New Delhi, July 20, 2022 (GLOBE NEWSWIRE) — Global Residential Water Treatment Market is flourishing owing to the growing public health concerns, continuous improvement of water purifier technology along with the expanding residential constructions…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Residential Water Treatment Market was worth USD 21.38 billion in the year 2021. The market is projected to grow at a CAGR of 7.1%, earning revenues of around USD 34.29 billion by the end of 2028. The Global Residential Water Treatment Market is booming due to the growing demand for water treatment systems in households as a result of rising water pollution and urban population growth. Moreover, because of the shortage of freshwater resources, both developed and emerging nations experience water scarcity issues. As a result, governments have increased their focus on water treatment technology to provide clean and usable water. This supported the market for residential water treatment during the forecast period (2022-2028). Furthermore, Global Residential Water Treatment Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, due to the high cost of water treatment equipment, the price of water treatment technology has gone up…
