Water Purifier Market to Reach US$ 78.1 Billion by 2028 | CAGR of 9.35%

According to the latest report by IMARC Group, titled "Water Purifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global water purifier market size reached US$ 46.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.35% during 2023-2028.

Water purifiers are systems designed to filter out impurities and biological contaminants, such as toxins, chemicals, bacteria, harmful gases, and suspended solids, from the water. They employ distillation and deionization processes to reduce the concentration of particulate matter present in the water, making it safe for human consumption and industrial use. As a result, water purifiers find extensive applications across various industries that require clean and potable water, including pharmaceutical, food and beverages (F&B), chemical, textile, and petroleum.

Industry Outlook:

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

Also Read, Top 10 Leading Key Players in the Water Purifier Market: https://www.imarcgroup.com/top-leading-keyplayers-water-purifier-market

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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This release was published on openPR.