Global Point-of-Entry Water Treatment Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Point-of-Entry Water Treatment System is a treatment device used as an alternative to central treatment that is installed on a public water line or service connection to a house, building, or other facility for the purpose of reducing contaminants in the water distributed throughout the structure. POE water treatment systems are installed at the main water line where water first enters the home. This entry point is usually found in the garage, and POE systems are most commonly placed in front of the water heater to deliver purified hot and cold water to every tap in the home.
Market Overview:The latest research study on the global Point-of-Entry Water Treatment Systems market finds that the global Point-of-Entry Water Treatment Systems market reached a value of USD 7136.01 million in 2022. It’s expected that the market will achieve USD 9365.01 million by 2028, exhibiting a CAGR of 4.63% during the forecast period.
Influence of COVID-19 Outbreak on Point-of-Entry Water Treatment Systems Industry Development
Safety and government orders issued at the federal, state and local levels are the two main issues affecting point-of-entry water treatment systems manufacturing companies. There is no doubt that the manufacturing and installation of point-of-entry water treatment systems are severely affected by business closure orders, social distancing regulations, and limited local and state government office activities. PoE manufacturers still provide minimal labor for water treatment systems where they are allowed and safe. Due to the COVID-19 pandemic, growth is expected to fluctuate. The lack of labor, the chaotic supply of raw materials, social distancing laws, strict government regulations and insufficient demand are all affecting the point-of-entry water treatment systems market.
The COVID-19 pandemic will stimulate the world's demand for safer and cleaner water. This is likely to promote the realization of sustainable water development goals. However, the public health crisis is intensifying another trend-weakening trust in public facilities. Therefore, developers of global point-of-entry water treatment systems must significantly improve their communication and management practices.
Although COVID-19 has caused crises in various industries, COVID-19 is a rare healthy life education opportunity for the public, which greatly enhances people's health awareness. For the point-of-entry water treatment systems industry, this is an opportunity to increase household penetration. And in the future, it will play a positive role in promoting the development of health appliances such as point-of-entry water treatment systems.
During COVID-19, in view of strict shutdowns and import and export restrictions, sourcing raw materials for point-of-entry water treatment systems has become a key challenge. Restrict the import of point-of-entry water treatment systems, which will affect downstream consumption. The main brands of point-of-entry water treatment systems have been working hard to meet the demand, which has created new players in the market, so the competitiveness will become stronger. In addition, fluctuations in raw material prices are expected to curb demand for point-of-entry water treatment systems products to a certain extent.
The impact of the epidemic on the manufacturing industry is mainly reflected in time. The point-of-entry water treatment systems company was forced to stop production and the production plan was interrupted. From the processing of raw materials and parts to downstream companies, the entire industrial chain cannot be continued. Multinational customers will consider changing suppliers or switching to markets in other countries. Due to the company's suspension of production and production, it was unable to deliver products to foreign customers in accordance with the contractual quantity and quantity, which affected exports.
Growing water contamination
The growing water contamination has raised several concerns among the populace across the world. The increased industrial activities pollute the surface water with the addition of toxic chemical substances along with pathogens. These toxic chemicals present imminent threats to human health. The poor water treatment infrastructure at municipal water plants in many countries has increased the installation of point-of-entry water treatment systems in individual homes or buildings. Thus, the demand for water treatment systems is expected to grow in the next 5‐6 years.
Increasing concerns in emerging nations regarding safe drinking water
Large-scale water treatment plants comprising effective purification systems require huge capital. This factor has mainly affected the quality of water supplied to the citizens in the developing nations. Moreover, this is a major concern in areas where the population density is low. Thus, The installation of point-of-entry water treatment systems becomes necessary during initial stages of supply to a building. This factor has also promoted the development of the point-of-entry water treatment systems market.
Increasing urbanization
With economic advancement in emerging nations, the cities are becoming more populated. This economic development also resulted into increasing disposable income of the populace, thereby changing the lifestyle and eating habits of people. This has been changing the focus towards consumption of clean drinking water in residential areas as well as hotels, restaurants, and offices, among others and ultimately increased the sales of water filtration and disinfection equipment. Thus, urbanization is expected to increase the adoption of point-of-entry water treatment systems especially in emerging nations.
Region Overview:From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:3M Company is one of the major players operating in the Point-of-Entry Water Treatment Systems market, holding a share of 5.93% in 2020.
3M is a multinational integrated manufacturing company originated in the United States. It was established in 1902 and produces more than 55,000 products, including abrasive materials, adhesive tapes, mixtures, electronic products, display products, medical products, and household products.
Pentair plc is a global water company, delivering a range of smart, sustainable water solutions for residential, commercial, industrial, infrastructure and agriculture applications. The Company's solutions enable people, business and industry to access clean, safe water, reduce water consumption, and recover and reuse it.
Segmentation Overview:Among different product types, Reverse Osmosis Systems segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Residential segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Point-of-Entry Water Treatment Systems market covered in Chapter 3:AQUAPHOR
Best Water Technology
3M Company
Honeywell
Stevoor Group
Hunsdon
Danaher Corporation
Culligan International
Pentair plc.
GE Appliances
Midea
Acquabios
Prime Inventions GmbH
Qinyuan Group
Puretec
EcoWater Systems
Watts Water Technologies
APEC Water Systems
In Chapter 4 and Chapter 14.2, on the basis of types, the Point-of-Entry Water Treatment Systems market from 2018 to 2029 is primarily split into:Reverse Osmosis systems
Distillation systems
Disinfection methods
Filtration methods
Water Softeners
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Point-of-Entry Water Treatment Systems market from 2018 to 2029 covers:Residential
Commercial
Industrial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)