The global point-of-use water treatment systems market size is anticipated to witness significant growth on account of the increasing levels of water pollution, attributed to the rise in urbanization and industrialization, coupled with the increasing importance of clean water. As per a recent report by Fortune Business Insights titled, “Point-of-Use Water Treatment Systems Market Size, Share & Industry Analysis, By Product Type (Under The Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial) and Regional Forecast, 2020-2027,” the market value stood at USD 17.30 Billion in 2019 and is anticipated to rise at a CAGR of 8.1% to reach USD 32.20 Billion by 2027.Outbreak of covid-19 is expected to have significant impact on growth of the market. The year-on-year growth rate is estimated to decline for the next two years as compared to the earlier. Therefore, the market is expected to grow at a lower CAGR during the forecast period.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The Report Answers the following Questions?
- How fierce is the competition of the market?
- What are the key trends, and current industry developments of the market?
- Which strategies are executedby market players? How far is the success rate?
- What is the impact of smart purifiers on the point-of-use water treatment system market?
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/point-of-use-water-treatment-systems-market-102814
Drivers & Restraints-
Advent of Smart Water Treatment Systems will Add Impetus to Market
The increasing levels of water pollution, rise in prevalence of water-borne diseases such as typhoid, cholera, malaria, anemia, dengue, and others, and the rising importance of clean drinking water are the major point-of-use water treatment systems market growth drivers. In addition to this, the implementation of advanced technology in terms of water purification systems primarily focuses on removing harmful contaminants, and complete water purification for home and light commercial buildings, thereby adding impetus to the market.
On the negative side, water purification systems such as ultra-violet filters and reverse osmosis filters are expensive and the maintenance costs of such systems are also high. This poses a major challenge to the market. Nevertheless, the introduction of the Internet of Things and the advent of smart point-of-use water treatment systems may create lucrative growth opportunities for the market in the coming years.
Segment-
RO Filters Segment to Dominate Owing to High Preference for Treating Hard Water
Based on category, RO filters segment dominated the market was dominated in 2019 on account of the highly advanced membrane filtration technology that guarantees 99% of the germ removal from water, thereby offering pure water. Besides this, RO filters are also considered to be the best solution for treating hard water. However, the UV filters segment earned a 22.8% share in the market.
Regional Analysis-
Asia Pacific to Register Fastest Growth Rate Owing to Increasing Adoption of Water Treatment Systems
Asia Pacific earned the largest point-of-use water treatment systems market share and is expected to rise at a CAGR of 9.7% in the forecast period.Factors attributed to the growth of this region are rising awareness about the advantages of water treatment systems. In addition to this, China is one of the major consumers of water treatment systems. This is followed by Japan, Australia, and South Korea. Other regions such as North America and Europe are anticipated to register considerable growth in the foreseeable future. In 2019, the market in North America earned USD 4.29 billion on account of the presence of large commercial manufacturers and the well-established distribution network in the region.
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Competitive Landscape-
Key Players Invest in R&D of Better Water Treatment Systems for Better Revenue Generation
Currently, the market is fragmented on account of the presence of many players. A majority of players are engaging and investing massively on research and development of several point-of-use water treatment system products with higher efficiency and at reasonable operational costs. Such initiatives taken by companies will help them gain a competitive edge in the market.
Some of the key Industry Developments of the Point-of-Use Water Treatment Systems Market are listed below:
February 2019 – Brita, a German water purifier company entered India with its latest range of water purifiers called “MyPure Max”. Brita also invested an esti9mated USD 5.3 million and more into this new project located in India to launch its products at low prices, thereby expanding its portfolio across the Indian market.
December 2019 –A new water purifier was introduced by Kent RO systems with the latest zero wastewater technology. Kent RO Systems aims at reducing the wastewater and recycle as much water as possible, without compromising withthe mineral contents.
List of key vendors in this market include:
- Global Water Solutions Ltd. (USA)
- Panasonic Corporation (Japan)
- Best Water Technology Group (Austria)
- Katadyn Group (Switzerland)
- General Ecology Inc. (USA)
- O. Smith Corporation (USA)
- Culligan International Company (USA)
- LG Electronics (South Korea)
- Kent RO Systems Ltd. (India)
- Eureka Forbes Ltd. (India)
- Brita LP (USA)
- Unilever PLC (UK)
- Helen of Troy Limited (USA)
- Coway Co. Ltd. (South Korea)
- Pentair PLC (USA)
- Other vendors
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The global point of use water treatment systems market size is anticipated to witness significant growth on account of the increasing levels of water pollution, attributed to the rise in urbanization and industrialization, coupled with the increasing importance of clean water.
As per a recent report by Fortune Business Insights titled, "Point of use water treatment systems market Size, Share & Industry Analysis, By Product Type (Under The Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial) and Regional Forecast, 2020-2027," the market value stood at USD 17.30 Billion in 2019 and is anticipated to rise at a CAGR of 8.1%to reach USD 32.20 Billion by 2027.
The outbreak of COVID-19 is expected to have a significant impact on the growth of the market.
The year-on-year growth rate is estimated to decline for the next two years as compared to the earlier.
