An incremental growth of US$1.12 billion is expected in the residential water treatment equipment market in the US during 2021-2025, according to a Technavio report.
Entitled Residential Water Treatment Equipment Market in US by Product and Distribution Channel – Forecast and Analysis 2021-2025, the report pointed out factors such as the increasing availability of technologically advanced products, the concerns about the quality of water, and the increased use of recycled water will offer “immense” growth opportunities. To leverage the current opportunities, the report recommends market vendors to strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Furthermore, the report highlighted the residential water treatment equipment market in the US “is fragmented”, and “the degree of fragmentation will accelerate” during the forecast period.
The report offers insights into the impact of the COVID-19 pandemic on the residential water treatment equipment market in the US in optimistic, probable, and pessimistic forecast scenarios; and an analysis of around 25 vendors operating in the US market. Some of the vendors of the residential water treatment equipment market in the US in the household appliances industry include 3M, A.O. Smith, Breville USA, Culligan International, EcoWater Systems, Haier Smart Home, Kinetico, Koninklijke Philips, Pentair, and Whirlpool.