Water Purifier Market Reach 82.54 Billion USD, at a 8.5% CAGR By 2030 | 2022 Top Players, Technology, Regions, Demand, Growth Drivers and Future Trends

Water Purifier Market To Flourish Substantially At A CAGR Of 8.5% By 2030

According to the MRFR research report, Water Purifier Market Research Report: Information by Product, End-User, Devices, and Region – Forecast till 2030, the water purifier market is predicted to attain a valuation of approximately USD 82.54 Billion by the end of 2030. The report further anticipates the market to flourish substantially at a healthy CAGR of over 8.5% during the assessment era from 2022 to 2030.

Water Purifier Market Overview

The water purifier is a device used to purify drinking water. It operates with various technologies such as reverse osmosis (RO), UV technology, and activated carbon. The water purifier is crucial nowadays, and the demand for purifiers has risen over the years owing to the increase in contaminants, dissolved solids, chemical substances, and other materials.

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These purifiers purify the water by extracting suspended solids, gases, unwanted materials, and chemicals. The global market for water purifiers has grown massively in recent times. The primary aspect causing a rise in the demand for these water purifiers is the growing penetration across developed nations such as Italy, the US, and Canada. On the other hand, the demand across emerging economies such as India and China remains unchanged. The increasing chemical and microbial contamination in the surface water sources is another prime parameter supporting the growth of the water purifiers market over the assessment timeframe.

Competitive Analysis

The list of prominent leaders across the global market for water purifiers includes the players such as:

• EcoWater Systems LLC
• Unilever
• Smith
• Coway Co., Ltd.
• Panasonic Corporation
• Livpure Pvt Ltd
• KENT RO Systems Ltd

Water Purifier Market USP Covered

Market Drivers

The global market for water purifiers has grown immensely in recent years, given the aspects such as growing awareness, technological innovations in water purifiers, an upsurge in the number of water recycling treatments, and skill development of the population.

Market Restraints

On the other hand, the high equipment and maintenance may restrict the market’s growth.

COVID-19 Impact

The global health crisis in the form of COVID-19 has had a significant impact on the majority of the market areas across the globe. Like all the market sectors, the global market for water purifiers has also witnessed several unexpected challenges during the pandemic. The curfew-like situations across various regions worldwide have led to causing significant disruptions in the supply chain networks. On the other hand, with the rapid vaccination rates across the globe, the global market for water purifiers is likely to witness substantial growth over the review era.

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Segment Analysis

Among all the products, the RO water purifier segment held the leading position across the global market for water purifiers in 2019, with the most considerable contribution of approximately 54.8%, having a worth of USD 27,481.7 million. The segment will exhibit a substantial CAGR of approximately 17.13% during the review timeframe. The RO purifiers are being implemented because of their regular new technology’s performance efficiency and low electricity consumption.

Among all the devices, the countertop segment is predicted to secure the top position across the global market for water purifiers over the coming years.

Among all the end-users, the residential segment secured the top position across the global market for water purifiers in the year 2019, with the highest market share of approximately 71.9%, having a worth of over USD 36, 069.1 million. The regional market is anticipated to thrive substantially, with a healthy CAGR of over 18.25% during the review timeframe. The rise in the incidence of waterborne diseases is the prime factor supporting the segment’s growth. Furthermore, factors such as a rise in urbanization and deteriorating water quality are likely to influence the segment’s growth over the review timeframe.

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Water Purifier Market Regional Analysis

The global market for water purifiers is analyzed across five major regions: Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

According to the MRFR research reports, the Asia-Pacific region is predicted to secure the top position across the global market for water purifiers over the coming years. the primary factor supporting the growth of the regional market is the presence of high population density across the developing nations such as China and India. Furthermore, the growing commercial sector is another prime aspect causing a surge in the regional market’s growth. Moreover, the factors such as the growing number of government initiatives and rising preference for purified water are projected to influence the growth of the regional market over the assessment timeframe. The demand for the water purifier market has witnessed a massive rise in India in recent years. In addition, the aspects like government initiatives, a growing population, and a rapidly developing economy are also anticipated to catalyze the growth of the regional market over the review timeframe.

The water purifier market for the North American region is anticipated to grow substantially over the assessment era. The growing demand for household products is the main factor causing an upsurge in the regional market. Furthermore, the aspects such as scarcity of clean water and rising population are also predicted to influence the growth of the regional market over the coming years. In addition, parameters like the growing need for optimal water and rising awareness among people regarding waterborne diseases are also anticipated to fuel the growth of the regional water purifier market over the coming years.

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