New York, United States, April 22, 2024 (GLOBE NEWSWIRE) -- The Global Mineralized Water Machine Market Size is to Grow from USD 4.48 Billion in 2023 to USD 8.14 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.15% during the projected period.
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A mineralized water machine is a type of device that filters and alkalizes water using minerals. Using a mineralized water machine is important because it can help balance the body's pH levels while also improving the taste and quality of drinking water. Furthermore, the rising demand for mineralized water among the health-conscious population is driving the growth of the bottled water market. Companies must differentiate themselves from the competition and create new products to meet the changing demands of their target market, as consumers seek healthier beverage options. The global mineralized water machine market is growing due to the largely rising demand for safe drinking water, particularly in developing economies with large populations, as well as a lack of proper water management in some residential areas. However, the criteria for filter replacement differ depending on the product type and technology used in the mineralized water machine. As a result, the overall cost of maintaining the mineralized water machine increases dramatically. As a result, the high cost of filters poses a significant challenge to the global mineralized water machine market's growth.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Mineralized Water Machine Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Wall-mounted Machines, Bibcock Machines, Pipeline Machines, and Others), By Distribution Channel (Online, Offline), By Application (Household, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The wall-mounted machines segment is anticipated to hold the greatest share of the global mineralized water machine market during the projected timeframe.
Based on the product type, the global mineralized water machine market is divided into wall-mounted machines, bibcock machines, pipeline machines, and others. Among these, the wall-mounted machines segment is anticipated to hold the greatest share of the global mineralized water machine market during the projected timeframe. Wall-mounted machines provide a consistent and practical source of clean water because they are commonly integrated into homes, workplaces, and commercial buildings. Wall-mounted machines are becoming increasingly popular due to their higher purification capacities, dependability, and ability to serve a larger customer base.
The offline segment is anticipated to grow at the fastest pace in the global mineralized water machine market during the projected timeframe.
Based on the distribution channel, the global mineralized water machine market is divided into online, and offline. Among these, the offline segment is anticipated to grow at the fastest pace in the global mineralized water machine market during the projected timeframe. This growth can be attributed to factors similar to customers' traditional purchasing behaviors, which often require them to physically inspect and purchase appliances before making a decision. The availability of in-person consultations, personalized assistance, and the ability to view product samples all contribute to the demand for offline channels.
The household segment is predicted to grow at the highest pace in the mineralized water machine market during the estimated period.
Based on the application, the global mineralized water machine market is divided into household, commercial, industrial, and others. Among these, the household segment is predicted to grow at the highest pace in the mineralized water machine market during the estimated period. Mineralized water devices are widely used in households to improve the quality of tap water. They work by removing contaminants such as chemicals and minerals and then replenishing the minerals required for drinking water.
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North America is expected to hold the largest share of the global mineralized water machine market over the forecast period.
North America is expected to hold the largest share of the global mineralized water machine market over the forecast period. Water purifying machinery, such as under-sink or pipeline mineralized water machines, are in great demand in North America because of the population's changing and hectic lives, as well as a growing awareness and inclination for modular kitchen designs. Factors such as increased consumer knowledge and awareness of the benefits of mineralized water machines, an aging population, a shift toward healthier lifestyles, and increased personal care spending are driving the growth of the water purifying machines market in the United States, which in turn is propelling the mineralized water machine market.
Asia Pacific is predicted to grow at the fastest pace in the global mineralized water machine market during the projected timeframe. Though water filtration technologies are not commonly employed in India, there is a growing concern about waterborne infections and their harmful health consequences. Furthermore, prominent global firms such as A.O. Smith Corporation, Brita LP, and others are investing heavily in the Indian water purification market. As a result, the Indian mineralized water machine market is predicted to grow at the quickest rate over the forecast period.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Mineralized Water Machine Market include Fairey Industrial Ceramics India Private Limited, Syntegon Technology GmbH, Culligan Water, 3M, Honeywell International Inc., Pentair PLC, Watts, General Electric, Midea, Great Eastem Retail, and Others.
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Recent Developments
- In July 2022, Pentair PLC stated that it had finalized the acquisition of the Manitowoc Ice from Welbilt Inc. The move would assist build their commercial water solutions business.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Mineralized Water Machine Market based on the below-mentioned segments:
Global Mineralized Water Machine Market, By Product Type
- Wall-mounted Machines
- Bibcock Machines
- Pipeline Machines
- Others
Global Mineralized Water Machine Market, By Distribution Channel
- Online
- Offline
Global Mineralized Water Machine Market, By Application
- Household
- Commercial
- Industrial
- Others
Global Mineralized Water Machine Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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