The report is titled ‘Residential Water Treatment Equipment Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the residential water treatment equipment market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The residential water treatment equipment market is expected to grow at a significant rate in the near future.
Residential Water Treatment Equipment Market Dynamics
The growth of the residential water treatment equipment market is majorly influenced by water scarcity issues across the globe. In addition, the increase in water consumption for industrial applications and the necessity to remove the pollutants found in seawater, groundwater, and drinking water is also responsible for favoring the market growth.
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However, the elevating reference of water-borne diseases and chronic diseases globally is also propelling the need for residential water treatment equipment in an upward direction.
On the flip side, the high cost of equipment and its installation is likely to obstruct industrial growth. But, the growing demand for advanced and energy-efficient water treatment technology coupled with the installation of smart meters are likely to offer lucrative growth opportunities for the market shortly. Still, the handling of aging water infrastructure is among the prime challenges faced by the industry.
However, the role of product certification for assuring safety and its performance along with the collaborations between private and government sector to accurately meet the demand for safe water serves to be the trendsetter, expanding the overall market size.
Residential Water Treatment Equipment Market Segmentation
The global residential water treatment equipment market is segmented on the basis of product type and regions. On the basis of product type, the market is categorized into POU and POE. Further, the regional segment is fragmented into North America, Latin America, Africa, Europe, Asia Pacific, and the Middle East.
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By Product Type
Residential Water Treatment Equipment Market Key Players
The global residential water treatment equipment market is dominated by 3M, EcoWater Systems, General Electric, Mitsubishi Rayon, Pentair, Affordable Water Treatment, Bergerson-Caswell, Eureka Forbes, Kent RO Systems, Koninklijke Philips, KITZ MICRO FILTER, Kurita Water Industries, Norlen’s Water Treatment, Ozone Pure Water, Panasonic, Pargreen Process Technologies, Pure Water Technology, and Safe Water Technologies.
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