Increasing consumer spending on health and wellness products will continue to push sales in urban clusters, such as Rio de Janeiro, Santiago, Caracas, and Buenos Aires.
In South America, the residential water treatment equipment sales remain concentrated in Brazil – which accounts for over 60% share of the region’s market value. In 2016, the residential water treatment equipment market in South America is anticipated to attain a market value of over US$ 300 million. Future Market Insights, in its latest study on the residential water treatment equipment market in South America, offers a comprehensive analysis on key factors expected to impact market growth through 2026.
South America’s residential water treatment equipment sales will surpass 12 million units in volume by the end of 2026 – increasing at a stellar CAGR of 10.2%
Key Excerpts from Analysis of South America’s Residential Water Treatment Equipment Market
By the end of 2016, reverse osmosis equipment sales in Brazil are projected to account for a market value of US$ 88.3 million
In 2016, UV purification systems will attribute to more than 30% share of the overall market value in South America
Low product availability remains a key challenge impeding market growth
Advanced purification technologies & high-end RO-based water purifiers are witnessing low demand owing to unstable product pricing across South America