September 20, 2021
According to the research 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 Market Study Report LLC, global water purifier market was valued at USD 27.1 billion in 2020 and is expected to register momentous growth over the analysis timeframe00 2021-2026.
Global water purifier market is mainly driven by high product sales rates in the United States, Japan, Korea, and European countries, increasing innovations in the field in terms of improved impurity removing technology and properties, and intensifying government regulations regarding water conversation and treatment.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4121728/
Speaking of the opportunities in this domain, low product penetration in countries like India and China presents a high remuneration scope of businesses.
With respect to type, the industry is classified into ultraviolet, ultra-filtration, reverse osmosis and others. Among them, the reverse osmosis segment and ultraviolet segment is slated to grow momentously over the projected timeframe.
In terms of end-user terrain, the market scenario is divided into industrial, residential and commercial. Among them, the residential segment is anticipated to witness a major market share over the forecast duration.
As per expert verbatim, Americas, Europe, and Asia Pacific are major benefactors to worldwide water purifier industry remuneration. Among them, Americas held a major market share in 2020 and is expected to continue recording a strong growth trend in the ensuing years, owing to surging healthcare expenditure, increasing water pollution, and rising awareness regarding various water borne diseases, like amoebiasis, cholera and diarrhea.
Asia Pacific market is also anticipated to garner significant returns over the forecast period owing to rising number of industry players establishing offices and manufacturing plants in Asian countries, presence of a huge population, and large-scale water pollution. Moreover, increasing export of water purification solutions from India, China, and Japan to emerging markets like South Korea and Vietnam are also slated to enhance the regional market growth in the forthcoming years.
Speaking of the competitive landscape, Unilever plc, Panasonic Corporation, LG Corporation, Pentair plc, Veolia Environnement S.A., Culligan Water, Brita, Aquasana Inc., The Clorox Company, and A.O Smith Corporation are the major players influencing global water purifier industry trends.