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Water Purifier Market - Latest Scenario and Future Aspect Analysis 2022-2031
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Water purifiers are devices that are used to remove impurities from water. These impurities can be in the form of dissolved minerals, bacteria, viruses, and other contaminants. Water purifiers are designed to remove these impurities from water so that it is safe to drink. There are a variety of different water purifier designs and technologies that are available on the market today.
Key Trends
Water purifier technology is constantly evolving to meet the needs of a growing population. The key trends in water purifier technology include:
1. Increased Efficiency: Newer water purifier models are designed to be more efficient, using less water and energy to produce clean, potable water.
2. Enhanced Filtration: Newer water purifiers feature enhanced filtration systems that can remove a wider range of contaminants, including viruses, bacteria, and chemicals.
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Market Segments
The water purifier market is segmented by technology, end-user, portability, and region. By technology, the market is classified into UV, RO, and gravity-based. Based on the end-user, it is bifurcated into commercial, and residential. On the basis of portability, it is divided into portable, and non-portable. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global water purifier market includes players such as Amway Corporation, A. O. Smith Corporation, Best Water Technology, Eureka Forbes Ltd, Halo Source Inc, Kent RO System Ltd, LG Electronics, Panasonic Corporation, Suez Water Technologies & Solutions, Tata Chemicals Ltd, and others.
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Key Drivers
The key drivers of the water purifier market are as follows:
Increasing awareness about the health benefits of consuming clean water: The rising awareness about the harmful effects of consuming contaminated water is expected to drive the demand for water purifiers in the coming years.
Stringent government regulations regarding the quality of water supplied to households and commercial establishments: The governments of various countries have introduced stringent regulations regarding the quality of water supplied to households and commercial establishments.
Rapid urbanization and industrialization across the globe: Rapid urbanization and industrialization across the globe are anticipated to lead to the increased contamination of water sources.
Increasing disposable incomes and changing lifestyle preferences of consumers: The increasing disposable incomes and changing lifestyle preferences of consumers are projected to create lucrative opportunities for market players in the coming years.
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