Point-of-Entry Water Treatment Systems Market Overview :
Point-of-Entry Water Treatment Systems Market is expected to garner $6.6 billion by 2022, registering a CAGR of 8.9% during the forecast period 2016-2022. Point-of-entry water treatment systems are installed at main water lines, which are the first entry point of water in a residential or commercial establishment. These systems are witnessing increased adoption owing to growing demand for clean water among the populace. Treating water at the first point of entry whether in a building or a residential complex is increasingly becoming important due to the rising levels of contamination at water sites as well as during the supply. Asia-Pacific exhibits lucrative market opportunities especially in countries such as China and India owing to a large customer base and growing urbanization.
Factors driving the market are increasing disposable income, urbanization, rising concerns about waterborne diseases, and technological advancements. However, factors such as high installation, equipment, and operations cost limit the market growth. The scarcity of clean water in developing countries and depleting freshwater resources create varied opportunities for market growth.
Key players operating in this market are The DOW Chemical Company, Honeywell International Inc., 3M Company, Danaher Corporation, Pentair PLC, Best Water Technology (BWT) AG, Calgon Carbon Corporation, Culligan International, General Electric Company, and Watts Water Technologies, Inc. Product launch and innovation are the primary strategies adopted by the players to increase their market share.
Top factors impacting world point-of-entry water treatment systems market
Growing water contamination: The growing water contamination has raised several concerns among the populace across the world. The increased industrial activities pollute the surface water with the addition of toxic chemical substances along with pathogens. These toxic chemicals present imminent threats to human health. The poor water treatment infrastructure at municipal water plants in many countries has increased the installation of point-of-entry water treatment systems in individual homes or buildings. Thus, the demand for water treatment systems is expected to grow in the next 5‐6 years.
Increasing concerns in emerging nations regarding safe drinking water: Large-scale water treatment plants comprising effective purification systems require huge capital. This factor has mainly affected the quality of water supplied to the citizens in the developing nations. Moreover, this is a major concern in areas where the population density is low. Thus, the installation of point-of-entry water treatment systems becomes necessary during initial stages of supply to a building.
Increasing urbanization: With economic advancement in emerging nations, the cities are becoming more populated. This economic development also resulted into increasing disposable income of the populace, thereby changing the lifestyle and eating habits of people. This has been changing the focus towards consumption of clean drinking water in residential areas as well as hotels, restaurants, and offices, among others and ultimately increased the sales of water filtration and disinfection equipment. Thus, urbanization is expected to increase the adoption of water treatment systems especially in emerging nations.
High equipment and operation costs: High initial equipment and operation cost has restricted the adoption of these systems among the residential customers. The equipment cost of these systems is significantly high and regular maintenance required afterwards increases the cost of use. Although this factor impacted the market in the residential segment, the ongoing technological advancement is expected to help to bring down the cost of the equipment in future, increasing their use among households.
Depleting freshwater resources: The freshwater resources are depleting on the earth due to human activities such as urbanization, industrialization, and improper management of water resources. Although the situation is changing in developed countries due to government initiatives, it is worsening in developing countries. Thus, the need for effective water treatment systems is increasing to prevent waterborne diseases.
Top winning strategies
Contaminated water is a prime reason for the deterioration of health across the world. In addition, the depletion of freshwater resources increases the need for water treatment as a safety precaution. The market players are adopting various strategies in order to increase their market share.
Product launch is the most prominent strategy adopted by the leading industry players. In addition, partnerships and acquisitions are the other two prominent strategies within this industry.
Top investment pockets
This section highlights the potency of the market segments in terms of investment opportunities for stakeholders. The potency of the market segments is based on the present market condition as well as growth prospects during the forecast period. The following illustration demonstrates the potency of the application segment depending on the growth rate and market attractiveness.
The world point-of-entry water treatment systems market is segmented based on water treatment technology, application, and geography. Various technologies such as water softening, filtration, reverse osmosis, and disinfection are popular in the market. In 2015, the water softening technology dominated the market followed by the water filtration technique. Based on application, the market is segmented into residential, commercial, and industrial sectors. Geographically, it is divided into North America, Europe, Asia-Pacific, and LAMEA, along with a country-wise split of these regions.
World Point-of-Entry Water Treatment Systems Market by Application
The key application areas of point-of-entry water treatment systems include residential, commercial, and industrial sectors. Residential customers prefer the water treatment systems to further enhance the quality of water received from municipal water treatment plants. Commercial premises such as hotels and restaurants use these systems to improve the hygiene levels of food products.
Water filters are the generally preferred devices among the households as they help to remove the dissolved particles and contaminants from the water. The demand for RO and disinfection equipment is rapidly growing due to their effectiveness in removing the contaminants and minerals.
Urbanization is growing rapidly in the Asia-Pacific and LAMEA regions due to economic development. This has been fuelling the demand for water treatment systems among the residential customers. The effectiveness of water filters and RO systems in reducing the dissolved particles and contaminants has facilitated their adoption among the residential customers. The residential customers normally prefer to operate the systems on their own once the provider installs it.
- The study provides an in-depth analysis of the point-of-entry water treatment systems market with current trends and future estimations to elucidate the eminent investment pockets.
- Porter’s five forces analysis highlights the potency of the suppliers and buyers along with a competitive scenario of the market, which is likely to facilitate efficient strategic planning.
- The value chain analysis of the industry provides a clear view of key intermediaries involved and elaborates their roles at every stage.
- The report provides information regarding key drivers, restraints, and opportunities with an impact analysis for the forecast years.
- The quantitative analysis of the market from 2015 to 2022 is covered to elaborate the market potential.
POINT-OF-ENTRY WATER TREATMENT SYSTEMS MARKET KEY SEGMENTS:
The point-of-entry water treatment systems market is segmented as follows:
Market by Technology
- Water Softening
- Reverse Osmosis (RO)
- Others (Sedimentation, Distillation)
Market by Application
Market by Geography
- North America