The global water purifier market size is expected to reach USD 47.53 billion by 2028, exhibiting a CAGR of 7.2% during the forecast period. The advent of technologically advanced smart water purifiers will bolster healthy growth The water purifier market is a rapidly growing industry that offers solutions for treating and purifying water for various uses such as drinking, industrial processes, and healthcare.
The water purifier market is a rapidly growing industry that offers solutions for treating and purifying water for various uses such as drinking, industrial processes, and healthcare. The market for water purifiers is driven by the increasing demand for safe and clean drinking water due to growing water pollution and the need for a healthy lifestyle.
The market is segmented by technology, end-use, and geography. The major technologies used in water purifiers include RO (Reverse Osmosis), UV (Ultraviolet), UF (Ultrafiltration), and activated carbon. End-use segments include residential, commercial, and industrial sectors.
In terms of geography, Asia-Pacific is the largest market for water purifiers due to the high population density and increasing urbanization. Other regions such as North America, Europe, and Latin America are also significant markets for water purifiers.
Some of the key players in the water purifier market include Kent RO Systems Ltd, Eureka Forbes Limited, Hindustan Unilever Limited, LG Electronics Inc., Panasonic Corporation, and Pentair Plc, among others.
The water purifier market is expected to continue its growth trajectory due to the increasing demand for safe and clean water, government initiatives for promoting the use of water purifiers, and technological advancements in water purification technology.
COVID-19 Impact:
Lack of Manpower at Manufacturing Units to Diminish Market
The supply chain disruption caused by the pandemic has resulted in an immense losses for the global market. The shortage of laborers has halted the production process at various facilities. For instance, Pentair PLC, a leading supplier of water purification systems, recorded slow production and operations due to ‘shelter in place’ orders from governance. Nevertheless, some companies are adopting business plans to mitigate the effect of the epidemic. Similarly, governments are modifying loan policies & supporting cash flow for small & medium scale manufacturing. According to the WaterWorld Magazine, in 2020, around 44% of Water and Wastewater Equipment Manufacturers Association (WWEMA) manufacturing members and 60% of WWEMA representative members were helped through the Federal Payroll Protection Program in the U.S.
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Key Players:
- O. Smith Corporation (USA)
- Brita LP (USA)
- Pentair PLC (USA)
- Culligan International Company (USA)
- Unilever PLC (UK)
- Panasonic Corporation (Japan)
- LG Electronics (South Korea)
- Helen of Troy Limited (USA)
- Best Water Technology Group (Austria)
- Kent RO Systems Ltd. (India)
- iSpring Water Systems LLC (USA)
- The 3M Company (USA)
A comprehensive report has been prepared on the Global Water Purifiers Market using extensive primary research (industry experts, companies, stakeholders) and secondary research to provide valuable insights into the Global Water Purifiers Market for the period 2012-2016 as well as projections depicting where the Global Water Purifiers Market is expected to stand in the forecast period 2017-2022.
The Global Water Purifiers Market has been segmented on the basis of value (in billion USD), type (Reverse Osmosis, Ultra Filtration, Ultra Violet, Others), end user (Residential, Commercial, Industrial), region (North, America, Europe, Asia Pacific, Middle East, Latin America), country (USA, Canada, France, Germany, China, Japan, India, KSA, UAE, Mexico, Brazil).
As Western markets have become increasingly saturated with limited room for expansion, the Global Water Purifiers Industry will have to increasingly rely upon the developing markets in the Asia Pacific and Latin America as well as capitalize upon the growing demand for desalination in Middle Eastern countries to ensure long term sustainable growth.
Potable water is becoming increasingly scarce not only due to rising consumption by a growing population but also because the unchecked discharge of sewage and industrial waste into surface water, declining ground water levels due to overexploitation, poor maintenance of drainage systems resulting in wastage of water due to leaks and contamination of water due to rusting of pipes which has resulted in a sharp decline in the quality of water that is supplied through public networks.
In addition to making the water unfit for drinking and cooking, contamination of water limits its usefulness in irrigation, commercial activities and industrial operations adversely affecting economic productivity.
Several purifier types are available in the market which is capable of filtering the different impurities present in the water.
Laboratory Water Purifier Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 11.6 % from 2019 to 2026.
Asia-Pacific accounts for the major share in the global laboratory water purifier market.
Request Sample: https://www.accurizemarketresearch.com/report/laboratory-water-purifier-market/sample-request Market Introduction and Market Dynamics The key market factors fueling the growth in the global laboratory water purifier market is the technological advancement, the rise of the e-commerce sector, and their increasing number of applications.
Moreover, the rapid adoption rate of standardization and the extending application territories of lab water purifiers in different research facilities would unfold attractive growth opportunities for the market in the future years.
By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Japan, China, Russia, India, Australia, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market.
