Pune, India, June 21, 2021 (GLOBE NEWSWIRE) – The global water purifier market is projected to reach $ 47.53 billion by 2028, with a CAGR of 7.2% over the forecast period. The advent of technologically advanced smart water purifiers will fuel healthy growth in the market, according to a Fortune Business Insights report titled “Water Purifier Market, 2021-2028 ” the market size in 2020 was $ 27.51 billion. The introduction of user-friendly cleaners will drive demand in the foreseeable future.
Effects of COVID-19:
Lack of manpower in the production units to narrow the market
The interruption in the supply chain caused by the pandemic has led to immense losses for the world market. The shortage of labor has brought the production process to a standstill at various locations. For example, Pentair PLC, a leading provider of water purification systems, has experienced slow production and operations due to government shelter in place orders. Still, some companies are adopting business plans to mitigate the effects of the epidemic. Similarly, governments are changing credit policies and supporting cash flow for small and medium-sized manufacturing businesses.
According to WaterWorld Magazine, in 2020 around 44% of the production members of the Water and Wastewater Equipment Manufacturers Association (WWEMA) and 60% of WWEMA agent members were supported by the Federal Payroll Protection Program in the United States
Get a sample PDF brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/water-purifier-market-103118
List of the leading companies profiling in the Global Water Purifier Market are:
- O. Smith Corporation (USA)
- Brita LP (USA)
- Pentair PLC (USA)
- Culligan International Company (USA)
- Unilever PLC (UK)
- Panasonic Corporation (Japan)
- LG Electronics (South Korea)
- Helen of Troy Limited (USA)
- Best Water Technology Group (Austria)
- Kent RO Systems Ltd. (India)
- iSpring Water Systems LLC (USA)
- The 3M company (USA)
- Honeywell International Inc. (Switzerland)
- General Electric Company (USA)
- Eureka Forbes Ltd. (India)
Market segments:
Point-of-use filter segment to dominate the market
Based on the product type, the global market is divided into point-of-use filters and point-of-entry filters. The point-of-use filter segment is further subdivided into counter filters, attachment filters, jug filters, tap-mounted filters and others. Based on the category, the market is divided into RO filter, UV filter, gravity filter, and others. Based on the application, the market is divided into residential and commercial properties. The residential segment had the largest share in 2020.
Search the detailed summary of the research report using TOC:
https://www.fortunebusinessinsights.com/water-purifier-market-103118
Driving factor:
Increasing preference for high quality drinking water to strengthen market growth for water purifiers
The growing knowledge of the standards of drinking water quality in the emerging countries will consequently favor the growth of the market in the forecast period. Advances in water purification systems will allow the market to expand rapidly. Likewise, the introduction of point-of-entry and point-of-use filter systems to eliminate pathogens has spread the market. The increasing use of this purifier for specific and general applications such as converting raw water into safe and improved water will further increase the market share of water purifiers.
The constant innovation in technological processes with ultraviolet, reverse osmosis and gravity-based cleaners can be a decisive factor in promoting the growth of the market. The advent of smart water purifiers with breakthrough technologies will stimulate the adoption of cleaners in residential and commercial areas.
For example, in April 2019, Culligan International, a US-based water treatment company, announced the release of ClearLink Connect and Drinking Water Connect accessories. The newly introduced accessory can be connected via a mobile app, i.e. Culligan Connect, which allows users to monitor their drinking water systems and stay informed.
The report offers?
The report offers excellent insights into the market, systematic data with detailed analysis, market dynamics and aspects showing development and growth, accurate information on key market players, and sourced statistics on dominant regions.
Regional analysis:
Raise awareness of waterborne diseases to promote growth in Asia Pacific
The Asia Pacific market held the lion’s share in 2020 and is expected to lead the market during the forecast period. The growth in the region is attributed to increased awareness of the negative health effects of waterborne diseases in the region. The increasing investments of outstanding companies such as Brita LP, AO Smith Corporation in the Indian market will allow the market in the Asia-Pacific region to grow significantly.
The increasing adoption of this type of cleaner in Japan, South Korea, Australia, New Zealand and others will fuel the growth of the market in the region. It is forecast that Europe will hold a large share of the world market due to the increasing adoption of air purifiers among residents in countries like Germany, the UK and France. The increasing consumption of tap water will further strengthen the market growth in Europe. According to the Federal Association of Energy and Water Management, around 83% of Germans regularly or occasionally drink tap water with an average consumption of nine liters per person per week.
Inquire Before Purchasing This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/water-purifier-market-103118
Detailed table of contents:
- introduction
- Research scope
- Market segmentation
- Research methodology
- Definitions and Assumptions
- Summary
- Market dynamics
- Market leader
- Market restrictions
- Market opportunities
- Important findings
- Key trends
- Latest technological advances
- Insights into the regulatory scenario
- Porter’s Five Forces Analysis
- Major developments: acquisition, collaboration, strategic partnership and joint venture
- COVID-19 impact analysis
- Challenges in the supply chain
- Steps by companies to overcome the effects of COVID-19
- Potential opportunities due to the effects of COVID-19
- Global Water Filters Market Analysis, Insights, and Forecasts – By Product Type, 2017-2028
- Main results / summary
- Market analysis, insights and forecasts – by product type
- Point-of-use water filters
- Attachment filter
- Under the counter filters
- Jug filter
- Faucet mounted filters
- Other
- Point-of-entry water filter
- Point-of-use water filters
Table of contents continued…!
Talk to our expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/water-purifier-market-103118
Key development:
July 2019: Pentair PLC, a water treatment company, announced that it has signed a partnership to acquire Pelican Water Systems, an environmentally friendly manufacturer of water softeners and filtration systems. The agreement included a $ 120 million transaction designed to expand its geographic footprint.
Check out related research insights:
Point-of-Use Water Treatment Systems Market Size, Share, and COVID-19 Impact Analysis, by Product Type (Undercounter Filters, Countertop Filters, Pitcher Filters, Faucet Mounted Filters, and Others), By Category (RO Filters, UV Filters, Gravity) Filters, and Others ), by application (residential and small business) and regional forecasts, 2021-2028
Liquid Waste Management Market Size, Share and Industry Analysis, by Source (Residential, Commercial and Industrial), by Industry (Pulp & Paper, Chemical & Petrochemical, Food & Beverage, Textile & Tannery, and others) and Regional Forecast, 2019-2026
Water Treatment Chemicals Market Size, Share, and Industry Analysis, by Type (Coagulants & Flocculants, Corrosion & Scale Inhibitors, pH Regulators & Stabilizers, Antifoam Agents, Biocides & Disinfectants, Others), by End Use Industry (Municipal, Oil & Gas, Mining, Energy, Paper & Pulp , Food and Beverage, Others) and Regional Forecast, 2021-2028
About us:
Fortune Business Insights ™ delivers accurate data and innovative business analysis to help companies of all sizes make the right decisions. We tailor novel solutions for our customers and support them in mastering various challenges that are different for their company. Our goal is to provide them with holistic market information that provides a granular overview of the market in which they operate.
Phone:
USA: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Comments are closed.