Residential Water Treatment Market to Experience Increase in Growth by 2016-2024
Water is an essential need of every living organism on earth. Water which is available in reservoirs is not fit for the use in day-to-day life, may it be for drinking or other utilization due to the presence of chemicals, bio waste, parasites, and many other factors.
Sarasota, FL -- (SBWire) -- 04/26/2017 --Zion Market Research, the market research group announced the analysis report titled "Residential Water Treatment Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021"
Water is an essential need of every living organism on earth. Water which is available in reservoirs is not fit for the use in day-to-day life, may it be for drinking or other utilization due to presence of chemicals, bio waste, parasites, and many other factors. It is mandatory to get rid of impurities and purify the untreated surface or ground water. A water treatment plant is a huge setup for water purification which includes various processes such as filtration, sedimentation, and distillation, entirely depending on the type of primary process applied. Many consumers have installed secondary filtration equipment into their houses.
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Residential water treatment is broadly divided into two segments based on products as point of entry (POE) and point of use (POU). Point of entry devices are systems that are used for eliminating contaminants in water which is intended for washing, showering, and for all cleaning purposes. The POE segment is further sub-segmented depending on various treatment processes as water softeners, tank filtration system, and inline filtration. POU devices are used where the water is consumed. POU segment is further sub-segmented as gravity devices, RO units, UV units, and distillers. Of which, RO and UV equipments are witnessing high demand owing to their reliable solution for cleaning the impurities in global residential water treatment market. Based on the end-user, the global market is segmented as residential or non residential.
Degraded water quality at the source and rising awareness among consumers about the importance of the process and purification equipments are major factors driving the residential water treatment market. Rising population is the major reason for large-scale urbanization across the world, which in turn is leading to increased construction of residences, resulting in rising demand for water treatment industry. New product developments and technological mergers and acquisitions among the manufacturers are the key factors boosting the water treatment market. Consumers being more conscious about their health impacts the growth of the market. On the other hand, high cost and regular maintenance of these equipments may restrain the growth of the residential water treatment market.
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The Middle East is leading the residential water treatment market mainly owing to high number of migration resulting in increased demand for water purifiers. Europe and North America are anticipated to grow rapidly due to rising demand for disinfectant filters and filtration equipments. Asia Pacific is also projected to grow steadily in the coming years.
Some of the key players known for their products, services, and constant developments in the global market are KENT RO Systems Ltd., Eureka Forbes, Britannic Water Treatment Company W.L.L., Panasonic Corporation, LG Electronics, Pure It LLC, Waterlife, Coolpex Pure Water System, Ultra Tec Water Treatment LLC, and AQUA PRO UAE.
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Residential Water Treatment Market: Regional Segment Analysis
The Middle East and Africa
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