Water Purifiers Market 2020 to 2030 by Product scope, Overview and Opportunities

Global Water Purifiers Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

According to the study, the global water purifiers market is expected to grow from $35.05 billion in 2019 and to $35.72 billion in 2020 at a growth rate of 1.90%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $46.27 billion in 2023 at a CAGR of 9.01%.

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Key Players:

Xiaomi, Livpure, LG Electronics Inc., Unilever NV, Panasonic Corporation, Kinetico Inc, Aquatech International LLC, GE Appliances, A.O. Smith Corporation, and Whirlpool Corporation, request a sample for a complete list of companies.

The leading players of the industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.

Summary

The water purifiers market consists of the sales of water purifiers and related services. Water purifiers are the devices used to purify water from the biological contaminants, toxins, harmful chemicals & gases, and other impurities such as solid particles so that it can be safe for drinking. It also decreases the level of hazardous pollutants in it and making it suitable for the industries before releasing it into the water bodies.

The Asia Pacific was the largest region in the water purifiers market in 2019. North America was the second-largest region in the water purifiers market in 2019.

The increased usage of the internet of things technology (IoT) enabled water purifier is an emerging trend in the water purifiers market. The Internet of Things is a network that contains interrelated physical components that can be accessed using the internet for collecting and exchanging data. In water purifiers, the Internet of things is used to give information on the water quality, life of the filters, total dissolved solids levels, and service support. For instance, MI (Xiaomi), a Chinese smartphone manufacturer recently launched the Mi Smart Purifier which is an app-enabled and can be linked to the Xiaomi Home app. The app gives the data of total dissolved solids (TDS), and remaining filter life. Most of the recent products nowadays are enabled by the internet of things, so it is expected to be an emerging trend in the water purifiers market.

High maintenance and equipment cost is expected to hinder the growth of the water purifier market during the period. The average cost of water purifiers ranges from USD 100 to $2,773 depending on the model and it needs repeated maintenance, especially in the case of Reverse Osmosis Purifiers which require a maintenance every 3 to 12 months depending on the usage of water. The maintenance cost ranges from USD 120 to USD 750, which cannot be afforded by the people living in rural areas or those belonging to under the poverty range population. Consequently, high equipment and maintenance cost is anticipated to hinder the growth of water purifiers.

In January 2020, Dupont, an American company, acquired Desalitech an Israel-based Desalination Corporation, which uses a technology named closed-circuit reverse osmosis (CCRO) for an undisclosed amount. Dupont aims to improve the reuse of wastewater and the acquisition will bring the CCRO technology to the company and it will reduce the cost of the water life cycle and promote 95% percent of its recovery. It will support the business strategy of Dupont in accelerating productivity by the introduction of this innovative technology. Desalitech is a global leader in reverse osmosis whose patented technology is widely used in municipalities and industries as if offers a high recovery rate with minimal manpower and cost.

Markets Covered:
1) By Technology Type: RO Water Purifier; UV Water Purifier; Gravity-Based Water Purifier
2) By End-User: Industrial; Commercial; Household
3) By Distribution Channel: Retail Stores; Direct Sales; Online
4) By Portability: Portable; Non-Portable
5) By Device Type: Wall Mounted; Countertop; Tabletop; Faucet-mounted; Under-The-Sink (UTS)

Market Segment by Regions:

Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

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Frequently Asked Questions about “Water Purifiers market” :

What will the Water Purifiers market size/ forecast be in 2030?
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Which is the top growing segment/application/end-user industry?
What will be the impact of COVID-19 Pandemic (Coronavirus) on the industry?

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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This release was published on openPR.