New York , United States- Report Ocean published the latest research report on the Point-of-Entry Water Treatment Systems market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Point-of-Entry Water Treatment Systems market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.
The global point-of-entry (POE) water treatment systems market size was US$ 8904.7 million in 2021. The global point-of-entry (POE) water treatment systems market size is forecast to reach US$ 13233.3 million by 2030, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2030.
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A water treatment method makes water fit for use by improving its quality. The end-use may include drinking water, industrial water supply, irrigation, river flow maintenance, water recreation, and other applications. In order to treat water to achieve the above-stated purpose, water treatment systems go into use. It is a system made up of various technologies that address specific water treatment needs. A water treatment system designed to accommodate fluctuations in treatment needs will help avoid costly replacements and upgrades in the future.
A lot of countries have a poor infrastructure for water treatment at municipal water plants, which increases the need to install point-of-entry water treatment systems in individual homes or buildings. Therefore, the global point-of-entry water treatment systems market is forecast to grow during the forecast period as the demand for these water treatment systems increases.
The growing number of real estate projects is likely to drive growth in the market for point-of-entry water treatment systems.
The need for effective water treatment systems is rising to prevent water-borne diseases, which is forecast to drive the growth of the overall market for point-of-entry water treatment systems.
In 2020, the COVID-19 pandemic had positively affected the residential applications segment. Several countries throughout the world adopted lockdown and travel ban restrictions in order to combat the COVID-19 virus. As a result, people had to stay in their homes, increasing the demand for residential point-of-entry water treatment systems. However, the commercial and industrial segments of the market suffered negative impacts from the partial or complete shutdown of almost all major sites worldwide. COVID-19 thus had a mixed impact on the global point-of-entry water treatment system market.
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The Asia-Pacific region led the point-of-entry water treatment systems market in 2021. As a result of rapid industrialization and urbanization, water pollution has increased in Asian countries. Furthermore, insufficient water treatment infrastructures at municipal water treatment facilities have led to the sale of household water treatment devices, especially point-of-entry systems in countries like China and India. In terms of revenues, India has the potential to grow rapidly. As disposable incomes rise, accessibility to water increases, as does interest in the provision of more and better drinking water, the demand for point-of-entry water treatment systems is expected to grow.
The leading prominent companies profiled in the global point-of-entry water treatment systems market are:
Best Water Technology (BWT) AG
The global point-of-entry water treatment systems market segmentation focuses on Product Type, Application, End-User, and Region.
Segmentation based on Product Type
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Middle East & Africa (MEA)
What are the key findings of the report? ?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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