WORLD
Global water treatment market soaring
The global residential water treatment market was valued over USD12.5-billion in 2016.
A new analysis by Verify Markets shows that the global
residential water treatment market was valued over USD12.5-
billion in 2016.
This sector of the market is becoming increasingly
competitive and fragmented as companies compete in almost
every market, leading to price wars. There is confusion
among consumers since too many brands are offering various
technologies and price points, while Malaysia and South Korea
are primarily rental markets.
In 2016, some of the largest markets were the United
States, China, India, and South Korea, while China is the fastest
growing market and expected to record a compound annual
growth rate of 18.3%, followed by India at 13.0%. Poor water
quality, rising disposable incomes, and increasing awareness
are expected to drive these two fast-growing markets.
Analyst and global vice-president of Verify Markets, Shilpa
Tiku, says, “Reverse osmosis is the predominant technology
used in the point-of-use systems in both India and China.”
The detailed study provides data at a country level
and included in it are point-of-entry systems, point-of-use
systems, and pitchers. Data for replacement filters is provided
separately. Some of the key players in the market include
Culligan International Company, Ecowater Systems LLC, The
3M Company, Midea Group, Penta ir plc, Brita GmbH, Unilever,
and Panasonic Corporation. The base year for the study is 2016
and forecasts are provided to 2023. u
“A river is more than an amenity, it is a treasure. It offers a necessity
of life that must be rationed among those who have power over it.”
– Justice Oliver Wendell Holmes
Water Sewage & Effluent July/August 2017
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