The global point-of-use water treatment systems market size is projected to grow from USD 16.2 billion in 2021 to USD 25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. According to Kinetic Degradation Fluxion (KDF) Fluid Treatment, a device manufacturer, “A point-of-use water treatment system is installed in an individual source line ahead of any or all of a buildings taps, faucets, or other dedicated outlets used to dispense water for drinking, cooking, or bathing. Good point-of-use systems are often expected to capture whatever escapes the PoE system.
Point-of-use water treatment systems are devices that are installed on either single tap or multiple taps to provide high-quality water that is free from contaminants, such as chlorine, iron, sulfur, and dissolved solids. This high-quality water is used for drinking, cooking, and other purposes in residential and non-residential sectors. Point-of-use water treatment systems filter the water at the “point,” where it is consumed as compared to a point-of-entry (PoE) system that is generally installed at the main water line.
To know about the assumptions considered for the study download the pdf brochure
The point-of-use water treatment systems market has thousands of companies that thrive in their domestic market. A few of the major players are Pentair PLC (UK), Honeywell International (US), Panasonic Corporation (Japan), Unilever PLC (UK), LG Electronics (South Korea), Coway Co. Ltd. (South Korea), Best Water Technology AG (Austria), Toray Industries (Japan), among others. These players have adopted various growth strategies, such as mergers & acquisitions, investments & expansions, agreements, partnerships & joint ventures, and new product developments, to increase their market shares and enhance their product portfolios.
Acquisitions and joint ventures accounted for the largest share of all the strategic developments that took place in the point-of-use water treatment systems market between 2016 and 2020. Key players such as Pentair PLC, Panasonic Corporation adopted these strategies to enhance their business, market presence, develop new products, and meet consumer demand.
Pentair PLC, formerly known as Tyco Flow Control International, is a UK-based company offering water, fluid, thermal management, and equipment protection products, services, and solutions. It comprises three reportable business segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The company provides point-of-use water treatment systems under its filtration solutions segment. The Filtration Solutions segment designs manufacture and market innovative water solutions to meet filtration and separation challenges across residential, commercial, food & beverage, and industrial applications. The company has a strong global foothold with around 20 manufacturing plants and conducts its operations in over 30 countries across Europe, Asia Pacific, North America, and other regions.
Honeywell International is a diversified technology company that manufactures power generation systems, control technologies, aerospace products, and plastic and electronic materials. It operates through four major segments: Aerospace, Honeywell Building Technologies, Performance Materials, and Technologies, and Safety & Productivity Solutions. Point-of-use water treatment systems come under the performance materials and technologies segment. The company has a global enabler, Honeywell Operating System (HOS) Gold, which integrates various processes of the company such as the Honeywell Operating System (HOS), Velocity Product Development (VPD), Functional Transformation (FT), Honeywell User Experience (HUE), Software, and Six Sigma into an entire business operating system.
Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=131277828
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email:Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/point-of-use-water-treatment-systems-market-131277828.html
