The rising population, drastic climatic changes, and influx of immigrants are causing serious problem of water shortage in European countries such as Spain, Italy, and Turkey. The stringent European Union environmental regulations and surging investment in water-related projects are projected to place a significant impact toward the growth of Europe Residential Water Treatment market. Moreover, reduction in groundwater recharge, large-scale urbanization and industrialization, along with increase in water pollution levels are anticipated to strongly contribute toward the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “Europe Residential Water Treatment Market Analysis, 2020”, the Europe Residential Water Treatment market is anticipated to grow at a considerable CAGR during 2020-25. Based on Technology, Reverse Osmosis (RO) acquired the highest market share in 2019 as it eradicates pathogens, organic microorganisms, chemicals, TDS, and suspended solids. The rising adoption of RO water system in household for drinking and cooking is driving the growth of the market.
“Europe Residential Water Treatment Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Residential Water Treatment providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Point of Use Acquired the Significant Market Share
Based on Product Type, point of use acquired the significant market share in the Europe residential water treatment water market in 2019. The growth of the segment is attributed to the rising demand for clean drinking water, growing awareness among people the benefits of water treatment, and escalating levels of contamination at water bodies. Moreover, boosting technological innovation in the water treatment industry and growing concerns about waterborne diseases are expected to bolster the growth of the Residential Water Treatment Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Europe Residential Water Treatment Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Europe Residential Water Treatment market are Honeywell, Unilever, Brita, Best Water Technology, 3M etc.
Key questions answered in the study: