Global Water Treatment Systems Market
Water treatment refers to the treatment of water to make it suitable for specific end-uses such as drinking, irrigation, industrial water supply, and river flow maintenance. The increasing demand for clean water for drinking and industrial purposes has boosted the demand for water treatment systems. Water treatment systems make water more potable or useful through processes such as purification, softening, and deodorization.
Water treatment systems are usually installed at either point-of-entry or point-of-use. Water treatment technologies such as disinfection, filtration, distillation, reverse osmosis, water softening, adsorption, and electrolysis are commonly used to treat industrial, irrigation, drinking, and other water supplies. Among these, filtration is the most widely used water treatment technology at point-of-entry. At point-of-use, reverse osmosis is an effective water treatment technology. Water treatment devices such as faucet-mounted filters, under-the-sink filters, countertop units, and tabletop pitchers are used to treat water at point-of-use.
Global Water Treatment Systems Market: Overview
Water scarcity is fast emerging as a crisis due to the rise in population and rapidly growing industrial activities. In a recent report, the World Bank has stated that water scarcity might reduce GDP by 6% across some economies. According to the United Nations Department of Economic and Social Affairs, about 1.2 billion people across the world live in areas affected with water scarcity. Another 1.6 billion people face economic water shortage. These factors have augmented the global water treatment systems market. Rise in industrial activities and growing water contamination have further necessitated the treatment of water to make it fit for end-use purposes. However, the high cost of water treatment systems is expected to hinder the growth of the market in the next few years. The rising scarcity of clean drinking water in under-developed and developing regions provides a growth opportunity for the global water treatment systems market.
Demand for water treatment systems is increasing rapidly in the residential sector. The commercial and industrial sectors employ large amount of water for various purposes and thus require water treatment systems; however, the residential sector contributes significantly toward the growth of the global water treatment systems market, as drinking water is the key priority for the population. Lack of adequate potable water in the residential sector is driving the market for water treatment systems.
Global Water Treatment Systems Market: Region-wise Outlook
The global water treatment systems market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. In developed economies in North America and Europe, stringent regulations regarding water treatment have propelled the market. However, the demand for water treatment systems is expected to surge phenomenally across Asia Pacific between 2016 and 2024, owing to the rapid industrialization and ensuing water pollution. Governments in Asia Pacific countries are focusing on creating awareness about water treatment systems with growing water crisis in the region.
Prominent players in the global water treatment systems market include Danaher Corporation, Honeywell International, The Dow Chemical Company, Pentair plc, and 3M Company. The key players are focusing on introducing new water treatment systems while adhering to the standards set by governments and regulatory authorities.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.