Hi, what are you looking for?
Increase in disposable income, demand for water purification systems, and rise in concerns toward health and well-being among the global population drive the growth of the global water purifier market.
According to the report, the global water purifier industry generated $29.9 billion in 2020, and is anticipated to generate $92.1 billion by 2031, witnessing a CAGR of 10.1% from 2022 to 2031.
Increase in disposable income, demand for water purification systems, and rise in concerns toward health and well-being among the global population drive the growth of the global water purifier market. Moreover, surge in incidence of waterborne diseases presents new opportunities in the coming years.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1394
Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/1394
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment held the highest market share in 2020, accounting for nearly three-fourths of the global water purifier market, and is estimated to maintain its leadership status throughout the forecast period. This is owing to deteriorating water quality, rise in urbanization, and surge in incidence of waterborne diseases. However, the commercial segment is projected to manifest the highest CAGR of 10.6% from 2022 to 2031, owing to rise in the number of offices, schools, restaurants, and hotels all around the globe.
The retail stores segment to maintain its lead position during the forecast period
Based on technology, the retail stores segment accounted for the largest share in 2020, contributing to nearly three-fourths of the global water purifier market, and is projected to maintain its lead position during the forecast period. This is owing to higher affinity of consumers toward physical stores. Moreover, the online segment is expected to portray the largest CAGR of 11.6% from 2022 to 2031, because brands in water purifiers that use retail stores and direct sales are now expanding their channel into online divisions to attract more customers.
Asia-Pacific, followed by Europe & North America to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by Europe & North America held the highest market share in terms of revenue 2020, accounting for more than two-third of the global water purifier market. This is due to increase in urbanization, surge in income levels, and rise in health awareness among people in this region. However, the LAMEA region is expected to witness the fastest CAGR of 12.3% from 2022 to 2031, owing to rise in penetration level of water purifiers, upsurge in population, and deterioration in quality of water.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1394
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Indonesian police used water cannon against protesters in the province of Papua on Tuesday.
Finland and Sweden are expected to announce this week whether to apply to join NATO following Russia's Ukraine invasion.
From superyachts and mansions to private jets and works of art, mega-rich Russians are being deprived of their expensive playthings.
Head of state Queen Elizabeth II will miss Tuesday's ceremonial opening of the UK parliament for the first time in nearly 60 years.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.