An Incisive, In-depth Analysis on the Residential Water Treatment Devices Market
This study offers a comprehensive, 360 degree analysis on the Residential Water Treatment Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Residential Water Treatment Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Health awareness and demand for purer water higher in North America
The population in North America is extremely concerned about their health and demand safe drinking water, even when compared to other developed economies such as Europe and Japan. North American governments supply relatively clean drinking water by way of public water utilities. Nonetheless, people on this continent are unsure of the quality of water, and they invest in machines sold in the residential water treatment equipment market. The U.S. uses more than 40 billion gallons of water daily and 80% of their drinking water comes from lakes, reservoirs, and rivers. Americans receive drinking water from approx. 50,000 community water systems and drinking water makes its way across this vast continental nation through a million mile of pipes. Almost 6 billion gallons of treated water are wasted and sometimes polluted by different microbes and algae. Therefore, the scope of the North America residential water treatment equipment market is huge indeed.
Non-microbiological contaminants pollute drinking water in Eastern Europe
In a few areas of Eastern Europe, chemical contaminants have played havoc with the quality of drinking water. Non-microbiological contaminants such as arsenic, lead, nitrogen, and fluoride affect the drinking water in some Eastern European countries. The population is quite worried about the health implications of dissolved lead in water and this is primarily attributed to plumbing pipes that are replaced infrequently. Another factor is arsenic that is also called the human carcinogen. High arsenic concentrations are naturally found in Romania and southeast Hungary where chemical precipitation technology is now deployed to remove arsenic from the water. However, it is difficult to achieve 100% purification which is why people opt for residential water treatment equipment. Russia dominates the Eastern Europe residential water treatment equipment market with a share of 50% in 2017 and is poised to gain a massive 193 BPS by the end of the forecast period.
Excessive pesticide use leads to poor water quality in Latin America
Increasing industrialization and rampant pesticide use has had a devastating impact on ground water reserves in Latin America. Major water bodies that supply drinking water to millions of people in the region have been contaminated with organic pollutants and heavy metals. A World Bank report stated that 70% of the water used in South America returns to the source without any treatment and 80% of the urban population live close to polluted water bodies. Needless to say, this is a major health concern. A study in December 2013 showed that more than 90% of Uruguay’s rivers were contaminated. The National Committee of Water estimates that 70% of Mexico’s rivers are polluted and no tangible steps have been taken to prevent or reduce further contamination. Such sobering statistics make it an urgent priority to raise awareness of residential water treatment equipment devices in the region.
Governments unable to cope with population explosion in APEJ
In 2013, the United Nations assessed that the APEJ region accounted for roughly 60% of the global population. A UNICEF report said that the population growth rate is far outstripping the number of people gaining access to safe drinking water in this region. The 2011 Census of India figures show that 14% of households lack access to safe drinking water. Hence, it is essential to raise awareness of residential water treatment devices. The introduction of non-electric low cost variants should play a major role in popularizing residential water treatment devices. These purifiers cost less than US$ 60 making them the perfect option for price-sensitive buyers. More than a billion people in APEJ do not have access to electricity, making these products vital in the residential water treatment equipment market.
The residential water treatment devices market is characterised by its lack of innovation or introduction of new technology for several years. Minimal R&D investment from key stakeholders in the residential water treatment devices market has led to homogenous products being released. Nonetheless, Future Market Insights felt the need to research the residential water treatment devices market in its report titled ‘Residential Water Treatment Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027)’.
Lack of product differentiation has led to price being the deciding factor in the residential water treatment devices market. Therefore, companies are involved in a brutal price war to introduce low cost products that can successfully penetrate the residential water treatment devices market. Our competition analysis provides the perfect look at this challenging situation. We have profiled a few of the most prominent companies in the residential water treatment devices market. A brief company description, product availability, regional presence, recent developments, and strategies can be expected here. It is possible for readers to conduct an in-depth competition SWOT analysis in this portion of the residential water treatment devices market report.
The residential water treatment devices market has been divided into seven geographies with an equal focus on both developed and emerging economies. The developed countries studied are North America, Western Europe, Eastern Europe, and Japan, while the emerging economies include APEJ, Latin America, and MEA. Every region has a dedicated chapter that assesses the regional drivers, restraints, opportunities, and threats coupled with an impact analysis. A historical market assessment of the largest countries has been accurately compared and contrasted with the projected growth in the residential water treatment devices market on the basis of the taxonomy. Companies that seek to target only particular segments in the residential water treatment devices market are recommended to refer to this section of the residential water treatment devices market report.
A robust research methodology
The Future Market Insights research methodology has built a strong reputation in the industry because of its inherent capabilities allowing us to maintain a high level of quality and accuracy. The FMI analysts begin their survey with extensive primary and secondary research to gain the required data pertaining to the residential water treatment devices market. A market player list that consists of all the relevant nodes in the value chain is developed and they are interviewed repeatedly, along with industry experts. After all the data is gathered, it is exhaustively scrutinized with the help of advanced company tools to extract all the quantitative and qualitative insights of the residential water treatment devices market.
The residential water treatment devices market report begins with the executive summary and introduction sections. The former provides a birds-eye view of the global residential water treatment devices market as well as the analysts’ opinions and recommendations of the residential water treatment devices market. The recommendations take the form of an approach to be adopted and geographies to focus on with a differentiating strategy to achieve success in the residential water treatment devices market. The introduction section is closely related to the executive summary and has a concise yet comprehensive definition of the residential water treatment devices market.
Residential Water Treatment Devices Market: Taxonomy