Increasing
awareness pertaining to safe drinking water, growing disposable income, and
rising incidences of water borne diseases are expected to drive global water
purifiers market through 2026
According
to TechSci Research report, “Global Water Purifiers
MarketBy Technology (Membrane, Media & UV), By Region
(Asia-Pacific, North America, Europe, Middle East & Africa and South
America), Competition, Forecast &
Opportunities, 2015 – 2026”,globalwater
purifiers market stood at USD41.22billion in 2019
and is forecast to grow at a CAGR of 8.06% during 2020-2026 to reach USD 68.09Billion
by 2026, on the back of growing population and increasing purchasing power of
the customers across different countries. Moreover, rapid industrialization and
urbanization has resulted in uncontrolled effluent discharge in the water
bodies, which has further led to severe water pollution, thereby deteriorating
the quality of surface and ground water across geographies. Additionally, over
the past few years rise in cases of water borne diseases have been witnessed,
which is pushing people towards using water purifiers in order to get safe and
healthy drinking water.
Browse
94Figures spread through 114Pages and an in-depth TOC on"Global Water Purifiers
Market"
https://www.techsciresearch.com/report/water-purifiers-market/4025.html
Global water purifiers market
can be segregated based on technology and region. In terms of technology,
market can be segregated into membrane, media and UV. Membrane
based water purification technology captured 67.70% share of global water
purifiers market in 2019, on the grounds of efficient removal of bacteria,
viruses, suspended solids, proteins, and starch as well as low energy
requirements. The second largest share was held by media technology in 2019,
followed by UV technology; however, their shares are expected to decline during
the forecast period due to inefficient removal of impurities.
Leading companies operating in
the global water purifier market include Foshan Shunde Midea Water Dispenser
Manufacture Company Limited, Coway
Company Ltd., Brita Gmbh, A.O. Smith Corporation, Eureka Forbes Limited, Kent
RO System Ltd., BWT Holding GmbH, Panasonic Corporation, L.G. Electronics Inc.,
Culligan International Company, and 3M Purification Inc.Continuous innovation
for products and identification of new means of applications are the major
factors that are propelling the growth of water purifiers manufacturing
companies across the globe.
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“Asia-Pacific region generates the
highest demand for water purifiers in the world. The region is also projected
to exhibit the fastest growth in the global water purifiers market. The growth
of the market is buoyed by robust industrialization, leading to unmonitored
discharge of waste into water bodies leading to water pollution, and hence
deteriorating quality of water. Additionally, increasing water scarcity is
augmenting the need to recycle and reuse water. In addition. Growing awareness
pertaining to substandard quality of water among consumers and rising
incidences of water-borne diseases are also escalating demand for efficient
water purification technologies; thereby, driving water purifier market of Asia
Pacific through 2026.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Water Purifiers Market By Technology
(Membrane, Media & UV), By Region (Asia-Pacific, North America, Europe,
Middle East & Africa and South America), Competition, Forecast & Opportunities, 2015 – 2026” has evaluated the future growth
potential ofglobal water purifiers market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential
drivers, challenges and opportunities inglobal water purifiers market.
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