List of key Companies Profiled in the vendors in the Point of Use (POU) Water Treatment Systems Market Research Report are:Global Water Solutions Ltd. (USA)Panasonic Corporation (Japan)Best Water Technology Group (Austria)Katadyn Group (Switzerland)General Ecology Inc. (USA)A. O. Smith Corporation (USA)Culligan International Company (USA)LG Electronics (South Korea)Kent RO Systems Ltd. (India)Eureka Forbes Ltd. (India)Brita LP (USA)Unilever PLC (UK)Helen of Troy Limited (USA)Coway Co. Ltd. (South Korea)Pentair PLC (USA)Other vendorsDrivers & Restraints:Advent of Smart Water Treatment Systems will Add Impetus to MarketThe increasing levels of water pollution, rise in prevalence of water-borne diseases such as typhoid, cholera, malaria, anemia, dengue, and others, and the rising importance of clean drinking water are the major point of use water treatment systems market growth drivers.
In addition to this, the implementation of advanced technology in terms of water purification systems primarily focuses on removing harmful contaminants, and complete water purification for home and light commercial buildings, thereby adding impetus to the market.On the negative side, water purification systems such as ultra-violet filters and reverse osmosis filters are expensive and the maintenance costs of such systems are also high.
The global E-prescribing market size is projected to reach USD 4,017.79 million by 2026 owing to the implementation of e-prescribing software in the electronic health record solutions that simplified prescription filling over the years.
E-prescribing or electronic prescribing is a technology substructure that allows physicians and medical practitioners to send computer-based electronically generated prescriptions to a hospital-based or standalone pharmacy.For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/e-prescribing-market-102698It is also cost-efficient and reduces the chances of medication errors by pharmacists.
The market is discussed in details in a recently published report by Fortune Business Insights™ titled, “E-prescribing Market Size, Share & Industry Analysis, By Delivery Mode (Web-based, On-premise), By Prescription Type (Controlled substance, Non controlled Substances) By End User (Hospitals, Physician's offices, Pharmacies) and Regional Forecast, 2019-2026.” As per this report, the market value was USD 863.64 million in 2018 and is expected to rise at a CAGR of 21.0 % in the forecast duration set between 2019 to 2026.What are the Report Highlights?The report is based on an in-depth analysis of the market and provides a 360-degree overview of the same.
It throws light on significant industry developments, current e-prescribing market trends, and other interesting insights into the market.
It discusses factors boosting, repelling, challenging, ad creating opportunities for the market during the forecast period.
The report also describes the table of segmentation in detail and mentions the names and figures of the leading segments with their attributed factors.
The global wine market size is anticipated to reach USD 444.93 billion by 2027 on account of the increasing adoption of a lavish and wealthy lifestyle.
The yeast helps to consume the sugar present in the grapes and changes it to carbon dioxide, ethanol, and heat.
The variety of strains of yeasts and grapes produces different types of wine.
Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics.
However, the gradual shift of non-alcoholic beverages and other alcoholic drinks may hamper the market for wine in the coming years.
Together with Europe, This region imports an average of 5 million liters annually to maintain the supply and demand chain in the respective regions.
Pear blossom oil is extracted through the blending of various fruits such as pear nectar, bergamot, ripe, and orchard apples along with enhancement by garden florals of lily, jasmine, pear blossoms, rose, and gardenia, which is intertwined with precious vanilla and woods.
The United States pear blossom oil market is expected to grow at a healthy pace during the forecast period, according to the AMA study.
Increasing demand for aromatherapies across the United States and the rising demand from the cosmetic sector is expected to be some of the major factors aiding the growth of the market.
However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
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The market for aspiration and biopsy needles is primarily driven by the factors such as the rising prevalence of cancer, increasing preference for minimally invasive surgeries, and rise in cancer awareness initiatives undertaken by governments and global health organizations.The Aspiration and Biopsy Needles market is estimated to grow at a CAGR of 7.3% to reach USD 1,272 Million by 2024 from USD 894 Million in 2019.The aspiration and biopsy needles market is segmented into aspiration and biopsy needles.
The biopsy needles segment accounted for the largest share of the aspiration and biopsy needles market in 2018 due to its widespread adoption in healthcare facilities.
This segment is also expected to grow at the highest rate during the forecast period.Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71036825The aspiration and biopsy needles market is segmented into breast, lung, colorectal, prostate, kidney, and bone & bone marrow.
The lung segment is expected to register the highest growth rate due to the increasing prevalence of lung cancer.View complete press release:-https://www.marketsandmarkets.com/PressReleases/aspiration-biopsy-needles.asp
The global Guard Tour System Market was valued at USD 220.1 Million in 2019 and is projected to reach USD 273.3 Million by 2027, expanding at a CAGR of 3.9% during the forecast period.
A guard tour system tracks security tours, which helps organizations and companies to log, organize and execute guard tours and patrols in their assets.
The guard tour systems market is segmented on the basis of types, patrol systems, Functionality, end-users, and regions.
Rising demand for security fuels the growth of the market.
Get A Free Sample Report @ https://growthmarketreports.com/request-sample/19 The market is driven by factors such as rise in the use of real-time tracking, integration of technology, rising security breaches and sophisticated attacks across enterprises and countries, increasing adoption of guard tour systems in emerging countries.
Conversely, high costs of guard tour systems and lack of awareness among consumers are key restraints of this market.
