Market Size of Global Residential Water Treatment Devices Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Residential Water Treatment Devices Market Analysis
After COVID-19, a sizable population's growing knowledge of the value of clean water has proven to be a key growth opportunity for the market for residential water treatment devices. The prevalence of water-borne illnesses like cholera and E. coli is on the rise, which highlights the need for clean water. After the pandemic, individuals started to care more about their health, which caused a boom in the industry.
The World Health Organization (WHO) estimates that 1.8 million people die each year as a result of waterborne illnesses. 2.1 billion people lack access to clean drinking water at home, according to the WHO. These figures are concerning, and household water treatment systems can aid in reducing the risk of waterborne illnesses and other issues that one can have as a result of unsafe or contaminated water.
Therefore, the market for home water treatment equipment is greatly encouraged by these factors. Residential water treatment systems make drinking water safe to consume by removing dangerous chemicals, gases, suspended solids, and biological impurities. Sales have increased consistently over the years as a result of better purification and filtration equipment accessibility, a wide range of product options, and population growth.
Residential Water Treatment Devices Industry Segmentation
Devices for residential water treatment purify water by removing undesirable elements such biological pollutants, toxic gases, chemicals, and suspended solids. Due to the numerous advantages that household water treatment systems provide, their market has been expanding steadily on a global scale. Residential Water Treatment Devices Market By Product Type (Point of Entry, Point of Use) By Technology (Ultraviolet Light, Ion Exchange, Granular Activated Carbon, Reverse Osmosis, Other Technologies), By Application ( Residential, and Commercial (Schools and Universities, Hospitals/Healthcare, Hotels and Hospitality, and Public Spaces)) By Distribution Channel (Mass Merchandisers, Home Centers, Dealers and Plumbers, Online, Other Distribution Channels) and By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
By Product Type | |
Point of Entry | |
Point of Use |
By Technology | |
Ultraviolet Light | |
Ion Exchange | |
Granular Activated Carbon | |
Reverse Osmosis | |
Other Technologies |
By Application | ||||||
Residential | ||||||
|
By Distribution Channel | |
Mass Merchandisers | |
Home Centers | |
Dealers and Plumbers | |
Online | |
Other Distribution Channels |
Geography | |
North America | |
Europe | |
Asia Pacific | |
South America | |
Middle East |
Global Residential Water Treatment Devices Market Size Summary
The residential water treatment devices market is experiencing significant growth, driven by increased awareness of the importance of clean water post-COVID-19. The rise in waterborne illnesses has underscored the necessity for safe drinking water, prompting a surge in demand for home water treatment systems. These systems are designed to eliminate harmful chemicals, gases, suspended solids, and biological impurities, making water safe for consumption. The market's expansion is further fueled by industrialization and urbanization, which have heightened public awareness of the dangers posed by contaminated water sources. As the global population continues to grow, the demand for clean water solutions is expected to rise, providing a substantial opportunity for market players.
In the Asia-Pacific region, which houses a significant portion of the world's population, the demand for residential water treatment devices is particularly pronounced due to the rapid industrialization and pollution of natural water bodies. The region faces challenges such as contaminated rivers and groundwater, exacerbated by industrial waste and agricultural chemicals. Major players in the market, including Kent RO System, Eureka Forbes, and Culligan International, are focusing on technological advancements and product innovation to meet the growing demand. Recent product launches, such as Culligan's AquasentialTM Smart High Efficiency Water Softener and Eureka Forbes' Aquaguard Select Edge, highlight the industry's commitment to improving water quality and efficiency. These developments are expected to drive further growth in the residential water treatment devices market.
Global Residential Water Treatment Devices Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights of Technology Innovations in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Point of Entry
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2.1.2 Point of Use
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2.2 By Technology
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2.2.1 Ultraviolet Light
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2.2.2 Ion Exchange
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2.2.3 Granular Activated Carbon
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2.2.4 Reverse Osmosis
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2.2.5 Other Technologies
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2.3 By Application
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2.3.1 Residential
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2.3.2 Commercial
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2.3.2.1 Schools and Universities
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2.3.2.2 Hospitals/Healthcare
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2.3.2.3 Hotels and Hospitality
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2.3.2.4 Public Spaces
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2.4 By Distribution Channel
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2.4.1 Mass Merchandisers
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2.4.2 Home Centers
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2.4.3 Dealers and Plumbers
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2.4.4 Online
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2.4.5 Other Distribution Channels
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2.5 Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia Pacific
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2.5.4 South America
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2.5.5 Middle East
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Global Residential Water Treatment Devices Market Size FAQs
What is the current Global Residential Water Treatment Devices Market size?
The Global Residential Water Treatment Devices Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Global Residential Water Treatment Devices Market?
Kent RO System, Eureka Forbes, Culligan International, Panasonic Corporation and Calgon Carbon are the major companies operating in the Global Residential Water Treatment Devices Market.