Point of Use Water Filtration Market Overview and Introduction
Point of Use Water Filter Market is estimated to be valued at ~US$ 2145 million in 2018 and is expected to witness substantial growth from 2019 to 2030.
A point-of-use water filter treats the water before it reaches a single tap and is mostly installed in kitchens, restaurants, cafes, hotels, hospitals, and airports to provide high-quality, clean, and healthy drinking water. Such systems use advanced filtration techniques including reverse osmosis and carbon filtration.
Growing foodservice and hospitality industries, growing awareness among masses regarding water-borne diseases and tremendous aftermarket opportunities are among the primary factors that will drive market growth. Moreover, water has an effect on the taste of food & beverages served at restaurants and cafes, which encourages them to maintain the taste and purity of water. This will further drive the penetration of filtration systems in cafes and restaurants. Moreover, it is ideal to use point of use systems with a single machine, a coffee machine for instance; however, many outlets use can a single PoU system to operate more than one machine. On the other hand, cut-throat competition prevailing among market players and the availability of alternatives, such as Point of Entry (PoE) water filtration systems, are among factors that will hinder market growth to a certain extent.
Point of Use Water Filtration Market, By End User
In terms of end-user, the global point of use water filtration systems market can be segmented into HORECA and others. The HORECA sector is further divided into the following sub-segments - coffee machines, ice-making machines, ware-washing, water dispensers, and others. Among these, the coffee machines segment accounted for the largest market share in 2018 and is expected to continue its dominance during the forecast period.
Point of Use Water Filtration Market, By Region
The global point of use water filtration market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America stands to be among the leading markets for point of use filtration at the global level, accounting for a share of over 34% in 2018. Increasing awareness regarding the safety of drinking water, rising adoption of point of use water filtration systems by leading foodservice chains and the extensive presence of local as well as international players driving aftersales opportunities are some of the key factors that will propel market growth.
Point of Use Water Filtration Market, Prominent Players
The global market for point of use water filtration systems is highly competitive and largely fragmented owing to the presence of global as well as local players competing for the market share. BWT Aktiengesellschaft, Brita GmbH, 3M, Pentair plc, Kinetico, Aquaphor, Bilt srl, Ecowater Systems LLC, and Culligan are among the major market players.
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottom Up Approach
- Top Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL POINT OF USE WATER FILTRATION MARKET - ANALYSIS & FORECAST, BY END USER
- HORECA
- Coffee machines
- Ice-making machines
- Ware-washing
- Water dispensers
- Others
- Others
- GLOBAL POINT OF USE WATER FILTRATION - ANALYSIS & FORECAST, BY REGION
- North America Point Of Use Water Filtration Market
- North America Point of Use Water Filtration Market, By Country
- US
- Canada
- North America Point of Use Water Filtration Market Analysis & Forecast, By End User
- Europe Point Of Use Water Filtration Market
- Europe Point of Use Water Filtration Market, By Country/Region
- Germany
- U.K
- France
- Spain
- Rest of Europe (ROE)
- Europe Point of Use Water Filtration Market Analysis & Forecast, By End User
- Asia Pacific Point Of Use Water Filtration Market
- Asia Pacific Point of Use Water Filtration Market, By Country/Region
- China
- Japan
- India
- Rest of Asia Pacific (RoAPAC)
- Asia Pacific Point of Use Water Filtration Market Analysis & Forecast, By End User
- Rest of the World (ROW) Point Of Use Water Filtration Market
- Rest of the World Point Of Use Water Filtration Market, By Country/ Region
- Latin America
- Middle East & Africa
- Rest of the World Point Of Use Water Filtration Market Analysis & Forecast, By End User
- COMPETETIVE LANDSCAPE
- Key Players and their market positioning (2018)
- COMPANY PROFILES(Business Overview, Products Offered, Financial Performance*, Recent Developments)
- BWT Aktiengesellschaft
- Brita GmbH
- 3M
- Pentair plc
- Kinetico
- AQUAPHOR
- Bilt srl
- EcoWater Systems LLC
- U.S. Water Systems US WATER SYSTEMS INC
- Culligan
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
Research Methodology
It is a well-organized procedure to carry out research. We at Market Growth Insight follow global, all-inclusive & iterative research methodology to develop our research reports. We are using both the top down as well as bottom-up approaches for partitioning and evaluating the significant aspects of the market.
It is a systematic & strategic approach for conducting a market study. Our market research methodology is based on the concept that gives a detailed description of the factors behind an observation. Let us see the detailed market research methodology.
Primary Data Research
It is the very basic stage of research the raw data is obtained and collected on a boarded front.Data is constantly filtered to ensure that only validated and authenticated sources are considered. Moreover,information is also mined from a large group of reports in our vault, as well as various reputed paid databases. It is necessary to understand the entire value chain and in order to facilitate this; we gather information from raw material suppliers, distributors as well as buyers, for extensive knowledge of the market.
The technical issues and trends are acquired from reviews, technical discussion and trade journals. Moreover, the technical data is also accumulated from intellectual property prospective, focusing on a void area and freedom of movement. The industry elements regarding drivers, restraints, pricing trends are also collected. Subsequently, the material developed contains a wide range of original and unique information that is then further cross-validated and authenticated with published sources.
Statistical Model
Simulation models are responsible to estimate and forecast our market, and for each research, a unique model is created and customized. The data accumulated for market dynamics, innovation scene, application improvement, estimating trends is delivered into the model and analyzedsimultaneously. These components are examined on a comparative basis, and their impact on the figure of the frame is measured with the assistance of correlation, regression and time series investigation. Forecasting of the market is performed through the consolidation of economic tools, innovative examination, and industry experience along with domain expertise. Generally, economic models are utilized for short-termforecasting, technological market models are used for long-term forecasting of a market. These are based on an amalgamation of technology innovation, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to the market estimation is preferred, with key regional markets analyzed as separate entities and integration of information to get a worldwide evaluation. This is very critical for a deep knowledge of the business as well as ensuring negligible mistakes. Below mentioned are some of the parameters are considered for forecasting
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory situation and expected developments
Current capacity and expected capacity additions up to 2025
Market driving organizations
The key targets of essential research are as per the following
To approve our information as far as exactness and adequacy
To pick up an understanding of the present market and future desires
We dole out weights to these parameters and evaluate their market effect utilizing weighted normal examination, to infer a normal market development rate.
This is the last advance in assessing and anticipating for our reports. Thorough essential meetings are led, on up close and personal and additionally via telephone to approve our discoveries and suppositions used to get them. Interviewees are drawn closer from driving organizations over the esteem chain including providers, innovation suppliers, area specialists,and purchasers in order to guarantee an all-encompassing and fair photo of the market. Essential meetings help in information approval, as well as give basic bits of knowledge into the market, current business situation and future desires and upgrade the nature of our reports. Every one of our assessments and figure is checked through comprehensive essential research with Key Industry Participants (KIPs) which ordinarily include:
Preliminary Investigation
This is the closing phase in estimating and forecasting for our reports. In this stage face to face and telephonic exhaustive interviews are conducted to validate our conclusion and assumptions used to obtain the final data. The leading companies across the value chain including suppliers, technology providers, domain experts,and purchasers are approaching the interviewees to ensure a holistic and unbiased view of the market. These interviews are led over the world, with language boundaries defeat with the guide of local staff and translators. Primary interviews in information validation as well as give critical insights into the market, current business outline and future expectations upgrade the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants include
Leading market organizations
The key targets of primary research are as per the following:
To validate our data as far as exactness and adequacy
To pick up an understanding into the present market and future desires