$32.7 Bn Point-of-Use Water Treatment Systems Market - Global Forecast to 2023

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Dublin, Feb. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.

The global point-of-use water treatment systems market is projected to reach USD 32.67 billion by 2023, at a CAGR of 10.41% from 2018.

The point-of-use water treatment systems market has been growing owing to the increasing demand for clean drinking water, growing awareness about the benefits of water treatment, and technological innovations in the water treatment industry.The market in the Asia Pacific region is projected to dominate the global point-of-use water treatment market for the period between 2018 and 2023. This is mainly due to an increase in awareness about the benefits of water treatment in developing nations. Additionally, an increase in water contamination and the shortage of clean drinking water supply have led to an increase in the demand for point-of-use water treatment systems.The global market for point-of-use water treatment systems is dominated by key players such as 3M (US), Honeywell International Inc. (US), Pentair PLC (UK), and Panasonic Corporation (Japan). Other players in this market include Unilever PLC (UK), LG Electronics Inc. (South Korea), Coway Co Ltd. (South Korea), BWT AG (Austria), and Alticor Inc. (US).

Intense competition in the market has led to the adoption of strategies such as new product launches, mergers & acquisitions, and partnerships & expansions by market players to retain their market share.

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Globe Newswire: 15:50 GMT Monday 11th February 2019

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