Portable water purification systems: Key market research findings
- Demand for water purification in developing countries drives market growth
- Residential segment is the dominant shareholder in the market
- Key vendors – GE Water, Pall, RWL water, Veolia, and Watts
Technavio’s market research analysts predict the global portable water purification systems market to grow at a CAGR of around 10% between 2016 and 2020. The rising demand for water purification in developing countries is the primary driver for growth in this market. The growing need for safe water in developing countries is one of the key reasons for the increase in demand for water treatment equipment across the globe. Very few people in various developing countries in APAC, Africa, and the Middle East have access to potable water. Furthermore, several developing countries such as China and India face difficulties in the treatment and discharge of wastewater safely. During 2015, the APAC region accounted for more than 41% of the overall market share to dominate the global portable water purification systems market. The market in this region is flourishing due to the growing concern over potable water purity spurred by an underdeveloped public water supply system.
The new market research report from Technavio presents a breakdown and analysis of the portable water purification systems segments based on end-user.
“Growing concerns about the depletion of freshwater resources is an ongoing trend in the market. Freshwater resources are depleting rapidly because of the extensive extraction of water from aquifers. The rate of removal of water from the underground source is higher than the rate of it being replenished, resulting in numerous instances of severe groundwater depletion in regions such as South and Central Asia North America, Australia and the Middle East. For instance, in the Ogallala aquifer in the US, water levels have fallen to such a low level that the wells no longer can generate water,” says Vishu Rai, Lead Analyst, Energy, Technavio Research.
The residential segment occupied over 72% of the market space to become the dominant shareholder in the portable water purification systems market globally. The point of use water purification systems is used in areas that lack water infrastructure. These systems effectively remove particles and microbial contaminants such as bacteria and viruses. The growing awareness about health issues caused by chemical and non-gaseous form of chlorine is expected to propel growth in the residential portable water purification systems market during the forecast period.
The key vendors in the global portable water purification systems market include GE Water, Pall, RWL water, Veolia, and Watts. The market is characterized by the presence of established vendors; however, the local vendors are more prominent in several regions. Many local and regional vendors provide substantially good quality storage devices at lower prices than the international suppliers, which has intensified the competition in the market. The market will witness the entry of several new players during the forecast period.
A more detailed analysis is available in the Technavio report, Global Portable Water Purification Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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