Global Water Purifier Market is estimated to be US$ 84,870 million by 2030 with a CAGR of 19.8% duri (Business Opportunities - Marketing & Sales)

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Global Water Purifier Market is estimated to be US$ 84,870 million by 2030 with a CAGR of 19.8% duri

Global Water Purifier Market accounted for US$ 36285 million in 2020 and is estimated to be US$ 84870 million by 2030 and is anticipated to register a CAGR of 8.90%. Purifiers of drinking water are systems or pieces of equipment that purify the water. Activated carbon, UV technology, and reverse osmosis are some of the technologies used in water purifiers (RO). Due to an increase in pollutants, dissolved solids, chemical compounds, and other materials, the demand for water purifiers has expanded over time. Water quality is deteriorating as a result of rising water contamination brought on by ongoing industrial expansion and unregulated waste discharge into water sources. Water purifier demand is predicted to rise at a quick rate throughout the forecast period, owing to rising consumer health concerns.

The report " Global Water Purifier Market, By Technology (UV, RO, and Gravity based), By Portability (Portable, and Non-portable), By Distribution Channel (Retail Sales, Direct Sales, and Online), and By End User (Commercial and Residential) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”

Key Highlights:

In 2021, INVI-U1 is India's first under-the-counter inline UV water purifier, according to A. O. Smith, a leader in water heating and water treatment devices. A double protection layer of UV Silver Activated Post Carbon (SAPC) technology powers the product's elegant and compact design.
In 2021, Livpure, a pioneer in providing healthy and sustainable living, has unveiled another another futuristic range that represents a significant advancement in RO (Reverse Osmosis) based water purifiers. According to the Asian Development Bank, India would have a 50 percent water shortfall by 2030.
Analyst View:

The expansion of the water purifier market is aided by rising disposable income in emerging economies. Customers' purchasing power increases as their income rises, resulting in an enhanced standard of living. Furthermore, increased municipal availability of safe water and an increase in the number of water recycling procedures are driving demand for water purification systems in developing countries. Some growing economies, such as Brazil and China, have seen a growth in disposable income as a result of population skill improvement and increased employment in service-oriented industries. This has contributed to the growth of the water purifier market by increasing demand for water purification systems in these fields. As people's concerns about their health and well-being have grown, cleanliness practices have become more prevalent. This is a major element that has aided in the expansion of the global water purifiers market. Furthermore, improved diagnoses, widespread access of healthcare services, and changes in economic and social systems have all benefited consumer health in diverse countries. As a result, as people become more health conscious and the prevalence of waterborne diseases rises, the need for water purifiers.

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Last Update : Oct 27, 2021 1:05 AM
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2022-06-26 (0.412 sec)