Global Water Purifier Market 2021 Advantages and Applications ,Trends and Top Key Players: Amway Corporation, A. O. Smith Corporation (Aquasana Inc.), Best Water Technology.
Global Water Purifier Market US$ 36285 million in 2020 and is estimated to be US$ 84870 million by 2030 and is anticipated to register a CAGR of 8.90%. Drinking water purifiers are systems or pieces of equipment that filter water. Some of the technologies utilised in water purifiers include activated carbon, UV technology, and reverse osmosis (RO). The demand for water purifiers has grown over time as pollutants, dissolved solids, chemical compounds, and other materials have increased. As a result of increased water contamination caused by continued industrial expansion and unregulated waste discharge into water sources, water quality is decreasing. Due to increased consumer health concerns, demand for water purifiers is expected to increase rapidly throughout the forecast period.
Analyst View:
Rising disposable income in emerging economies has assisted the growth of the water purifier market. As a customer’s income rises, so does their spending power, resulting in a higher standard of living. In addition, demand for water purification systems in emerging nations is being driven by improved municipal supply of safe water and an increase in the number of water recycling operations. As a result of population skill improvement and greater employment in service-oriented industries, several developing economies, such as Brazil and China, have seen an increase in disposable income. As a result, the need for water filtration systems in these fields has increased, contributing to the expansion of the water purifier market. Cleaning techniques have become more common as people’s concerns about their health and well-being have expanded. This is a major element that has aided in the expansion of the global water purifiers market. Furthermore, improved diagnoses, widespread access of healthcare services, and changes in economic and social systems have all benefited consumer health in diverse countries. As a result, as people become more health conscious and the prevalence of waterborne diseases rises, the need for water purifiers.
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Key Highlights of Water Purifier Market:
- In January 2022, Tesla Power USA enters wellness business with launch of Alkaline RO Water Purifiers. Tesla Healthy Life has launched 2 series of the Alkaline RO Water Purifiers- YogJal Series and Alkalino.
- In 2021, Livpure, a pioneer in providing healthy and sustainable living, has unveiled another another futuristic range that represents a significant advancement in RO (Reverse Osmosis) based water purifiers. According to the Asian Development Bank, India would have a 50 percent water shortfall by 2030.
Key Market Insights from the report:
The Global Water Purifier Market accounted for US$ 36285 million in 2020 and is estimated to be US$ 84870 million by 2030 and is anticipated to register a CAGR of 8.90%. The Global Water Purifier Market has been segmented on the basis of technology, portability, distribution channel, end-user and region.
By Technology:
UV, RO, and Gravity based.
By Portability:
Portable, and Non-portable.
By Distribution Channel:
Retail Sales, Direct Sales, and Online
By End-user:
Commercial and Residential.
By Region:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Water Purifier Market:
Some of the major players operating in the global industrial water purifier include Amway Corporation, A. O. Smith Corporation (Aquasana Inc.), Best Water Technology, Eureka Forbes Limited, Halo Source Inc., Kent Ro System Ltd., LG Electronics, Panasonic Corporation, Suez Water Technologies & Solutions (SUEZ), and Tata Chemicals Ltd.
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Global Water Purifier Market, By Technology Type:
- UV
- RO
- Gravity based
Global Water Purifier Market, By Portability:
- Portable
- Non-portable
Global Water Purifier Market, By Distribution Channel :
- Retail Sales
- Direct Sales
- Online
Global Water Purifier Market, By End-user :
- Commercial
- Residential
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
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Market Purview
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Estimation
- Top-Down Approach
- Bottom-Up Approach
- Market Breakdown and Data Triangulation
- Research Assumptions
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
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