Water consumption levels in Europe have been snowballing at an exponential rate due to the rising degree of residential construction activities. The residential construction domain in Ireland, Portugal, Spain, Poland, and the Czech Republic has been outpacing as compared to other countries in the region. Moreover, the European region is also witnessing ongoing migration and influx of immigrants in recent years. The water table in several European countries has been reducing at an exponential rate. According to the World Resources Institutes, the water stress in the countries such as Spain, Italy, Belgium, Greece, Estonia, and Portugal would exceed 80% by 2040 while the stress level is expected to be around 40% in the countries including France, the UK, Poland, Lithuania, Ireland thus, highlighting the grave need for water conservation and reuse.
The residential segmental consumption of water has been increasing manifold. Of the total water resources available for all industries in Europe, 12% of the water was available for households in 2019, an increase of around 1.5% in the past 3 years. In 2019, around 145 liters of water per person per day was supplied to households in Europe. Taking these factors into consideration, the water treatment equipment suppliers have been exploring numerous opportunities so as to tap the market potential.
According to the MarkNtel Advisors research report titled “Europe Residential Water Treatment Market Analysis, 2020, the regional market is expected to be a hotbed for the companies operating in the Residential Water Treatment market. The regional market is dominated by France, Germany, the UK, Italy, and Spain. In 2019, the point of use of water treatment solutions acquired a considerable market share in the European household sector. Despite the growing usage of multistage filtration, Reverse Osmosis (RO) Technology had a greater prevalence in 2019. RO technology is used to remove a large number of contaminants from water by pushing the water under pressure through a semi-permeable membrane. The same trend is set to prevail during the forthcoming years as well.
The market was dominated by several foreign and regional players including Honeywell, Unilever, Brita, Best Water Technology, 3M, etc. These companies are increasingly focusing on reducing the water rejection rate during the filtration by developing prototypes and actively commercializing zero waste technology filters.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Europe Residential Water Treatment Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Europe Residential Water Treatment Market during 2020-25?
A. The market size of Europe Residential Water Treatment Market during 2020-25 is forecast to be around XX%.
Q. Who are the key competitors or players operating in Europe Residential Water Treatment Market?
A. Honeywell, Unilever, Brita, Best Water Technology, 3M and few others are the leading players in the Europe Residential Water Treatment Market.
Q. Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompasses detailed region wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which consumption segment would emerge as an opportunity area for players in Europe Residential Water Treatment Market?
A. The residential consumption of water has been increasing manifold. Of the total water available for all industries in Europe, 12% of the water was available for households in 2019, an increase of around 1.5% in the past 3 years. In 2019, around 145 liters of water per person per day was supplied to the household in Europe.
Q. Which Residential Water Treatment type segment would emerge as an opportunity area for players in Europe Residential Water Treatment Market?
A. The point of use of water treatment solutions grabbed a considerable market share in the European household sector. The same trend is set to prevail during the forthcoming years also.
Q. Which technology segment would emerge as an opportunity area for players in Europe Residential Water Treatment Market?
A. Despite the growing usage of multistage filtration, Reverse Osmosis Technology had a greater prevalence in 2019. The same trend is set to prevail during the forthcoming years also.
