Water Purifier Market
The Global Water Purifier Market size is estimated to be USD 33.86 billion in 2019 and is predicted to reach USD 89.15 billion by 2030 with a CAGR of 9.2% from 2020-2030.
Water Purifier is a device or system consists of various components to decontaminate the drinking water from harmful chemicals, pathogens, microorganism and others. This also reduces the water borne diseases and used for residential and commercial purposes. The water purifier eliminates the all toxic substance from the water and makes it safe for drinking. The entire filtration process involves several steps such as filtration, chemical treatment, sedimentation and others.
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Top Companies: A. O. Smith Corporation (Aquasana Inc.), Amway Corporation, Best Water Technology, Halo Source Inc., Eureka Forbes Limited, Kent Ro System Ltd., Panasonic Corporation, LG Electronics, Tata Chemicals Ltd., Suez Water Technologies & Solutions (SUEZ) and others.
The global water purifier market share is analyzed on the basis of technology, distribution channel, portability, end user and geography. On the basis of technology, the market is segmented into UV, RO, and gravity based. Based on distribution channel, the market is fragmented into Retail Sales, Direct Sales, and Online. Based on portability, the market is classified into non-portable and portable. On the basis of End user, the market is divided into Commercial and Residential. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to hold the major market share over the forecast period owing to the increased adoption of water purifier with high disposable income. Furthermore, increase in technological advancement and presence of advance technologies and diminishing water quality is expected to accelerate the growth of water purifier market. Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the increasing awareness and disposable income. Moreover, increasing pollution of water bodies coupled with increase in product launches and strategic collaborations in the market is also expected to support the growth of water purifier market.
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