Rockville , Sept. 06, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global water purifier market is projected to rise at a CAGR of 9.3% and reach a value of US $120 Billion by the end of 2033
Water purifiers are devices that clean and enhance the quality of water by removing contaminants and impurities, making it safe for drinking and other uses. They're a better choice than alternatives like boiling or using chemicals because they provide consistently clean water with less hassle. Water purifiers are cost-effective in the long run, reduce environmental impact by cutting down on plastic bottle waste, preserve essential minerals in the water, improve taste and odor, and are suitable for both small and large-scale water needs.
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Several important drivers are shaping the expansion of the water purifier market. These include increasing concerns about water contamination and its impact on health, rising raising awareness of the importance of clean drinking water, stricter government regulations on water quality, and the desire for convenience and cost-effectiveness in obtaining safe water. The water purifier market faces several challenges, both technical and market-related. These challenges can vary by region and depend on factors such as water quality, infrastructure, consumer awareness, and regulatory frameworks.
Key Takeaways:
- The United States water purifier market occupied US $ 11 Bn in 2022.
- India, Japan, and China are prominent regional markets in the Asia-Pacific region. The China market is expected to witness a value of US $ 21.5 Bn in 2033. Moreover, Japan is expected to witness a CAGR of 6.4% during the forecast period.
- In Europe, the German market is expected to witness a CAGR of 7% during the forecast period (2023-2033).
- As per the segment, the RO purifier systems segment is expected to witness a value of US $ 56.1 Bn in 2033.
Report Attributes | Details |
| Forecast Period | 2023 - 2033 |
| Value Projection (2033) | US$ 120 Billion |
| Growth Rate (2023-2033) | 9.3% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 80 Tables |
| No. of Figures | 219 Figures |
The water purifier market is primarily driven by important factors such as increasing awareness of clean water, stringent government regulations, and the high need for convenient and healthy drinking water solutions. - Says FACTMR Expert
Key Companies Profiled in This Report
- The 3M Company
- General Electric Company
- Amway Corporation
- O. Smith Corporation
- Pentair
- Brita LP
- Culligan International Company
- Panasonic Corporation
- Unilever PLC
- LG Electronics
- Best Water Technology Group
- Helen of Troy Limited
- iSpring Water Systems
- Kent RO Systems Ltd.
- Honeywell International Inc.
Market Competition
The water purifier market is highly competitive, with a wide range of players offering diverse products and technologies. Continuous innovation, marketing efforts, pricing strategies, and customer service are key elements that define the competitive landscape in this industry.
- In September 2021, A.O. Smith introduced its water treatment units featuring UV technology along with silver-activated post-carbon filters to the Indian market. This newly unveiled product offers a distinctive blend of visual appeal, state-of-the-art purification capabilities, and innovative features.
Winning strategies
- Key players should invest in research and development to make better water purifiers that work more effectively, use less energy, and are easier for people to use. This includes finding better ways to clean the water and making the machines smarter and more eco-friendly.
- Moreover, companies can do better by making long-term deals with businesses or industries. These agreements offer stability and a steady income, which helps in tough times. They also build trust with customers, save money by producing more, and encourage companies to invest in better technology. Overall, securing long-term contracts is a smart way for companies to succeed in the market.
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Segmentation of Water Purifier Industry Research Report
- By Product:
- Point-of-use Filters
- Point-of-entry Filters
- By Technology:
- RO Purifiers
- Gravity-based Purifiers
- UV Purifiers
- By End Use:
- Residential
- Commercial
- By Distribution Channel:
- Retail Stores
- Direct Sales
- Online Channels
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Water Purifier Market, presenting forecast statistics for the period of 2023–2033.
The study reveals essential insights on the basis of by Product (Point-of-use Filters, Point-of-entry Filters), By Technology (RO Purifiers, Gravity-based Purifiers, UV Purifiers), By End Use (Residential, Commercial), By Distribution Channel (Retail Stores, Direct Sales, Online Channels) & By Region.
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About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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