Water Purifier Market is Predicted to Witness a Faster CAGR during the Forecast Period 2020-2027 | Industry Share, Size, Growth & Analysis
The Water Purifier Market is estimated to expand at a significant CAGR over the forecast period (2020-2027).
The factors driving the growth of Water Purifier Market includes rise in the number of waterborne diseases such as typhoid fever and cholera, scarcity of freshwater resources in the developing countries and increase in the pollution levels around the world. According to the report published by World Health Organization (WHO), almost 1.3 to 4.0 million cases of cholera are reported every year and 21,000 to 143,000 people die due to cholera, which is pushing consumers across the globe to install water purifying systems at their homes. Moreover, improvements in healthcare services, growing demand for portable purifier systems, rising installation of water purifiers at residential and commercial areas and easy availability of water filters and purifiers at online platforms, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable income and rapid urbanization, are further propelling the Water Purifier Market size.
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However, the growth of Water Purifier Market is hindered due to high maintenance costs of water filters.
The prominent players operating in the market are LG Electronics, Panasonic Corporation, Suez Water Technologies & Solutions (SUEZ), Amway Corporation, A. O. Smith Corporation, BWT AG, Tata Chemicals Ltd., Eureka Forbes Limited, Halo Source Inc and Kent Ro System Ltd., among others.
Based on Technology, the RO segment is predicted to capture the largest market share during the forecast period
RO Purifiers eliminates harmful metals like lead and calcium, removes chemicals from water and water filtered from RO purifiers improves digestion and enhances Metabolism, are some of the factors responsible for the segment's growth.
Based on Portability, the Non-portable segment is estimated to grow at a remarkable CAGR over the forecast period
Increasing adoption of non-portable water purifiers at hospitals and offices, are propelling the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to grow at a robust CAGR during the forecast period
As per the Water Purifier Market Report, rise in the installation of water purifiers at residential areas, increase in the number of waterborne diseases in India, growing disposable incomes, rapid urbanization, improvements in the living standards ang high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.
Segmentation by Technology
Segmentation by Distribution Channel
Segmentation by Portability
Segmentation by End User
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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