Residential Water Treatment Devices Market Analysis
The Global Residential Water Treatment Devices Market is expected to register a CAGR of greater than 5% during the forecast period.
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 Market Trends
Large-Scale Industrialization and Urbanization
The market for residential water treatment devices has excellent growth prospects as a result of the widespread industrialization and urbanization of the world. A significant portion of the population is starting to understand the dangers of tainted water. In light of this, the market for home water treatment equipment may benefit from this element.
The market for home water treatment equipment is expanding as a result of the expanding population, which is another significant reason. Therefore, the market for home water treatment systems may benefit from the combination of all these variables. The quantity of chemicals produced and increased industrialization both contribute to an increase in the number of polluted water bodies. This drives this market's expansion on a global scale because of the rising demand for clean water.
Asia-Pacific is Fastest Growing Market
The Asia-Pacific region, which is expanding quickly, presently makes up 3/5 of the world's population. According to a UNICEF assessment, the rate of growth there considerably outpaces the number of people who are acquiring access to safe drinking water. According to India's 2011 Census, 14% of households there lack access to clean drinking water. The Asia-Pacific region's natural water bodies are also getting worse due to extensive industrialization and overuse of pesticides.
Numerous bodies of water that serve as a source of drinking water for millions of locals are dangerously high in pollutants. Industrial waste, agricultural chemicals that seep into the nearest water body from the soil, and waste injection have an impact on more than 80% of water bodies in China, including shallow groundwater. Over 75% of Indonesia's rivers are heavily contaminated with fluoride and arsenic, directly contributing to the deaths of about 50,000 people each year.
Residential Water Treatment Devices Industry Overview
The report covers major players operating in the Residential Water Treatment Devices market along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity which will help them to increase exports.
Residential Water Treatment Devices Market Leaders
Kent RO System
Eureka Forbes
Culligan International
Panasonic Corporation
Calgon Carbon
- *Disclaimer: Major Players sorted in no particular order
Residential Water Treatment Devices Market News
- In 2022, Culligan international launches The AquasentialTM Smart High Efficiency (HE) Water Softener can reduce running costs by up to 46% by optimizing salt, water, and electricity utilization. The clever system can help you and your house by eliminating toxins from hard water. Dishes get cleaner, water-using appliances survive longer, and your clothes, hair, and skin are softer than ever.
- In 2022, Aquaguard Select Edge with Stainless Steel is a new product from Eureka Forbes that combines copper's goodness with steel's protection. It has a built-in storage tank made of top-quality 304 stainless steel, which is used to make surgical tools. This tank has undergone testing and has been found to be corrosion-free, strong, and long-lasting, ensuring always-fresh and healthful water.
