According to the latest report by IMARC Group, titled “Water Purifier Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” the global water purifier market reached a value of US$ 42.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.9 Billion by 2027, exhibiting at a CAGR of 9.4% during 2022-2027.
Water plays a vital role in sustaining life among plants, animals and human beings. However, as fresh water is only available in a very small fraction, there is currently a rise in the demand for water purifiers across the globe. Water purifiers assist in removing contaminants, such as toxins, bacteria, chemicals, harmful gases and suspended solids from water. They treat water to make it fit for human consumption and industrial usage, and aid in minimizing the risk of acquiring waterborne diseases.
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Global Water Purifier Market Trends:
Owing to rapid urbanization, inflating income levels and growing global population, there is a significant rise in the demand for food across the globe. Consequently, farmers are excessively utilizing agrochemicals to increase their overall production. These chemicals are released from farms and contaminate nearby water bodies, such as lakes, rivers and oceans. The resulting water pollution is further exacerbated by untreated wastewater and the effluents released from various industries. Therefore, there is a boost in the sales for water purifiers to meet the requirements of clean water in the residential and industrial sectors. Furthermore, some of the leading manufacturers operating in the industry are focusing on launching well-equipped products in the market that utilize advanced water purification technologies.
Read More: Top 10 Leading Key Players in the Water Purifier Market
Global Water Purifier Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key players:
The competitive landscape of the market has been examined, with some of the key players being:
- LG Electronics Inc.
- Unilever PLC/NV
- Panasonic Corporation
- Kinetico Incorporated
- Aquatech International LLC
- GE (General Electric) Appliances
- A.O. Smith Corporation
- Whirlpool Corporation
- Eureka Forbes Ltd.
- Pentair PLC
- Kaz USA, Inc.
- Mitsubishi Rayon Cleansui Co., Ltd.
- Kent RO Systems Ltd
- Tata Chemicals Ltd.
- Koninklijke Philips N.V.
- EcoWater Systems LLC
- 3M Company
- Ion Exchange Ltd.
Market Breakup by Technology Type:
- Gravity Purifiers
- RO Purifiers
- UV Purifiers
- Sediment Filter
- Water Softener
- Others
Based on the technology type, the market has been segmented into gravity purifiers, RO purifiers, UV purifiers, sediment filters, water softeners and others. Amongst these, RO purifiers exhibit a clear dominance in the market.
Breakup by Distribution Channel:
- Retail Stores
- Direct sales
- Online
On the basis of the distribution channel, the market has been segregated into retail stores, direct sales and online. Retail stores currently account for the majority of the total market share.
Breakup by End-User:
- Industrial
- Commercial
- Household
The market has been classified on the basis of the end user into industrial, commercial and household sectors. At present, the household sector holds the largest market share
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
- Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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