Report Overview

Global Residential Water Treatment Market is flourishing owing to the rising demand for energy-efficient advanced water treatment technology, lack of freshwater resources, and to avoid waterborne diseases...

Global Residential Water Treatment Market - Industry Trends & Forecast Report 2028

Global Residential Water Treatment Market was worth USD 21.38 billion in 2021 and is further projected to reach USD 34.29 billion by the year 2028, exhibiting a CAGR of 7.1% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the People's preference for standard drinking water growing in emerging countries. Also, people are becoming more aware of the risks associated with drinking impure water, such as rising cases of water-borne diseases, which is expected to drive growth in the Global Residential Water Treatment Market. Furthermore, the rising penetration of various residential water purifiers in developing countries, as well as the emergence of advanced and innovative water purifiers, are expected to drive demand for residential water treatment systems globally during the forecast period (2022-2028).

Residential Water Treatment - Overview

Any procedure that enhances the quality of water to make it suitable for certain end-user is referred to as water treatment. The final use could be for drinking, irrigation, maintaining river flow, water enjoyment, or a variety of other things, including being securely disposed of back into the environment. Additionally, residential water treatment is the treatment carried out at the area of water collection or usage as opposed to a large, centralized location. This enhances water quality and lowers diarrheal illness. Four common types of water treatments are water filtration via reverse osmosis, Distillation, UV water filtration, and sterilization,

Global Residential Water Treatment Market Forecast and Trends

Growth Drivers

Rising Demand for Pure Quality Drinking Water

The greatest water challenge facing the world is the pollution of surface and groundwater supplies from industrial, domestic, and agricultural sources. Urbanization has long been known to have a detrimental effect on water quality in general. Freshwater resources supply almost all of the drinking and agricultural water required, hence the declining water quality index of these resources is a major cause for concern. Contrary to biological contamination, chemical pollution has no direct impact on human health; however, it causes accumulation in the body and has negative repercussions. To ensure the consumption of water with a high water quality index, customers are increasingly choosing water treatment equipment such as water treatment devices in the residential sector. This element is enhancing the development the growth of the market.

Increased Emphasis on Health and Hygiene

Health and safety have become crucial customer issues in the wake of the COVID-19 pandemic. More businesses are marketing their goods to offer improved safety and cleanliness. Some nations, like Singapore, Taiwan, Hong Kong, and Japan, are experiencing an increase in demand for alkaline ionizers. In South Korea, businesses encourage the use of stainless steel pipes to lessen internal rust, corrosion, and contamination. These pipes also have a push button that, when pressed, sterilizes the flow pipe for a certain amount of time. All these factors boost the growth of the Global Residential Water Treatment Market during the forecast period (2022-2028). 

Increasing Diseases due to Water Contamination

Globally, consumers are extremely concerned about their health and demand safe drinking water. The world consumes large amounts of water daily, with lakes, reservoirs, and rivers providing more than 60 percent of the drinking water. Gallons of treated water is wasted and occasionally polluted by various microbes and algae. According to the World Health Organization (WHO), contaminated water can spread illnesses like cholera, typhoid, polio, dysentery, diarrhea, and dysentery. According to estimates, polluted drinking water contributes to 485 000 fatalities from diarrhea each year. Demand is anticipated to stay strong throughout the forecast period as a result of the increase in these diseases.

Surging Demand for Metal-Free Friction Materials

Residential water treatment is extremely important for the purification of water. Water filter sales are anticipated to increase. Concerns include rapid industrialization and declining water quality. Due to greater awareness of the need for water filters and the health problems brought on by consuming contaminated water, the market value of water filters has increased. For a fair price, water filters can be obtained. As a result, end consumers won't need to make a big financial commitment. As a result, it is anticipated that throughout the projection period, demand for residential water filters would rise globally. All these factors boost the growth of the Global Residential Water Treatment Market during the forecast period (2022-2028).

Restraints

Discrepancy in Effectiveness

The unpredictability of regulatory actions regarding these devices puts the market's upward trend in jeopardy. Because no health department or body has jurisdiction over water treatment equipment, the discrepancy in effectiveness is highlighted. The National Sanitation Foundation (NSF), a nonprofit organization that analyses products used to filter water, issues an NSF seal to those who pass the test. The industry is in a state of flux because testing is optional and there are no standards or rules in place for the installation and use of these devices. Consumers are becoming more aware of the benefits and authenticity of products in every industry, and manufacturers are keeping a tighter eye on false advertising, which has somewhat offset the negative effects on the market for residential water treatment systems.

