Residential water treatment devices are used to remove impurities by reducing the contamination level in water using a physical barrier, followed by processes of filtration and various others. Water treatment devices are used for various purposes, which majorly depends on the type of water. For instance, reverse osmosis system is most widely used for drinking water purpose. National Sanitation Foundation (NSF) is responsible for the certification of the different types of filters that are used to treat various types of waters.
Increasing awareness about water-borne illnesses such as typhoid, cholera, and diarrhea has resulted in the installation of home water treatment devices by consumers. Further, increasing purchasing power among the consumers is major factor fuelling the growth of water treatment devices market globally.
The high price of water treatment devices coupled with high installation costs for the same refrain price-sensitive consumers from installing such devices, which is one of the major factors hindering the growth of the market. However, the impact of this restraint is expected to minimize by the end of the forecast period due to increasing incidences of waterborne diseases. For instance, in 2016, approximately 130,000 cases of cholera and more than 2000 deaths were reported by the World Health Organization (WHO). Asia Pacific accounted for 15% of the reported cases while Africa accounted for more than 50% for the same. However, this is expected to minimize by the end of the forecast period.
Residential Water Treatment Devices Market Taxonomy:
On the basis of application, the Residential Water Treatment Devices market is segmented into:
On the basis of device type, the Residential Water Treatment Devices market is segmented into:
On the basis of Technology, Residential Water Treatment Devices market is segmented into:
On the basis of distribution channels, the Residential Water Treatment Devices market segmented into:
Residential water treatment devices Market Outlook:
Key players in the Residential Water Treatment Devices Market:
Some of the major player operating residential water treatment device market include The Dow Chemical Company, Honeywell International Inc., Panasonic Corporation, LG Electronics Inc., Best Water Technology (BWT Aktiengesellschaft), Danaher Corporation, Culligan International, Unilever PLC, Watts Water Technologies Inc., and Calgon Carbon Corporation.
Residential Water Treatment Devices Market Key Developments:
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