Point-of-Use Water Treatment Systems Market Report Size, Share, Growth, Trends
The global point-of-use water treatment systems market size is anticipated to witness significant growth on account of the increasing levels of water pollution, attributed to the rise in urbanization and industrialization, coupled with the increasing importance of clean water. As per a recent report by Fortune Business Insights, The global point of use water treatment systems market size was valued at USD 19.58 billion in 2021 and is projected to grow from USD 20.94 billion in 2022 to USD 36.54 billion by 2029, exhibiting a CAGR of 8.3% during the forecast period. Outbreak of covid-19 is expected to have significant impact on growth of the market. The year-on-year growth rate is estimated to decline for the next two years as compared to the earlier.
Source:
https://www.fortunebusinessinsights.com/point-of-use-water-treatment-systems-market-102814
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The Report Answers the following Questions?
- How fierce is the competition of the market?
- What are the key trends, and current industry developments of the market?
- Which strategies are executed by market players? How far is the success rate?
- What is the impact of smart purifiers on the point-of-use water treatment system market?
Segment-
RO Filters Segment to Dominate Owing to High Preference for Treating Hard Water
Based on category, RO filters segment dominated the market was dominated in 2019 on account of the highly advanced membrane filtration technology that guarantees 99% of the germ removal from water, thereby offering pure water. Besides this, RO filters are also considered to be the best solution for treating hard water. However, the UV filters segment earned a 22.8% share in the market.
