Report ID: SQMIG25F2055
Report ID:
SQMIG25F2055 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
70
Traditionally, the region that has long led the global home water filtration unit market is North America, particularly the US and Canadian markets. The region’s willingness to install water filtration systems stems is only one of the factors that have fueled segmental growth and others include concerns over contaminants like lead and chlorine, a rising level of awareness about water quality, and regulations stipulating strict water quality standards. This region towers over the other market segments which are still expanding. The rise of North America has steadied, though it remains to be slow.
Compared to the slow and steady pace of North America, the Asia-Pacific segment is growing rapidly in the market. This quick development in the region can be attributed to several factors. They are as follows: the higher incomes of the regional population, the heightened awareness of water poisoning and other unclean water problems in countries like India and China. These reasons, coupled with the increasing number of people moving to urban areas, has helped the region grow with this spectacular speed. Consumers in this region are increasingly demanding home water filtration systems as a result of rising worries about waterborne diseases and the necessity of higher-quality drinking water. This market is an appealing target for both investors and producers as it is predicted to continue its upward trajectory of market growth.
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Report ID: SQMIG25F2055