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Market Definition
Water Purifiers are devices 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 rapid developments in water purifiers, technologies like Reverse Osmosis (RO), Ultraviolet (UV), Gravity Based, Water Softener & Sediment Filters, etc., are used commonly across the residential & commercial sectors of India.
Additionally, with escalating demand for water purifiers to attain potable water & suffice the requirements of the burgeoning population, several manufacturers are actively working on developing advanced purification systems and expanding their customer base in the country.
Market Insights
The India Water Purifier Market is projected to grow at a CAGR of around 15% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by alarming concerns over rapidly increasing cases of water-borne diseases like Diarrhea, leading to numerous deaths in India and augmenting the need for water purifiers, especially across rural areas of the country.
Additionally, the growing encouragement from the Indian government toward adopting water purifiers to decontaminate pollutants & impurities & attain safer driving water is also driving the market. Besides, the accelerating participation of the leading players in bringing innovations in water purifier technologies and the surging need to increase the production of these purifiers to suffice the burgeoning requirements in the country further boost the market.
Moreover, the soaring 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, exponentially rising population, and growing water contamination are other crucial aspects projected to propel the demand for water purifiers & drive the market during 2021-26.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 15% |
| Key Companies Profiled | Eureka Forbes, Kent RO Systems, Hindustan Unilever Limited, Ion Exchange, Blue Star, A.O. Smith Corporation, LG, Nasaka, etc. |
| Unit Denominations | USD Million/Billion |
Key Trends in the Market
With constant technological advancements in water purifiers, the leading players in the India Water Purifier Market have introduced smart water purifiers that sterilize the water & effectively filter out heavy metals, viruses, bacteria, & other impurities. These purifiers are easy to use & designed with a multi-stage purification process that can adjust the settings based on requirements. Additionally, the capability to send alerts & notifications at the end of the maintenance cycle is another prominent aspect behind the rapidly increasing adoption of smart water purifiers in the country.
Impact of Covid-19 on the India Water Purifier Market
The Covid-19 pandemic in 2020 had a decelerating effect on most industries, where the India Water Purifier Market was no exception. While the government imposed stringent movement restrictions & frequent lockdowns to curb the spread of this dreadful disease, the production of sales of water purifiers in the country witnessed several unprecedented challenges.
The supply chain carrying raw materials & deliveries of pre-produced water purifiers were severely disrupted, due to which the market underwent significant delays in operations. In addition to this, while the lockdown resulted in the shortage of labor & massive demand & supply gaps, several manufacturing units had to reduce their production & eventually shut down their production houses.
However, the India Water Purifier Market observed a decent hike amidst the crisis principally due to the growing health concerns associated with the spread of the Covid-19 virus and the critical need to maintain hygiene. This burgeoning need for potable water played a crucial role in escalating the demand for water purifiers in the country.
With a gradually declining number of Covid-19 cases, the Indian government has uplifted the restrictions & allowed the recommencement of water purifier manufacturing units since 2021, i.e., projecting a plethora of growth opportunities for the leading players to suffice the escalating requirements for water purifiers in the years to come.
Market Segmentation
Based on End-User:
Of both, the Residential sector is anticipated to display the fastest market growth during the forecast period. It owes principally to the rapidly increasing awareness among people about the benefits of water purifiers entwined with escalating concerns associated with the health problems caused by water-borne diseases.
Additionally, the demand for potable water for various household applications like washing, cooking, drinking, bathing, etc., is amongst other crucial aspects stimulating the adoption of water purifiers equipped with technologies like Reverse Osmosis (RO), Ultraviolet (UV), and others across the residential sector & driving the market through 2026.
Based on Technology:
Of them all, Reverse Osmosis (RO) is anticipated to dominate the market with the largest share during the forecast period. It owes principally to the capabilities of the RO technology to kill micro-organisms, heavy metals, pesticides, and other dissolved solids & impurities in the water and make it safer for drinking. Besides, the market is witnessing an increasing demand for RO from both across residential & commercial sectors, principally for water decontamination.
Moreover, the rapidly increasing cases of water-borne diseases entwined with the mounting awareness among people about the benefits of new-age water purifiers are projected to generate lucrative growth opportunities for the leading players & boost the market in the coming years. Furthermore, several leading players in the market are actively participating & developing technologically advanced water purifiers that shall also augment the market growth through 2026.
On the other hand, Gravity Filters acquired the second-largest share in the India Water Purifier Market in recent years & is projected to prevail the same trend during 2021-26. It owes to the affordability & easy installation of these purifiers, coupled with benefits like no use of electricity or constantly running water. Additionally, with timely maintenance, these filters can come in handy in a long run.
Recent Developments by Leading Companies
Market Dynamics:
Key Driver & Opportunity: Growing Health Concerns and the Emergence of Smart Water Purifiers
With an escalating number of deaths & cases recorded in the country due to water-borne diseases like Diarrhea, people are increasingly becoming health cautious & adopting water purifiers for safer drinking water. Additionally, the active participation of the Indian government encouraging the utilization of water purifiers through various campaigns is further stimulating their demand. As a result, the market is displaying lucrative growth opportunities for the leading manufacturers to introduce water purifiers with advanced technologies like smart water purifiers. These factors, all together, are projected to drive the India Water Purifier Market growth during 2021-26.
Growth Restraint: High Replacement Costs of Filters
Water purifier requires timely maintenance every 6 to 12 months for optimally filtering water. The replacement cost of filters is expensive. Although it varies from manufacturer to manufacturer, a common overall rate is pretty high for maintenance. It is a notable challenge for the market growth that might restrain the adoption of water purifiers across rural areas or among the low-income population in the country over the forecast years.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The India Water Purifier Market is projected to grow at a CAGR of around 15% during 2021-26.
A. Reverse Osmosis (RO) is anticipated to emerge as an area of remunerative opportunities for the leading players in the India Water Purifier Market during 2021-26.
A. Increasing health concerns due to water-borne diseases like Diarrhea entwined with the active participation of the government encouraging the public to use water purifiers is generating growth opportunities for the manufacturers to increase their production and driving the India Water Purifier Market through 2026.
A. How will the Covid-19 pandemic impact the India Water Purifier Market in the coming years?
