How Big is the Water Purifier Market ? :
According to the latest report by IMARC Group, titled “Water Purifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global water purifier market size. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global water purifier market size reached US$ 46.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 78.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.35% during 2023-2028.
What is Water Purifier ? :
A water purifier is a device or system designed to cleanse and treat water, removing undesirable chemicals, organic contaminants, gases, and biological pollutants from it. It is frequently employed to supply clean water for drinking, cooking, and other residential needs, but it is also crucial in a number of industrial uses.Depending on the specific requirements and contamination levels, it employs diverse methods such as filtration, sedimentation, distillation, or disinfection. As water quality diminishes in many regions due to pollution and over-exploitation of resources, the need for water purification systems has become paramount. Water purifiers are now considered a necessity rather than a luxury in numerous households and industries worldwide, thus occupying a significant position in the global market.
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Top Water Purifier Brands Worldwide:
- 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
Global Water Purifier Market Growth and Demand:
The global water purifier market is witnessing substantial growth, underpinned by the escalating awareness regarding the importance of clean and safe drinking water, coupled with the deterioration of water quality in many regions. Additionally, technological advancements are paving the way for innovative, energy-efficient, and user-friendly water purification solutions, attracting a wider consumer base. Along with this, the rise in urbanization and growing disposable income are further propelling the market as more consumers invest in quality water purification systems. In addition, government initiatives, regulations, and incentives to ensure water safety are also influencing the growth positively.
Apart from this, the emergence of smart water purifiers equipped with IoT and AI technology is a trend shaping the future of the market. These intelligent systems offer features such as remote monitoring and automatic maintenance, enhancing user convenience. Moreover, the growing emphasis on eco-friendly products with low energy consumption aligns with global sustainability goals. Furthermore, the integration of advanced technology, consumer awareness, regulatory support, and the focus on sustainability are creating a positive market outlook.
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Breakup by Technology Type:
- Gravity Purifiers
- RO Purifiers
- UV Purifiers
- Sediment Filter
- Water Softener
Breakup by Distribution Channel:
- Retail Stores
- Direct sales
Breakup by End-User:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (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
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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