Press release
Water Purifier Market to Reach US$ 78.1 Billion by 2028 | CAGR of 9.35%
Water Purifier Market
The growing consumer awareness regarding the consumption of safe drinking water majorly drives the global market. This can be attributed to the accelerating prevalence of water-borne illnesses, such as diarrhea, cholera, typhoid, hepatitis A, and dysentery among individuals. Due to the presence of dissolved solids, contaminants, and chemical substances and other toxic materials, the need for water purifiers has rapidly increased, thereby catalyzing the market. Moreover, the rising initiatives undertaken by several public organizations for providing safe water, leading to high demand for water purification systems across rural and geographically extended locations, are contributing to the product demand. Furthermore, the launch of environment-friendly water purifiers, such as gravity-based water purifiers, to minimize carbon footprints is creating a positive market outlook.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Growth:
The increasing need for potable water and the rising water pollution levels due to untreated wastewater and effluents released from numerous industries represent the primary factors driving the market growth. Besides this, the growing incidences of waterborne diseases have escalated the product demand as water purifiers assist in minimizing the risk of acquiring these diseases. Additionally, governments of various countries are taking favorable initiatives to spread awareness regarding the harmful effects of impure water on human health. Along with this, the rising health consciousness among the masses has accelerated the adoption of water purifiers. Furthermore, the leading manufacturers are focusing on research and development (R&D) activities to launch innovative product variants equipped with advanced water purification technologies to expand their customer base and gain a competitive edge in the industry. This, in line with the introduction of next-gen water purifiers, such as reverse osmosis (RO), ultraviolet (UV), ultra-filtration (UF), and activated carbon filters, has propelled the market growth. Other factors, including the emergence of smart purifiers, inflating consumer disposable incomes, elevating living standards, rapid urbanization, and increasing investments in water recycling projects, are also providing a positive impact on the market growth.
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Key Players Included in Global Water Purifier Market Research Report:
• LG Electronics Inc.
• Unilever PLC/NV
• Panasonic Corporation
• Kinetico Incorporated
• Aquatech International LLC
• GE (General Electric) Appliances
• A.O. Smith Corporation
• Whirlpool Corporation
• Eureka Forbes Ltd.
• Pentair PLC
• Kaz USA, Inc.
• Mitsubishi Rayon Cleansui Co., Ltd.
• Kent RO Systems Ltd
• Tata Chemicals Ltd.
• Koninklijke Philips N.V.
• EcoWater Systems LLC
• 3M Company
• Ion Exchange Ltd.
Breakup by Technology Type:
• Gravity Purifiers
• RO Purifiers
• UV Purifiers
• Sediment Filter
• Water Softener
• Others
Breakup by Distribution Channel:
• Retail Stores
• Direct sales
• Online
Breakup by End-User:
• Industrial
• Commercial
• Household
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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