Residential Water Treatment Market during Forecast Period 2022-2028

1. Global Residential Water Treatment Market- Industry Size, Share, Growth, Opportunity and Forecast, 2022-2028

2. Global Residential Water Treatment Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Residential Water Treatment Market was worth USD 21.38 billion in the year 2021. The market is projected to grow at a CAGR of 7.1%, earning revenues of around USD 34.29 billion by the end of 2028. The Global Residential Water Treatment Market is booming due to the growing demand for water treatment systems in households as a result of rising water pollution and urban population growth. Moreover, because of the shortage of freshwater resources, both developed and emerging nations experience water scarcity issues.

3. Growth Drivers  Rising Demand for Pure Quality Drinking Water The greatest water challenge facing the world is the pollution of surface and groundwater supplies from industrial, domestic, and agricultural sources. Urbanization has long been known to have a detrimental effect on water quality in general. Freshwater resources supply almost all of the drinking and agricultural water required, hence the declining water quality index of these resources is a major cause for concern. Contrary to biological contamination, chemical pollution has no direct impact on human health; however, it causes accumulation in the body and has negative repercussions.

4. Restraints  Discrepancy in Effectiveness The unpredictability of regulatory actions regarding these devices puts the market's upward trend in jeopardy. Because no health department or body has jurisdiction over water treatment equipment, the discrepancy in effectiveness is highlighted. The National Sanitation Foundation (NSF), a nonprofit organization that analyses products used to filter water, issues an NSF seal to those who pass the test. The industry is in a state of flux because testing is optional and there are no standards or rules in place for the installation and use of these devices. Consumers are becoming more aware of the benefits and authenticity of products in every industry, and manufacturers are keeping a tighter eye on false advertising, which has somewhat offset the negative effects on the market for residential water treatment systems.

5. Impact of COVID-19 People are more concerned about their health during the COVID-19 pandemic and are taking extra precautions to ensure their safety. In addition, the work-from-home culture has increased the demand for point-of-use water treatment systems in the residential sector. However, the high installation, equipment, and operation costs are the primary impediment to the market's growth. Because of health concerns, rising demand for high-quality drinking water, and increased customer access to point-of-use devices through retail channels, the point-of-use water treatment systems industry is expanding overall. Companies are focusing on manufacturing environmentally friendly point-of-use water treatment systems in response to stringent government regulations imposed by various countries.

6. By Region Geographically, the Global Residential Water Treatment Market is segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East and Africa. Among these, the APAC region holds the greatest market share. China, India, and ASEAN nations are the key drivers of residential water treatment system demand in APAC because they are concerned about treated water, rapid urbanization, and economic growth. These nations' expanding populations offer a sizable customer base. Increased governmental and private sector investments, rising population, expanding economy, and high disposable income all support the expansion of these businesses.

7. Competitive Landscape The leading market players in the Global Residential Water Treatment Market are A.O Smith Corporation, Kent Supreme, Eureka Forbes, Panasonic, Aqua Care, 3M, Aquasana, Waterwise Inc, Everpure, GE Appliances, and other prominent players. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/residential-water-treatment-market/report-sample

8. Recent Development In July 2019, Pentair entered into a definitive agreement to acquire Pelican Water Systems. Pelican Water Systems provides residential water treatment systems. The addition of Pelican Water Systems will strengthen Pentair’s business by offering new growth opportunities through its innovative products and multi-channel approach. This strategy is expected to provide more options to consumers to buy water treatment solutions. Through this acquisition, the company expands its core water treatment products in the residential home water business.

9. Key PlayersA.O Smith Corporation, Kent Supreme, Eureka Forbes, Panasonic, Aqua Care, 3M, Aquasana, Waterwise Inc, Everpure, GE Appliances, and other prominent players.

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