Point-of-Use (PoU) Water Filtration Market is anticipated to grow at a CAGR of 3.8% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Point-of-Use (PoU) Water Filtration Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global PoU Water Filtration Market is estimated to account forover US $800 million in 2019. It is anticipated to grow at a CAGR of 3.8% from 2019 to 2030.
The continual growth of the PoU water filtration market can be attributed to several factors such as the growing food service industry, high awareness regarding the utilization of quality drinking water and deep-rooted presence of both local as well as international players. PoU systems are increasingly being used by coffee chains, cafes, and restaurants to maintain uniformity in taste. For instance, leading chains such as Starbucks are using PoU water filtration for their coffee machines across their outlets in the U.S. Additionally, focus on the longevity of machines is another factor driving market growth.The hardness of water adversely affects the longevity of a coffee andice-making machines.This has enticed owners to install PoU filtration systems in their cafes and restaurants. However, the presence of alternatives, such as point-of-entry systems,are hindering market growth to a certain extent.
Technological advancements in PoU water filtration systems are also among the primary factors that are expected to fuel growth of the market. For instance, in 2017, Voltea introduced its first PoUCAPDI product, DIUSE that targeted both residential as well as commercial applications. It helps to soften and desalinate brackish water and offers a salt-free and chemical-free alternative.
Based on components, cartridge systems dominated the market in 2018, in terms of value and volume sales and is expected to witness a similar growth trend during the forecast period. The low cost of the cartridges and large after-sales market in terms of replacement of cartridges are the key factors that are expected to boost the sale of cartridges during the forecast period.
Browse key industry insights spread across 165 pages with market data tables & figures & charts from the report, Point of Use (PoU) Water Filtration Market By End User (HORECA and Others) and By Region (North America, Europe, Asia Pacific, and the Rest of the World) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/point-of-use-pou-water-filtration-market/126
Europe dominated the PoU water filtration market in 2018 with Germany, France, and Italy being the key markets largely due to thepopularity of POU filters in the HORECA industry. In Europe, France, Italy, and Spain are countries that are expected to witness the fastest growth owing to the burgeoning food service industry and growing in bound tourism in these countries. Standardization of water quality to maintain the taste of coffee and other food & beverages that are served by cafes and restaurants is another key factor contributing to market growth.However, APAC is expected to witness the fastest growth in the coming years with countries,such as China, India, and South Korea, largely contributing to market growth. China stands to be the most lucrative market, followed by India as both these countries are expected to witness a CAGR of over 5.2% and 4.8% respectively during the forecast period. The poor quality of water along with rising awareness regarding the utilizationand advantages of PoU water filters are some of the key factors that are expected to fuel the market growth in the coming years.
Some of the prominent players in the global PoU water filtration market include BWT Aktienge sell schaft, Brita GmbH, Pentair plc, 3M, Culligan, Kinetico, Bilt SRL, Ecowater Systems LLC, AQUAPHOR, and US WATER SYSTEMS INC,among others.
Market Industry Reports is a global leader in market measurement and advisory services. It is a 100% subsidiary of ExlTech. The firm has always been at the forefront of innovations to address worldwide industry trends and opportunities. We offer our clients a unique depth of market intelligence in an actionable format to move their business forward. Our analysis incorporates consumer study in more than 100 countries, providing a tactical approach to drive sustained business growth. We continue to pioneer state-of-the-art approach in research & analysis that will help you to overcome complexities and stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence, we unfold contingencies for our clients in the evolving world of technology, mega-trends, and industry convergence. We inspire our clients to empower and shape their businesses and to build world-class products.