Press release
Water Purifier Worldwide Market Technology and Research - Water Purifier Industry Trends, Growth, Demand and Forecast Till 2022
Research Beam added report on “World Water Purifier Overview, Analysis, Demand, Report, Trends, Growth and Research – Water Purifier Market by Technology (Gravity Purifier, UV Purifier, RO Purifier), End-User (Commercial, Residential) and Channels of Distribution (Retail Stores, Direct sales, Online) - Global Opportunity Analysis and Industry Forecast, 2015 - 2022”Research Beam study says Water Purifier Market is expected to garner $45.3 billion by 2022, registering a CAGR of 10.4% during the forecast period 2016-2022, Request Sample Copy @ http://www.researchbeam.com/water-purifier-market/request-sample
Water purifiers are equipment enabled to remove biological contaminants, suspended solids, toxins, harmful gases & chemicals, bacteria, fungi and other such impurities from contaminated water and making it safe for drinking. The penetration of water purifiers is relatively higher in developed regions while huge semi urban and rural areas in developing countries still remain untapped. Water purifiers emerged as a primary necessity for urban consumers in developing economies, since a decade, due increase in the level of water pollution. Countries such as India and China are likely to unfold attractive business opportunities in water purifier market in the coming years, due to huge customer base and high levels of water pollution.
The primary growth facilitators of world water purifier market includes rise in levels of disposable income of customers, increased incidences of waterborne diseases, industrial development leading to water pollution and rising concerns towards health. However, increasing demand for packaged drinking water acts as a restraining factor, limiting the growth to a certain extent. Low market penetration in rural areas, is amongst the major challenges faced by the players due to lack of awareness towards health and sanitation.
Segment Review:
World water purifier market is segmented on the basis of technology, end-user, channels of distribution and geography. Segmentation on the basis of technology includes gravity purifier, UV purifier and RO purifier. RO water purifiers are projected to be the fastest growing segment during the forecast period, owing to increase in water pollution and rapid urbanization & industrialization. Moreover, RO water purifier segment is also expected to exhibit lucrative growth opportunities in future. Based on the end-user, the segmentation includes commercial and residential users. Further, market segmentation on the basis of channels of distribution includes retail stores, direct sales and online. Geographically, the classification includes North America (U.S., Canada, Mexico), Europe (Western Europe, Russia & others), Asia-Pacific (China, Japan, South Korea, India & others) and LAMEA (Brazil, Middle East & others).
TOP FACTORS IMPACTING WORLD WATER PURIFIER MARKET
New product development
The renowned market players have focused on launching well-equipped products with advanced water purification technologies. These players have heavily invested in research & development activities to introduce water purifiers equipped with reverse osmosis, ozone, ultra-violet, ultra-filtration, activated carbon, and candle filtration technologies. Moreover, purifiers installed with Wi-Fi technology and filter pitchers have been launched in the market. The market players are expected to launch more innovative products & solutions to cater to growing demand for potable water.
Deteriorating quality of water
Diminishing quality of water is a serious health hazard. It poses huge risks to health causing various water-borne diseases. The declining water quality is a result of dumping untreated sewage, chemicals, pesticides, nutrients and garbage from industries, agriculture and municipal corporations into waterbodies. Most of the water supplied by municipal authorities in urban areas is unsafe to drink and requires further decontamination from heavy metals, virus, cysts, bacteria and other toxins. Industrialization is expected to rise leading to increased water pollution in coming years thus creating an increase in demand of water purifiers.
KEY BENEFITS
• The study provides an in-depth analysis of the global water purifier market with current and future trends to elucidate the prominent investment pockets for investors.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
• The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
• Quantitative analysis of the current trends and forecast from 2016 to 2022 are provided to showcase the financial attractiveness of the market.
• Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market and the competitive rivalry among them.
• Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
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