COVID-19 Impact & Recovery Analysis | Residential Water Treatment Equipment Market In US 2020–2024 | Smart Water Purifiers to boost the Market Growth | Technavio

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.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

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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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Residential Water Treatment Equipment Market in US 2020–2024: Segmentation

Residential Water Treatment Equipment Market in US is segmented as below:

• Product
• Distribution channel
• Residential Water Purifiers
• Others
• 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.