Water Purifier Market Surges to USD 46.54 Billion by 2030, Propelled by 7.18% CAGR – Verified Market Research®

Published On : 08/12/2024

The Global Water Purifier Market Size is projected to grow at a CAGR of 7.18% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 24.95 Billion in 2021 and is expected to reach USD 46.54 Billion by the end of the forecast period.

The water purifier market is driven by increasing awareness about waterborne diseases, rising health consciousness, and the growing scarcity of clean drinking water. Technological advancements and urbanization further boost demand. However, market growth is restrained by high initial costs, maintenance expenses, and lack of awareness in rural areas. Additionally, the presence of alternative purification methods and the economic impact of the COVID-19 pandemic also pose significant challenges.

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202 – Pages

126 – Tables

37 – Figures

Scope Of The Report

REPORT ATTRIBUTES	DETAILS
STUDY PERIOD	2018-2030
BASE YEAR	2021
FORECAST PERIOD	2022-2030
HISTORICAL PERIOD	2018-2020
UNIT	Value (USD Billion)
KEY COMPANIES PROFILED	A. O. Smith, Eureka Forbes, Livpure, Blue Star, KENT RO Systems, BRITA, Amway, Tata Chemicals, Panasonic, BWT Holding.
SEGMENTS COVERED	By Application By Product By Geography
CUSTOMIZATION SCOPE	Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

 

Water Purifier Market Overview

Increasing Focus on Health Awareness: The growing concern regarding waterborne diseases and the significance of clean drinking water greatly influences the Water Purifier Market. With the increasing focus on health and wellness, there has been a significant rise in the demand for reliable water purification solutions. This surge in demand has resulted in a strong growth in the market.

Advancements in technology: Advancements in water purification technologies, like UV filtration and reverse osmosis, improve the efficiency and effectiveness of water purifiers. These advancements not only enhance water quality, but also attract B2B clients looking for dependable solutions, which in turn drives market growth.

Government Initiatives: Government policies and safety regulations are crucial factors that contribute to the growth of the Water Purifier Market. There are great opportunities for manufacturers and service providers to enhance market growth by adopting purification technologies, especially in underserved areas. Incentives play a key role in driving this adoption.

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Expensive upfront investment: Potential buyers, especially small businesses and households, may be discouraged by the significant initial investment needed for advanced water purification systems. The cost barrier mentioned could potentially hinder market penetration and impede overall growth, as certain consumers may choose less efficient alternatives.

Insufficient knowledge in developing markets: In many emerging markets, there is a lack of awareness about the advantages of water purifiers, which is impeding market growth. Without a solid grasp of the significance of water purification and its benefits, potential customers might be reluctant to invest in these technologies, which could impact the overall demand.

Maintenance and Operational Challenges: The maintenance requirements and operational complexities of advanced water purification systems can be discouraging for potential users. Concerns regarding regular maintenance and the associated expenses can hinder customer involvement, thereby limiting the growth potential of the Water Purifier Market.

Geographic Dominance:

The growth of the water purifier market is greatly impacted by geographical dominance. Regions with strict water quality regulations, like North America and Europe, create a strong demand for cutting-edge purification technologies. On the other hand, developing regions such as Asia-Pacific and Africa are confronted with issues such as water scarcity and contamination, which increase the demand for cost-effective and high-performing purification solutions. The market expansion is further propelled by urbanization and the increase in disposable incomes in these regions. Geographical factors play a significant role in shaping product offerings, pricing strategies, and marketing approaches, which ultimately contribute to the growth opportunities.

Water Purifier Market Key Players Shaping the Future

Major players, including A. O. Smith, Eureka Forbes, Livpure, Blue Star, KENT RO Systems, BRITA, Amway, Tata Chemicals, Panasonic, BWT Holding. and more, play a pivotal role in shaping the future of the Water Purifier Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Water Purifier Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Water Purifier Market into Product, Application, And Geography.

• Water Purifier Market, by Product:

• • RO Based
  • UV Based

• Water Purifier Market, by Application:

• • Residential
  • Commercial
  • Industrial

• Water Purifier Market, by Geography

• North America

• • • • U.S
      • Canada
      • Mexico

• Europe

• • • • Germany
      • France
      • U.K
      • Rest of Europe

• Asia Pacific

• • • • China
      • Japan
      • India
      • Rest of Asia Pacific

• ROW

• • • Middle East & Africa
    • Latin America

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