Market Definition
Water Purifiers are systems designed principally to filter pollutants & harmful substances like chemicals, suspended solids, & biological contaminants, among others, from water and make it safe for drinking, cooking, bathing, cleaning, etc. With the escalating demand for water purifiers to attain potable water & suffice the requirements of the burgeoning population, manufacturers are actively working on developing advanced purification systems integrated with technologies like Ultraviolet (UV), Gravity-Based, Water Softeners, Sediment Filters, etc., and, as a result, expanding their customer base in the country.
Market Insights
The India Water Purifier Market is expected to grow at a CAGR of around 15% during the forecast period, i.e., 2023-28. Most of the market expansion would be driven by the rapidly increasing cases of water-borne diseases like Diarrhea, i.e., leading to numerous deaths in India and augmenting the need for water purifiers, especially across rural areas of the country. Additionally, active efforts by the Indian government toward promoting the adoption of water purifiers to decontaminate pollutants & impurities & attain safer drinking water are also driving the market. Besides, the accelerating participation of the leading players in bringing innovations in water purifier technologies and expanding the production capacities to suffice the burgeoning end-user requirements in the country would further boost the market through 2028.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 15% |
| Key Companies Profiled | Eureka Forbes, Kent RO Systems, Hindustan Unilever Limited, Tata Chemicals Limited, Ion Exchange, Blue Star, A.O. Smith Corporation, Livpure, LG, Nasaka, etc. |
| Unit Denominations | USD Million/Billion |
The burgeoning use of pesticides & various ongoing & upcoming projects in line with rapid industrialization is deteriorating the quality of naturally available water resources, which, in turn, is instigating the need for water purifiers to attain potable water. Furthermore, easy availability & affordability among people is boosting the supply & demand for water purifiers with technology like Reverse Osmosis (RO) across low-income groups & rural households in India.
Nonetheless, increasing health consciousness among people, an exponentially rising population, and growing water contamination rates are other crucial aspects projected to propel the demand for water purifiers & drive the market during 2023-28.
