POE Water Purifiers Market to be Dominated by Asia Pacific in the Next Five Years
Deteriorating
ground and surface water quality coupled with rising health concerns to drive
global water purifiers market through 2025.
According
to TechSci Research report, “Global POE Water Purifiers Market By Type (Activated Carbon, Mechanical Filter,
and Others), By Application (Residential, Commercial), By Sales Channel (Direct,
Distributor), By Region, Competition,
Forecast & Opportunities, 2015 – 2025”, global POE
water purifiers market stood at USD 17.5billion in 2019 and is forecast to grow
at a CAGR of 11.72% during 2020-2025 to reach USD 31billion by 2025. Growing
awareness pertaining to substandard water quality and growing incidents of
water borne diseases are the factors influencing the demand of efficient water
purification technologies. Besides, man-made activities including marine
dumping of waste, discharge of municipal waste, mining, and rapid urbanization are
leading to water pollution, which contaminates water to the poorest of quality
and emerges a need to adopt POE water purifiers for enhanced quality of
drinking water.
Rising heath concerns related to water
among the consumers is a major driver propelling the growth of the global POE
water purifiers market. Contaminated water is an appalling problem which is
leading the world to the path of destruction. If consumed, it can cause various
water-borne diseases such as cholera, diarrhoea, dysentery, hepatitis A,
typhoid and polio. Presence of disease-causing or pathogenic microorganisms
makes water unsuitable for human consumption, thereby exposing the individuals
to health risk. According to the WHO, contaminated drinking water causes around
485,000 diarrhoeal deaths every year. Thus, the increasing concerns regarding
waterborne diseases and associated heath issues among consumers is steering
demand for POE water purifiers, globally.
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134 Figures spread through 173 Pages and an in-depth TOC on"Global POE Water
Purifiers Market"
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Global POE water purifiers market can be segregated based on type,
application and sales channel. In terms of type, others segment acquired more
than two-third share of the market in 2019. Rising demand for efficient water
purification systems is making the manufacturing companies to deploy more than
one water purification technology in one equipment for enhanced water
purification. Various companies such as OptiPure provide combination
purification systems which find application in food & beverage industry.
For instance, RO + UV + UF combination systems are popularly sold by various
water purification companies, such as Kent, Eureka Forbes, etc. Water in these
systems initially passes through RO membrane for primary purification process,
followed by secondary purification process through UV and UF membranes, thereby
removing harmful microorganisms. Additionally, POE water systems use assembly
of filters or combination of cartridges such as sediment water filters or
activated carbon water filters in combination with RO or UF membrane to improve
TDS levels in order to preserve the natural minerals in the water.
In terms of sales channels, the largest market share has been occupied
by the distributor segment owing to the purchase of POE water purifiers through
distribution channels mainly. In terms of region, Asia-Pacific region is
dominating the global POE water purifiers market due to rising number of
government initiatives to provide safe accessibility to clean water sources to
a large population. In 2019, APAC region accounted for around 64% of the market
share, which is expected to reach around 69% by 2025.
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“Asia-Pacific region generates the
highest demand for POE water purifiers in the world. The region is also
projected to exhibit the fastest growth in the global POE 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.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global POE
Water Purifiers Market By Type (Activated Carbon, Mechanical Filter,
and Others), By Application (Residential, Commercial), By Sales Channel
(Direct, Distributor), By Region, Competition,
Forecast & Opportunities, 2015 – 2025” has evaluated the future growth
potential of global POE 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 POE water purifiers market.
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