Press release
Global Household Water Purifier Filter Market Share 2022 Growth Challenges, Opportunities and Future Trends 2028
The global household water purifier filter market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). The major factor expected to drive the market growth is the increase in waterborne diseases such as cholera, diarrhea, typhoid, lead poisoning, and intestinal worms which are caused by contaminated drinking water. In addition, rising urbanization and industrialization such as chemical and power plants globally release hazardous and toxic materials into ponds, rivers, lakes, reservoirs, and other water bodies that have resulted in polluted water. These factors also support the global household water purifier filter market to grow further during the forecast period. Furthermore, technological innovations for product differentiation as vendors in the market are focusing on product innovation and differentiation to gain significant market share and attract more consumers to their brands, and the growing importance of water treatment solutions in developing countries are further boosting the growth of the global household water purifier filter market during the forecast period.Some major players in the market include A. O Smith Corp., Culligan International Company, and Kent Ro Systems Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in September 2021, Advert International entered into a partnership with Shapoorji Pallonji Group to purchase the majority stake of more than 72% in Eureka Forbes Ltd. It is also added that the transaction was valued at around $582 million and the acquisition will combine their expertise to enhance their market place in the domestic and over as water treatment industry. Further, in March 2021, Samsung Electronics Co., Ltd. announced the launch of the NSF-certified and customizable water purification units with multi-facer, ambient, and hot-cold options. The company also added that with this launch the company aimed to focus on penetrating the South Korean market and benefit from the stay-at-home trend encouraged by the pandemic.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology
o By Media Type
o By Sales Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- A. O Smith Corp., Culligan International Company, and Kent Ro Systems Ltd., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
A full report of Global Household Water Purifier Filter Market is available at:
https://orionmarketreports.com/global-household-water-purifier-filter-market/108876/
Global Household Water Purifier Filter Market Report by Segment
By Technology
• Gravity Purifiers
• RO Purifiers
• UV Purifiers
• Sediment Filters
• Water Softener
By Media Type
• Single and Dual Phase
• Cartridge
• Multimedia
By Sales Channel
• Hypermarket/ Supermarket
• Specialty Stores
• Online
• Others
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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