The point-of-use water treatment systems market is projected to grow from USD 19.9 billion in 2018 to USD 32.7 billion by 2023, at a CAGR of 10.41%. Factors such as increasing water contamination, growing awareness about the benefits of clean drinking water, and increasing construction activities drive the point-of-use water treatment systems market.

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The faucet-mounted segment is projected to dominate the global point-of-use water treatment systems market through 2023

The faucet-mounted segment acquired the largest share in the point-of-use water treatment systems market in 2018, in terms of value, and is projected to grow at the second-highest CAGR during the forecast period, due to relatively cheaper costs and ease of installation. These devices allow users to switch between unfiltered and filtered water. Tabletop pitchers are projected to register the highest CAGR during the forecast period as these devices are inexpensive and readily available.

Recent Developments

• In February 2015, 3M acquired Polypore International (US), which is a manufacturer of membranes and modules for filtration, for USD 1 billion. This acquisition enabled the company to add new technologies to the existing water treatment systems of 3M.
• In January 2015, Best Water Technology (BWT) AG acquired Mettem Technologies Group, Russia, which was a market leader in the table water filters market in the country. This acquisition strengthened Best Water Technology (BWT) AG’s market presence in the Russian water filter market.
• In March 2014, 3M introduced the Reverse Osmosis drinking water filtration system in the market. This under-the-sink system is tested and certified by NSF International against NSF/ANSI Standards 42, 53, and 58.

The Asia Pacific is projected to be the fastest growing region in the point-of-use water treatment systems market, in terms of value and volume. Key factors such as rapid urbanization, growing awareness about water purification technologies, growth in the middle-class population, and the rise in disposable income are projected to drive the demand for point-of-use water treatment systems in the Asia Pacific during the forecast period. North America is projected to follow the Asia Pacific, in terms of demand, with the US accounting for the largest market share of 85.7% in the region in 2018.

Key players operating in the point-of-use water treatment systems market include Honeywell (US), Pentair (UK), Panasonic (Japan), Unilever (UK), LG Electronics (South Korea), Coway (South Korea), BWT AG (Austria), Toray (Japan), Brita (Germany), and Alticor (US).