According to a new market report published by Lucintel, the future of the water treatment system market looks promising with opportunities in the residential and non-residential construction sectors. The global water treatment system market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are rising contamination of water, increasing industrialization, stringent government regulations regarding water treatment to reduce water pollution, and increasing residential and non-residential construction activities.
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Water treatment refers to the treatment of water to make it suitable for end users. In this market, water softeners, reverse osmosis systems, distillation systems, disinfection methods, and filtration methods are the major technologies used for water treatment. Lucintel forecasts that filtration method will remain the highest growing technology segment over the forecast period due to increasing construction activity in the residential sector.
Within this market, residential will remain the largest end use segment over the forecast period due to increasing population and rising microbial and chemical contamination in the surface water source.
Asia Pacific will remain the largest region over the forecast period due to increasing water-borne diseases and rapid industrialization in the region.
DOW, Honeywell, 3M, Danaher, Pentair, Ballast Water Technology (BWT), Calgon Carbon, Culligan, General Electric, and Watts Water Technologies are among the major suppliers in the global water treatment system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global water treatment system market by technology, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Water Treatment System Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global water treatment system market by technology, end use, and region as follows:
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Water Softeners
Reverse Osmosis Systems
Distillation Systems
Disinfection Methods
Filtration Methods
Others
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential
Non-Residential
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.