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Water Purifier Market, Size, Share, Growth and Key Players | Forecast (2023 – 2028) | Renub Research
Renub Research report titled “Water Purifier Market, Global Forecast by Technology (UV Purifier, RO purifier, Gravity purifier and Others), Distribution Channel (Retail Stores, Direct Sales and Online), By End User (Residential and Commercial), Countries United States, Canada, Argentina, Brazil, Mexico, Germany, France, United Kingdom, Spain, Switzerland, Italy, Belgium, Netherland, Turkey, China, India, Japan, Australia, Saudi-Arabia, Israel, South Africa, and Rest of the World), Company Analysis 2022-2028” finds that the Global Water Purifier Market size is projected to hit around US$ 56.79 Billion by 2028.
The water purification method is designed to do away with or reduce present water contaminants to the point where the water is healthy to be used. In current years, an innovative method which includes nanotechnology was studied to increase water purification technologies. Water is essential for human survival, but billions of people round the sector lack access to secure clean water. Water-associated sicknesses stay highly concern, with 80% of all diseases and deaths within the growing global attributable to poor water and sanitation. Shockingly, a child dies each eight seconds due to water-related diseases, even though we’ve lengthy regarded that these diseases are effortlessly preventable.
Several factors pressure the water purifier marketplace, including growing recognition about waterborne diseases and technological improvements. Contaminated drinking water is a huge reason of waterborne diseases including cholera and diarrhea. The problem has become more accepted because of fast urbanization and industrialization, main to accelerated pollution caused by unsafe and toxic materials released into water bodies with the aid of chemical and strength flora. The significance of water treatment solutions cannot be overstated, as it creates substantial growth possibilities for providers operating in the water purifiers and filter market.
The global water purifier marketplace is expanding hastily, pushed by rising disposable income in rising economies. This growth in purchasing power has brought about a development within the standard of living, resulting in a higher demand for water purification structures. The demand for these systems is likewise fuelled by the increased supply of secure water by municipalities and the upward thrust in water recycling medications in emerging countries.
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However, the high value of device and preservation might also limit the marketplace’s increase in upcoming years. To keep up with the trendy traits, UV water purifiers and AI-based water purification structures were added. These revolutionary technologies are expected to power the boom of the water purifier market in the forecast year.
The worldwide water purifier market is projected to develop at a CAGR of 9.18% from 2022 to 2028, indicating a growing marketplace for water treatment solutions.
3.75 Million Human beings die from water-related illnesses every year that is equivalent to a jumbo jet crashing every hour. This highlights the urgent need for effective water treatment solutions and cleaners to make certain easy and secure consuming water for all. Among these humans, youngsters account for 2.2 million deaths. The scarcity of safe water contributes to the roar of the water purifier marketplace. Over 2 billion people stay in water-stressed worldwide locations, which might be expected to increase in some regions because of climate change and populace increase. Shockingly, as a minimum 2 billion people globally use a consuming water supply infected with feces, which poses a considerable chance to their health. Microbial infection of consuming water is a primary public health difficulty, and it may transmit sicknesses which include diarrhea, cholera, dysentery, typhoid, and polio.
The Asia Pacific Water Purifier Market is developing each day.
The water purifier market is currently dominated by the Asia Pacific region, which holds the largest market share globally. China is the largest stockholder, followed by Japan. Although there is a lower adoption rate of these filtration devices in India, public awareness of waterborne diseases and the harmful effects they have on the body’s health is rising. To tap into the vast potential of the Indian market, global players such as A.O. Smith Corporation and Brita LP are investing significantly in the Indian water purification sector. It is projected that India will expand at the fastest rate during the predicted period. Other developed nations with high product penetration rates for water filtration are Japan, South Korea, Australia, and New Zealand.
The water purifier market is presently dominated by the Asia Pacific location, which holds the biggest marketplace percentage globally. China is the most important stockholder, observed through Japan. Although there may be a lower adoption rate of those filtration devices in India, public consciousness of waterborne diseases and the harmful results they have on the body’s fitness is increasing. To tap into the significant ability of the Indian marketplace, global marketplayers consisting of A.O. Smith Corporation and Brita LP are investing extensively within the Indian water purification segment. It is projected that India will extend at the fastest charge during the expected duration. Other developed countries with excessive product penetration rates for water filtration are Japan and Australia.
All the companies have been studied from 3 points
- Overview
- Recent Development
- Sales Analysis
Company Analysis
- Panasonic Corporation
- Honeywell International Inc.
- AO Smith Corporation
- Unilever plc
- Pentair
- Helen of Troy Limited
- Koninklijke Philips N.V
- 3M Corporation
Technology – The market has been covered from 4 viewpoints
- RO Purifier
- UV Purifier
- Gravity Purifier
- Others
Distribution Channel – The market has been covered from 3 viewpoints
- Retail Stores
- Direct Sales
- Online
End User – The market has been covered from 2 viewpoints
- Residential
- Commercial
Countries – The market has been covered from 22 viewpoints
- North America
1.1 United States
1.2 Canada
- Latin America
2.1 Argentina
2.2 Brazil
2.3 Mexico
- Europe
3.1 Germany
3.2 France
3.3 United Kingdom
3.4 Spain
3.5 Switzerland
3.6 Italy
3.7 Belgium
3.8 Netherland
3.9 Turkey
- Asia Pacific
4.1 China
4.2 India
4.3 japan
4.4 Australia
- Middle East & Africa
5.1 Saudi-Arabia
5.2 Israel
5.3 South Africa
6 Rest of the World
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