Global Residential Water Purifier Market is driven by surging demand for clean, pure and hygienic water for drinking purposes and is growing at a growth rate of around 14-15% in the forecast period, 2024-2028.
According to TechSci Research report, “Residential Water Purifier Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028” The Global Residential Water Purifier Market was valued around more thanUSD20783 million in 2022 and is forecast to grow at a CAGR of around 14-15% through 2028. The market growth can be attributed to the factors like surging demand for clean, pure, and hygienic water for drinking purpose. The global residential water purifier market is expected to grow over the next five years as prevalence of water-borne diseases is increasing. Disease such as cholera, diarrhea, typhoid, dysentery, and hepatitis A cause severe health issues. Additionally, it is anticipated that a growing population would drive the demand for water purifiers more over the course of the next five years, supporting the expansion of the worldwide residential water purifier market. The population being worried about drinking potable water, growing incidence of infectious diseases and rising health awareness support market expansion. The demand for water purifiers is growing, especially in emerging countries like Vietnam, Indonesia, and India. These nations have poor water quality supply that can pose health risks. As per the data provided by the Natural Resources and Environment and Health Ministries, contaminated home water causes 9,000 annual deaths owing to poor sanitation and water quality, almost 250,000 hospitalizations for acute diarrhea, and 200,000 cases of cancer.
Technological advancement, consistent research for innovative product development and increased manufacturing of water purifiers further aids the growth of the global residential water purifiers market in the forecast years through 2028.
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The technology, sales channel, regional distribution, and competitive environment are the main pillars on which the worldwide residential water purifiers market is segmented. The market is further divided based on technology into RO, media, UV, UF, and additional categories like nanofiltration, etc. Due to the growing demand for filtered drinking water, RO technology is predicted to hold the greatest revenue shares of the market and dominate the market segment over the next five years. In the upcoming five years, the use of Reverse Osmosis technology will continue to fuel the expansion of the worldwide residential water purifiers market. When using Reverse Osmosis technology, contaminants greater than or equal to 0.3 micron can be removed by moving water from a higher concentration to a lower concentration. A partially permeable membrane on the RO water purifier enables the movement of water from one gradient to another. In essence, a partially permeable filter screen that allows ions, minerals, and water molecules to pass through but impedes the movement of contaminants like microbes and other bigger chemical elements. Even salt water can be made fresh, drinkable water with this technique. However, the system has a flaw, which prevents some larger mineral molecules from moving freely. As a result, fresh water is drinkable but unhealthy.
The market is further divided between direct and indirect sales based on the sales channel. Due to the rising demand for clean, filtered water at home, indirect sales are predicted to hold the greatest revenue shares of the market and dominate the market segment over the next five years. In the coming five years, rising residential infrastructures, corporate offices, and building construction will further fuel the expansion of the worldwide residential water purifier market.
Some of the market players, dominating the global residential water purifier market are:
- Midea Group Co. Ltd.
- Coway Co. Ltd.
- Brita GmbH
- A.O. Smith Corporation
- Eureka Forbes Limited
- Culligan International Company
- BWT Holding GmbH
- Unilever PLC
- Panasonic Corporation
- Kent R O Systems Limited
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“Due to increased demand for the product from developing nations like India, Vietnam, China, Indonesia, etc., the Asia Pacific region is predicted to hold the greatest revenue shares of the market and control it in the ensuing five years. Water-borne illnesses =consumers consciousness for clean drinking water and innovative water purification devices. Water supply is contaminating in nations like Vietnam and Indonesia. The infrastructure and pipeline system needed for a reliable water supply in these countries is difficult and a source of concern. Despite the growing demand for water purifiers, a factor supporting the expansion of the worldwide residential water purifiers market in the anticipated years would be the rising demand for purified water due to concerns over the spread of infectious diseases. As they increase investments, identify innovative products, and build their brands in the market, new market participants may concentrate on these factors.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Residential Water Purifier Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028 Segmented By Technology (RO, Media, UV, UF, others (nanofiltration, etc.)), By Sales Channel (Indirect and Direct), By Region”, has evaluated the future growth potential of global residential water purifiers market and provides statistics & 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 decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global residential water purifiers market.
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