Taiwan Water Purifiers Market Forecast to Cross $1.3 Bn by 2023
According to TechSci Research report, “Taiwan Water Purifier Market By Mode, By Type, By Technology, Competition
Forecast & Opportunities, 2013 – 2023,” water
purifier market is forecast to surpass $ 1.3 billion by 2023. High presence of
total dissolved solids across various water bodies in the country coupled with
rising incidences of water borne diseases is anticipated to propel demand for
water purifiers in Taiwan during the forecast period. Additionally, rising
number of government investments towards boosting the water reuse plans, would
further augment demand for water purifiers in the country. Water shortage
concerns due to droughts, floods and limited rainfall is also anticipated to positively
influence the water purifiers market in Taiwan during the forecast period.
Ageing infrastructure is also a huge point of concern as heavy metals coming
from old pipelines contaminate the water, thereby creating substantial demand
for water purifiers in both point-of-use and point-of-entry applications. The
demand for POU (point-of-use) water purifier in the country is higher compared
to point-of-entry (POE) water purification systems.
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On the basis of type, Taiwan
water purifiers market is broadly segmented into counter top, under sink and
faucet mount. Under sink water purifiers are highly preferred in Taiwan as they
are economical and offer space saving option. Further, demand for faucet mount
water purifiers, owing to increasing health concerns, would increase at a
robust rate during the forecast period. Reverse osmosis technology dominated Taiwan
water purifiers market as the water TDS level across various water bodies in
the country is high, and consequently, high-end water purification technologies
are in utmost demand. In 2017, the north region of Taiwan accounted for the
largest share in Taiwan water purifiers market due to growing residential
building construction activities across major cities.
“With rapid progress in the country’s urban
areas, the water quality in Taiwan is deteriorating, thereby generating high demand
for water purifiers. Moreover, due to increasing awareness regarding water
quality, people are now opting for premium category water purifiers in the
country. Additionally, water purifier manufacturers are increasingly focusing on
launching innovative water purifiers inclusive of various options such as hot
water, cold water, coffee machine, ice machine option, etc. This would further augment
demand for advanced and innovative water purifier offerings in Taiwan in the
coming years.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
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“Taiwan Water Purifier Market By Mode, By Type, By Technology,
Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth
potential of water purifier market and provides statistics and information on
market size, structure and trends. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Taiwan water purifiers market.
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