Dublin, Feb. 22, 2024 (GLOBE NEWSWIRE) -- The "Residential Water Treatment Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
Advancements in technology and heightened consumer awareness for clean drinking water are key contributing factors to the significant growth of the Global Residential Water Treatment Devices Market. As detailed in a recent research publication, this dynamic market indicates robust development and a promising forecast from 2018 to 2028.
The comprehensive analysis reveals that a slew of factors, including growing health awareness and water contamination concerns, are propelling the market forward. With technological innovations at the forefront, devices such as those equipped with Reverse Osmosis technology have seen substantial adoption due to their efficiency in removing contaminants and delivering high-purity water.
Consumer Demand Trending Towards Customization and Smart Technology Integration
The surge in market growth is also attributed to the increasing demand for customizable and user-friendly water treatment solutions. This has encouraged continuous product innovation, particularly in devices featuring smart technology for enhanced performance tracking.
Point of Use Devices Leading the Product Type Segment
Point of Use devices have been identified as market favorites, poised to dominate the market due to their easy installation, cost efficiency, and targeted purification capabilities. This makes them highly attractive to consumers seeking practical and effective home water treatment solutions.
Online Sales Reinforcing Market Dominance
The distribution landscape has been revolutionized by the emergence of online sales platforms. They have significantly increased market reach, allowing consumers to easily compare and purchase advanced water treatment systems.
North America as a Market Leader
Region-wise, North America warrants special mention for dominance in the market, a testament to its stringent water quality regulations, technological innovation, and consumer purchasing power.
Environmental Sustainability as a Key Consumer Consideration
Sustainability trends are influencing market dynamics, with a notable shift toward eco-friendly and energy-efficient water treatment solutions. This reflects a broader consumer preference for products that have minimal impact on the environment without compromising on quality and efficiency.
In a competitive landscape, the report details the actions and growth strategies of key market players, underscoring their commitment to innovation and consumer needs. Companies are increasingly focused on providing high quality, certified water treatment solutions to meet the stringent regulatory standards and consumer expectations.
The Global Residential Water Treatment Devices Market is on a robust growth trajectory, with technological advancements and consumer health consciousness at the helm. The market's evolution is anticipated to continue as access to clean and safe drinking water remains a priority for households worldwide.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $14.19 Billion |
| Forecasted Market Value (USD) by 2028 | $18.49 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Report Scope:
In this report, the Global Residential Water Treatment Devices Market has been segmented into the following categories:
Residential Water Treatment Devices Market, By Product Type:
- Point of Entry
- Point of Use
Residential Water Treatment Devices Market, By Technology:
- Ultraviolet Light
- Ion Exchange
- Granular Activated Carbon
- Reverse Osmosis
- Others
Residential Water Treatment Devices Market, By Distribution Channel:
- Mass Merchandisers
- Home Centers
- Dealers & Plumbers
- Online
- Others
Company Coverage:
- Culligan International, Inc.
- Aquatech International Corporation
- Pentair plc
- Hach Company
- 3M
- Siemens AG
- Honeywell International Inc.
- Eversys Group
- GE Water & Process Technologies
- Veolia Environmental Services SA
For more information about this report visit https://www.researchandmarkets.com/r/4pmpwr
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
