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.