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Global Water Purifiers Market Research Report: Forecast (2021-2026)

  • ID: 5439470
  • Report
  • April 2021
  • Region: Global
  • 292 Pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • 3M Company
  • EcoWater Systems LLC.
  • Eureka Forbes Limited
  • GE Appliances
  • Kinetico Inc.
  • LG Electronics

Market Overview


A water purifier is a device that removes impurities from water, and various verticals, such as residential units, hotels, hospitals, corporate offices, food & beverages, and restaurants, use it.

According to the publishers' research report, Global Water Purifier Market Analysis, 2021, the market is likely to grow at a CAGR of around 9% during 2021-26. The growth primarily attributes to the surging demand of people for drinking safe water, mounting awareness of water-borne diseases, and the degrading water quality due to heavy metals, such as zinc, lead, magnesium, etc.

Besides, the burgeoning scarcity of freshwater worldwide, snowballing customer inclination toward a healthy lifestyle, and growing disposable income projected to fuel the market growth. The launch of technology integrated smart water purifiers by the market players and increasing disposable industrial waste and untreated sewage in water bodies proliferating the growing demand for water purifiers.

Moreover, rapid urbanization & industrial growth in the countries like India, China, and Brazil, entwined with the increasing spending on water recycling plants, are other crucial factors contributing to the overall market growth in the forecast period.

Covid-19 Positively Impacted the Global Water Purifier Market


The outbreak of COVID-19 in 2020 turned out to be an inflection point in the sales of water purifiers across North America, Europe, China, and several other economies. The entire supply chain of bottled water was paralyzed amidst the imposition of lockdown and restriction on movement, propelling the sales of water purifiers. COVID-19 pushed residential end-users to pursue a greater hygenic lifestyle, which further augmented the demand for sustainable water treatment products.

Eventually, the key countries in Europe such as Germany, France, Italy, Spain, the UK, Poland, etc., registered an increase in year-on-year growth ranging between 3% to 7% in 2020, over 2019. And, a similar trend is set to prevail in the forthcoming years.

Market Segmentation


Counter-top Carbon Accounted for a Significant Market Share


Based on Type, the Global Water Purifier Market bifurcates into Houseware, Countertop Carbon, Undersink Filtration, Undersink Others, Point-of-Entry Filtration, and Point-of-Entry Softening. Of all, Counter-top Carbon Water Purifiers held a significant market share in the previous few years. It owes to their rapidly increasing adoption in the residential sector due to the rising demand for freshwater.

Besides, the carbon filter helps remove 90% of harmful chemicals, such as volatile organic compounds, pesticides, and herbicides, from the drinking water, making it safe to drink. Additionally, the bad-tasting of tap water due to chemical usage to treat water also enabled people to shift toward using water purifiers. Thus, the surging need to improve the water quality has fueled the demand for counter-top carbon filters, thereby propelling the overall market growth, says the author in their research report, Global Water Purifier Market Analysis, 2021.

Regional Landscape


Global Water Purifier market Experiences Significant Growth in Europe, North America, and Asia-Pacific


Region-wise, the Global Water Purifier Market is analyzed mainly across North America, Europe, and Asia-Pacific, where Europe witnessed around 3.8% year-on-year(Y-o-Y) market growth during 2019-20. It primarily owes to the mounting demand for water purifiers in the residential sector and affordable water purifiers launched by leading manufacturers across Europe also contributed to the overall market growth


On the other hand, North America observed around 5% Y-o-Y market growth during the previous years. The growing water scarcity and the burgeoning initiatives by the government to shift consumer preferences toward adopting energy-saving & electric-based solutions are the most prominent factors propelling the demand for water purifiers in the region.

Pitchers exhibited rapid growth in North America and Europe, critically due to the growing health concerns among people and the paradigm shift of consumers toward adopting Work From Home culture.

The Global Water Purifier Market attained substantial growth across Asia-Pacific in the previous few years, mainly due to China's significant contribution to the market. The burgeoning requirements for water purifiers in urban households owing to the growing water contamination levels are among the prime aspects that propelled the market growth in China. Besides, the rapidly developing commercial sector and the flooding population in the country further surged the need for water purifiers extensively.

Furthermore, the various initiatives & investments by the government & leading market players toward introducing water purifiers with technologies, including reverse osmosis, ozone & ultra-violet, ultra-filtration, and activated carbon & candle filtration, also fueled the overall market growth in Asia-Pacific, reveals the author in their research report, Global Water Purifier Market Analysis, 2021.

Market Driver


Surging Awareness of Water-Borne Disease


Water is the most vital natural resource for supporting life. The declining water quality due to industrial growth and the dumping of untreated sewage waste in water bodies has resulted in the surging presence of harmful chemicals, such as chlorides, fluorides, and nitrate in groundwater, thereby raising health concerns among people.

Furthermore, the growing percentage of contaminated water, increasing incidences of various water-borne diseases, such as diarrhea, hepatitis, roundworm, and escalating demand for safe drinking water are also likely to accelerate the overall market growth in the forecast period.

Competitive Landscape


According to the publishers, the major leading players in the global Water Purifier market are Kent RO System Ltd., A. O. Smith Corporation (Aquasana Inc.), Eureka Forbes Limited, Panasonic Corporation, LG Electronics, SUEZ Water Technologies & Solutions, Unilever Plc, Kinetico Inc., Aquatech International LLC, GE Appliances, Whirlpool Corporation, Pentair Plc, EcoWater Systems LLC., 3M Company, Ion Exchange LLC, etc.

Key Questions Answered in the Market Research Report:


1. What are the primary overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Water Purifier Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Water Purifier Market?
4. Who are the key competitors, their key strengths and weaknesses, and how they perform in Global Water Purifier Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Water Purifier Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • EcoWater Systems LLC.
  • Eureka Forbes Limited
  • GE Appliances
  • Kinetico Inc.
  • LG Electronics
Introduction
Product Definition
Research Process
Assumptions

Market Segmentation
Executive Summary
Impact of COVID-19 on Global Water Purifier Market
Global Water Purifiers Market Outlook, 2016-26F
Houseware
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold
Countertop Carbon
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold
Undersink Filtration
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold
Undersink Others
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold
Point of Entry Filtration
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold
Point of Entry Softening
Market Size & Analysis
By Revenue (Fresh + Replacement)
By Units Sold

By Region
North America
South America
Asia-Pacific & Oceania
Middle East & Africa
Europe

By Competitor
Market Volume Share & Approximate Units Sold
Brand Wise Sales Channel
Technology and Price Category
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • A. O. Smith Corporation (Aquasana Inc.)
  • SUEZ Water Technologies & Solutions
  • Panasonic Corporation
  • LG Electronics
  • Eureka Forbes Limited
  • Kinetico Inc.
  • Unilever Plc
  • GE Appliances
  • Ion Exchange LLC Aquatech International LLC
  • EcoWater Systems LLC.
  • Whirlpool Corporation
  • Pentair Plc
  • 3M Company
Note: Product cover images may vary from those shown
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