Residential Water Treatment Equipment Market in US | Market Size to Grow by $ 1.12 Billion through 2021-2025
The residential water treatment equipment market in US is expected to grow by $ 1.12 bn, accelerating at a CAGR of almost 6.74% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Residential Water Treatment Equipment Market in US: Segmentation by Product
This report provides a detailed analysis of the market by Product (Residential water purifiers and Others) and Distribution Channel (Offline and Online). Growth by the residential water purifiers segment will be significant during the forecast period. The increasing awareness of superior water quality provided by the purifiers is driving the demand for residential water purifiers in the US.
This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Residential Water Treatment Equipment Market in US: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., A. O. Smith Corp., Breville USA Inc., Culligan International Co., EcoWater Systems LLC, Haier Smart Home Co. Ltd., Kinetico Inc., Koninklijke Philips NV, Pentair Plc, and Whirlpool Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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