August 03, 2022
As per the latest findings of the research report titled ‘Global Commercial Water Purifier Market (2022 Edition) - Analysis By Filter Type, Technology, End-User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027)’ available with MarketStudyReport, global commercial water purifier market which was worth USD 8.29 billion in 2021, is estimated to generate decent returns by the end of 2027.
The growth of global commercial water purifier market can be attributed to the rapid proliferation of commercial complexes such as cafeterias, tea stalls, restaurants, fast food joints, and others that require a source of clean drinking water.
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In addition, increasing cognizance among the masses regarding the harmful side-effects of consuming water laden with high levels of total dissolved solids (TDS), in consort with swift industrialization, and stringent government regulations that are propelling the supply of purified water are likely to broaden the profitability graph of the industry in the forthcoming years.
Besides, the expanding hotel sector, combined with declining water quality are estimated to further drive the product uptake during the review period.
Moving on, for the sake of a comprehensive assessment of the current situation, the report categorizes worldwide commercial water purifier market space on the basis of filter type, technology, and end-user expanse.
Considering filter type, the reverse osmosis (RO) segment is slated to capture a substantial market share over the forecast timeframe, owing to the extensive utilization of RO purifiers in treating poor-quality water like that of municipal tap water and seawater, which is contaminated due to the presence of dissolved salts and heavy metals.
From a geographical perspective, Asia Pacific industry is estimated to hold a significant revenue share during the evaluation period, closely followed by the Americas and Europe.
Because of the presence of well-established players, and all of them outperforming one another, there is intense competition in global commercial water purifier industry. Major contenders profiled in the report include Eaton Corporation, Pentair plc, A.O Smith Corporation, Toray Industries Inc., Parker-Hannifin Corporation, The 3M Company, Culligan International Company, Evoqua Water Technologies Corporation, The Clorox Company, and iSpring Water Systems.