Residential water treatment devices help eradicate undesirable chemicals, gases, suspended solids or biological contaminants from water, thus making it safe to consume. The residential water treatment devices market has been experiencing stable growth over the years due to: improved availability of purification and filtration devices, wide product choice, and growth in population, with the last factor having resulted in increased contamination of fresh water sources and rise in construction of new residential buildings.
Drivers, Restraints & Trends
Total population of the Middle East & Africa stood at approximately 346 million in 2015 and is expected to grow at a rate of 2% per annum. The Middle East & Africa market is also witnessing mass migration of people to urban centers, leading to increased demand for water purifiers in these centers.
Economies of North Africa, on the other hand, have also been expanding at a healthy growth rates in the last few years, a factor which in turn is expected to further fuel growth of the overall residential water treatment devices market in the MEA region. GCC region is witnessing entry of globally established water purifier brands, which has resulted into increased competition in the market. Increased competition, in turn, ensures marginal decline in price of residential water treatment devices in the retail market.
Residential Water Treatment Devices - Driven By Development of Cities and Economic Growth in This Arid Region: Middle East Industry Assessment and Opportunity Assessment; 2015 - 2025Buy Now
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