Based on the Census 2011 data on Drinking
Water by Households, 70% of households in urban India rely on tap water
while 27% rely on ground water for their everyday needs. The sources of water
might be contaminated with microbes such as viruses, bacteria, fungus and other
pathogens. Other chemical contaminants such as heavy metals, nitrates,
pesticides, etc. can further degrade the quality of water and make it 100%
unadulterated for consumption. Drinking contaminated or inappropriately managed
water can make an individual vulnerable to various health risks such as
cholera, diarrhoea, dysentery, hepatitis A, typhoid, and polio. According to World
Health Organization, some 829,000 people are estimated to die every year
due to unsafe drinking water, hand hygiene, and sanitization. However, the
deaths of 297,000 children aged under 5 years could be prevented each year if
these risk factors are addressed effectively.
Thanks to plethora of purification technologies
available in the market, consumers can now opt for water purifiers to drink
clean water, free from water-borne life-threatening contaminants. In the
current scenario where fear of contamination and germs has become a real
threat, people are ready to spend money on purchasing the best quality water
purifiers. Besides making the water
cleaner for consumption, water purifiers also improve the taste and smell of
water, removing the excess concentration of TDS like sodium, calcium,
magnesium, etc., which has led to their growing demand in commercial spaces
like offices, restaurants, resorts, etc. Increased government initiatives by
international organizations and government bodies to aware people about the
ill-effects of drinking contaminated water have further accelerated the growth
of global water purifiers market.
According to TechSci research on “Global Water Purifiers Market By Technology (Membrane, Media & UV), By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America), Competition, Forecast & Opportunities, 2015 – 2026”, Global water purifiers market stood at USD 41.22 billion in 2019 and is forecast to grow at a CAGR of 8.06% during 2020-2026 to reach USD 68.09 Billion by 2026, on account of deteriorating water quality, rapid industrialization and increasing awareness about waterborne diseases. Increasing water pollution due to continuous industrial expansion and unmonitored waste discharge into water sources is deteriorating the quality of water. With rising health concerns among consumers, demand for water purifiers is expected to grow at a robust pace during forecast period.
Driving factors for Global Water Purifiers Market
Rising levels of water pollution
As per the UN report, increasingly polluted rivers
in Africa, Asia and Latin America are putting approximately 300 million people
at risk. Many of the diseases can be attributed to the presence of human waste
in water due to lack of proper sewer management systems. However, industrial
pollutants such as factory wastes, fertilizers and pesticides used in
agriculture, and dumping of human bodies and dead animals are further
contaminating water to high toxic levels. Water pollution kills more people
every year than war and violence combined due to outbreaks of water-borne
diseases. Most of the water supplied by municipal authorities is unfit for
drinking, thus people are increasingly purchasing water purifiers, especially
in the developing economies for pure drinking water.
Increasing awareness
Understanding the importance of quality of water
for human use, various international organizations are working to increase
awareness about the ill-effects of consuming drinking water. Some of the UN
initiatives that are helping to raise the issue includes World Water Day
(advocating “Clean Water for a Healthy world”), UN-Water Thematic Priority Area
on Water Quality and UN-Water Taskforce on wastewater management. Aggressive
marketing campaigns launched by the water purifier manufacturers also helped in
raising awareness about the ill-effects of drinking toxic or unfiltered water.
Initiatives by Non-Profit Organizations and government bodies also helped to
raise awareness and influence people to utilize advanced water purification
system to maintain good health and hygiene.
Emergence of advanced technology in water purifiers
As more brands are jumping into the global water
purifiers market, rising competition has encourages manufacturers to utilize
the most advanced technology to attract potential customers. For instance,
activated carbon filter in water purifiers not only reduce the toxicity levels
of water by removing chlorine and VOCs, but also improves the taste and odour
of water. Another advanced technology that has revolutionised the water
purifier market is Ultraviolet light. The UV light water purifiers are
chemical-free, cost-effective and leaves no harmful bi-products or wastewater.
The major innovations in water purification systems can be attributed to the
growth of global water purifiers market.
