April 21, 2022 12:06 ET | Source: Market Data Centre Market Data Centre
Pune, April 21, 2022 (GLOBE NEWSWIRE) -- A point-of-use water filter treats the water before it reaches a single tap and is mostly installed in kitchens, restaurants, cafes, hotels, hospitals, and airports to provide high-quality, clean, and healthy drinking water. Such systems use advanced filtration techniques including reverse osmosis and carbon filtration.Growing foodservice and hospitality industries, growing awareness among masses regarding water-borne diseases and tremendous aftermarket opportunities are among the primary factors that will drive market growth. Moreover, water has an effect on the taste of food & beverages served at restaurants and cafes, which encourages them to maintain the taste and purity of water.
The global Point of Use Water Filter Market is anticipated to reach a CAGR over 10.4% during the forecast period from 2022 to 2030.
Point of Use Water Filtration Market, By Region
The global point of use water filtration market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America stands to be among the leading markets for point of use filtration at the global level, accounting for a share of over 34% in 2018. Increasing awareness regarding the safety of drinking water, rising adoption of point of use water filtration systems by leading foodservice chains and the extensive presence of local as well as international players driving aftersales opportunities are some of the key factors that will propel market growth.
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Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Point of Use (PoU) Water Filtration Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
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North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Point of Use (PoU) Water Filtration Market Dynamics, Covid-19 Impact on the Point of Use (PoU) Water Filtration Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Point of Use (PoU) Water Filtration Market Sizing, Analysis Tables
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All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Point of Use (PoU) Water Filtration Market report (25 Vendor Profiles)
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