DUBLIN--(BUSINESS WIRE)--The "Global Water Purifiers Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The global water purifier market is forecast to grow at a CAGR of around 9% during 2021-26. The growth is primarily attributed to the surging demand for safe drinking water, mounting awareness of water-borne diseases and degrading water quality due to heavy metals, such as zinc, lead, magnesium, etc.
In addition, the growing scarcity of freshwater worldwide, snowballing customer inclination toward a healthy lifestyle, and growing disposable income is 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 are 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 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 lockdowns, propelling the sales of water purifiers. COVID-19 pushed residential end-users to pursue a greater hygienic 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.
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.
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.
Key Questions Answered in the Market Research Report:
- 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?
- What are the region-wise industry size, growth drivers, and challenges?
- What are the key innovations, opportunities, current & future trends, and regulations in the Global Water Purifier Market?
- Who are the key competitors, their key strengths and weaknesses, and how they perform on a competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the study?
- A. O. Smith Corporation
- 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
For more information about this report visit https://www.researchandmarkets.com/r/g6ugtz
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