This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Home » Contractors benefit from offering home water treatment services
A plumbing company found that adding water treatment services led to an additional 25% in revenue, including additional yearly market growth. For plumbing and HVAC companies looking for a new business segment to engage in, the home water treatment market has a number of factors that will make this a profitable endeavor. Currently, a convergence of economic and technological support has made water treatment a teeming market of opportunity for service providers looking to augment their service lines with water treatment installation and maintenance services.
For illustration purposes, an HVAC or a plumbing company that operates with $500,000 in sales could see an additional $125,000 in sales. The American residential home water treatment market was valued at $1.9 billion in 2014 (bit.ly/2dQHTLL) with recent numbers estimating the demand to grow at 5.9% per year (bit.ly/2dD15fN). This signals an ample opportunity for service providers to be part of a growing trend in consumer awareness — a need for healthy and sustainable drinking water. Inevitably, there are costs to starting such an endeavor but given the opportunities and insights from a company that has navigated the journey, the opportunity remains ripe for businesses looking to diversify and expand their revenue streams.