Growing awareness and an increase in the demand for clean water is driving market demand for residential drinking water treatment equipment in countries like India and China, according to an industry analysis.
The global residential drinking water treatment equipment market will grow at a steady CAGR of close to 10% during 2016-2020, according to London-based Technavio is a leading global technology research and advisory company.
Rapid industrialization around the world has led to the contamination of water sources and even depletion in some parts of the world, it pointed out.
Even though developed countries have stringent regulations in place for treating and disposing wastewater from industries, the demand for residential water treatment equipment is quite high.
Market trends indicate that the need for water treatment equipment in developing countries is on the rise due to the unsuitability of drinking water.
According to Sayani Roy, a lead research analyst at Technavio for energy research, “Water purification is gaining prominence due to the shrinking water resources across the world and increasing wastewater disposal costs.
“The depletion of fresh water resources is leading to the use of more chemicals for water treatment to make it safe to drink, thereby necessitating the use of water purification systems.
“Water purification systems can remove the disease-causing contaminants from the water and improve the quality of water,” he said. fii-news.com