Impact of COVID-19 on Global Residential Water Treatment Market

People are more concerned about their health during the COVID-19 pandemic and are taking extra precautions to ensure their safety. In addition, the work-from-home culture has increased the demand for point-of-use water treatment systems in the residential sector. However, the high installation, equipment, and operation costs are the primary impediment to the market's growth. Because of health concerns, rising demand for high-quality drinking water, and increased customer access to point-of-use devices through retail channels, the point-of-use water treatment systems industry is expanding overall. Companies are focusing on manufacturing environmentally friendly point-of-use water treatment systems in response to stringent government regulations imposed by various countries.

Global Residential Water Treatment Market - By Device

Based on the device, the Global Residential Water Treatment Market is segmented into Tabletop, Faucet-Mounted, Countertop, and Others. Among these, countertop accounts for the largest share in the Global residential water Treatment Market. Counter-top filters are also referred to as on-counter filters. These filters are mounted on the counter and are directly linked to the faucet. They include a diverter that allows users to choose between unfiltered and filtered water. Countertop units use reverse osmosis and activated carbon technologies. Bacteria, dirt, chlorine, particulates, rust, lead, mercury, sediment, copper, benzene, cadmium, and cysts are all reduced by these filters. Counter-top units have the major advantage of not requiring frequent filter changes. They do, however, necessitate some plumbing. Unlike pitcher water filters, countertop units do not chill water. All these factors propel the growth of the Global Residential Water Treatment Market during a forecast period (2022-2028).

Global Residential Water Treatment Market – By Technology

Based on technology, the Global Residential Water Treatment Market is segmented into RO, Ultrafiltration, Distillation, Disinfection, Filtration, and Others. The market for Global Residential Water Treatment is expected to be dominated by RO (reverse osmosis). Reverse osmosis is a method of producing pure water by passing water through a semipermeable membrane, which separates inorganic minerals (such as radium, sulphate, calcium, magnesium, potassium, sodium, nitrate, fluoride, and phosphorous), organic compounds (including pesticides), and other impurities from water. Reverse osmosis systems are typically combined with a mechanical and activated carbon filter. The mechanical filter removes sand and large particles first, and after passing through the RO unit, the water is moved through the activated carbon filter to remove organic compounds. RO water purifiers come in a variety of styles, including wall-mounted models. RO water purifiers come in a variety of sizes and shapes, including wall-mounted, tabletop, under-the-sink, and under-the-counter models.

Global Residential Water Treatment Market - By Application

Based on application, the Global Residential Water Treatment Market is segmented into Residential Buildings/Apartments, Individual Housing, Villas, and Others. The residential sector is expected to be the largest segment of the Global Residential Water Treatment Market. The residential application is primarily concerned with the use of water treatment systems to generate potable water for domestic consumption. Because of the growing demand for treated drinking water, removal of unpleasant taste, odor, and discoloration, suspended solids, biodegradable organics, and pathogenic bacteria, the residential water treatment application is expected to grow rapidly.

Global Residential Water Treatment Market - By Region

Geographically, the Global Residential Water Treatment Market is segmented into North America, Europe, The Asia Pacific, Latin America, The Middle East and Africa. Among these, the APAC region holds the greatest market share. China, India, and ASEAN nations are the key drivers of residential water treatment system demand in APAC because they are concerned about treated water, rapid urbanization, and economic growth. These nations' expanding populations offer a sizable customer base. Increased governmental and private sector investments, rising population, expanding economy, and high disposable income all support the expansion of these businesses.

Competitive Landscape

The leading market players in the Global Residential Water Treatment Market are A.O Smith Corporation, Kent Supreme, Eureka Forbes, Panasonic, Aqua Care, 3M, Aquasana, Waterwise Inc, Everpure, GE Appliances, and other prominent players.

The Global Residential Water Treatment Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• In July 2019, Pentair entered into a definitive agreement to acquire Pelican Water Systems. Pelican Water Systems provides residential water treatment systems. The addition of Pelican Water Systems will strengthen Pentair’s business by offering new growth opportunities through its innovative products and multi-channel approach. This strategy is expected to provide more options to consumers to buy water treatment solutions. Through this acquisition, the company expands its core water treatment products in the residential home water business.

Scope of the Report

By Device

• Tabletop
• Faucet-Mounted
• Countertop
• Others

By Technology

• RO
• Ultrafiltration
• Distillation
• Disinfection
• Filtration
• Others

By Application

• Residential Buildings/Apartments
• Individual Housing
• Villas
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa