Water Treatment Equipment Demand Spikes

The recent hurricanes coupled with increased water quality concerns are driving immediate demand for residential water treatment equipment in North America, according to market research firm Frost & Sullivan (www.frost.com). New analysis from Frost & Sullivan, North American Residential Water Treatment Equipment Markets: Investment Analysis and Growth Opportunities, shows the residential water treatment equipment market earned revenue of $1.48 billion in 2004 and estimates it will reach $2.29 billion in 2011 with a seven-year growth rate of 6.5 percent. Much of the new investment is expected to shift from basic treatment equipment to more sophisticated high-end point-of-use and point-of-entry products. According to the study, the residential North American water treatment equipment market is rather mature. However, the study says increased awareness of drinking water contamination is a key to market growth. Companies need to educate individuals more about the water contaminants and the effectiveness of their products in treating these contaminants. — Flow Control Staff