Press Release

Residential Water Purifiers Market, Led by Asia Pacific, to Cross $ 28 Billion by 2023

Rapid urbanization, increasing water pollution and growing awareness among people about water borne diseases to propel growth in global residential water purifiers market through 2023

According to TechSci Research report, Global Residential Water Purifiers Market By Technology, By Region, By Sales Channel, Competition Forecast & Opportunities, 2023’’, the global residential water purifiers market is projected to surpass $ 28.5 billion by 2023, on the back of growing population and increasing purchasing power of the customers across different countries. Moreover, rapid industrialization and urbanization has resulted in uncontrolled effluent discharge in the water bodies, which has further led to severe water pollution, thereby deteriorating the quality of surface and ground water across geographies. Additionally, over the past few years rise in cases of water borne diseases have been witnessed, which is pushing people towards using water purifiers in order to get safe and healthy drinking water.

Browse 200 market data Figures and Tables spread through 241 Pages and an in-depth TOC on "Global Residential Water Purifiers Market"

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Based on technology type, the global residential water purifiers market is majorly segmented into reverse osmosis (RO), media, ultraviolet, ultrafiltration and others. Reverse osmosis is the dominating technology in the global residential water purifiers market owing to its growing demand from end use customers and its characteristics to remove unwanted total dissolved solids and other dissolved impurities from polluted water. RO technology is followed by media, which is generally used for removing total suspended solids, soil, organic matter and other foreign particles. Other purification technologies such as ultraviolet, ultrafiltration, nanofiltration and microfiltration are also witnessing growth on the back of degrading quality of water reserves including surface as well as underground water, globally. Some of the major players operating in the global residential water purifiers market include Midea Group Co. Ltd., Coway Co. Ltd., Forbes & Company Ltd., Hindustan Unilever Limited, Kent RO Systems Ltd., A. O. Smith Corporation, Pentair Plc., and Panasonic Corporation, among others.

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Among regions, Asia-Pacific region garnered the largest share in the global residential water purifiers market owing to the rapid expansion of industrial sector, increasing disposable income, growing awareness pertaining to substandard quality of water, and escalating demand for the low budget water purification systems across the major economies in the region. “Water pollution is constantly rising due to anthropogenic activities, thereby rendering water unfit for consumption.  Moreover, developing and underdeveloped countries do not have proper water infrastructure, which is paving way for use of residential water purifiers across these such countries. Additionally, emergence of advanced water purifiers with combined purification technologies would further steer growth in the market over the coming 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 Region, By Sales Channel, Competition Forecast & Opportunities, 2023” has evaluated the future growth potential of global residential water purifiers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global residential water purifiers market.

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