Table of Contents
Augmenting Health Wellness and Wellbeing Consciousness Boosts Market Growth
This research service provides key insights into market trends in the global residential and light commercial water treatment equipment market for the current (2013) market. In addition, it discusses in depth the industry challenges and important drivers and restraints impacting the global WTE market. Additional details on current scenarios, in terms of specific point-of-use system preferences across sectors and applications, are discussed. Interesting insights on major market participants and the prevailing competitive structure in this market have been discussed briefly. Thus, overall market scenario and specific regional trends across the globe have been discussed and forecast until 2020.
The 2013 global residential and light commercial water treatment equipment (WTE)
market generated a revenue of $million. It is forecast to grow at an annual
compound annual growth rate of % to reach $ million by 2020. Americas
led the market competition by accounting for % of the market, closely followed by
the APAC and Europe.
Counter top systems experienced the highest preference in APAC market, while under-
the-sink systems and point-of-entry systems witnessed widespread acceptance in
Americas and Europe. In terms of preference and installed base, pitcher filters occupy
a significant portion of the market in Europe and Americas, while countertops dominate
the demand in MEA.
Commercial space—office buildings, in particular—witnessed major uptake through
annual rentals that accounted for approximately % of the business. The fade out of
bottled water market, in addition to increasing consciousness and environmental
awareness, paves way for market attractiveness and penetration for the water
treatment equipment options.
Market competition is highly intense, due to the fragmented nature of the market and
varying cost consciousness across the regions. Developed countries in Europe and
Americas are more open to accept premium products with innovative technological
variations, while APAC and MEA portray immense potential for regional suppliers as
well as international participants catering to a niche customer base.
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