The global residential water treatment equipment market is observing significant growth as the number of cases regarding health risks, severe diseases and adverse environmental impacts is increasing at the global level. The growing concerns related to environmental and industrial pollution globally is enhancing the need for efficient water treatment equipment.
The diseases and occurrences of chronic diseases are increasing, particularly due to the negative impact of industrialization on water. In the present scenario, the prime sources of fresh water such as glaciers, municipal water systems, rivers, wells and lakes are polluted to a larger extent. Such contamination causes several diseases such as liver damage, cancer and other serious infections. The implementation of water treatment equipment is an industrial process of treating water in order to make it more usable for several purposes such as for drinking purposes, industrial and medicinal purpose. The polluted water is treated by several biological, physical, chemical and wastewater treatment.
Insight by Product
On the basis of product, the residential water treatment equipment market is categorized into point-of-use, and point-of-entry. Among these two-product categories, the point-of-use category is expected to hold the largest market share during the forecast period. It helps in the treatment of water for cooking and drinking purposes. It is compact and lower capacity systems installed at single water connections, especially under the kitchen sink or bathroom. The RO point-of-use systems generate potable water of the highest quality.
Increasing demand for high quality and clean water for cooking and drinking and increasing awareness regarding safe and reliable drinking water is fueling the growth of this segment.
Insight by Equipment
On the basis of equipment, the residential water treatment equipment market is categorized into membrane equipment, filtration equipment, disinfection equipment, thermal distillation equipment, and evaporators.
The increasing water demand and water security are the primary factors aiding towards the growth of the global residential water treatment equipment market. According to a recent study, it has been observed that the water scarcity is driven by two phenomena the growing freshwater use and the other is the depletion of usable fresh water resources. Water scarcity is contributed due to two mechanisms that include physical water scarcity and economic water scarcity. The physical water scarcity is the result of inadequate natural water resources to supply any particular region’s demand. Economic water scarcity is attributed towards the inefficient management of the sufficient available water resources.
The increasing significance of water reuse and desalination measures that are aimed at addressing the increasing need for safe and clean water is attributed towards the growth of the global residential water treatment equipment market. According to a report, it has been estimated that around 97% of the water on earth is not fit for human consumption. The ever-increasing global population and the subsequent focus on the industrialization along with the increasing demand from the agricultural sector are expected to enhance the growth of global residential water treatment equipment market.
The need to comply with the strict regulations related to water consumption is contributing towards the growth of the global residential water treatment equipment market. According to the norms, the developed economies are required to replenish the water and return the water that is used to make beverages back to the communities and nature. Thus, the essential nature of water and the heavily regulated marketplace is expected to represent positive factors for the water companies specifically in the developed regions.
The growing consumer interest in recycling and reuse of water is expected to create opportunities for the global residential water treatment equipment market. There are several awareness campaigns being organized by the environmental activists and NGOs that emphasize in conserving and saving of water. The environmentalists are increasingly emphasizing on water recycling methods which focuses on reusing treated wastewater for several other activities that include landscape and agricultural irrigation process, industrial processes, toilet flushing and replenishment of groundwater recharge. Thus, this recycling process is done by the implementation of residential water treatment equipment market to enhance its global demand.
Geographically, Asia-Pacific is the fastest growing market in residential water treatment equipment. The demand for this equipment is significantly increasing in this region as the region is affected by the water supply shortage. Additionally, the accelerating growth in the economies of developing countries such as China and India and increasing spending capability of the citizens of this country is contributing towards the increasing growth of the residential water treatment equipment market in the region. It has been observed that the government organization in Asia-Pacific are excessively instructing and guiding the people to adopt water treatment systems, which in turn, fueling the residential water treatment equipment market growth in the region.
Some of the key players operating in the global residential water treatment equipment industry include 3M Purification Inc., Calgon Carbon Corporation, Culligan International, Dow Water & Process Solutions, GE Water & Process Technologies, Groupe Novasep, H2O Innovation Inc., Hitachi Plant Technologies Ltd., Koch Membrane Systems, Kurita Water Industries, EMD Millipore, Mitsubishi Rayon Co. Ltd., Suez Environnement, Toray Industries Inc., Trojan Technologies, and Xylem, Inc.