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APAC Water Purifier Market Growth 2023- By COVID-19 Impact on Industry Trends, Share, Key Manufacturers, Business Challenges, Investment Opportunities and Forecast Research Report 2032: SPER Market Research
The market for water purifiers has recently suffered as a result of the lockdowns in COVID 19 that have been enacted in many countries. These lockdowns have temporarily halted the production of water purifiers since the pandemic outbreak. Manufacturing businesses are having trouble since there is a reduction in the demand for their products and supply interruptions for their component parts. Additionally, several countries saw restrictions on business operations, such as curfews, which reduced the demand for water purifiers for all businesses except those providing essential services.
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APAC Water Purifier Market Overview (2022-2032)
Forecast CAGR (2022-2032): 15%
Forecast Market Size (2032): 93 billion
But in developing countries like China and India, there are still sizable semi-urban and rural areas that are underdeveloped. Household water filtration systems are therefore regarded as being vital, especially in metropolises and metropolitan areas, due to the rising microbiological and chemical contamination of surface water sources. The pandemic epidemic has had a significant effect on the water purifier market recently. However, it is anticipated that as regional governments prepare to progressively lift the lockdowns, the need for water purifiers would rise once more in the following months.
Impact of COVID-19 on the APAC Water Purifier Market
Due to the lockdowns implemented in numerous nations, the water purifier market has suffered recently. Since the pandemic breakout, these lockdowns have temporarily stopped the production of water purifiers. Due to a decline in product demand and disruptions in the supply of component parts, manufacturing enterprises are experiencing difficulties. Additionally, numerous nations saw conditions like curfews when businesses (apart from those providing critical services) were not permitted to operate, which has had a negative influence on the demand for water purifiers. To make water suitable for a particular usage, a purification system called a water purifier is used to remove gases, undesirable compounds, chemicals, and suspended solids.
Large semi-urban and rural areas, however, are still undeveloped in growing nations like China and India. Due to the increasing microbiological and chemical contamination of surface water sources, household water filtration systems are therefore considered to be essential, particularly in metropolises and metropolitan areas. . The market for water purifiers has been substantially impacted in recent months by the pandemic outbreak. However, it is projected that the need for water purifiers would increase again in the upcoming months as various governments get ready to gradually lift the lockdowns.
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APAC Water Purifier Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Technology:
Gravity-based Purifiers
Reverse Osmosis Purifiers
Sediment Filters
Ultrafiltration
By Mode of Operation:
Counter Top
Faucet Mount
Pitcher Filter
Replacement Filter
Shower Filter
By Probability:
Non-Portable Water Purifiers
Portable Water Purifiers
By Distribution Channel:
Direct Sales
Online Sales
Retail Stores
Other
By End User:
Commercial Offices
Educational Institutes
Healthcare
Hospitality
Household
Industrial Sector
Other
By Region:
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Rest of APAC
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
APAC Water Purifier Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 3M Company, A.O. Smith Corporation, Amway Corporation, Best Water Technology, Brita GmbH, Culligan International Company, Eureka Forbes Ltd., Halosource Source Inc., Kent RO System Ltd., LG Electronics Inc., Panasonic Corporation, Pentair Plc, Suez S.A., Tata Chemicals Limited, Whirlpool Corporation.
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