Global Water Purifiers Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to 2026
Summary -
A new market
study, titled “Global Water Purifiers Market Analysis,
Trends and Opportunities 2020 - 2026” has been featured on WiseGuyReports.
This report focuses
on the water purifiers market which is experiencing strong growth. The report
gives a guide to the water purifiers market which will be shaping and changing
our lives over the next ten years and beyond, including the market's response
to the challenge of the global pandemic.
Reasons to Purchase
• Gain a truly
global perspective with the most comprehensive report available on this market
covering 12+ geographies.
• Understand how the
market is being affected by the coronavirus and how it is likely to emerge and
grow as the impact of the virus abates.
• Create regional
and country strategies on the basis of local data and analysis.
• Identify growth
segments for investment.
• Outperform
competitors using forecast data and the drivers and trends shaping the market.
• Understand
customers based on the latest market research findings.
• Benchmark
performance against key competitors.
• Utilize the
relationships between key data sets for superior strategizing.
• Suitable for
supporting your internal and external presentations with reliable high quality
data and analysis
• Report will be
updated with the latest data and delivered to you within 3-5 working days of
order.
Description:
Where is the largest
and fastest growing market for the water purifiers? How does the market relate
to the overall economy, demography and other similar markets? What forces will
shape the market going forward? The Water Purifiers market global report from
the Business Research Company answers all these questions and many more.
The report covers
market characteristics, size and growth, segmentation, regional and country
breakdowns, competitive landscape, market shares, trends and strategies for this
market. It traces the market’s historic and forecast market growth by
geography. It places the market within the context of the wider water purifiers
market, and compares it with other markets.
• The market
characteristics section of the report defines and explains the market.
• The market size
section gives the market size ($b) covering both the historic growth of the
market, the impact of the Covid 19 virus and forecasting its recovery.
• Market
segmentations break down market into sub markets.
• The regional and
country breakdowns section gives an analysis of the market in each geography
and the size of the market by geography and compares their historic and
forecast growth. It covers the impact and recovery trajectory of Covid 19 for
all regions, key developed countries and major emerging markets.
• Competitive
landscape gives a description of the competitive nature of the market, market
shares, and a description of the leading companies. Key financial deals which
have shaped the market in recent years are identified.
• The trends and
strategies section highlights the likely future developments in the market and
suggests approaches companies can take to exploit this.
• The water
purifiers market section of the report gives context. It compares the water
purifiers market with other segments of the water purifiers market by size and
growth, historic and forecast. It analyses GDP proportion, expenditure per
capita, water purifiers indicators comparison.
Scope
Markets Covered: 1)
By Technology Type: RO Water Purifier; UV Water Purifier; Gravity-Based Water
Purifier 2) By End-User: Industrial; Commercial; Household 3) By Distribution
Channel: Retail Stores; Direct Sales; Online 4) By Portability: Portable;
Non-Portable 5) By Device Type: Wall Mounted; Countertop; Tabletop;
Faucet-mounted; Under-The-Sink (UTS)
Companies Mentioned:
Xiaomi; Livpure; LG Electronics; Unilever N.V; Panasonic Corporation
Countries: Brazil;
China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA
and Australia
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America;
Middle East; Africa
Time series: Five
years historic and ten years forecast.
Data: Ratios of
market size and growth to related markets, GDP proportions; per capita
expenditure.,
Data segmentations:
country and regional historic and forecast data, market share of competitors,
market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Major players in the
water purifiers market are Xiaomi, Livpure, LG Electronics, Unilever N.V,
Panasonic Corporation, Kinetico Inc, Aquatech International LLC, GE Appliances,
A.O. Smith Corporation, and Whirlpool Corporation.
The global water
purifiers market is expected to grow from $35.05 billion in 2019 and to $35.72
billion in 2020 at a growth rate of 1.90%. The slow growth in 2020 is mainly
due to the economic slowdown across countries owing to the COVID-19 outbreak
and the measures to contain it. The market is then expected to grow and reach
$46.27 billion in 2023 at CAGR of 9.01%.
The water purifiers
market consists of the sales of water purifiers and related services. Water
purifiers are the devices used to purify water from the biological
contaminants, toxins, harmful chemicals & gases, and others impurities such
as solid particles so that it can be safe for drinking. It also decreases the
level of hazardous pollutants in it and making it suitable for the industries
before releasing it into the water bodies.
Asia Pacific was the
largest region in the water purifiers market in 2019. North America was the
second largest region in the water purifiers market in 2019.
The increase usage
of internet of things technology (IOT) enabled water purifier is an emerging
trend in the water purifiers market. The Internet of Things is a network which
contains interrelated physical components which can be accessed using the
internet for collecting and exchanging data. In water purifiers, the Internet
of things is used to give information on the water quality, life of the
filters, total dissolved solids levels, and service support. For instance, MI
(Xiaomi), a Chinese smart phone manufacturer recently launched the Mi Smart
Purifier which is an app-enabled and can be linked to the Xiaomi Home app. The
app gives the data of total dissolved solids (TDS), and remaining filter life.
Most of the recent products nowadays are enabled with internet of things, so it
is expected to be an emerging trend in the water purifiers market.
High maintenance and
equipment cost is expected to hinder the growth of the water purifier market
during the period. The average cost of water purifiers ranges from USD 100 to
$2,773 depending on the model and it needs the repeated maintenance, especially
in the case of Reverse Osmosis Purifiers which require a maintenance every 3 to
12 months depending on the usage of water. The maintenance cost ranges from USD
120 to USD 750, which cannot be afforded by the people living in rural areas or
those belonging to under the poverty range population. Consequently, high
equipment and maintenance cost is anticipated to hinder the growth of water
purifiers.
In January 2020,
Dupont, an American company, acquired Desalitech an Israel-based Desalination
Corporation, which uses a technology named closed-circuit reverse osmosis
(CCRO) for an undisclosed amount. Dupont aims to improve the reuse of
wastewater and the acquisition will brings the CCRO technology to the company
and it will reduce the cost of the water life cycle and promote 95% percent of
its recovery. It will support the business strategy of Dupont in accelerating
productivity by the introduction of this innovative technology. Desalitech is a
global leader in reverse osmosis whose patented technology is widely used in
municipalities and industries as if offers a high recovery rate with minimal
manpower and cost.
The scarcity of safe
water is contributing to the growth of the water purifier market. According to
the United States National Ocean Service, about 97.0% of the water on earth is
salt water and the remaining 3.0% is available in the form of ice, vapor,
groundwater and freshwater sources. Factors such as growing industrialization,
urbanization, increase population is contaminating water with harmful
contaminants. Contaminants in water can be found in the form of disinfection
byproducts, solvents and pesticides, arsenic and others. Also, depleting water
sources further adds to the safe water crisis across the globe. Water has to be
treated or purified before using and this is done by the water purifiers.
According to the World Health Organization’s annual report, that was published
in June 2019, about 2 million people worldwide are drinking water that is
contaminated with the faecal matter. Therefore, the rise in the scarcity of
safe water is expected to boost the demand for water purifiers over the
forthcoming years.
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