Water Purifiers Market is Expected to Surpass USD 68.09 Billion by 2026
Increasing
awareness about water-borne diseases coupled with rapid industrialization to
drive the growth of global water purifiers through 2026.
According
to TechSci Research report, “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 owing to the rising levels of
water pollution and increasing disposable income. Due to rising
industrialization activities, the water resources have become polluted and
unsafe for drinking, which has increased the demand for water purifiers,
especially in urban areas. Rapid urbanization and growing number of commercial
spaces such as offices, cafes, restaurants, etc. have also propelled the growth
of global water purifiers market. Moreover, the rising incidences of water
borne diseases and increase awareness about the ill-effects of drinking
contaminated water due to various initiatives by government and international
organizations is also expected to fuel the growth of global water purifiers
market in coming years.
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94 Figures spread through 114 Pages and an in-depth TOC on "Global Water Purifiers
Market"
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Global water purifiers market can be segregated based on technology and
region. In terms of technology, market can be segregated into membrane, media
and UV. Membrane based water purification technology captured 67.70%
share of global water purifiers market in 2019, on the grounds of efficient
removal of bacteria, viruses, suspended solids, proteins, and starch as well as
low energy requirements. The second largest share was held by media technology
in 2019, followed by UV technology; however, their shares are expected to
decline during the forecast period due to inefficient removal of impurities.
Leading companies operating in
the global water purifier market include Foshan Shunde Midea Water Dispenser
Manufacture Company Limited, Coway
Company Ltd., Brita Gmbh, A.O. Smith Corporation, Eureka Forbes Limited, Kent
RO System Ltd., BWT Holding GmbH, Panasonic Corporation, L.G. Electronics Inc.,
Culligan International Company, and 3M Purification Inc. Continuous innovation for
products and identification of new means of applications are the major factors
that are propelling the growth of water purifiers manufacturing companies
across the globe.
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“Asia-Pacific region generates the
highest demand for water purifiers in the world. The region is also projected
to exhibit the fastest growth in the global water purifiers market. The growth
of the market is buoyed by robust industrialization, leading to unmonitored
discharge of waste into water bodies leading to water pollution, and hence
deteriorating quality of water. Additionally, increasing water scarcity is
augmenting the need to recycle and reuse water. In addition. Growing awareness
pertaining to substandard quality of water among consumers and rising incidences
of water-borne diseases are also escalating demand for efficient water
purification technologies; thereby, driving water purifier market of Asia
Pacific through 2026.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“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” has evaluated the future growth
potential of global 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 evaluation. Besides, the report also identifies and analyzes emerging trends along with essential
drivers, challenges and opportunities in global water purifiers market.
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