Market Overview
The market size of the water purifier market is expected to hit 82.54 billion Dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the water purifier market is expected to grow with a CAGR or Compound Annual Growth Rate of 8.5% according to expert analysts. Water purifiers refer to machines that are installed in various places to eliminate impurities from water and give way to purified water. There are many impurities that water purifiers take care of like undesirable chemicals, suspended solids, contaminants as well as unwanted and poisonous gases. Water purifiers are used extensively across the world to make water fit for drinking and other purposes.
There are many techniques to do so based on the type of impurity and the purpose for which purification is being done. Water purification is also done to make water portable. The growth of the water purifier market can be attributed to many factors. There is a rise seen in the people with disposable incomes especially in countries that are developing. This has increased the living standards of many people. There is a rising awareness about water-borne diseases and thus, the demand for purified water has increased a lot.
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Key Players
- A. O. Smith
- Unilever
- EcoWater Systems LLC
- Panasonic Corporation Coway Co. Ltd.
- KENT RO Systems Ltd.
- and Livpure Pvt. Ltd.
Market Segmentation
The water purifier market can be segmented on three bases. These are segmentation by end-user, devices and product.
- On the grounds of end-user, the segments are commercial and residential. On these grounds, the segment that has previously led the market share distribution is the segment for residential users. However, the segment for commercial users is growing more rapidly than that of residential users. This can be credited to urbanisation, poor quality of water, water pollution and the surge seen in water borne diseases.
- On the grounds of devices, the segments are Under the Sink and Faucet Mounted.
- On the grounds of product, the segments are activated carbon filters, UV water purifier and RO water purifier.
Regional Classification
On the basis of region, the segments are Europe, Africa, Latin America, Middle East and Asia Pacific. Asia-Pacific has led the market share previously and is expected to continue to dominate water purifier Market in the projected period of 2022 to 2030. This can be undoubtedly credited to the massive population that the APAC or Asia Pacific region holds. The countries like Macau, Philippines, Indonesia, Thailand, Vietnam, India and China are major contributors to the market in the Asia Pacific region. The companies located in the region are very competitive and are keen on providing good value propositions that can stand out amongst others. Thus, the growth in the region can also be attributed to the efforts of the major players present or active in the region. After Asia Pacific, the market is led by North America, followed by Europe and lastly, LAMEA or Middle East, Africa and Latin America.
Industry News
There are many main players in the industry for water purifiers. These include Livpure Pvt. Ltd., KENT RO Systems Ltd., Panasonic Corporation Coway Co. Ltd., EcoWater Systems LLC, Unilever and A.O. Smith among other leading companies.
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