Water purification process helps in removing biological contaminants, undesirable chemicals, suspended solids and gases so that the water is safe for use or drinking. Water filters reduce risk of cancer to a significant extent by removing chlorine and its various derivatives from drinking or potable water sources. Constant development and launch of technologically advanced water filters in the recent past have enabled to obtain high quality of water purification and remove up to 98% of harmful elements, heavy metals, and other substances from water.
The global water purifier market is expected to value at approximately US$ 51.02 Bn in 2019, and is expected to register a CAGR of 8.8 %.
Growing awareness regarding benefits of water purifier is a major factor expected to drive the growth of the global water Purifiers Market. In addition, increasing demand for technologies for removing biological contaminants, and undesirable chemicals so that the water is safe for use is another factor expected to drive the growth of the target market.
However, investments by various governments for water infrastructure across the globe have enabled rapid expansion industrial sector, and increased availability of safe drinking water in urban and rural areas and is a factor expected to restraint the growth of the target market to a significant extent.
Global Water Purifiers Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global water Purifiers Market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global water Purifiers Market is expected to expand at a CAGR of over 8.8% over the forecast period.
Global Water Purifiers Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, distribution channel, and region. The product type segments include gravity purifier, RO purifier, UV purifier, sediment filter, water softener, and others. The application segments include residential and non-residential. The distribution channel segments include e-commerce and retail stores. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
By Product Type: The RO purifier segment is expected to account for highest revenue share contribution as compared to other product type segments, and is expected to register a CAGR of over 9% between 2018 and 2027
By Application: The residential segment is projected to account for highest revenue share as compared to that of other application segments, and register a CAGR of over 8.8% over the forecast period
By Distribution Channel: The retail stores segment is projected to account for highest revenue share as compared to that of other distribution channel segments, and register a CAGR of over 8.3% over the forecast period
By Region: The market in North America accounted for highest revenue share in the global water Purifiers Market. The market in Asia Pacific is projected to register highest CAGR of over 9% in the global market over the forecast period.
Global Water Purifiers Market: Competitive Analysis
The research report on the global Water Purifiers Market include profiles of some of major companies such as Forbes & Company Limited (Eureka Forbes Limited), Unilever PLC (Hindustan Unilever Limited), Kent RO Systems Ltd., Panasonic Corporation, Whirlpool Corporation, Mitsubishi Chemical Holdings Corporation, Tata Chemicals Limited, Koninklijke Philips N.V (Philips Electronics Ltd.), Ecolab, Inc. (Aquatech International LLC), and A.O. Smith Corporation.