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, 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.   

Source:

https://www.fortunebusinessinsights.com/point-of-use-water-treatment-systems-market-102814

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 executed by market players? How far is the success rate?

·         What is the impact of smart purifiers on the point-of-use water treatment system market?

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.