April 13, 2022
As per the report titled ‘Global Water Purifier Market (2021 Edition): Analysis By Type (RO, UF, UV, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global water purifier market was valued USD 27.1 billion in 2020 and is expected to record a healthy growth rate over the forecast period 2021-2026.
As per the informed views of experts, widespread pollution of water bodies along with low penetration of water treatment solutions in emerging economies like India and China serve as a major growth propeller for global water purifier market. Besides, product innovations in terms of better impurity removing technology will continue to enhance the industry outlook
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Notably, the market in the U.S., European countries, Japan, and Korea are reaching maturity. China and India have emerged as the two largest avenues for businesses in this domain. Manufacturers are increasingly expanding their presence in these two countries.
Considering the end-user scope, the market is split into residential, industrial, and commercial. The industry size from the residential segment is anticipated to continue showcasing strong growth trends through 2026. Escalating demand for various types of water purifiers such as reverse osmosis air purifiers and ultraviolet purifiers are anticipated to propel the segmental growth.
As per the regional analysis, the Americas (United States, Canada, Brazil, Mexico), Europe (France, United Kingdom, Germany), and Asia Pacific (India, China, Japan) are the major geographies highlighted in the research document.
captured majority of the global water purifier industry share in 2020. Escalating healthcare expenditure along with rising awareness about water-borne diseases like cholera, diarrhea, and amoebiasis are likely to boost the regional market growth in the forthcoming years.
Speaking of the competitive landscape, Unilever plc, Panasonic Corporation, LG Electronics Pvt. Ltd., Pentair plc, Veolia Company, Culligan, Brita LP, Aquasana Inc., The Clorox Company, and A.O Smith Corporation are the major players influencing the market trends. These players are focusing on R&D investments, new product launches, partnerships, and acquisitions to improve their footing in the marketplace.