expertmarket Water Purifier Market Outlook
According to the report by Expert Market Research (EMR), the global water purifier market forecast reached a value of approximately USD 45.46 billion in 2022. Aided by the escalating need for clean drinking water and the broadening applications of water purifiers across various sectors, the market is projected to further grow at a CAGR of 8.6% between 2023 and 2028 to reach a value of USD 73.83 billion by 2028.
Water purifiers are necessary home devices that make water safe for drinking and other applications by removing dangerous toxins, pollutants, and microbes. They are extensively used in residential, commercial, and industrial sectors. By lowering the danger of contracting waterborne infections, water purifiers are essential for sustaining health. In addition to their positive effects on health, modern filtration technologies give water purifiers a longer lifespan and greater energy efficiency, increasing their utility in various applications.
A significant factor propelling the global water purifier market growth is the growing consumer awareness of the health dangers linked to drinking impure water. Thus, there has been a significant shift towards the use of water purifiers as a result of rising health consciousness to guarantee access to clean drinking water. This trend is strengthened by growing urbanisation, changing lifestyles, and increasing disposable income.
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The expanding applications of water purifiers in various sectors is also contributing to the water purifier market expansion. Water purifiers are essential in the commercial and industrial sectors for processes that demand pure water, including laboratories, the production of pharmaceuticals, and food and beverage. The hospitality sector, which includes hotels and restaurants, uses water filters to ensure their patrons receive hygienic water.
A serious health risk arises from declining water quality that can lead to numerous waterborne illnesses. The majority of public water sources in urban areas are unsafe for consumption and must be cleaned of heavy metals, viruses, cysts, bacteria, and other pollutants. In addition, the demand for water purifiers is expected to surge in the coming years as industrialisation and pollution are predicted to increase.
Furthermore, increasing environmental concerns and the growing focus on sustainable living has led to a surge in demand for energy-efficient and environmentally friendly water purifiers. The advent of advanced technologies in water purification, such as reverse osmosis, UV purification, and ultrafiltration offers efficient solutions with lower environmental impacts, thus propelling the water purifier market expansion.
Water Purifier Market Segmentation
The market can be divided based on technology type, distribution channel, end use, and region.
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Market Breakup by Technology Type
- Gravity Purifiers
- RO Purifiers
- UV Purifiers
- Sediment Filter
- Water Softener
- Others
Market Breakup by Distribution Channel
- Retail Stores
- Direct Sales
- Online
Market Breakup by End Use
- Industrial
- Commercial
- Household
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global water purifier companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Unilever
- Panasonic Corporation
- LG Electronics
- Kinetico Incorporated
- Eureka Forbes
- Whirlpool
- KENT RO Systems Ltd.
- A.O. Smith Water Technologies
- Aquatech International LLC
- Mitsubishi Chemical Cleansui Corporation.
- Others
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