Global Point of Use Water Treatment Systems Market to Reach $37.5 Billion by 2030
The global market for Point of Use Water Treatment Systems estimated at US$22 Billion in the year 2023, is expected to reach US$37.5 Billion by 2030, growing at a CAGR of 7.9% over the analysis period 2023-2030. Countertop Units, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$17.1 Billion by the end of the analysis period. Growth in the Under the Sink Filters segment is estimated at 7.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 12.1% CAGR
The Point of Use Water Treatment Systems market in the U.S. is estimated at US$5.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2030 trailing a CAGR of 12.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.5 Billion by the year 2030.
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