The residential water treatment devices market is estimated to secure a valuation of USD 14,220.6 million in 2023 and is predicted to reach USD 23,721 million by 2033. The market is registering a CAGR of 5.2% during the forecast period.
The market is driving due to several factors, such as:
High Cost of Maintenance and Alternate Sources Decline the Market Growth
The market has various restrain factors that may decline the growth, including:
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.2% |
| Market Valuation (2023) | USD 14,220.6 million |
| Market Valuation (2033) | USD 23,721.0 million |
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The market was grown significantly at a moderate pace between 2018 and 2022. The factors driving the market include growing waterborne disease concerns and increasing consumer demand for fresh and clean water. According to Future Market Insights, the market was valued at USD 11,794.2 million with a CAGR of 3.6% in 2018 and is projected at USD 23,721.0 million by 2033.
Asia Pacific is a significant growing region due to its rapid urbanization, rising population, and industrialization. Due to the increasing concerns about wastewater and excess water use, the manufacturers have developed water purification devices for residential uses. These devices help to recycle and reuse the quantity of water without any excess wastage.
Based on product type, water filters are anticipated to lead the global residential water treatment devices market by capturing a CAGR of 4% by 2033. The growing awareness of water filters for water purification and the causes of contaminated water fuel the demand for water filters.
Manufacturers and key companies are developing these water filters at a reasonable price for their consumers. Consumers do not have to spend a huge amount on these water filters. Therefore, the demand for water filters is rapidly increasing in the market growth in the coming years.
Based on the price range, consumers prefer to buy mid-range residential water treatment devices. This device is anticipated to collect a CAGR of 5%, with steady growth in the market by 2033. Consumers are looking for budget-friendly water treatment devices, with the availability of types of variants surging the market expansion.
Based on installation type, the point-of-use is leading the global market by capturing a CAGR of 6% by 2033. The contractors or municipality installed point-of-entry devices at the main water line to provide water for residential uses. The growing demand for clean and fresh water is increasing the adoption of this segment.
The increasing supply of contaminated water in residential is rising the installation of point-of-use. It is an essential process that provides water after treating its level of quality to residential complexes or buildings.
Based on sales channels, online retailing is dominating the global market by registering a CAGR of 6% by 2033. The growing technology, such as the Internet of Things, is increasing sales on the online platform. Consumers prefer to buy these products on a budget through online retailing compared to offline channels.
The key players launching their new products by collaborating with e-commerce websites are expanding the market. The manufacturers are strengthening their market by selling their products online during the forecast period.
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The United States residential water treatment devices market is estimated to lead the global market by capturing a maximum share of 18% by 2033. Consumers are growing concerned about a healthy life with the rising demand for clean and pure drinking water in the country. The United States uses more than 50 million gallons of water. The drinking water for consumers comes from various sources such as rivers, lakes, and reservoirs.
The United States consumers receive around 50,000 community water systems for drinking purposes nationwide. The government of the United States installed miles of pipelines for fresh drinking water. In the United States, around 6 to 7 gallons of water are wasted or polluted for different purposes such as cleaning, washing, and excess uses. These factors are anticipated to rises the demand for residential water treatment devices in the United States.
Germany is one of the significant nations in the global market, securing a relevant share of 5.3% by 2033. The rising groundwater and surface water pollution increase the demand for water testing devices in Germany. The major problem behind water pollution in the country is phosphorous and nitrates from fertilizers widely used in agriculture.
The rising water purification system and treatment devices with advanced water treatment apps are fueling the market growth in the country. German government launched several regulations for water protection, such as anti-pollution legislation and water waste taxes.
Due to these regulations, consumers can save water and use it accordingly without waste. Overall, water treatment's growing popularity is surging Germany's residential water treatment devices market in the coming years.
China is one of the significant nations in the Asia Pacific region that is anticipated to capture a share of 6.4% by 2033. The growing population, urbanization, and rising contaminated water are increasing the adoption of residential water treatment devices. The rising industrial, agricultural, and human hazardous waste is surging China's residential water treatment devices during the forecast period.
China is concerned about groundwater waste in 90% of cities in the country. China's government takes initiatives to reduce water waste and maintain water quality through these treatment devices. The water gets contaminated in rural areas for washing near the river, cleaning, and other industrial complexes. These factors continue to expand China's residential water treatment devices market in the coming years.
India is another nation in the Asia Pacific region that is estimated to collect a share of 12.0% by 2033. In India, around 70% of surface water is unsafe for human consumption, rapidly increasing the adoption of water testing devices. Nearly 40 million litres of water are from rivers, dams, and other sources to provide consumers with clean water.
According to a report by Indian Water Portal, diseases spread from contaminated water include typhoid, cholera, and viral hepatitis. These diseases cause mortality in several Indian states, including Uttar Pradesh, Odisha, and Bengal. The growing awareness of these diseases is increasing the country's sales of residential water treatment devices.
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The market is fragmented by the present players who invest their amount in research and development activities. These players are innovating unique and advanced products as per consumers' requirements. The players play a crucial role in market expansion through their marketing methodologies. Their marketing strategies are mergers, acquisitions, agreements, partnerships, and product launches.
Other Essential Players in the Market:
Recent Developments in the Global Residential Water Treatment Devices Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Germany |
| Key Segments Covered | Product Type, Installation Type, Sales Channel, Region |
| Key Companies Profiled | A.O. Smith Corporation; Kent Supreme; Eureka Forbes; Panasonic; Aqua Care; 3M; Aquasana; Waterwise Inc.; Everpure; GE Appliances |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 14,220.6 million in 2023.
Some key players in the market are Kent Supreme, Eureka Forbes, and Panasonic.
The market is anticipated to progress at a CAGR of 5.2% through 2033.
Based on product type, water filters are anticipated to lead the global residential water treatment devices market by capturing a CAGR of 4% by 2033.
Based on sales channels, online retailing is dominating the global market by registering a CAGR of 6% by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Anti-agglomerate (AA) Inhibitors 5.2. Kinetic Hydrate Inhibitors (KHIs) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Terrain Type 6.1. Onshore 6.2. Offshore 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. A.O. Smith Corporation 15.2. Kent Supreme 15.3. Eureka Forbes 15.4. Panasonic 15.5. Aqua Care 15.6. 3M 15.7. Aquasana 15.8. Waterwise Inc. 15.9. Everpure 15.10. GE Appliances 16. Assumptions & Acronyms Used 17. Research Methodology
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Residential Water Treatment Devices Market
