Point-of-Entry Water Treatment Systems Market Trends

  • Report ID: 3819
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Point-of-Entry Water Treatment Systems Market Trends

Growth Drivers

  • Increasing Demand for Drinking Water – The rapidly growing need for clean and safe drinking water to prevent the transmission of diseases such as cholera, diarrhea, dysentery, and others is forwarding the need to install water purification systems, promoting market growth.

Moreover, the widespread of urban settlements and the rise in efforts to eliminate the supply of contaminated water together with surging installations of water and wastewater treatment plants are further projected to contribute numerous growth opportunities to the market.

  • Rising Government Emphasis on Clean Water – The increasing implementation of several national and global initiatives in adherence with Sustainable Development Goal 6 that advocate "clean water and sanitation for all" is augmenting the installations of large water treatment plants to distribute clean water to the masses.

The increasing efforts to strengthen the water treatment infrastructure at several levels, including municipal water plants, individual buildings, and households are projected to drive point-of-entry water treatment systems market expansion.

Challenges

  • High Cost of Operation & Maintenance – POE water treatment systems are most efficient for large projects and such adoption elevates the overall cost of operation and maintenance, hampering the market growth.
  • Availability of Alternate Water Treatment Methods
  • Lower Adoption Rate by Smaller Projects & Properties

Point-of-Entry Water Treatment Systems Market: Key Insights

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

5.9%

Base Year Market Size (2024)

USD 10.14 billion

Forecast Year Market Size (2037)

USD 21.36 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Rajrani Baghel


  • Report ID: 3819
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of point-of-entry water treatment systems is evaluated at USD 10.62 billion.

The point-of-entry water treatment systems market size was valued at USD 10.14 billion in 2024 and is set to exceed USD 21.36 billion by 2037, expanding at over 5.9% CAGR during the forecast period i.e., between 2025-2037. The rising population and the increasing need for uncontaminated water for usage and consumption will drive the market growth.

Asia Pacific industry is expected to account for largest revenue share of 36% by 2037, owing to increasing government emphasis in emerging economies like India to provide safe drinking water is counted to expand the usage of water treatment technologies like ultrafiltration and reverse osmosis solutions.

The major players in the market include Canature Environmental Products Co., Ltd., Acuva Technologies Inc., The DOW Chemical Company, 3M Company, Pentair PLC, Honeywell International Inc., Best Water Technology AG, Calgon Carbon Corporation, Culligan International, Danaher Corporation
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