Water Treatment System (Point of Use) Market is estimated to grow at 9.89% CAGR by 2023

(IT-NEWSWIRE.COM, October 28, 2017 ) Market Highlights:
The global market of Water Treatment System (Point of use) is growing rapidly. Focus towards construction, and infrastructural development makes Water Treatment System (point of use), popular among manufacturers. Water treatment system (Point of use) account for features such as availability and thus can conveniently use whenever required. However high capital costs act as a significant entry barrier. Nowadays, many companies focus on on-site water treatment systems for treating contaminated water generated by construction dewatering activities and maintain groundwater treatment equipment to treat the waste from construction dewatering system. The fast growth of Water Treatment System (Point of use) in the APAC region is a new growth trend.

The increasing demand for potable water and the awareness of the benefits of Water treatment are some of the major factors for growth of the Water Treatment Systems (point-of-use) Market. The growing demand for technologically advanced solutions that provide better water treatment and better de-contamination of water and safety features combined with health benefits is expected to drive the market for point-of-use water treatment systems globally. Moreover, the growth in this market is propelled by continuous growth in industrialization especially in developing economies, increasing water contamination, and increasing awareness about the importance of clean drinking water.

The market has been analyzed based on technology, device, application and end-use in the regions of North America, Europe, APAC and Rest of the World. On the basis of technology, the market segments are Distillation, Reverse Osmosis System, and Others. Reverse osmosis is the fastest growing technology in the Water Treatment System (point-of-use) Market. It is used to remove large amounts of contaminants from the water by pushing it under pressure through a semi-permeable membrane. On the basis of device the segments include Counter-top Units, Faucet-Mounted Filters and Others. The faucet-mounted filters segment is dominating the market of water treatment system (Point of use). On the basis of application it includes Residential, and Non-Residential. The residential sector is the fastest growing segment, followed by non-residential.

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Key Players:
The key players of Global Water Treatment System (Point of use) Market include 3M Company (U.S.), Honeywell International Inc. (U.S.), Koninklijke Philips NV (The Netherlands), Pentair plc (U.K.), Panasonic Corporation (Japan), Unilever PLC (U.K.), and LG Electronics Inc. (South Korea), General Electric Company(U.S.),Watts Water Technologies, Inc.(U.S.) and Danaher Corporation(U.S.).

Market Research Future Analysis:
Market Research Future analysis shows that the global market of Water Treatment System (Point of use) Market is estimated to grow at 9.89% CAGR by the end of the forecast period.

The growing demand for infrastructural development and eventually construction, are the major factors driving the market of Water Treatment System (Point of use). Sustained growth in housing segment, government emphasis on infrastructure and increased global demand are expected to drive the Water Treatment System (Point of use) Market. Asia-Pacific region is expected to lead the market of Water Treatment System (Point of use) during the forecast period. This is because of the growth in construction industry and rapidly rising urban population in the region.Water Treatment System (Point of use) demand is growing in housing and infrastructure sector.

Residential sector is the largest segment, by Application:
Residential segment of the Water Treatment System (Point of use) Market is fast growing, owing to the high growth of construction, increasing water contamination and growing consciousness for safe. They are also some of the major factors contributing growth of the Water Treatment System (point of use) Market. Growing demand for construction and development in infrastructure, growing adoption among manufacturers along with government initiatives are also expected to drive the market of Global Water Treatment System (point of use).

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Key Points from Table of Contents:

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario
8.2.1 Market Share Analysis
8.2.2 Market Development Analysis
8.2.3 Technology /Service Benchmarking

8.3 3M Company
8.3.1 Overview
8.3.2 Technology /Service Offering
8.3.3 Strategy

8.4 Honeywell International Inc.
8.4.1 Overview
8.4.2 Technology /Service Offering
8.4.3 Strategy

8.5 Koninklijke Philips NV
8.5.1 Overview
8.5.2 Technology /Service Offering
8.5.3 Strategy

8.6 Pentair plc
8.6.1 Overview
8.6.2 Technology /Service Offering
8.6.3 Strategy

8.6 Panasonic Corporation
8.6.1 Overview
8.6.2 Technology /Service Offering
8.6.3 Strategy

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Water Treatment System (Point of Use) Market is estimated to grow at 9.89% CAGR by 2023