According to the latest report by IMARC Group, titled “Water Purifier Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global water purifier market reached a value of US$ 42.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.9 Billion by 2027, exhibiting at a CAGR of 9.4% during 2022-2027. A water purifier is a device used to decontaminate the water from harmful substances, chemicals, pathogens, microorganisms, and other dissolved solids and make it portable. It consists of mainly two types of water purification systems, one is installed at the point of water entry into buildings and termed a point-of-entry or whole house filter system, and the other is installed at the endpoint where water is used for consumption and is known as point-of-use systems. Installing both filter systems results in complete purification from water softening to removing pathogens. These water purifiers are available in the market with different technologies, including reverse osmosis, ultra-violet, and gravity-based purification process.
The global market is majorly driven by increasing demand from the residential and commercial sectors. In line with this, the key players are focusing on expanding their product portfolios across emerging markets. The introduction of smart purifiers with advanced technologies is creating a positive outlook for the market. With improving standard of living amongst the consumers and the spending capacity of the people, especially in developing economies, consumers are asking for feature-laced purifiers, which are providing growth opportunities in the market. Furthermore, multiple benefits associated with water purifiers, such as the removal of bacteria, prevention of gastrointestinal illness, boosting the immune system, and others, are positively influencing the market. Rapid urbanization growth is projected to create more need for water purification products. In addition, rising awareness about waterborne diseases and their adverse health effects on the body is catalyzing product demand.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Water Purifier Market Trends:
The initiative by the government of various countries to promote pure drinking water is propelling the demand for water purifiers across the globe. The key market players are investing a considerable number of resources in the research and development of several water purification products and manufacturing technologies. A diversified product portfolio, supported by superior operational efficiency and novel technologies, is the critical strategy market leaders use for their growth. Apart from this, the wide availability of safe water by municipalities and an upsurge in the number of water recycling treatments are strengthening the market. Moreover, the introduction of water purifiers equipped with reverse osmosis, ozone, ultra-violet, ultra-filtration, activated carbon, and candle filtration technologies are providing a boost to the market. Additionally, the growing demand for portable water purifiers is further significantly contributing to the market expansion.
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Key Players Included in Global Water Purifier Market Research Report:
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