The report “Point-of-Use Water Treatment Systems Market by Device (Tabletop, Faucet-mounted, Countertop) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential & Non-Residential) & Region – Global Forecast to 2026″, market size is projected to grow from USD 16.2 billion in 2021 to USD 25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. The market is projected to grow in accordance with increasing demand for clean drinking water, increasing water contamination, growing human population, growing awareness about the benefits of water treatment, and technological innovations in the water treatment industry.
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• 216 Market data Tables
• 47 Figures
• 214 Pages and in-depth TOC on “Point-of-Use Water Treatment Systems Market – Global Forecast to 2026″
Some of the prominent key players are:
· Pentair PLC (UK)
· Honeywell International (US)
· Panasonic Corporation (Japan)
· Unilever PLC (UK)
· LG Electronics (South Korea)
· Coway Co. Ltd. (South Korea)
· Best Water Technology AG (Austria)
Opportunity: Scarcity of clean water in developing and underdeveloped countries
Some of the Asia Pacific countries such as Bangladesh, Pakistan, and Nepal and most African countries such as Nigeria, Ghana, and Ethiopia face huge problems related to clean water. Being developing and underdeveloped, these countries lack the financial stability to provide clean drinking water. According to WHO, diarrhea, which is caused due to contaminated drinking water, is responsible for 8.5% and 7.7% of all deaths in Asia and Africa every year. It also states that countries such as Argentina, Bangladesh, India, Chile, and Mexico consume water contaminated with arsenic, which causes skin injuries.
