Water Purifier Market Trends 2021: COVID-19 Impact 2021: Global Industry Analysis, Opportunity Assessment and Forecast to 2023
Market Overview
Global Market for Water Purifiers, in terms of value, is estimated
to reach a value of USD 78.6 Billion by 2025, registering a 17.37% CAGR during
the forecast period.
The report covers the segmentation and drivers for a better
glimpse of the market in the coming years. Water purifiers have witnessed a
significant growth in adoption rates over the past few years owing to the
increasing awareness about water-borne diseases and technological advancements
in water purifiers. The World Health Organization (WHO) organizes many
campaigns to raise awareness regarding health and safety issues among
individuals. Such campaigns are often aimed at educating the population
regarding the causes of illness. According to the WHO, unsafe drinking water, sanitation,
and hand hygiene lead to approximately 4 billion cases of diarrhea, every year,
across the globe. The rising cases of cholera and other serious illnesses such
as guinea-worm disease, typhoid, and dysentery are increasingly prompting
individuals to drink pure water, creating a demand for water purifiers.
Request a
Free Sample @ https://www.marketresearchfuture.com/sample_request/2178
Competitive Analysis
Global Water Purifier Market is characterized by
the presence of many local, regional, and global vendors. The market is highly
competitive, with all the players continually competing to gain a larger market
share. High competition, rapid advances in technology, frequent changes in
government policies, and stringent environmental regulations are some of the
critical factors that could restrain the market growth. The vendors compete in
terms of cost, product quality, reliability, and aftermarket services. Vendors
must provide cost-effective and efficient products to survive and succeed in a
competitive market environment.
The growth of the vendors is dependent on market
conditions, government support, and industrial development. Thus, the vendors
should focus on expanding their presence and improving their services. A. O.
Smith, Unilever, EcoWater Systems LLC, Panasonic Corporation, Coway Co., Ltd.,
KENT RO Systems Ltd., and Livpure Pvt. Ltd. are some of the key players
operating in the global market. These companies compete in terms of
availability, quality, price, and technology and consider product development
& acquisition as their key strategies in the global Water Purifier Market. Although the international players are dominating the market,
regional and local players with small market shares also have a significant
presence. The international players may strengthen their presence in the global
market by heavily investing in product development during the forecast period.
Segmental Analysis
Increasing
awareness about water-borne diseases and technological advancements in water
purifiers will spur market growth. The global water purifier market has been
segmented based on products, devices, and end-user.
Based on the product, the global market has been segmented into RO
water purifier, UV water purifier, and activated carbon filters. In 2019, the
RO water purifier segment accounted for the largest market share of 54.8%, with
a market value of USD 27,481.7 million. It is projected to register a 17.13%
CAGR during the projected timeframe.
Based on
devices, the market has been segmented into wall-mounted, countertop, tabletop,
faucet-mounted, and under-the-sink (UTS).
Based on
end-user, the global market has been segmented into residential and commercial.
In 2019, the residential segment accounted for a considerable market share of
71.9%, with a market value of USD 36,069.1 million. It is projected to register
an 18.25% CAGR over the forecast period.
Regional Analysis
Based on
region, the report on the global water purifier market has been segmented into
North America, Europe, Asia-Pacific, and the rest of the world.
With the
highest population density in countries such as China and India, Asia-Pacific
dominates the global water purifier market. The market has been experiencing
rapid growth in the last two to three years, owing to the growing commercial
sector, rising preference towards purified water, and government initiatives.
The population of these regions has also been increasing, which is expected to
boost market growth further. India has considerable demand for water purifiers.
The key factors that are driving the Indian market are the rapidly developing
economy, government initiatives for pure water, and growing population.
North America is one of the largest markets for
water purifiers during the forecast period. Factors that drive the regional
market include the increased demand for household products, scarcity of clean
water, and growing population. The growing awareness of water-borne diseases
backs this. The US holds the largest share of the North American water purifier
market. The rising concerns for optimal water use across all sections of
society drive the market.
Browse Full Report Details @
https://www.marketresearchfuture.com/reports/water-purifier-market-2178
About Market Research Future:
Market Research Future® (Part of WantStats Research And Media Pvt.
Ltd.) has the distinguished objective of providing the optimal quality research
and granular research to clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help answer your most important questions.
Our Research Analysts are eager to share their knowledge and
assist you in refining market research parameters, choosing right market
studies, and evaluating both the market scope and the research methodologies of
varied segments.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Comments
Post a Comment