The global water treatment systems market size is projected to be valued at USD 44.01 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Rising water pollution, along with growing awareness of a healthy lifestyle, is predicted to boost the market.
Increasing awareness regarding the importance of clean water and subsequently growing adoption of purifier systems is expected to boost the global market by 2025. Government regulations to safeguard supply of potable water are predicted to further enhance market growth over the forecast period.
Soaring demand for potable water and increasing investments to manufacture efficient water treatment units are also predicted to encourage market growth over the coming years. In addition, significant reduction in production costs and easy availability of these units will spur the market. Developing countries have been offering financial benefits to encourage the adoption of water treatment units.
The residential segment, which includes small and large homes, residential properties, and households, was worth USD 6.83 billion in 2016. The non-residential segment is expected to exhibit the fastest CAGR of 7.6% over the forecast period. This segment includes industrial units, commercial establishments, educational institutions, and healthcare, transport, and recreational facilities.
In terms of technology, distillation methods amounted to USD 3.60 billion in 2016 and the segment is predicted to witness robust growth over the forecast period. Enhanced capacity, affordable pricing, and higher efficiency are predicted to encourage the segment’s growth by 2025. In 2016, filtration methods accounted for 17.7% of the global water treatment systems market. High adoption of the technology, coupled with lower manufacturing costs compared to other prevailing technologies, is projected to segment growth.
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Further key findings from the report suggest:
- The U.S. water treatment systems market revenue is projected to expand at a CAGR of 3.3% over the forecast period. Favorable regulations, along with economic benefits offered by manufacturers and distributors of these units, are projected to enhance business growth by 2025
- The U.K. market, in terms of volume, accounted for 32.3 million units in 2016. Point of entry systems find greater adoption in the country, given the advanced sense of aesthetics prevailing among most customers
- The India water treatment systems market is expected to reach USD 3.64 billion over the forecast period. As of 2016, the country was among the largest markets in the region, coupled with having the second largest population in the world and widespread water contamination and pollution prevalent in the country.
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