Point-of-Use Water Treatment Systems Market

Pentair (UK) and Panasonic Corporation (Japan) are the Major Players in the Point-of-Use Water Treatment Systems Market

The global point-of-use water treatment systems market size is projected to grow from USD 19.9 billion in 2018 to USD 32.7 billion by 2023, at a CAGR of 10.41% during the forecast period. Increasing instances of water contamination and growing awareness about the benefits of water treatment is projected to drive the growth of the point-of-use water treatment systems market.

The point-of-use water treatment systems market is dominated by major players such as Honeywell International (US), Pentair (UK), Panasonic Corporation (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT (Austria), Toray Industries (Japan), Alticor (US), and Brita (Germany). These players have adopted numerous growth strategies, such as mergers & acquisitions, new product launches, agreements, collaborations, & joint ventures, and expansions, to further expand their presence in the global point-of-use water treatment systems market. New product launches was the most dominating strategy adopted by major players from 2011 to 2015, which helped them to innovate on their offerings and broaden their customer base.  

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Pentair is among the key players in the point-of-use water treatment systems market. It offers water, fluid, thermal management, and equipment protection products, services, and solutions. It has a strong foothold in North America, Europe, and the Asia Pacific. The company also focuses on developing innovative products to serve its customers better. Also, due to its diversified portfolio range, the company’s revenue has consistently been increasing from 2015 to 2017. Acquisitions and new product launches are the major growth strategies adopted by the company. For instance, Pentair acquired 19.9% stake in two entities of GE Water and Process Technologies (US) for USD 134.3 million. This acquisition enhanced the water softener and residential water business of the company.

Panasonic Corporation is involved in the manufacturing and selling of electronic & electric products for consumer, industrial, and business use. It has a strong global presence in the Asia Pacific, North America, Europe, and the Middle East. The strong global presence and adoption of growth strategies such as agreement and new product development have ensured its key position in the point-of-use water treatment systems market. In December 2014, Panasonic developed photocatalytic water purification technology. This purification technology uses UV rays to detoxify pollutants.

Related Reports:

Point-of-Use Water Treatment Systems Market by Device (Tabletop, Faucet-mounted, Countertop, Under-the-sink) Technology (RO, Ultrafiltration, Distillation, Disinfection, Filtration), Application (Residential, Non-residential), & Region - Forecast to 2023

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Report Code
BC 3716
Published ON
Feb, 2019
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