Water Purifier Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

Water Purifier Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
Global Water Purifier Market size is projected to hit around US$ 56.79 Billion by 2028, according to Renub Research. Water purifiers are crucial device that make certain secure consuming water by doing away with harmful viruses, bacteria, and contaminants. Their effectiveness in removing cryptosporidium and giardia reduces the danger of gastrointestinal illnesses by over 30%. Additionally, they clear out chlorine and its by products, reducing the possibilities of bladder and rectal cancers. Access to pure water has numerous health blessings, such as keeping ultimate strength tiers, improving pores and skin health, aiding in weight reduction, and strengthening the immune machine. Furthermore, purified water enhances the taste of dishes when used in cooking and extends the lifespan of plumbing systems, lowering protection expenses.

In developing world, in which approximately 3.5 million people, such as children, die every 21 seconds due to waterborne sicknesses because of contaminated water, the demand for water purifiers is driven by the pressing want to combat this crisis. The shortage of fresh water, rising pollution tiers, and rising population growth make the scenario even greater dire in these areas. The rising prevalence of waterborne diseases is a major driving force for water purifier demand, stemming from deteriorating water quality due to untreated sewage, chemical compounds, pesticides, nutrients, and commercial, agricultural & municipal waste dumping into water bodies, posing large health risks. Even municipal water components in city regions are quite risky, necessitating further purification to get rid of heavy metals, viruses, cysts, bacteria, and pollution. With increasing industrialization leading to greater water pollutants, the demand for water purifiers market is predicted for upward push.

Global water purifier market is projected to develop at a CAGR of 9.18% from 2022 to 2028.

The enlargement of food and beverage production facilities contributes to the growthof the water cleaner market. This drives the demand for water purification structures, specifically for recycling water. Increasing focus of water impurities and effective marketing campaigns by water purifier organizations have made population areas, and the supply of water purification product through retailer further propel the demand for water treatment solutions.

The presence of heavy metals in the surroundings, which include chromium, mercury, manganese, nickel, cadmium, zinc, copper, and lead, poses tremendous fitness dangers. These metals are regularly found in agricultural and industrial wastewater. To mitigate the fitness risks, heavy metal content in wastewater have to be reduced before discharge. This issue in addition underscores the need for superior era-enabled water treatment purifiers. The water purifier market accounted for US$ 33.53 Billion in 2022.

Reverse Osmosis (RO) sector commands a dominant market share in the global water purifier industry.

By Technology, Water Purifier Market is segmented into RO Purifier, UV Purifier, Gravity Purifier & Others. RO-primarily based products lead the global water purifier market due to their powerful contaminant removal, addressing heavy metals, dissolved solids, microorganism, and viruses. Recognized by consumers and industries alike, RO systems efficaciously address water quality concerns, driving surging demand amid developing pollutants and health concerns. Advancements in RO technology enhance efficiency and accessibility, fueling massive adoption. In a world wherein clean water access is paramount, RO's dominance guarantees a healthier, safer future globally.

Retail stores play a dominant role in the water purifier market, serving as number one distribution channels for a huge variety of water purification product
By Distribution Channel, Water Purifier Market is classified into Retail Stores, Direct Sales and Online. The retail sector holds a dominant role in the water purifier market, serving as a number one distribution channel for these essential products. Retail shops, which include bodily brick-and-mortar stores and supermarket/hypermarket, play a pivotal role in making water purifiers accessible to purchasers worldwide. This dominance stems from the convenience and range they provide to customers who can select from an extensive range of water purification technologies, brands, and fashions primarily based on their precise wishes and possibilities.

Furthermore, retail stores often offer valuable information and guidance to customers, helping them make knowledgeable selections approximately selecting the right water purifier for their houses. With its huge reach and comfort, the retail sector is expected to drive the adoption of water purifiers, making sure that more households and agencies have clean and safe drinking water.

Industrial water purifier sector is poised for enormous growth in the coming years.

By End User, Water Purifier Market is split into Commercial and Residential. The commercial water purifier is set for significant growth due to increasing recognition of safe drinking water, stricter guidelines, and technological improvements. Businesses across various industries are spotting the significance of offering clean water to consumers and employees. This growth trend spans sectors like hospitality, healthcare, schooling, and manufacturing. Technological innovations are making commercial water purifiers more efficient and affordable, driving adoption. The convergence of health consciousness, regulatory demands, and technological improvements positions the commercial water purifier sector for substantial expansion, ensuring more secure and healthier water materials for diverse industries.

Increasing consumer apprehension in China regarding the safety and healthiness of consuming water is predicted to force substantial demand for water purifiers.
By Countries, Water Purifier Market is cut up into United States, Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Netherland, Saudi Arabia, South Africa, Spain, United Kingdom, Turkey and Rest of World. China's rapid urbanization has reshaped lifestyles and consumption patterns, straining access to clean water due to overburdened infrastructure. Water purifiers provide localized solutions, meeting urban demands efficiently. Approximately 68% of China's groundwater requires treatment, while growing older pipes and reservoir pollutants render tap water unsafe.

Government policies promoting water pollution awareness are gaining traction, yet a third of rivers fail to meet standards. Rural areas face wastewater treatment gaps amid a populace of 1.13 Billion. China's water sources face growing threats from pollution, leading to preventative measures like the ""Water Pollution Prevention Law"" and ""Water Pollution Prevention Action Plan."" Notably, the water purifier market anticipates growth, with competition introducing progressive, feature-rich products, aligned with government concerns. In 2022, Xiaomi's Water Purifier H800G Pro, prepared with an RO filter element lasting five years, exemplifies this trend.

Key Player

Some prominent players operating in the Water Purifier Market are Panasonic Corporation, Honeywell International INC, AO Smith Corporation, Unilever Plc, Pentair, Helen of Troy Limited, Koninklijke Philips N.V. and 3M Corporation.

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 (Panasonic Corporation, Honeywell International Inc., AO Smith Corporation, Unilever plc, Pentair, Helen of Troy Limited, Koninklijke Philips N.V, 3M Corporation)” provides a detailed analysis of global water purifier industry.

Technology – Market has been covered from 4 viewpoints

1. RO Purifier
2. UV Purifier
3. Gravity Purifier
4. Others

Distribution Channel – Market has been covered from 3 viewpoints

1. Retail Stores
2. Direct Sales
3. Online

End User – Market has been covered from 2 viewpoints

1. Residential
2. Commercial

Countries – Market has been covered from 22 viewpoints

1. North America

1.1 United States
1.2 Canada

2. Latin America

2.1 Argentina
2.2 Brazil
2.3 Mexico

3. 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

4. Asia Pacific

4.1 China
4.2 India
4.3 Japan
4.4 Australia

5. Middle East & Africa

5.1 Saudi-Arabia
5.2 Israel
5.3 South Africa

6 Rest of the World

All the companies have been studied from 3 points

• Overview
• Recent Development
• Sales Analysis

Company Analysis

1. Panasonic Corporation
2. Honeywell International Inc.
3. AO Smith Corporation
4. Unilever plc
5. Pentair
6. Helen of Troy Limited
7. Koninklijke Philips N.V
8. 3M Corporation