Water Purifiers Market Expected to Achieve 7.8% CAGR by 2029: Growth Forecast Insights

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How Large Will the Water Purifiers Market Size By 2025?
In recent years, the market size for water purifiers has seen a significant increase. The market is expected to expand from $34.84 billion in 2024 to $36.83 billion in 2025, with a compound yearly growth rate (CAGR) of 5.7%. Factors contributing to the growth during the historic period include enhanced health consciousness, advancements in water purifier technology, economic development in emerging markets, an increase in disposable income, a growing population, increased urbanization, and governmental initiatives promoting pure water.

How Big Is the Water Purifiers Market Size Expected to Grow by 2029?
The market size of water purifiers is predicted to experience robust growth in the coming years, with projections estimating its value to increase to $49.77 billion in 2029 at a 7.8% compound annual growth rate (CAGR). Factors contributing to this growth during the prediction period include a shortage of clean water, increased awareness of diseases spread through water, and escalating levels of water pollution. Key trends forecasted for this period are the investment in the development of internet of things (IoT) connected water purifiers, in response to evolving consumer trends and to boost revenue, production of solar-powered water purifiers to minimize the environmental footprint, development of bespoke water purifiers due to their growing popularity and potential for revenue generation. Additionally, collaboration and partnerships with other companies for innovative product development or after-sales services, and mergers and acquisitions as growth strategies to broaden the customer base and geographical market presence are anticipated.

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Which Key Market Drivers Powering Water Purifiers Market Expansion and Growth?
The lack of safe drinking water is a key factor propelling the water purifier market. The United States National Ocean Service reveals that roughly 97.0% of global water is salty, leaving only 3.0% in various forms like ice, vapor, groundwater, and freshwater sources. The contamination of water due to rapid industrialization, urbanization, and population growth is a major concern. This contamination can take various forms like disinfection by-products, solvents and pesticides, arsenic, and more. Additionally, the depletion of water sources exacerbates the global safe water crisis. The requirement for treating or purifying water before consumption is fulfilled by water purifiers. For instance, UNESCO, a France-based UN agency, highlighted in March 2023 that around 2 billion people globally, accounting for 26% of the world's population, lack access to safe drinking water. Moreover, 3.6 billion people (46%) are bereft of safely managed sanitation resources. On top of that, between two and three billion people endure water shortages for at least a month every year. It's projected that by 2050, water scarcity amongst urban dwellers will double, affecting 1.7 to 2.4 billion individuals. Consequently, the escalating crisis of safe water scarcity is predicted to propel the demand for water purifiers in the upcoming years.

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Which Fast-Growing Trends Are Poised to Disrupt the Water Purifiers Market?
The rising trend in the water purifiers market is due to the increased usage of Internet of Things (IoT) technology in water purifiers. The IoT is a network that connects physical elements which can communicate and exchange data over the internet. This technology is applied to water purifiers to provide data on water quality, filter lifespan, total dissolved solids levels, and service support. An example is the recent release of the Mi Smart Purifier by Xiaomi, a Chinese smartphone manufacturer. This purifier is app-enabled and can be synced with the Xiaomi Home app, which provides information on total dissolved solids (TDS) and the remaining filter lifespan. Given that most new products are IoT-enabled, it's forecasted to be a significant trend in the water purifiers market.

What Are the Emerging Segments in the Water Purifiers Market?
The water purifiers market covered in this report is segmented -

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

Subsegments:
1) By RO Water Purifier: Standard RO Purifiers, RO + UV Purifiers, RO + UF (Ultrafiltration) Purifiers
2) By UV Water Purifier: UV Only Purifiers, UV + UF Purifiers, UV + RO Purifiers
3) By Gravity-Based Water Purifier: Ceramic Filter Purifiers, Activated Carbon Filter Purifiers, Multi-Stage Gravity Purifiers

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Who Are the Global Leaders in the Water Purifiers Market?
Major companies operating in the water purifiers 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, Shenzhen Angel Drinking Water Equipment Co. Ltd, Litree Purifying Technology Co. Ltd., Origin Water, Veolia UK, Suez Water Purification Systems Ltd, Luberon Water Technologies, Pure Aqua Inc, Carbo Tech, Aquaphor, Ecosoft, Barrier Water Filters, Petros Water, Ekodar, EuroClean, Kinetico Water Systems, Aquatech, A.O. Smith Corporation, GE Appliances, Salher, Genesis Water Technologies, Aqua Care, Aquaguard

Which are the Top Profitable Regional Markets for the Water Purifiers Industry?
Asia-Pacific was the largest region in the water purifiers market in 2024. North America was the second-largest region in the global water purifiers market share. The regions covered in the water purifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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