Global Water Treatment Systems Point of Entry Market Analysis & Outlook 2030
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Product Code:
RP-ID-10352125 -
Published Date:
21 Oct 2022 -
Region:
Global
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Category:
Industrial Automation & Equipment -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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In 2021, the global market size of entry point water treatment systems estimated to be USD 9 billion, and the compound annual growth rate from 2022 to 2030 is expected to exceed 3% between 2022 and 2030. This is due to the increase in public health awareness, especially the increase in the world population in urban areas. Add to this the increasing water pollution: governments across the country have issued strict guidelines to limit drinking water pollution. It is expected that raising public health awareness will complement the adoption of point-of-entry (POE) water treatment systems. In turn, it is estimated that this will drive the market during the forecast period. Due to its advanced processing capacity and highly developed technological industry, the United States is one of the main markets for entry point water treatment systems.
The U.S. Environmental Protection Agency (EPA) has been implementing a number of regulations to ensure water treatment services at the manufacturing and municipal levels. These systems are designed to provide low cost, sanitation and environmental protection, while providing additional benefits. The key basic equipment used in the manufacture of entry point water treatment systems are membranes, filters, pumps, valves, water tanks, automation systems, and so on. Advanced raw materials and their technical complexity.
Increased health awareness, especially in developed regions including Europe and North America, and some regions in the Asia-Pacific region, is expected to promote the entry of the water treatment system market during the forecast period. Number of regulations issued by European and North American regulatory agencies. Consumers in the entry point system market are very sensitive to the cost of installing the system. As a result, companies are involved in offering discounts and price cuts in an attempt to attract consumers.
Technical insights:
Based on technology, the entry point water treatment system market is segmented into reverse osmosis, disinfection, distillation, filtration, water softeners, etc. In terms of revenue, the reverse osmosis (RO) system technology segment accounted for 18% of the market share in 2020 due to its large-scale adoption and ease of installation and maintenance. Throughout the forecast period, due to the introduction of new products and combined technologies in the water treatment system market that have entered the market in the past few years, such as RO + UV systems. Increasing adoption of alternative technologies provides many benefits, including improved functionality and greater efficiency.
The water softener sector accounted for USD 2 billion in 2020 and is expected to become the third largest technology sector during the forecast period. This is due to the increasing demand for water softening processes, that is, the demand for removing magnesium, calcium and other materials from hard water is expected to increase substantially. Due to the widespread adoption of filters in workplaces, homes and institutions, the filtration technology segment is expected to occupy an important market share. The demand for disinfection and reverse osmosis is expected to increase substantially in the next few years due to the improved efficiency in removing minerals and pollutants.
Application information:
The entry point water treatment system market categorizes products according to their application in residential and non-residential areas. Affluent homes with a large number of drinking fountains (including faucets, showers, and swimming pools) usually exhibit greater penetration and adoption of water treatment systems at the entrance. In terms of revenue, the residential segment is valued at US$2.2 billion in 2019 and is expected to grow at a compound annual growth rate of 2.7% from 2020 to 2027. The residential application field is expected to see considerable growth during the forecast period, mainly due to the high cost of installation and system maintenance.
Regional outlook:
The entry point water treatment system market is expected to be driven by increasing requirements for minimizing the global water footprint and emerging economies (including Asia Pacific, Central Africa and South Africa) for optimal returns on treated water quality. As more and more countries introduce stricter regulations to control water treatment systems at entry points within their jurisdiction, the market is expected to experience stronger growth during the forecast period.
Power generation, paper and pulp in developing countries such as India, China and Singapore are some of the main drivers of growth. In terms of revenue, it is estimated that by 2030, the Asia-Pacific entry point water treatment system market will exceed USD 5 billion. Major manufacturers are seeking to expand their geographic coverage and target countries such as Indonesia, South Africa and Vietnam. Other developing countries to increase their income. As part of the strategic growth plan, US market participants such as 3M and Honeywell are seeking to expand their business in countries where the demand for entry point systems is increasing. It is expected to have a positive impact on the water treatment industry in the region.
The growing economic conditions of South American countries such as Brazil, Argentina, and Venezuela have attracted many large companies to establish production units in the region, which means that there is a large demand for fresh and processed water. Participants seek more opportunities for entry point water treatment systems in the global market to gain market share. Because of the broad product portfolio and improved product offerings, companies trying to gain a foothold in the market must compete with existing multinational companies including 3M, Dow Chemical, General Electric, BWT AG, and Culligan International. Systems include 3M, Pentair, Dow Chemicals, Honeywell, BWT AG, Culligan, GE and Watts Water Technologies. These players control a significant share of global market revenue. Some of these international companies have signed agreements with local agents to provide after-sales services at affordable prices.
Market segments covered by the report:
This report forecasts global, regional and national revenue and sales growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research has segmented the global entry point water treatment system market report based on technology, application and region. (Number, thousands; revenue, billions of dollars, 2022-2030) residential non-residential.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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