Market Research Future Insights
According to market research future insights analysis, the global water purifier market is expected to register a CAGR of ~ 17.58% from 2022 to 2030 and hold a value of over ~ USD 175.54 billion by 2030.
Incorporating cutting-edge technologies will enable well-established firms to invest in smart purifiers. The desire for water purifiers that can track usage and deliver alerts or notifications after their maintenance cycle will help the market share of water purifiers grow. Water purifier manufacturers will invest in Asia Pacific and Latin America due to the significant demand from growing economies.
Get a Free Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/2178
Industry participants will continue to invest in technical developments because of the rising demand for immune systems and weight loss products. Due to the high maintenance costs of filters, leading corporations may find it difficult to increase their penetration in the next years. Due to the global shortage of drinkable water, increased urbanization, and expanding industrialization, the need for these cleaners is on the rise.
Regional Analysis
North America dominated the market for water-purifier in 2021. Industry insiders anticipate significant investments in point-of-use filters for lighter applications in the U.S. and Canada. The market prognosis for North America will be favorable as point-of-entry filters become more prevalent in residential and commercial applications. Over the coming years, RO filters and other water purification technologies will continue to gain popularity in the region.
Asia Pacific is expected to register lucrative growth in the market for water-purifier. Because of the region's growing population, especially in China and India. Because of nuclear families and the population increase, the number of homes is increasing. As a result, the market for water purifiers is being driven. An increase in the population's disposable money, an increase in the prevalence of waterborne diseases, an increase in water pollution due to industrial expansion, and an increase in health issues.
Market Segmentation
The global water-purifier market has been segmented into technology, end user, distributional channel and portability.
Based on product type, the market has been segmented into Uv, RO and gravity-based. The RO segment accounted for the largest share of the market in 2021. RO (Reverse Osmosis), employed in both industrial processes and the production of consumable water, can remove a wide range of biological species (basic microbes) and degraded and dispersed chemical species from water. These cutting-edge filters are highly advised for treating hard water because they can remove 99% pollutants.
Request For Customization @ https://www.marketresearchfuture.com/ask_for_customize/2178
The market has been segmented based on end users into commercial and residential. The residential segment accounted for the largest revenue share in 2021 in the water-purifier market. The demand is fueling the residential segment's rise as people are becoming more conscious of the dangerous contaminants and germs that are present in the water that is delivered to homes and other sectors.
Based on portability, the market has been segmented into portable and non-portable. The portable segment accounted for the largest revenue share in 2021 in the market for water-purifier. Due to their convenience and use, portable water purifiers account for a significant portion of the worldwide water purifier industry. The ideal users of these cleaners are those who engage in extreme sports like mountain climbing.
Based on distributional channels, the market is segmented into retail, direct, and online sales. Direct sales are dominating the market in 2021. Since professional installers install water purifiers, save clients money, and provide free maintenance services for a set amount of time, besides retail segment is projected to show significant growth in the market. Due to their convenience and use, portable water purifiers account for a significant portion of the worldwide water purifier industry.
Key Players
Some of the key market players are
- amway corporation
- O. SMITH CORPORATION (AQUASANA INC.)
- BEST WATER TECHNOLOGY
- EUREKA FORBES LIMITED
- HALO SOURCE INC.
- KENT RO SYSTEM LTD
- LG ELECTRONICS
- Panasonic Corporation
- SUEZ WATER TECHNOLOGIES SOLUTIONS
- Tata Chemicals Ltd
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL WATER PURIFIER MARKET, BY PRODUCT TYPE 20
1.1.2 GLOBAL WATER PURIFIER MARKET, BY END USE 21
1.1.3 GLOBAL WATER PURIFIER MARKET, BY REGION 22
2 MARKET INTRODUCTION 23
2.1 SCOPE OF THE STUDY 23
2.2 RESEARCH OBJECTIVE 23
2.3 MARKET STRUCTURE 24
2.4 KEY BUYING CRITERIA 24
3 RESEARCH METHODOLOGY 25
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 28
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS LIMITATIONS 30
4 MARKET INSIGHTS 31
Continue…
Speak to the Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/2178
Also, More Related Reports –