Rising disposable income
Water purifiers are not cheap, but certainly a
great investment for your health. With the increasing amount of water
pollution, boiling water is insufficient to remove toxins. The chemicals and
toxins need to be eliminated using the advanced technology that most water
purifiers offer. People with rising disposable income are investing a great
deal in maintaining health and hygiene, especially in the developing economies.
As more and more people are becoming economically stronger, there have been
significant demand for water purifiers, which has been ultimately fuelling the
growth of global water purifiers market.
Rapid urbanization
As people continue to descend from villages to
urban setups, the demand for water purifiers continue to boost. With increasing
standards of living and awareness about health and hygiene, urban people are
employing advanced water purifiers at home for reducing the health risks
associated with water-borne diseases. The extensive demand for water purifiers
from growing number of industries, factories, commercial spaces, etc. are also accelerating
the growth of global water purifiers market.
Growth in sales channels
Rise in the use of e-commerce and omni-channel
retail with increasing global internet penetration has boosted the sales of
water purifiers in the recent years. The online platforms enable consumers to
compare specification, prices, and features, and offer lucrative discounts to
attract potential buyers. Eliminating the need to visit a brick-and-mortar
store to make a purchase, the e-commerce platforms offer convenience and
at-home delivery, which motivates customers to purchase products. Thus, growth
of e-commerce has been significant in propelling the demand for water purifiers
globally.
Growing adoption of solar water purifiers that
offers clean drinking water without electricity, owing to limited availability
of non-renewable resources and rising
use of portable water purification devices, which care used to treat
contaminated water in remote areas could boost the growth of global water
purifiers market.
Impact of coronavirus on the global water purifiers market
The closing down of retail stores,
financial crunch among consumers, production halt, and disruption in the global
supply chain due to the outbreak of coronavirus pandemic declined the sales of
water purifiers significantly. However, as the offices and workspaces closed
and people started facing the scarcity of bottled water, there was an increase
in demand for household water purifiers. People moved to e-commerce platforms
to purchase water purifiers rather than visiting a brick-and-mortar store to
purchase water purifiers due to lockdown restrictions. Also, the coronavirus
outbreak has had a positive impact in generating awareness about health and
hygiene products and increased the inclination of consumers towards
health-benefitting products, which could further fuel the growth of the global
water purifiers market in coming years. The unprecedented global crisis and
reduced cross-border foreign direct investment flows could limit the market
growth to a significant extent.
Challenges for global water purifiers
market
Lack of awareness among the rural
population regarding the ill-effects of contaminated water is a major challenge
for the water purifier manufacturers. Severe water contamination in river,
ponds, and lakes continue to increase health risks for rural people who do not
use any form of filtration before consuming it. There is a huge potential of
growth for the global water purifiers market by increasing awareness about
water pollution and its adverse effects.
Also, another factor hindering the
growth of global water purifiers is the emergence of local players who offer
their products at cheap prices by comprising the quality. Inexpensive prices
can attract customers to buy low-grade purifiers rather than expensive branded
ones, thereby increasing health risks. Moreover, there is no regulatory body to
check the claims made by the manufacturers, which could pose a great challenge
for existing manufacturers in the global water purifiers market.
According to TechSci
research, “Global Residential
Water Purifiers Market By Technology (RO, Media, Ultraviolet,
Ultrafiltration & Others), By Region (APAC, North America, Europe, MEA
& South America), By Sales Channel (Indirect & Direct), Competition
Forecast & Opportunities, 2023”, Global residential water purifiers market
stood at over $ 14.2 billion in 2017 and is projected to grow at a CAGR of
around 12%, to surpass $ 28.5 billion by 2023. Anticipated growth in the market
is majorly led by rising population, rapid urbanization and deteriorating water
quality across the globe. Moreover, rising cases of water borne diseases is
making people cautious about the health risk associated with drinking
impure water, which is further expected to steer growth in global residential
water purifiers market. Additionally, growing penetration of low-budget
residential water purifier in the developing countries along with emergence of
advanced and innovative water purifiers is further expected to
propel demand for residential water purifiers, globally, over the course
of next five years.