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MarketersMEDIA / Newsroom / The Global Residential Water Treatment Equipment Market is Estimated to Grow at a CAGR of 13.0% over the forecast period 2018-2023

The Global Residential Water Treatment Equipment Market is Estimated to Grow at a CAGR of 13.0% over the forecast period 2018-2023

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Rising concern over potable water purity and adverse environment impacts is anticipated to drive the growth of the global residential water treatment equipment market over the forecast period.

— The global residential water treatment equipment market is segmented into equipment type such as reverse osmosis, UV (ultra violet), faucet filters, gravity water filters and others. Among these segments, reverse osmosis is expected to grow at highest CAGR in overall global residential water treatment equipment market during the forecast period. Growing adoption of residential water treatment plants across the globe is believed to impetus the growth of the reverse osmosis segment over the forecast period.

Global residential water treatment equipment market is expected to flourish at a CAGR of 13.0% over the forecast period. Rising concern over potable water purity and adverse environment impacts is anticipated to drive the growth of the global residential water treatment equipment market over the forecast period. Moreover, increasing consumer interest in recycling and reuse of water is envisioned to strengthen the overall market of residential water treatment equipment over the forecast period i.e. 2018-2023.

Asia Pacific dominated the overall residential water treatment equipment market and is expected to continue its control over the forecast period. Further, rise in personal disposable income of the consumers is projected to shift towards the adoption of residential water treatment plant, which is expected to accelerate the growth of the market in the upcoming years. Apart from this, North America residential water treatment equipment market is anticipated to witness robust growth during the forecast period. Further, increasing awareness of smart water purifiers in the region such as U.S. and Canada is anticipated to positively impact the growth of the global residential water treatment equipment in North America.

Rising Adoption of Residential Water Treatment Equipment

Rising adoption of residential water treatment equipment due to adverse environment impacts and prevalence severe diseases is anticipated to positively impact the growth of the global residential water treatment equipment market over the forecast period. Moreover, increasing disposable income of the population is projected to drive the overall market of residential water treatment equipment over the forecast period.

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Advancement in Water Purification Technology

Advancement in water purification technology such as membrane filtration technology which comprises of low-pressure membrane systems and high-pressure membrane systems is expected to increase the growth of global residential water treatment equipment market. Further, rising population and rapid urbanization across the globe is anticipated to strengthen the growth of global residential water treatment equipment market.

However, high cost of advanced residential water treatment equipment system is likely to limit the growth of global residential water treatment equipment market over the forecast period.

The report titled “Residential Water Treatment Equipment Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global residential water treatment equipment market in terms of market segmentation by product type, by equipment type and by region.

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global residential water treatment equipment market which includes company profiling of Honeywell International Inc., Kinetico Incorporated, Water Techniques, U.S. Pure Water Corporation, Aqua-Win Water Corporation, McLeod’s EcoWater, The 3M Company, Aquasana Inc., Austin Springs and Watts Water Technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global residential water treatment equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Source URL: https://marketersmedia.com/the-global-residential-water-treatment-equipment-market-is-estimated-to-grow-at-a-cagr-of-13-0-over-the-forecast-period-2018-2023/377639

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Source: MarketersMedia

Release ID: 377639

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