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Water Purifier Market Revenue Statistics, Share, Industry Analysis, Trends and Forecast to 2020-25

08-11-2020 06:36 AM CET | IT, New Media & Software

Press release from: IMARC Group

Water Purifier Market

Water Purifier Market

According to the latest report by IMARC Group, titled “Water Purifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global water purifier market size reached US$ 36.3 Billion in 2019. Water plays a vital role in sustaining life among plants, animals and human beings. However, as fresh water is only available in a very small fraction, there is currently a rise in the demand for water purifiers across the globe. Water purifiers assist in removing contaminants, such as toxins, bacteria, chemicals, harmful gases and suspended solids from water. They treat water to make it fit for human consumption and industrial usage, and aid in minimizing the risk of acquiring waterborne diseases.

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Purifier Market Trends:
Owing to rapid urbanization, inflating income levels and growing global population, there is a significant rise in the demand for food across the globe. Consequently, farmers are excessively utilizing agrochemicals to increase their overall production. These chemicals are released from farms and contaminate nearby water bodies, such as lakes, rivers and oceans. The resulting water pollution is further exacerbated by untreated wastewater and the effluents released from various industries. Therefore, there is a boost in the sales for water purifiers to meet the requirements of clean water in the residential and industrial sectors. Furthermore, some of the leading manufacturers operating in the industry are focusing on launching well-equipped products in the market that utilize advanced water purification technologies. On account of these factors, the market value is projected to reach US$ 59.5 Billion by 2025, expanding at a CAGR of 8.5% during the forecast period (2020-2025).

Market Breakup by Technology Type:
• Gravity Purifiers
• RO Purifiers
• UV Purifiers
• Sediment Filter
• Water Softener
• Others
Amongst these, RO purifiers exhibit a clear dominance in the market.

Market Breakup by Distribution Channel:
• Retail Stores
• Direct sales
• Online
Retail stores currently account for the majority of the total market share.

Market Breakup by End-User:
• Industrial
• Commercial
• Household
At present, the household sector holds the largest market share.

Market Summary:
Region-wise, Asia Pacific enjoys the leading position in the market. Other regions include Europe, North America, Latin America, and Middle East and Africa. The competitive landscape of the market has been examined, with some of the key players being:
• LG Electronics Inc.
• Unilever PLC/NV
• Panasonic Corporation
• Kinetico Incorporated
• Aquatech International LLC
• GE (General Electric) Appliances
• A.O. Smith Corporation
• Whirlpool Corporation
• Eureka Forbes Ltd.
• Pentair PLC
• Kaz USA Inc.
• Mitsubishi Rayon Cleansui Co. Ltd.
• Kent RO Systems Ltd.
• Tata Chemicals Ltd.
• Koninklijke Philips N.V.
• EcoWater Systems LLC
• 3M Company
• Ion Exchange Ltd.

Ask Analyst for Instant Discount and Download Report with Full TOC & List of Figure: https://www.imarcgroup.com/water-purifier-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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