Smart Water Purifier Market Size Worth $2,885.26 Million By 2028 | CAGR 7.6%: The Insight Partners

According to the new research report published by The Insight Partners, titled "Smart Water Purifier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Connectivity, Technology, Sales Channel, End User, and Geography," the market is projected to reach US$ 2,885.26 million by 2028 from US$ 1,732.23 million in 2021. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028.

In May 2021, Virgin Pure had explained the benefits of the Virgin Pure water system. A water system is a single, stylish device installed by Virgin Pure engineers in homes and offices across the UK that provides unlimited, instant, pure boiling, or chilled H2O. Virgin Pure is playing an important part in making Britain plastic-free.

In April 2022, A.O. Smith Corporation announced the acquisition of Giant Factories, Inc., a Canadian manufacturer of residential and commercial water heaters, for approx. US$ 192 million. The acquisition strengthens the company's leadership position as a global water treatment giant.

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Smart Water Purifier Market: Competitive Landscape and Key Developments

Virgin Pure, 3M, AO SMITH WATER TECHNOLOGIES, LG Electronics, Livpure Smart Homes Private Limited, Membrane Solutions, LLC, Eureka Forbes, KENT RO SYSTEMS LTD, Coway USA Inc., and Xiaomi Corporation are among the key players in the global Smart Water Purifier market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Decreasing drinking water supplies in several emerging nations such as India and China in Asia Pacific and a few countries in Africa lead to a rise in expenditure on smart water purification infrastructure. Increasing awareness campaigns by leading health organizations such as WHO to combat the water crisis and shortage of clean drinking water will also aid smart water purifier market proliferation in the forthcoming years. These organizations are also sponsoring water purifier firms, which, in turn, has prompted manufacturers to announce better offers in these areas to maximize profits. They sell low-cost water filtering systems, such as 'Cycloclean,' created by Japan's Nippon Basic Company. This is a water purification bike explicitly made for isolated areas. Another example worth mentioning is the launch of the compact cigar-shaped water filter tube by LifeStraw Water Filters and Purifiers.

Some companies are also engaging in partnerships and collaborations to generate revenues. For example, Whirlpool Corporation is extending its distribution and production capabilities to broaden its regional reach. Pureit also established its business in India by partnering with community-based water plants, providing a lucrative opportunity for the growth of the smart water purifier market during the forecast period. The global smart water purifier market is analyzed on four fronts: Connectivity, technology, sales channel, and end-user. Based on the connectivity, the smart water purifier market is segmented into Wi-Fi, Bluetooth, and Smart App. By technology, the market is classified into ultra-filtration (UF), ultraviolet (UV), reverse osmosis, multi-stage purifiers, and others. In terms of the end user, the market is categorized into residential, commercial, and industrial.

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Increasing Demand for Smart Water Purifiers in Developing Nations Creating Growth Opportunities
Decreasing drinking water supplies in several emerging nations, such as India and China in Asia Pacific and a few countries in Africa, leads to a rise in smart water purification infrastructure expenditure. Increasing awareness campaigns by leading health organizations such as WHO to combat the water crisis and shortage of clean drinking water will also aid the proliferation of the smart water purifier market in the forthcoming years.

These organizations are also sponsoring water purifier firms, which, in turn, has prompted manufacturers to announce better offers in these areas to maximize profits. They sell low-cost water filtering systems such as 'Cycloclean,' created by Japan's Nippon Basic Company. This is a water purification bike made specifically for isolated areas. Another example worth mentioning is the launch of a compact cigar-shaped water filter tube by LifeStraw Water Filters and Purifiers.

Some companies are also engaging in partnerships and collaborations to generate revenues. For example, Whirlpool Corporation is extending its distribution and production capabilities to broaden its regional reach. Pureit also established its business in India by partnering with community-based water plants, providing a lucrative opportunity for the growth of the smart water purifier market during the forecast period.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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