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The global point-of-use water treatment systems market size is projected to grow from USD 16.2 billion in 2021 to USD 25.3 billion by 2026, at a CAGR of 9.3% from 2021 to 2026. The point-of-use water treatment systems market is expected to witness significant growth in the future due to the increasing demand for clean drinking water, increasing water contamination, growing human population, growing awareness about the benefits of water treatment, and technological innovations in the water treatment industry.
+ In July 2019, Pentair entered into a definitive agreement to acquire Pelican Water Systems. Pelican Water Systems provides residential water treatment systems. The addition of Pelican Water Systems will strengthen Pentair’s business by offering new growth opportunities through its innovative products and multi-channel approach. This strategy is expected to provide more options to consumers to buy water treatment solutions. Through this acquisition, the company expands its core water treatment products in the residential home water business.
+ In February 2019, As part of Filtration Solutions, the company acquired Aquion, Inc. (“Aquion”). This acquisition has expanded its product portfolio and strengthened its geographical footprint, thereby multiplying its customer base.
+ In April 2020, Panasonic entered into the central purifier business in Indonesia for domestic use of well water. Using the rapid oxidation process, this device eliminates hard-to-remove iron to provide clean water for a safe and healthy life. This expansion strengthened its geographic footprint and enhanced its customer base in the Asian water purification market.