Residential Water Purifiers Market to Grow During the Forecasted Period
Global Residential Water
Purifier Market is driven by surging demand for clean, pure and
hygienic water for drinking purposes and is growing at a growth rate of around 14-15% in
the forecast period, 2024-2028.
According to TechSci Research report, “Residential Water Purifier Market - Global
Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028” Global Residential Water Purifier Market is anticipated to reach more than USD40 billion in 2028. The market growth can be attributed to the factors like surging
demand for clean, pure, and hygienic water for drinking purpose. The global
residential water purifier market is expected to grow over the next five years
as prevalence of water-borne diseases is increasing. Disease such as cholera,
diarrhea, typhoid, dysentery, and hepatitis A cause severe health issues.
Additionally, it is anticipated that a growing population would drive the
demand for water purifiers more over the course of the next five years,
supporting the expansion of the worldwide residential water purifier market.
The population being worried about drinking potable water, growing incidence of
infectious diseases and rising health awareness support market expansion. The
demand for water purifiers is growing, especially in emerging countries like
Vietnam, Indonesia, and India. These nations have poor water quality supply
that can pose health risks. As per the data provided by the Natural Resources
and Environment and Health Ministries, contaminated home water causes 9,000
annual deaths owing to poor sanitation and water quality, almost 250,000
hospitalizations for acute diarrhea, and 200,000 cases of cancer.
Technological
advancement, consistent research for innovative product development and
increased manufacturing of water purifiers further aids the growth of the
global residential water purifiers market in the forecast years through 2028.
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on "Residential Water Purifiers Market"
The technology, sales channel, regional
distribution, and competitive environment are the main pillars on which the
worldwide residential water purifiers market is segmented. The market is
further divided based on technology into RO, media, UV, UF, and additional
categories like nanofiltration, etc. Due to the growing demand for filtered
drinking water, RO technology is predicted to hold the greatest revenue shares
of the market and dominate the market segment over the next five years. In the
upcoming five years, the use of Reverse Osmosis technology will continue to
fuel the expansion of the worldwide residential water purifiers market. When
using Reverse Osmosis technology, contaminants greater than or equal to 0.3
micron can be removed by moving water from a higher concentration to a lower
concentration. A partially permeable membrane on the RO water purifier enables
the movement of water from one gradient to another. In essence, a partially
permeable filter screen that allows ions, minerals, and water molecules to pass
through but impedes the movement of contaminants like microbes and other bigger
chemical elements. Even salt water can be made fresh, drinkable water with this
technique. However, the system has a flaw, which prevents some larger mineral
molecules from moving freely. As a result, fresh water is drinkable but
unhealthy.
The market is further divided between
direct and indirect sales based on the sales channel. Due to the rising demand
for clean, filtered water at home, indirect sales are predicted to hold the
greatest revenue shares of the market and dominate the market segment over the
next five years. In the coming five years, rising residential infrastructures,
corporate offices, and building construction will further fuel the expansion of
the worldwide residential water purifier market.
Some of the market players, dominating
the global residential water purifier market are:
- Midea Group Co. Ltd.
- Coway Co. Ltd.
- Brita GmbH
- A.O. Smith Corporation
- Eureka Forbes Limited
- Culligan International
Company
- BWT Holding GmbH
- Unilever PLC
- Panasonic Corporation
- Kent R O Systems Limited
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“Due to increased demand for the product
from developing nations like India, Vietnam, China, Indonesia, etc., the Asia
Pacific region is predicted to hold the greatest revenue shares of the market
and control it in the ensuing five years. Water-borne illnesses =consumers consciousness
for clean drinking water and innovative water purification devices. Water
supply is contaminating in nations like Vietnam and Indonesia. The
infrastructure and pipeline system needed for a reliable water supply in these
countries is difficult and a source of concern. Despite the growing demand for
water purifiers, a factor supporting the expansion of the worldwide residential
water purifiers market in the anticipated years would be the rising demand for
purified water due to concerns over the spread of infectious diseases. As they
increase investments, identify innovative products, and build their brands in
the market, new market participants may concentrate on these factors.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Residential
Water Purifier Market - Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028 Segmented By Technology (RO, Media, UV, UF,
others (nanofiltration, etc.)), By Sales Channel (Indirect and Direct), By
Region”, has evaluated the future growth
potential of global residential water purifiers market and provides statistics
& 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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