The
global Water Treatment Systems Market size is projected
to be valued at USD 44.01 billion by 2025, according to a new report by Grand
View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Rising
water pollution, along with growing awareness of a healthy lifestyle, is predicted
to boost the market.
Increasing
awareness regarding the importance of clean water and subsequently growing
adoption of purifier systems is expected to boost the global market by 2025.
Government regulations to safeguard supply of potable water are predicted to
further enhance market growth over the forecast period.
Soaring
demand for potable water and increasing investments to manufacture efficient
water treatment units are also predicted to encourage market growth over the
coming years. In addition, significant reduction in production costs and easy
availability of these units will spur the market. Developing countries have
been offering financial benefits to encourage the adoption of water treatment
units.
The
residential segment, which includes small and large homes, residential
properties, and households, was worth USD 6.83 billion in 2016. The
non-residential segment is expected to exhibit the fastest CAGR of 7.6% over
the forecast period. This segment includes industrial units, commercial
establishments, educational institutions, and healthcare, transport, and
recreational facilities.
In terms of
technology, distillation methods amounted to USD 3.60 billion in 2016 and the
segment is predicted to witness robust growth over the forecast period.
Enhanced capacity, affordable pricing, and higher efficiency are predicted to
encourage the segment’s growth by 2025. In 2016, filtration methods accounted
for 17.7% of the global water treatment systems market. High adoption of the
technology, coupled with lower manufacturing costs compared to other prevailing
technologies, is projected to segment growth.
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Further key
findings from the report suggest:
- The U.S. water treatment systems market
revenue is projected to expand at a CAGR of 3.3% over the forecast period.
Favorable regulations, along with economic benefits offered by
manufacturers and distributors of these units, are projected to enhance
business growth by 2025
- The U.K. market, in terms of volume,
accounted for 32.3 million units in 2016. Point of entry systems find
greater adoption in the country, given the advanced sense of aesthetics
prevailing among most customers
- The India water treatment systems market
is expected to reach USD 3.64 billion over the forecast period. As of
2016, the country was among the largest markets in the region, coupled with
having the second largest population in the world and widespread water
contamination and pollution prevalent in the country.
About
Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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