Press Release

Water Purifiers Market to Unveil 15% CAGR till 2021

Growing health concerns among consumers coupled with rising discretionary spending to steer growth in global residential water purifiers market

According to TechSci Research report,  Global Residential Water Purifiers Market By Technology, By Sales Channel, By Region, Competition Forecast and Opportunities, 2011 - 2021, the global market for residential water purifiers is forecast to grow at a CAGR over 15% during 2016-2021, on account of deteriorating water quality and increasing awareness regarding health risks posed by presence of dissolved solids in drinking water. Growing urban population coupled with rising purchasing power of consumers across the globe is expected to augment demand for water purifiers from the residential sector through 2021. Additionally, increasing penetration of water purifiers in the emerging economies in Asia-Pacific over the next five years is also expected to be a major contributor to the robust growth in demand for residential water purifiers in the coming years. Furthermore, continuing increase in adoption of advanced purification technologies is forecast to steer growth in the global residential water purifiers market through 2021.

In 2015, membrane based residential water purifiers garnered the largest share in global residential water purifiers market due to the ability of these purification systems to lower the amount of total dissolved solids in drinking water. Increasing consumer adoption due to high product efficiency, integration of advanced technologies and comparatively higher per unit prices results in higher revenue generation from this product segment. Over the last five years, sales of combination systems that utilize more than one purification technology, has exhibited strong growth across the globe. Global residential water purifiers market is highly fragmented and few of the major players operating in the market include Midea Water Appliances, Coway, HUL, Eureka Forbes and Kent RO Systems.

“Globally, around 1 billion people do not have access to safe drinking water and about 2 million deaths per year are caused due to consumption of contaminated water. Hence, increasing awareness regarding waterborne diseases and associated heath issues among consumers is expected to increase sales of residential water purifiers during the forecast period. Residents are educated about harmful effects of polluted water bodies, from where water is supplied to households by municipalities. Rising internet penetration and increasing disposable income levels has not only increased awareness about the benefits of these water purification systems, but is also driving adoption of these water purification technologies over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 Global Residential Water Purifiers Market By Technology, By Sales Channel, By Region, Competition Forecast and Opportunities, 2011 - 2021has evaluated the future growth potential of global water purifiers market and provides statistics and information on market structure, consumer behaviour and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the global residential water purifiers market.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

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