LONDON--(BUSINESS WIRE)--Technavio has been monitoring the residential water treatment equipment market in US and it is poised to grow by USD 932.17 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
- The residential water purifiers are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
- Increasing availability of technologically advanced products is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 6%, the incremental growth of the market is anticipated to be USD 932.17 million.
- Who are the top players in the market?
- 3M Co., A. O. Smith Corp., Breville Group Ltd., Culligan International Co., EcoWater Systems LLC, Kinetico Inc., Koninklijke Philips NV, Pentair Plc, Qingdao Haier Co. Ltd., and Whirlpool Corp are some of the major market participants.
- What are the key market drivers and challenges?
- Smart water purifiers are one of the major factors driving the market. However, the low marketing budget of key players restraints the market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., A. O. Smith Corp., Breville Group Ltd., Culligan International Co., EcoWater Systems LLC, Kinetico Inc., Koninklijke Philips NV, Pentair Plc, Qingdao Haier Co. Ltd., and Whirlpool Corp. are some of the major market participants. The smart water purifiers will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Residential Water Treatment Equipment Market in US 2020-2024: Segmentation
Residential Water Treatment Equipment Market in US is segmented as below:
-
Product
- Residential Water Purifiers
- Others
-
Distribution channel
- Online
- Offline
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Residential Water Treatment Equipment Market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The residential water treatment equipment market in US report covers the following areas:
- Residential Water Treatment Equipment Market Size in US
- Residential Water Treatment Equipment Market Trends in US
- Residential Water Treatment Equipment Market Analysis in US
This study identifies increasing availability of technologically advanced products as one of the prime reasons driving the residential water treatment equipment market growth in US during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Residential Water Treatment Equipment Market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist residential water treatment equipment market growth in US during the next five years
- Estimation of the residential water treatment equipment market size in US and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the residential water treatment equipment market in US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of residential water treatment equipment market vendors in US
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by product
- Residential water purifiers - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by product
Market Segmentation by Distribution Channel
- Market segments
- Comparison by distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by distribution channel
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- A. O. Smith Corp.
- Breville Group Ltd.
- Culligan International Co.
- EcoWater Systems LLC
- Kinetico Inc.
- Koninklijke Philips NV
- Pentair Plc
- Qingdao Haier Co. Ltd.
- Whirlpool Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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