South Korea Point Of Use Water Treatment Systems Market Size & Outlook
South Korea point of use water treatment systems market, 2018-2030 (US$M)
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South Korea point of use water treatment systems market highlights
- The South Korea point of use water treatment systems market generated a revenue of USD 983.0 million in 2022 and is expected to reach USD 2,016.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.4% from 2023 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2022.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
Point of use water treatment systems market data book summary
| Market revenue in 2022 | USD 983.0 million |
| Market revenue in 2030 | USD 2,016.3 million |
| Growth rate | 9.4% (CAGR from 2022 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | 3M Co, Koninklijke Philips NV, Pentair PLC, Panasonic Holdings Corp, Unilever PLC, LG Electronics Inc ADR, EcoWater Systems, A.O. Smith Corp, Amway Malaysia Holdings, Culligan International |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.8% of the global point of use water treatment systems market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China point of use water treatment systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,131.7 million by 2030.
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Point Of Use Water Treatment Systems Market Scope
Point Of Use Water Treatment Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea point of use water treatment systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to point of use water treatment systems market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 40.38% in 2022. Horizon Databook has segmented the South Korea point of use water treatment systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
According to the U.S. Department of State, South Korea stands out as an appealing investment destination for foreign entities, primarily attributed to its political stability, robust logistics, and advanced information and communications infrastructure.
The U.S.-Korea Free Trade Agreement (KORUS), implemented in 2019, has additionally enhanced investment inflow from the U.S. Macro-level factors, including increasing income and spending capacity, further supporting the expansion of the point of use water treatment systems industry.
Notably, the trend of elevated consumer spending on outdoor dining and processed foods in response to rising income contributes to the favorable conditions for the growth of this industry in South Korea. The Yoon administration in South Korea, as per the announcement by the land ministry, plans to introduce 2.7 million new homes nationwide from 2023 to 2027, according to Xinhua news.
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Our clientele includes a mix of point of use water treatment systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea point of use water treatment systems market , including forecasts for subscribers. This country databook contains high-level insights into South Korea point of use water treatment systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea point of use water treatment systems market size, by application, 2018-2030 (US$M)
South Korea Point Of Use Water Treatment Systems Market Outlook Share, 2022 & 2030 (US$M)
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