From 2017 to 2027, the global residential water treatment devices market is predicted to grow at a 9 percent CAGR, reaching a value of US$ 56 billion. Water is required for the life of all living beings while also being one of the most limited resources. Large-scale urbanization, widespread pesticide use, and naturally occurring pollutants in some water basins have contaminated these sources of life, rendering them unsafe for human use. Residential Water Treatment Devices Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027), according to Future Market Insights. has conducted a thorough analysis of the global residential water treatment devices market, which is predicted to grow at a robust CAGR of 9% from 2017 to 2027, reaching a value of US$ 56 billion.
Competition Dashboard in the Residential Water Treatment Devices Market
Amway Corporation, The 3M Company, Haier Group Corporation, Robert Bosch GmbH, Whirlpool Corporation, BRITA GmbH, Culligan International Company, Eureka Forbes, Kent RO Systems Ltd., Panasonic Corporation ADR, LG Electronics Inc., Hindustan Unilever Ltd., Mitsubishi Rayon Cleansui Co. Ltd., P.T. Holland, A.O. Smith Corporation, Mazuma Thailand Co. Ltd., Ceramica Stefani S.A., Lorenzetti S.
Key Insights in the Residential Water Treatment Devices Market
The lack of new technology and sluggishness among key stakeholders have defined the home water treatment equipment industry. There has been no significant investment in R&D, and there is no product differentiation. As a result, pricing becomes the decisive factor for purchasers, and any company that can significantly lower the initial or ongoing costs stands to benefit significantly in the residential water treatment devices industry. Companies should aim to produce smart new goods that can heat or freeze water, add flavors, or purify it in many phases.
Locale – Increasing Cases of Waterborne Diseases in North America
The U.S. has one of the most secure drinking water frameworks on the globe yet there are a few instances of gastrointestinal ailments announced in the country consistently as a result of the insufficiency of public water frameworks that avoids utilization from non-public frameworks. Waterborne pollutants can prompt various medical issues like regurgitating, loose bowels, breathing trouble, eye, ear, and skin contaminations, and pneumonia. Infections like giardiasis, cryptosporidiosis, and otitis externa caused almost 40,000 hospitalizations and cost simply under a billion bucks consistently in the country. The microorganisms Clostridium difficile alone cause just about 8000 passings yearly. These passings can stay away from with the assistance of gadgets accessible in the North American Residential Water Treatment Devices market that is projected to be worth generally US$ 7.8 billion out of 2027 with the US involving the main part of this.
