Press release
Water Purifier Market is Projected to Reach USD 51.62 Billion by 2030: Cognitive Market Research
Water Purifier Market is Projected to Reach USD 51.62 Billion by 2030: Cognitive Market Research
A water purifier is a tool that cleans and disinfects water so that it is fit for drinking and other uses by removing impurities and pollutants from it. In order to eliminate dangerous impurities from water, such as bacteria, viruses, heavy metals, chemicals, and sediments, water purifiers use a variety of filtering and purification methods, including reverse osmosis, ultraviolet (UV) sterilization, activated carbon, and ceramic filters. While some water purifiers are portable and can be used while camping or traveling, others are made for household or commercial use. Utilizing a water purifier can assist to enhance the flavour, aroma, and purity of water as well as lower the risk of contracting waterborne diseases.
Summary:
As per the study of CMR, the Global Water Purifier Market was valued at USD 25.46 Billion in 2022 and will reach USD 51.62 Billion by 2030 and is expected to grow at a CAGR of 9.4% during the forecast period (2023-2030).
To know more about The Water Purifier Market statistics click here: https://www.cognitivemarketresearch.com/water-purifier-market-report
Market Dynamics:
What are the driving factors for the Water Purifier Market?
Increasing awareness about purified water and the growing prevalence of waterborne diseases due to water pollution are the major driving factors for the global water purifier market. Considering the growing levels of water pollution and the risk of waterborne diseases, drinking safe water is a necessity and not an option. According to the U.S. Department of Health & Human Services, every year, waterborne infections result in 7,000 fatalities, 120,000 hospital stays, 7 million illnesses, and $3 billion in medical expenses. This is the reason why customers are preferring installation of water purifiers that uses advanced purification technologies to remove impurities in water. In addition, manufacturers are focusing on innovative technologies to introduce advanced water purifiers in the market, which is propelling market growth.
What are the opportunities and restraining factors for the Water Purifier Market?
The use of portable water purifiers due to their convenience and user-friendliness can create lucrative opportunities for the global water purifier market. However, the presence of alternative and traditional methods to purify the water can hamper the growth of the water purifier market.
Water Purifier Market Segmentation:
Type:
• Gravity Filters
• UV Filters
• RO Filters
• Others
Portability:
• Non-Portable
• Portable
On the basis of portability, the market is segmented into non-portable and portable water purifiers. Non-portable ware purifiers hold the largest market share due to their increasing use in both commercial and residential sectors. On the other hand, portable water purifiers are gaining attention, due to increasing awareness about these filters, and the increasing use of portable water purifiers by people, who are continuously traveling or need to move from one place to another.
Application:
• Residential
• Light Commercial
Based on applications the market is segmented into residential, and light commercial. The residential segment is the major contributor to the water purifier market, which is attributed to the increasing awareness about waterborne illness, the growing population, and increasing water pollution.
Distribution Channel:
• Offline
• Online
Based on distribution channels, the market is segmented into online and offline. The online segment is further classified into, Company-owned Websites, and E-commerce Websites. Further, the offline segment is bifurcated into Specialty Stores, Hypermarkets/Supermarkets, and Independent Retailers. The offline segment is holding the largest market share due to the customer preference of buying products according to their choice by physically examining the products. However, the online segment is estimated to grow with the highest CAGR due to the growing popularity of e-commerce platforms.
Competitive Analysis of the Water Purifier Market: 3M, BWT, Pentair, Unilever Pure it, Coway, Paragon, Mitsubishi Rayon, Culligan, Brita, Ecowater, Bluepure, Toray, Philips, Enmet, Panasonic, Purific, Midea, Qinyuan, QLIFE, K.clean, Litree, Angel, LAMO, Haier, Calux, Sacon, Imrita
Get free sample pages of the latest published Water Purifier Market Report: https://www.cognitivemarketresearch.com/water-purifier-market-report#request_sample
Regional Analysis:
Geographically, the APAC region is the dominating region for the global water purifier market. This growth is attributed to the increasing water pollution, growing population, and increasing R&D investments by the major market players. In addition, increasing per capita income and changing lifestyles are also contributing to the growth of the market in this region. In the APAC region, India is accounted as the largest market, owing to the strong investments in the water purification market by the major market players, such as Brita LP, LG, A.O Smith Corporation, and others. For instance, LG launched UF+UV Water Purifier in India at Rs 20,299 in 2022.
Water Purifier Market Industry News:
HUL's Pureit launched a new range of water purifiers to solve the increasing concern about toxic substances in drinking water (October 2022)
HUL's Purei has introduced the new range Pureit Vital Series, an innovative range of RO+UV+Minerals base water purifiers with FilterPower Technology, which is proven to filter out toxic substances like chemicals, dirt, waterborne pathogens, and others.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Water Purifier Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Water Purifier Market Segmentation
1.5.1 Water Purifier Market Regional Fragmentation
1.5.1 Water Purifier Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Water Purifier Market
• 3.1 Global Water Purifier Market Size 2018 - 2030, (USD Million)
• 3.2 Global Water Purifier Value, Absolute & Opportunity Analysis
• 3.3 Global Water Purifier Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Water Purifier Market Statistics 2022: Snapshot
Chapter 4 Global Water Purifier Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Water Purifier Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Water Purifier Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Water Purifier Market by Portability Segmentation Analysis (2018-2030)
Chapter 12 Global Water Purifier Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 13 Global Water Purifier Market Regional Analysis
Chapter 14 North America Water Purifier Market Outlook (2018 - 2030)
Chapter 15 Europe Water Purifier Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Water Purifier Market Outlook (2018 - 2030)
Chapter 17 Latin America Water Purifier Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Water Purifier Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Water Purifier Market TOC click here: https://www.cognitivemarketresearch.com/water-purifier-market-report#table_of_contents
Related Report:
• Oil Fume Purifier Market- https://www.cognitivemarketresearch.com/oil-fume-purifier-market-report
• Purifier Filters Market- https://www.cognitivemarketresearch.com/purifier-filters-market-report
• Air Purifiers Market- https://www.cognitivemarketresearch.com/air-purifiers-market-report
• Ozone Free Air Purifiers Market- https://www.cognitivemarketresearch.com/ozone-free-air-purifiers-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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