Point of Use Water Treatment Systems Market to Reach Valuation of USD 29.8 Billion by 2028 –Increasing Applications of Point of Use Water Treatment Systems in Nutrition and Food SectorsDrives the Market

In terms of revenue, the Global Point of Use Water Treatment Systems Market is expected to reach USD 29.8 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 8.00% from 2022 to 2028.

The industry's growth is attributed to a variety of factors, including an increase in urban populations, a more health-conscious youth demographic, and water contamination. Rigid regulatory criteria to limit pollution in drinking water and incentives to encourage the use of water treatment systems are expected to propel the market over the forecast period. In addition, home water purifying devices can be purchased by customers who are responsible for their own expenses. Rising health consciousness in both growing Asia and the Pacific economies and more developed countries like North America and Europe bodes well for the market's future growth.

Key Developments in the Industry

· In October of 2021, Pentair paid roughly USD 255 million in cash to purchase Pleatco. Water filtration products for pools and spas are made with Pleatco. Pentair's distribution network in the Americas and Europe has been bolstered by this acquisition.

· In July of 2021, A.O. Smith Corporation announced that they will be acquiring MasterWater Conditioning Corporation, a Pennsylvania-based water treatment firm, for an undisclosed sum of cash. The acquisition demonstrates MasterWater's dedication to the North American water treatment business, a critical part of the company's plan to provide cutting-edge heating and purification systems for potable water.

· In June of 2021, Brita partnered with Parley for the Oceans, a futuristic environmental group, to decrease the prevalence of plastic water bottles. Together, they unveiled a concept called Future of Water, which imagines what future sustainable Brita water treatment solutions might look like.

· In 2020 December, Pentair introduced the FreshPoint Easy Flow Under Counter Filtration System. This method has been verified by the National Sanitation Foundation and provides clean, filtered water directly from the tap for a whole year using just one filter.

Market Dynamics

There was a significant operational and economic impact on the Global Point of Use Water Treatment Systems business due to the COVID-19 epidemic. Because the water treatment industry provides a vital function, it suffered less damage than other manufacturing sectors. However, the sudden lockdown and restrictions on the flow of commodities to minimize the virus spread caused supply chain difficulties and a scarcity of technicians. The Water and Wastewater Equipment Manufacturers Association (WWEMA) reports that supply chain difficulties have significantly impacted the market, inflation, and the high cost of steel, especially stainless steel. Suppliers and contractors working with water and sewage systems felt a considerable impact on the cost of raw materials and purchased components as a result of this. The economy as a whole was feeling the effects, and there were shortages of workers across many sectors. The process of finding, hiring, training, and compensating new workers was more time-consuming and demanding of financial resources.

Companies are spending a lot of money on R&D and releasing new, cutting-edge designs with increased capacities to increase their widespread use. However, in this industry, some firms are doing responsibly. One of Pentair's strategic goals is carbon footprint reduction, water reduction, sustainable product design, responsible supply chain, and diversity and inclusion. As a result, here is a sampling of the forces propelling the market forward.

During the forecast period, the Point of Use Water Treatment Systems Market in Asia Pacificis anticipated to develop at the quickest rate. The growth of the regional market is due to a number of factors, including rising household adoption of water treatment systems, a more robust economy, and the increased emphasis of key manufacturers on developing technologically advanced, economically viable goods. The expansion of the region's markets is predicted to be aided by the widespread implementation of innovative technology. In addition, the area is being increasingly urbanized at a rapid pace. City water supplies in developing countries are often questioned for their safety, and this has contributed to an unprecedented demand for water treatment technology.

The Global Point of Use Water Treatment Systems Market is Segmented as follows

• Applications
  • Residential
  • Non- Residential
• Device
  • Tabletop Pitchers
  • Faucet-mounted Filters
  • Counter-top Units
  • Under-the-sink Filters
  • Other Devices
• Technology
  • Reverse Osmosis Systems
  • Ultrafiltration Systems
  • Distillation Systems
  • Disinfection Methods
  • Filtration Methods
  • Ion Exchange
  • Other Technologies
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Point of Use Water Treatment Systems Market is

Pentair PLC (US), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), BEST Water Technology AG (Austria), Toray Industries (Japan), ALTICOR (US), 3M COMPANY (US), Tata Chemicals (India), KENT RO Systems (India), Whirlpool Corporation (US), Eureka Forbes (India), Culligan International (US), Instapure Brands (US), Helen of Troy Limited (US), GE Appliances (US), DuPont (US), A.O. Smith Corporation (US), Kinetico (UK), Ecowater Systems (US), WestAqua Distribution OU

The Global Point of Use Water Treatment Systems Market Scope can be Tabulated as below