Smart Water Purifier Market Worth US$ 2,885.26 Million, Globally, by 2028 at 7.6% CAGR - Exclusive Report by The Insight Partners

According to our new research study on "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.

The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.

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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.

Competitive Landscape: Smart Water Purifier Market: 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 the leading companies operating in the global smart water purifier market.

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.

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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Concerning sales channel, the market is bifurcated into retail store, direct sales, and online stores. Geographically, the market is spread across North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

Impact of COVID-19 Pandemic on Smart Water Purifier Market

The COVID-19 outbreak had a drastically adverse impact on the world economy during its peak in 2020 and continues to shatter several countries' economies and industries. Until the outbreak of COVID - 19, the smart water purifier industry was experiencing substantial growth. However, the outbreak led to a notable slowdown in the production activities of various sectors deploying the use of market solutions. The various containment measures, such as lockdowns, business shutdown, and trade restrictions, negatively impacted the production and supply chain of smart water purifier market until the second half of 2020 and during the second large outbreak in 2021.

To comprehend global Smart Water Purifier market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)

The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data from 2020 to 2028, and forecast to 2028.
• The structure of global Smart Water Purifier market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.

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About Us:
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, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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