This market research report presents a detailed analysis of the global residential drinking water treatment equipment market by application (ion exchange, filtration, disinfection, and others) and by geography (the Americas, APAC, and EMEA). Key vendors in this market are 3M, Culligan International Company, Ecowater Systems, GE Appliances, and Watts Water Technologies.
Technavio has released a new market research report on the global residential drinking water treatment equipment market, which is expecetd to grow at a CAGr of 10% between 2016 ad 2020. The stringent government regulations across various countries coupled with growing health concerns have boosted the need for drinking water treatment equipment. The common technologies available to purify contaminated water are filtration, reverse osmosis, electrodialysis (ED), ion exchange, disinfection, and aeration. Currently, the Americas dominate the residential drinking water treatment equipment market, owing to severe droughts and water shortages in states like California, Arizona and Texas.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Growing awareness and an increase in the demand for clean water is driving market demand for residential drinking water treatment equipment in countries like China and India. For instance, GE has developed technology which can provide safe water at an affordable cost and also improve production. Different combinations of technologies such as desalination, nanotechnology, and also the differently graded porous membranes are also being experimented with to treat water. Until such technologies can be implemented on a large scale, residential drinking water treatment solutions have to be implemented at an individual level,” says Vishu Rai, Lead Analyst, Energy, Technavio Research
The ion exchange segment dominates the drinking water treatment equipment market and is expected to grow at a CAGR of just over 10% by 2020. Some of the technologies used are ion exchanges, reverse osmosis and electrodialysis. The ion exchange process is very effective in removing contaminants like organic matter and heavy metals. Nearly 90% of radium, nitrates, selenium, cadmium, chromium, arsenic, barium, silver, and nitrates can be removed using the ion exchange process. Moreover, this is a suitable technology to remove radionuclides.
The key vendors in the global residential drinking water treatment equipment market include 3M, Culligan International Company, Ecowater Systems, GE Appliances, and Watts Water Technologies. The market is intensely competitive with major vendors like 3M and Culligan competing for market share on price, quality, and presence. There are a diverse number of local and international suppliers. These companies hold a dominant share of the market on the basis of brand equity, expertise, cost and prior experience. Due to rapid advances in technology, frequent changes in government water quality standards, and changing consumer preferences, equipment manufacturers can look forward to higher opportunities for growth and market share.
A more detailed analysis is available in the Technavio report, Global Residential Drinking Water Treatment Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
