Residential Water Treatment Devices Market 2022 Growth Opportunities, Top Players, Regions, Application, and Forecast to 2031

The global residential water treatment devices market is expected to develop at a 9 percent compound annual growth rate (CAGR) from 2017 to 2027, reaching a value of US$ 56 billion. Water is essential for all living things, yet it is also one of the most scarce resources. These sources of life have been contaminated by large-scale urbanisation, widespread pesticide use, and naturally occurring toxins in some water basins, making them unfit for human consumption. In its report titled “Residential Water Treatment Devices Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” Future Market Insights examines the global residential water treatment devices market, which is expected to grow at a robust CAGR of 9% from 2017 to 2027 and reach a value of US$ 56 billion.

Region – Governments Unable to Provide Safe Drinking to all Citizens in APEJ

The APEJ region presently has 3/5th of the world’s population and is continually expanding. According to a UNICEF research, the rate of increase greatly outpaces the rate of increase in the number of people who have access to safe drinking water. According to India’s 2011 Census, 14% of the country’s households do not have access to safe drinking water. Furthermore, large-scale development and excessive pesticide usage in the APEJ region degrade the quality of natural water bodies. Toxic levels are extremely high in several water bodies that give water to millions of people in the area.

Industrial waste and agricultural chemicals that seep into the nearest water body from the soil and waste injection have contaminated more than 80% of water bodies in China, including shallow groundwater. More than 75% of Indonesia’s rivers are contaminated with high amounts of fluoride and arsenic, resulting in the deaths of over 50,000 people each year.

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Region – Increasing Cases of Waterborne Diseases in North America

Despite the fact that the United States has one of the cleanest drinking water systems in the world, numerous cases of gastrointestinal ailments are reported in the country every year due to the inadequacy of public water systems, which prevents consumption from non-public systems. Waterborne pollutants can cause a variety of health issues, including vomiting, diarrhoea, difficulty breathing, eye, ear, and skin infections, and pneumonia. Diseases including giardiasis, cryptosporidiosis, and otitis externa resulted in approximately 40,000 hospitalizations and cost the country just under a billion dollars annually. Clostridium difficile alone is responsible for over 8000 deaths per year. These deaths could be prevented with the use of equipment available in the North American residential water treatment devices market, which is expected to be valued around US$ 7.8 billion by 2025.

Equipment Type – Reverse Osmosis Most Popular Equipment Type

In 2017, the reverse osmosis category accounted for about 60% of the market for residential water treatment devices, and this figure is expected to climb to 63 percent by the end of the forecast period. From 2017 to 2027, reverse osmosis is expected to grow at the fastest rate of 9.7% in terms of value, making it critical for key stakeholders in the residential water treatment devices market to focus on this equipment type. In the reverse osmosis portion of the home water treatment equipment market, there is an absolute monetary opportunity of slightly less than a billion dollars in 2017 over 2016.

Competition Dashboard in the Residential Water Treatment Devices Market

Amway Corporation, The 3M Company, Haier Group Corporation, Robert Bosch GmbH, Whirlpool Corporation, BRITA GmbH, Culligan International Company, Eureka Forbes, Kent RO Systems Ltd., Panasonic Corporation ADR, LG Electronics Inc., Hindustan Unilever Ltd., Mitsubishi Rayon Cleansui Co. Ltd., P.T. Holland, A.O. Smith Corporation, Mazuma Thailand Co. Ltd., Ceramica Stefani S.A., Lorenzetti S.

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Key Insights in the Residential Water Treatment Devices Market

The lack of new technology and sluggishness on the part of major stakeholders have defined the residential water treatment devices industry. There has been no significant investment in R&D, and there is no product difference. As a result, pricing becomes the decisive factor for purchasers, and any company that can significantly lower the initial or ongoing costs stands to benefit significantly in the residential water treatment devices industry. Companies should aim to provide smart new goods with a variety of functions, such as the ability to heat or freeze water, add flavours, or purify it at several stages.

Low Dosage Hydrate Inhibitors Market by Category

Product Type:

  • Anti-agglomerate (AA) Inhibitors
  • Kinetic Hydrate Inhibitors (KHIs)

Terrain Type:

  • Onshore
  • Offshore

Region:

  • North America
  • Latin America
  • Europe
  • Oceania
  • East Asia
  • South Asia
  • Middle East & Africa (MEA)

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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