Water treatment systems market worth $5.69B by 2020, report finds

Oct. 9, 2015
The report, "Water Treatment Systems Market by technology by Application - Global Forecast to 2020," defines and segments the water treatment systems market with analysis and forecasting of global revenue.  
Oct. 9, 2015 -- The report, "Water Treatment Systems (PoE) Market by technology (Water Softeners, Filtration Methods, Reverse Osmosis, Distillation Systems, Disinfection Methods and Others), by Application (Residential and Non-Residential) - Global Forecast to 2020," defines and segments the water treatment systems market with analysis and forecasting of global revenue.
The segmentation considered for this report is based on technology, application and region. On the basis of technology, the market is segmented into water softeners, reverse osmosis systems, distillation systems, disinfection methods, filtration methods, and others. The filtration method segment is projected to witness the highest growth based on technology between 2015 and 2020. The applications of PoE include residential and non-residential. The residential segment accounted for the largest share of the total PoE market in 2014.

The PoE market is projected to register a CAGR of 8.52 percent from 2015 to 2020. Factors such as increasing water contamination, growing awareness about the importance of clean drinking water, and increasing construction activities drive the PoE market. However, high equipment cost acts as a restraint for the market. Scarcity of clean drinking water in developing and under-developed regions provides an opportunity to the PoE market to grow even further.

Leading players in the PoE market include 3M Company, Honeywell International Inc., Dow Chemical Company, Pentair plc (U.K.), Calgon Carbon Corporation, Danaher Corporation, and Best Water Technology AG (Austria). One of the main strategies adopted by these companies is new product developments. The requirements of manufacturers to adhere to the standards set by governments for water treatment systems make it essential for them to continually invest in R&D activities for innovative solutions. Companies are adopting inorganic growth strategies such as acquisitions to cope with the increasing demand for PoE in key emerging markets. These strategies have helped companies to create a large customer and partner base in key markets.

###

Sponsored Recommendations

ArmorBlock 5000: Boost Automation Efficiency

April 25, 2024
Discover the transformative benefits of leveraging a scalable On-Machine I/O to improve flexibility, enhance reliability and streamline operations.

Rising Cyber Threats and the Impact on Risk and Resiliency Operations

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

April 25, 2024
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

SmartSights WIN-911 Alarm Notification Software Enables Faster Response

March 15, 2024
Alarm notification software enables faster response for customers, keeping production on track