Global Water Purifier Market: Introduction
Water purifier is mainly used to remove different type of adulterations from water with aid of a physical barrier, chemical process, or biological process. Water purification is the transition of dirty harmful water into clean safe and drinkable water. Water purification process means freeing water from any kind of impurity as it may contain such as contaminants or microorganisms in it. The global Water Purifiers Market is expected to value at approximately US$ 51.02 Bn in 2019, and is expected to register a CAGR of 8.8 %.
Global Water Purifier Market: Dynamics
Growing awareness regarding presence of impurities and pathogens in water supplied to residential and commercial sectors has increased demand for water purifying technologies in the recent years and is a major factor expected to drive the growth of the target market. In addition, increasing contamination of water bodies owing to rapid industrialization and growing population has resulting in increasing number of health issues cases. Moreover, increasing demand for water purifier from urban areas as water supplied by the municipal corporations in urban areas is not considered safe to drink and requires further purification, which in turn expected to drive growth of the global market over the forecast period.
However, government initiatives by various countries for development of effective water treatment and wastewater treatment plants, in order to supply purified water or drinking water to people living in urban and rural areas is a major factor expected to hamper the global water purifiers market to significant extent. For instance, according to EPA, around 53,000 municipal water utilities offer drinking water to commercial, residential, and industrial customers in the US. Municipal water utilities may be owned by local government, private nonprofit, or private for-profit entities. In addition, various local players that manufactures, assembles, and sale water purifiers at very competitive rates without following any quality norms or certification is a factor expected to hamper revenue growth of the major players by selling products at competitive prices.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application, distribution channel, and region. The product type segments include gravity purifier, RO purifier, UV purifier, sediment filter, water softener, and others. The application segments include residential and non-residential. The distribution channel segments include e-commerce and retail stores. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Product Type:
The RO purifier segment is expected to account for highest revenue share contribution as compared to other product type segments, and is expected to register a CAGR of over 9% between 2018 and 2027
The residential segment is projected to account for highest revenue share as compared to that of other application segments, and register a CAGR of over 8.8% over the forecast period
By Distribution Channel:
The retail stores segment is projected to account for highest revenue share as compared to that of other distribution channel segments, and register a CAGR of over 8.3% over the forecast period
The market in North America accounted for highest revenue share in the global water Purifiers Market. The market in Asia Pacific is projected to register highest CAGR of over 9% in the global market over the forecast period.
Global Water Purifiers Market: Competitive Analysis
The research report on the global Water Purifiers Market include profiles of some of major companies such as Forbes & Company Limited (Eureka Forbes Limited), Unilever PLC (Hindustan Unilever Limited), Kent RO Systems Ltd., Panasonic Corporation, Whirlpool Corporation, Mitsubishi Chemical Holdings Corporation, Tata Chemicals Limited, Koninklijke Philips N.V (Philips Electronics Ltd.), Ecolab, Inc. (Aquatech International LLC), and A.O. Smith Corporation.
The Global Water Purifiers Market: Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global water Purifiers Market for 2018–2028.
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