The repository of MarketResearchReports.biz now contains a new report on the evolving market for water purifier, titled “2012-2022 Report on Global Water Purifier Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application.” The report has been compiled with a solitary goal to serve as a reliable business document for stakeholders of the water purifier market, projecting it to expand at a CAGR of 4.47% during the forecast period of 2016 to 2022. The report provides in-depth analysis all the factors that may influence the demand for water purifier in the near future, positively or negatively. Several vendors of water purifier market have also been profiled in the report to understand their product portfolio, geographical presence, market share, and recent strategic decisions.
As per the evaluations of the report, the global water purifier market was worth US$10.5 bn in 2016, and estimates it to reach a valuation of US$13.7 bn by the end of 2022. New product development is one of the primary driver of this market. Advancements in water purification have led to purifiers that involves reserve osmosis, ultra-filtration, ultra-violet, ozone, activated carbon, and candle filtration technologies. Deteriorating quality of water, which poses several health risks, rising demand from vastly populated emerging economies such as India and China, aggressive marketing by the companies, increasing number of unorganized players, and increasing demand of substitutes are some of the other factors augmenting the demand in the global water purifier market.
On the other hand, low penetration in rural areas of developing countries, threat from packaged drinking water, ability of smaller vendors to provide similar products at lower price, and the lack of awareness among the potential consumers are some of the factors that may hinder the global water purifier market from achieving its full potential in the near future.
Based on product type, the report segments the global water purifier market into activated carbon, PP cotton filter, ultrafiltration membrane, KDF alloy filter, and RO reverse osmosis. Application-wise, the market has been categorized into household, restaurants and hotels, and others including public place water purifiers. Geographically, the report takes stock of the potential of water purifier market in the regions of North America, Europe, and Southeast Asia as well as in the country-wide markets of China, Japan, and India. Currently, Asia Pacific is the most lucrative region in this market, gaining traction from growing awareness about water-borne diseases, increasing buying ability of urban population, new product launches, aggressive market efforts, and expansion of distribution network by some of the leading companies.
Some of the leading companies profiled by the report who are currently active in the global water purifier market are Unilever Pure it, BWT, 3M, Pentair, Paragon, Coway, Midea, Mitsubishi Qinyuan, Rayon, Litree, Brita, Culligan, Ecowater, Toray, Imrita, AO Smith, Bluepure, Philips, Panasonic, Enmet, Purific, Qlife, K.clean, Haier, Angel, Lamo, Calux, Sacon, FLN/Hunsdon, and Hieloss.
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