Global Residential Water Treatment System Market Size, Share, and COVID-19 Impact Analysis, By Type (Filtration Systems, Disinfection Systems, Water Softening Systems, Reverse Osmosis (RO) Systems, Distillation Systems, Carbon Filters), By End-Use Applications (Drinking Water, Whole-House Systems, Point-of-Use (POU) Systems, Appliances Protection, Gardening), By Distribution Channel (Specialty & Independent stores, Retail Sales, Online Retail, Third-Party Distributors), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Industry: Chemicals & MaterialsGlobal Residential Water Treatment System Market Size Insights Forecasts to 2032
- The Global Residential Water Treatment System Market Size Was valued at USD 8.573 billion in 2023.
- The Market is Growing at a CAGR of 4.13% From 2023 to 2033
- The Worldwide Residential Water Treatment System Market Size is Expected to Feach USD 12.854 billion by 2033
- North America is Expected to Grow the Fastest during the Forecast period
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The Global Residential Water Treatment System Market Size is anticipated to Exceed USD 12.854 Billion by 2033, Growing at a CAGR of 4.13% From 2023 to 2033.
Market Overview
To help prevent disease spread, water treatment systems are used to clean wastewater and process drinking water. Because they are less expensive, developing countries frequently use a single treatment technique such as chlorination, which only partially removes all contaminants such as heavy metals. Solar disinfection, which uses UV light from the sun, and sand filters are also popular in developing countries because they are simple to use and maintain. Manufacturers have introduced multiple-stage purification techniques in recent years, causing residential water filtration technology to advance greatly. Filtration, chemical blocks, mineral guards, UV e-boiling, and ultrafiltration are some popular purification methods. Advanced home water filter units provide consumer information about the health of the filters in place. Advanced filters retain natural minerals like calcium and magnesium. Active copper and zinc-boosting ions are added to purified water, increasing its nutrient content for human consumption. An increase in income improves customers' purchasing power, resulting in a higher standard of living. Furthermore, the demand for global residential water treatment systems is increasing in developing countries as municipalities provide safer water and the number of water reuse treatments increases.
Report Coverage
This research report categorizes the market for the global residential water treatment system market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global residential water treatment system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global residential water treatment system market.
Global Residential Water Treatment System Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 8.573 billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 4.13% |
2033 Value Projection: | USD 12.854 billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 120 |
Segments covered: | By Type, By Distribution Channel, By Region, and COVID-19 Impact Analysis |
Companies covered:: | KENT RO Systems Ltd., LG Electronics, Pure It LLC, Waterlife, Panasonic Corporation, AQUA PRO UAE, Coolpix Pure Water System, Ultra Tec Water Treatment LLC, Britannic Water Treatment Company W.L.L., Eureka Forbes, and other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
Growing concern about water contamination, including pollutants, chemicals, and microorganisms, fuels the demand for home water filtration units as a means of ensuring safe and clean drinking water. Furthermore, in developing countries, consumers prefer low-cost water purifiers. This is expected to drive the residential water filtration system unit market forward during the forecast period. Consumers are exploring the use of compact water purifiers at home due to increased health consciousness, which is expected to drive market growth during the forecast period. Stringent water quality regulations and guidelines imposed by regulatory bodies encourage the use of home water filtration units to satisfy safety standards. Consumers are more likely to invest in residential water filtration units because they want to reduce plastic waste and the environmental impact of bottled water consumption.
Restraining Factors
Lack of awareness about the benefits and availability of residential water filtration units can hamper market growth, as some consumers may not fully comprehend the benefits of filtering their tap water. The cost of purchasing and installing residential water filtration units, as well as ongoing maintenance costs, could discourage budget-conscious consumers from using these systems. Some residential water filtration systems necessitate professional installation, which can be challenging for those with limited technical knowledge or unable to invest in professional services.
Market Segmentation
The global residential water treatment system market share is classified into type, end-use application, and distribution channel.
- The reverse osmosis (RO) systems segment is expected to grow fastest in the global residential water treatment system market during the forecast period.
The global residential water treatment system market is categorized by type into filtration systems, disinfection systems, water softening systems, reverse osmosis (RO) systems, distillation systems, and carbon filters. Among these, the reverse osmosis (RO) systems segment is expected to grow fastest in the global residential water treatment system market during the forecast period since to the product's ability to remove impurities such as dissolved solids, heavy metals, and pesticides. RO-based water purifiers remove microorganisms from water, thereby eliminating harmful bacteria. The growing influx of low-cost purifiers, combined with technological innovations such as the use of candle-filter purifiers, is expected to drive segment growth during the forecast period.
- The point-of-use (POU) systems segment is expected to hold a significant share of the global residential water treatment system market during the forecast period.
Based on the end-use applications, the global residential water treatment system market is divided into drinking water, whole-house systems, point-of-use (POU) systems, appliance protection, and gardening. Among these, the point-of-use (POU) systems segment is expected to hold a significant share of the global residential water treatment system market during the forecast period. Since PoU systems are simple to use, inexpensive, require little maintenance, and are grid-independent, they are critical for treating water in underdeveloped areas. These systems are extremely useful in medical settings, particularly when dealing with patients whose immune systems are compromised. The market for point-of-use water treatment systems is expected to grow rapidly in the forecast period.
- The specialty & independent stores segment is expected to hold a significant share of the global residential water treatment system market during the forecast period.
Based on the distribution channel, the global residential water treatment system market is divided into specialty & independent stores, retail sales, online retail, and third-party distributors. Among these, the indirect sales segment is expected to hold a significant share of the global residential water treatment system market during the forecast period. Purification unit sales have increased through specialty and independent stores. Consumers' preference for specialty stores to purchase purification units in specific price ranges and brands of their choice is expected to support high-volume sales of residential water filtration units in the forecast period.
Regional Segment Analysis of the Global Residential Water Treatment System Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia-Pacific is anticipated to hold the largest share of the global residential water treatment system market over the predicted timeframe.
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Asia-Pacific is projected to hold the largest share of the global residential water treatment system market over the forecast years. Product demand is expected to grow in this region as the number of market players increases, accompanied by large-scale R&D investments. Companies like Eureka Forbes have a large consumer base, which promotes the growth of the industry. The residential water treatment industry is expected to expand as demand for high-quality water rises and environmental regulations tighten. Rising surface and groundwater pollution, combined with concerns about water security, will drive the business outlook.
North America is expected to grow fastest in the global residential water treatment system market during the forecast period. Factors driving demand for domestic water purifiers in this region include rising cases of jaundice and waterborne infections, increased urban sanitation awareness, and the region's exponential growth in residential construction.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved in the global residential water treatment system along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- KENT RO Systems Ltd.
- LG Electronics
- Pure It LLC
- Waterlife
- Panasonic Corporation
- AQUA PRO UAE
- Coolpix Pure Water System
- Ultra Tec Water Treatment LLC
- Britannic Water Treatment Company W.L.L.
- Eureka Forbes
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Global Residential Water Treatment System Market based on the below-mentioned segments:
Global Residential Water Treatment System Market, By Type
- Filtration Systems
- Disinfection Systems
- Water Softening Systems
- Reverse Osmosis (RO) Systems
- Distillation Systems
- Carbon Filters
Global Residential Water Treatment System Market, By End-Use Application
- Drinking Water
- Whole-House Systems
- Point-of-Use (POU) Systems
- Appliances Protection
- Gardening
Global Residential Water Treatment System Market, By Distribution Channel
- Specialty and Independent stores
- Retail Sales
- Online Retail
- Third-Party Distributors
Global Residential Water Treatment System Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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