(I-BusinessNews.Com, October 18, 2019 ) Market Overview:
The increasing urbanization coupled with the rise in disposable income has increased the construction of swimming pools. With the construction of swimming pools, the water treatment equipment market is on boost for keeping the pools clean.
Swimming Pool Water Treatment Equipment are various devices used for treating the water in the pool. Swimming pool water must undergo treatment, to remain clear and clean, free from harmful substances, bacteria, viruses, algae and other pathogens and suitable for use by swimmers. The demand for these components is largely driven by rising new build market which deals with the construction of new swimming pools and aftermarket which provides services like centralized control, maintenance, upkeep and improvisation of existing pool bases.
The Swimming Pool Water Treatment Equipment Market is primarily driven by the increasing demand for safe and aesthetic pool environment to bolster the performance of swimming pool water treatment market. Increase in the urbanization and growing need for the personal swimming pools has made the market to grow for the Swimming pool water treatment equipment to grow significantly in the forecast period.
However, the seasonal trend of Swimming Pool use will hinder the swimming pool water treatment equipment market. As Swimming pool are used in the summer seasons only, and most the countries with higher share have the extreme temperatures in winter, making the market for swimming pool water treatment equipment to lose out in the winter season.
By product type, the Swimming Pool Water Treatment Equipment Market is segmented into All in one equipment and Traditional equipment. Traditional equipment holds dominance in the product type segment. However, with the rise in technology. All in one equipment will surpass the traditional equipment market in the forecast period.
By application, the Swimming Pool Water Treatment Equipment Market is segmented into Residential and Commercial. Residential have higher dominance in the swimming pool water treatment equipment market due to the rapid urbanization and the rising need for lavish lifestyle by the people, and with the rising need for pools impacts the rise for the swimming pool water treatment equipment market. However, Commercial will rise with the higher CAGR for the forecast period due to the increase in tourism all around the world creating demands for the lavish hotel stays with pools.
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
Europe holds the largest market share for Swimming Pool Water Treatment Equipment Market due to population growth, higher disposable income, pleasant climates and dependence on tourism, is poised to fuel growth throughout Europe’s national markets.
However, North America is after Europe in terms of the market share of Swimming Pool Water Treatment Equipment Market, due to the increasing number of households with swimming pools in them. In 2017, According to the Association of Pool & Spa Professionals, there are approximately 10.4 Million residential swimming pools, with that number expected to grow in coming years and hence, the market for swimming pool water treatment equipment market will grow for the forecast period.
The major players include Pentair, Hayward, Fluidra, Emaux, AQUA, Pahlen, Culligan, and Sterling. Other key players in the market include Firsle, MIURA, Carefree Clearwater, Kurita, Speck Pump, Prominent, Zodiac, Intec America, Miox, CIPU, Denor, Hairunde, Wuxi Bibo, Rightleder, Kelan Water, Zhengzhou Pafific, and Zhengzhou Langjing.
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