The Residential Drinking Water Treatment Equipment Market is being driven by Increasing instances of waterborne diseases and deteriorating water supply quality
The Residential Drinking Water Treatment Equipment Market is expected to grow at a CAGR of 7.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5530.7 million. In the global residential drinking water treatment equipment market, competition is escalating due to consumer preferences shifting towards advanced and innovative products. Vendors are prioritizing research and development to stay competitive, as technological advances continue to reshape the industry. With increasing disposable income and purchasing power, homeowners are investing more in residential drinking water treatment solutions. To maximize profits, vendors are employing strategic pricing for technologically superior and premium products. This market trend underscores the importance of continuous innovation and investment in cutting-edge technologies for long-term success.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
Market growth 2025-2029 |
USD 5530.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.6 |
Key countries |
US, China, India, Germany, UK, Japan, Canada, South Korea, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Residential Drinking Water Treatment Equipment Market focuses on providing solutions for enhancing the quality of household drinking water by removing impurities and contaminants, including pollutants and waterborne diseases. This market encompasses various methods such as physical, chemical, and biological, including filtration, chlorine gas, UV radiation, ozonation, and reverse osmosis. The Desalination segment caters to saline water treatment and water re-use in developing areas. Waterborne illnesses, such as cholera and typhoid, emphasize the importance of potable water treatment. Market value is driven by the need to address water quality issues and ensure fresh water supply in water mains and water plants. Water resources face increasing threats from contamination and pollution, necessitating the use of desalination equipment and water treatment technologies.
The Residential Drinking Water Treatment Equipment Market encompasses revenue generated from the manufacturing and sales of appliances designed to enhance the quality of household drinking water. This market focuses on addressing waterborne diseases, contaminants, and impurities through technologies such as ultraviolet sterilization, reverse osmosis, water testing devices, and water recycling/reuse systems. The market's future outlook is promising due to increasing health awareness and the need for alternative sources of clean water. This market segment falls under the broader category of small household appliances within the global household appliances industry, which also includes hand tools, power tools, and garden improvement tools. However, it is essential to note that this market does not include televisions, personal computers, machine tools, or agriculture equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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