Overview:

The global water purifier market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The equipment used for water purification is termed as water purifier. The water purifier helps to remove impurities, harmful substances, microorganisms, and other contaminants from water.

The water purifiers use various technologies such as activated carbon, reverse osmosis (RO), and UV technology for water purification. The impurities are sometimes adsorbed or sometimes prevented to flow and collected based on the type of impurity. Hence the water passed from water purifier is healthy and safe to drink.

Market Dynamics:

Rising awareness about the health benefits of purified water among general population is a key factor driving growth of the global water purifier market. The increasing social media advertising is playing a key role in generation of social awareness about health benefits of water purifier.

In addition, growing prevalence and incidence of water borne disease across the globe is another major factor supporting growth of the target market. For instance, according to World Health Organization (WHO), around 525,000 children die due to diarrhea every year across the globe. In addition, as per WHO, each year around 1.7 Bn cases of diarrhea disease occur in children across the globe.

Moreover, increasing disposable income, growing spending on healthcare, and increasing technological advancements in product are among the others factors supporting target market growth.

Key Trends:

Growing focus on product advancement and product launches among key players is a key trend witnessed in the global water purifier market. For example, in July 2020, Eureka Forbes Limited has launched Aquaguard Marvel water purifier. The product is available with technologies such as RO, UV e-boiling, taste adjuster, and the active copper technology.

Regional Analysis:

For detailed understanding of market dynamics, the global water purifier market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, the target market is dominated by Asia Pacific region and is expected to maintain the dominance over the forecast period. Presence of large consumer base and declining product cost are key factors supporting growth of the target market in countries in the region.

However, the market in North America and Europe region is expected to witness considerable growth over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Water Purifier Market, By Portability:

• Portable
• Non-portable

Global Water Purifier Market, By Technology:

• UV
• RO
• Gravity Based

Global Water Purifier Market, By Distribution Channel:

• Offline
• Online

Global Water Purifier Market, By End User:

• Commercial
• Residential

Key Players Covered:

Key players operating in the global water purifier market includes, Amway Corporation, Eureka Forbes Limited, A.O. Smith Corporation (Aquasana Inc.), Halo Source Inc., LG Electronics, Kent Ro System Ltd., Panasonic Corporation, Tata Chemicals Ltd., Ecolab, Inc. (Aquatech International LLC), and BWT AG.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Water Purifier Market by portability, technology, distribution channel, end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global water purifier market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.