Press release
Water Purifier Market Expected to Grow at a CAGR of 8.28% by 2023, Leading Players-LG Electronics, Unilever N.V., Panasonic Corporation, Kinetico Inc., Aquatech International LLC, GE Appliances, A.O. Smith Corporation, Whirlpool Corporation, Eureka Forbes
Water Purifier Market
The market of water purifiers has grown considerably in recent years due to the awareness of a healthier life. The shortage of drinking water has led national governments to provide clean drinking water to the population. This has driven the demand for water purifiers around the world. In addition, the growth of industrialization in several regional zones has caused the contamination of bodies of water, thus depleting freshwater resources. Pure drinking water is the essential element of a healthy lifestyle, but current innovation makes it impossible to find clean water from available sources. Therefore, it is absolutely necessary to have water purification systems in homes, industries, business units and all other establishments. For this reason, the market is experiencing unprecedented demand from around the world. Diseases such as cholera, typhoid fever and pneumonia are due to the consumption of polluted and impure water. To reduce the amount of these diseases, it is important to have water purification systems.
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Water Purifier Market Size Analysis:
As per our report, the size of the Global Water Purifiers Market stood at USD 8310 Million in 2013 and USD 10550 Million in 2016 and our analysts predicted this market will grow at a CAGR of 8.28% during 2018 to 2023 to reach a market size of USD XX Billion by 2023 end.
Water Purifier Market Drivers and restraints:
The main drivers of growth in the global market for water purifiers include increasing levels of disposable income for customers, increasing number of water-borne diseases, industrial development that leads to water pollution and growing concerns about health. However, the growing demand for bottled drinking water is a limiting factor that hinders the growth to some extent. Low market penetration in rural areas is one of the main challenges faced by stakeholders due to lack of awareness about health and sanitation.
Water Purifier Market Geographical segmentation:
Geographically, the global market is studied in the regions of North America (United States, Canada and Mexico), Europe (Western Europe, Russia and others), Asia-Pacific (China, Japan, South Korea, India) and others) and LAMEA (Brazil, Middle East and others). The South American market ranks second in the regional table with a forecast CAGR of 5.9% between 2017 and 2025. It is also expected that North America will post a decent CAGR of 5.7% during the same period.
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Leading Players in this Water Purifier Market Report are:
The leading market players are LG Electronics, Unilever N.V., Panasonic Corporation, Kinetico Inc., Aquatech International LLC, GE Appliances, A.O. Smith Corporation, Whirlpool Corporation, Eureka Forbes Ltd., Pentair Plc, Ion Exchange, Kaz USA, Inc., Mitsubishi Rayon Cleansui Co., Ltd., Kent RO Systems Ltd., Tata Chemicals Ltd., Philip Electronics, and EcoWater Systems LLC.
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About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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