Insights Into The Water Purifiers Market’s Growth Opportunities Through 2023-2032 – Includes Water Purifiers Market Growth
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The scarcity of safe water are expected to drive innovation in water purifiers manufacturing, thus driving the market during the forecast period.
The global water purifiers market is expected to grow from $30.25 billion in 2022 to $32.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The global water purifiers market is expected to grow to $43.59 billion in 2027 at a CAGR of 7.6%.
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Global Water Purifiers Market Segments Include:
- By Technology Type: RO Water Purifier, UV Water Purifier, Gravity-Based Water Purifier
- By End-User: Industrial, Commercial, Household
- By Distribution Channel: Retail Stores, Direct Sales, Online
- By Portability: Portable, Non-Portable
- By Device Type: Wall Mounted, Countertop, Tabletop, Faucet-mounted, Under-The-Sink (UTS)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global water purifiers market in 2021.
Major Market Players in the water purifiers market include Xiaomi, Livpure, LG Electronics, Unilever N.V, Panasonic Corporation, Kinetico Inc., Aquatech International LLC., GE Appliances, A.O. Smith Corporation.
The increased usage of internet of things technology (IoT) enabled water purifier is an emerging trend in the water purifiers market. The Internet of Things is a network that contains interrelated physical components which can be accessed using the internet for collecting and exchanging data. In water purifiers, the Internet of things is used to give information on the water quality, life of the filters, total dissolved solids levels, and service support. For instance, MI (Xiaomi), a Chinese smartphone manufacturer recently launched the Mi Smart Purifier which is app-enabled and can be linked to the Xiaomi Home app. The app gives the data of total dissolved solids (TDS), and remaining filter life. Most of the recent products nowadays are enabled by the internet of things, so it is expected to be an emerging trend in the water purifiers market.
The Water Purifiers Global Market Report 2023 provides a water purifiers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The water purifiers market forecast analyzes water purifiers market size, water purifiers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Water purifiers are the devices used to purify water from biological contaminants, toxins, harmful chemicals & gases, and other impurities such as solid particles so that it can be safe for drinking. It also decreases the level of hazardous pollutants in it and makes it suitable for industries before releasing it into the water bodies.
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