Press Release

Global Water Purifier Market to Flourish at a CAGR of Around 10.8% During 2024-30

The Global Water Purifier Market is projected to grow at a CAGR of about 10.8% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The rapid urbanization and economic growth in countries such as India, China, Canada, and Mexico have led to widespread water contamination. This contamination not only affects the environment but also poses risks to public health and overall well-being. As pollutants, chemicals, and pathogens increasingly pollute water bodies, there is a growing concern among people about the safety of their drinking water. This heightened awareness has spurred the adoption of water purifiers across the globe.

Moreover, countries like Saudi Arabia, India, Australia, and Canada are experiencing a significant influx of people into urban areas, driven by the expanding middle class. This urbanization trend is accompanied by increased industrial activities and infrastructure development, which further contributes to water pollution. Stormwater runoff, laden with contaminants from urban surfaces, exacerbates pollution in rivers and streams, posing a challenge to public health in urban environments. Consequently, the accelerating urbanization process is expected to boost the demand for water purifiers in urban areas in the coming years.

Additionally, as water is essential for life, deteriorating water quality due to industrial expansion and untreated sewage discharge has led to elevated levels of harmful chemicals like chlorides and fluorides in groundwater, raising health alarms. Thus, the rising prevalence of water-borne diseases and increasing demand for safe drinking water are anticipated to boost the demand for water purifiers during the forecast period, further states the research report, “Global Water Purifier Market Analysis, 2024.”

Global Water Purifier Market Segmentation Analysis:

Residential Segment Leads the Global Water Purifier Market

Based on the end user, the market is further bifurcated into Residential and Commercial segments. The residential sector has emerged as a dominant force in the Global Water Purifier Market in recent years. The expansion of residential areas in major cities like India, Saudi Arabia, and the UAE, coupled with shifting lifestyles, has propelled the demand for water purifiers. With the growing middle class, there's a surge in residential construction, leading to the widespread adoption of water purification systems across the globe.

Moreover, as the rise in premium residential units caters to individuals with higher incomes and specific lifestyle needs, such as prioritizing health and wellness, developers are integrating advanced water purification systems into premium residences. This trend is expected to drive the residential water purifier market globally in the coming years.

Asia-Pacific Dominating the Water Purifier Industry

For several reasons, the Asia-Pacific region dominates the Global Water Purifier Market. In nations like China, India, and Japan, the need for water purification technologies is being driven by rapid urbanization, industrialization, and population growth, which have raised worries about water pollution and contamination. Government programs to provide access to clean drinking water and growing health and hygiene consciousness both contribute to the market's growth. Furthermore, a larger range of customers in the area may now purchase and utilize water filtration systems due to technological breakthroughs and improvements.

Moreover, the need for sustainable solutions and the growing worries about waterborne illnesses also support the market's growth. In the near future, the Asia-Pacific region is anticipated to maintain its dominant position in the water purifier industry due to continued urbanization and rising levels of disposable income.

Global Water Purifier Market Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Kent RO System Ltd., A. O. Smith Corporation (Aquasana Inc.), Eureka Forbes Limited, Panasonic Corporation, LG Electronics, Veolia Water Technologies & Solutions, Unilever Plc, Kinetico Inc., Aquatech International LLC, GE Appliances, Whirlpool Corporation, Pentair Plc, EcoWater Systems LLC., 3M Company, Amway Corp., and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?