Press release
Global Water Purifiers Market: Rising Scarcity of Safe Water Drives Market Growth with 8.2% CAGR forecasted from 2025 to 2029
Water Purifiers Market Size
What Is The Projected Market Size Of The Global Water Purifiers Market And Its Growth Rate?
The global water purifiers market is exhibiting continued growth:
• 2024 Market Size: $34.25 billion
• 2025 Market Size: $36.49 billion (6.5% CAGR)
• 2029 Market Size: $50.1 billion (8.2% CAGR)
The market growth is driven by increasing health awareness, rise in disposable income, and governmental initiatives for pure water.
What Is Driving The Growth In The Water Purifiers Market?
The global increase in water scarcity is a leading driver of growth in the water purifier market. Contaminated water due to increasing industrialization and urbanization and diminishing water resources are resulting in a global safe water crisis. Water purifiers, thus, have become essential for treating water before consumption. For example, the UNESCO reports that about 2 billion people globally lack access to safe drinking water and around 3.6 billion people have no access to safely managed sanitation. By 2050, it is expected that the number of people in urban areas experiencing water scarcity will double, reaching 1.7 to 2.4 billion. This rise in the scarcity of safe water is expected to boost the demand for water purifiers over the forthcoming years.
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Who Are the Key Players Driving Water Purifiers Market Growth?
Notable companies in the market include:
• LG Electronics Inc.
• Panasonic Corporation
• Pentair PLC
• DuPont
• Coway Co. Ltd.
• Unilever N.V.
• Whirlpool Corporation
• The 3M Company
• Brita
• Culligan International Company
• Kent RO
• Xiaomi
• Livpure
• Midea Group
What Are The Key Trends In The Water Purifiers Market?
Key trends:
• Development of internet of things (IoT) enabled water purifiers to capitalize on consumer trends.
• Manufacturing of solar powered water purifiers to reduce environmental footprint.
• Collaboration with other companies to provide innovative products and post-purchase services.
• M&A growth strategies to expand customer base and geographic markets.
What Are The Segments Of The Global Water Purifiers Market?
Market segments:
1) By Technology Type: RO Water Purifier, UV Water Purifier, Gravity-Based Water Purifier
2) By Portability: Portable, Non-Portable
3) By Device Type: Wall Mounted, Countertop And Tabletop, Faucet-mounted, Under-The-Sink (UTS)
4) By Distribution Channel: Retail Stores, Direct Sales, Online
5) By End-User: Industrial, Commercial, Household
Which Region Leads The Water Purifiers Market?
Asia-Pacific was the largest region in the water purifiers market in 2024, with North America being the second-largest. The regions covered in the water purifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Water Purifiers Market Global Market Report?
• Market Size Analysis: Analyze the Water Purifiers Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Water Purifiers Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Water Purifiers Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Water Purifiers Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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