September 30, 2021
According to the business intelligence report titled ‘Global Reverse Osmosis (RO) Purifiers Market, 2021-2027’, available with MarketStudyReport, global reverse osmosis purifiers market is projected to grow at an annual rate of 10.5% between 2021-2027.
Rising awareness about the importance of consuming clean water, growing urbanization & industrialization, and increasing incidence of water-borne diseases in emerging economies are the key factors driving global reverse osmosis purifiers market expansion.
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Growing income levels, enhanced standard of living, and rising disposable income in developing countries will facilitate market outlook. Government initiatives to provide access to clean water for citizens will aid revenue inflow as well.
Based on application scope, worldwide reverse osmosis (RO) purifiers industry is split into commercial, residential, and industrial. Among these, residential segment held a significant share in the industry in the past year, owing to poor water quality, and rising urban population.
Vital data regarding sales amassed, market share held, profit margins, growth rate, and revenues garnered by each application segment and geography is given in the research document.
From regional frame of reference, Asia Pacific captured majority of the industry share in the recent past, owing to announcement of supportive government policies amid growing efforts to fight contagious diseases, and presence of leading companies in the region.
Leading players formulating the competitive landscape of global reverse osmosis purifiers industry are A. O. Smith Corporation, Qinyuan Group Co. Ltd., Blue Star Limited, Midea Group, EcoWater Systems LLC, KENT RO Systems Ltd., Eureka Forbes Ltd., and Haier Group Corporation.
These companies are taking strategic decisions such as investments in research & development, mergers & acquisitions, launch of new products, and alliances & collaborations to enlarge profit margins and strengthen their foothold in the business sphere.