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Residential Water Treatment Market to Witness an Upsurge Due to Rising Unprecedented Water-borne Diseases

The Global Residential Water Treatment Market is projected to grow at a CAGR of around 5.26% in the forecast period of 2023-28, cites MarkNtel Advisors in their recent research report. Rising health awareness of consumers owing to increasing initiatives by governments globally to improve the socio-economic conditions of their economies is the major factor driving the global market.

A surge in the number of waterborne diseases owing to a rise in the level of water contamination of freshwater resources such as lakes, reservoirs, and rivers that provide 60% of drinking water caused due to surging water pollution is raising the demand for safe & clean water. Also, the rise in global temperature due to climate change is increasing the risk of waterborne diseases, as in the case of extreme events like floods & sea-level rise, water can get contaminated due to the presence of fecal-oral pathogens in the environment.

Moreover, the demand for safe water & water treatment soared in an effort to reduce the spread of the COVID-19 pandemic. This has upscale the sales of the products, which are promoted as clean & safe to use, such as stainless steel pipes that are further promoting the Water Treatment market. Thus, the high prevalence of waterborne diseases caused by rising temperatures, combined with increased health awareness in the aftermath of the COVID-19 pandemic, are the major factors expected to drive demand for water treatment systems during the forecast period, reveals MarkNtel Advisors in their research report, “Global Residential Water Treatment Market Analysis, 2023."

Reverse Osmosis to Witness Substantial Growth in the Global Market

Based on the technology, the market is divided into Reverse Osmosis (RO), Ultraviolet, Mechanical Filters/Carbon Filters, and ION Exchange. Among them, Reverse Osmosis technology is estimated to observe steady growth in the Global Residential Water Treatment market during the forthcoming period. This growth is attributable to various benefits involved in using the technology compared to other types of water treatment technologies. The direct connectivity of reverse osmosis to the faucet provides the ease of not refilling the tank, making it user-friendly. Also, the technology can be used at almost every scale, from wastewater treatment at a large scale to water filtration in a home at a small scale, positively affecting the revenue of the market.

Moreover, reverse osmosis can remove a large number of minerals & contaminants such as sodium, sulfate, calcium, mercury, lead, arsenic, fluoride, and chloride. High involvement of these contaminants in water can cause neurological & behavioral disorders, cancer, skin lesions, etc. The high prevalence of such diseases, especially in the least developed countries of Africa & Asia, coupled with the budget-friendly cost, is raising the demand for purification systems with reverse osmosis.

Residential Apartments to Account for High Market Share  

Based on end-user, the market is bifurcated into Residential Apartments & Individual Landed Houses. Of them, the Residential Apartment is expected to be the prominent source of demand for water treatment systems in the global market. The introduction of residential projects to fulfill the housing need of the growing population with increasing consumer preference for safe & clean water is creating avenues for the growth of the residential apartment water treatment systems.

Additionally, the rising adoption of the water treatment facilities such as sewage, water treatment plants, and bore water treatment plants by residential apartment builders to fulfill the regulations laid out by various municipal corporations is further estimated to escalate the demand for residential water treatment systems in the upcoming years.

Asia-Pacific to Dominate the Global Residential Water Treatment Market

In previous years, Asia-Pacific dominated the Global Residential Water Treatment market. The presence of countries with high population growth, such as India & China, as well as rising disposable income in nations like Singapore & Australia, is gaining traction for water treatment facilities as the number of residential units inflates.

Furthermore, waterborne diseases such as typhoid, dysentery, etc., are prevalent in the area. Besides, Southeast Asia is considered a hotspot for climate change, which exacerbates the region's disease situation. Hence, rapid urbanization & the rise in the number of waterborne diseases is projected to raise the demand for residential water treatment facilities in Asia-Pacific during the forecast period.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including A.O Smith Corporation, Unilever, Kent Supreme, Eureka Forbes, Panasonic Corporation, Whirlpool, Aqua Care, 3M, Waterwise Inc, Aquasana, GE Appliances, BWT, Pentair are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends that have shaped the industry to its current form?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition shaped across various regions, followed by their comparative factorial indexing?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?