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.
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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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