Published on : Aug 10, 2016
ALBANY, New York, August 10, 2016: A new market intelligence report has been added by ResearchMoz.us to its vast repository of market research studies. The 151-page research study, titled “Global Residential Drinking Water Treatment Equipment Report Industry 2016, Trends and Forecast Report,” presents an in-depth analysis and throws light on the competitive landscape of the market. Furthermore, the drivers, barriers, product segmentation, and key geographical segments have also been discussed in the scope of the research report.
The research study further makes use of several analytical tools to determine the key opportunities and current trends in the residential drinking water treatment equipment market across the globe. The past performance of the market and key strategies adopted by the prominent players in the market have also been discussed in the research study to guide the entrants in formulating effective business policies throughout the forecast period.
The growing demand for water treatment, rising health concerns, and rise in water scarcity are some of the primary factors projected to boost the demand for residential drinking water treatment equipment in the next few years. The environmental benefits of water recycling and technological developments in water treatment equipment have created several opportunities for the key players in the global market. However, concerns regarding water treatment residue management, the rising impact of hard water on the equipment, and high operational costs are some of the factors estimated to curb the growth of the overall market in the forecast period.
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The residential drinking water treatment equipment market has been classified on the basis of geography into Europe, North America, and Asia. Among these, the North America market is estimated to account for a massive share and remain in the leading position in the next few years. The rapid growth of this regional market can be ascribed to the water shortage and severe droughts in several parts of this region. On the other hand, the increasing population and growing disposable income in several developing nations in Asia are projected to fuel the growth of the market in the near future.
The global market for residential drinking water treatment equipment is extremely competitive due to the presence of several players in the market. The leading players hold a massive share in the market and are utilizing their prior experience, brand quality, expertise, and cost to maintain their position in the market. The frequent changes in the water quality standards given by governments and in consumer preference have created several opportunities for the players.
Some of the leading players are Philips, 3M, Kurita Water Industries, GE Appliances, Ecowater Systems, Eureka Forbes, Duskin, Watts Water Technologies, and Brita. To give a clear picture of the residential drinking water treatment equipment market across the globe, the research study has presented detailed profiles of the prominent players engaged in the market.
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