NEW YORK , May 2, 2022 /PRNewswire/ -- The "Portable Water Purifier Market by Distribution Channel, Application, Product and Geography- Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 34% of the market's growth will originate from North America during the forecast period. The US is the key market for portable water purifiers market in North America . Market growth in this region will be slower than the growth of the market in other regions. The rising demand for pure and safe drinking water will facilitate the portable water purifier market growth in North America over the forecast period.
The potential growth difference for the portable water purifier market between 2021 and 2026 is USD 149.39 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Market Driver - The deteriorating quality of water resources leading to water-related diseases is one of the key drivers supporting the portable water purifier market growth. Today, around 10% of the population has no access to safe and clean drinking water due to increasing water pollution. There are many unacceptable habits followed by the various industries which lead to contamination of water. For instance, dumping toxic and unrecyclable waste into water bodies. Such activities threaten the health and life of the population across the globe. Such concerns are pushing consumers toward bottled drinking water and water purifiers, which provide clean, purified, bacteria-free, and safe drinking water. Significantly, various brands of bottled drinking water and water purifiers are trying to meet the standards set by governments and regulatory bodies for providing clean and pure drinking water to the population across the globe. Thus, this increasing contamination of the water of bodies across the globe is leading to rising levels of water stress, which is positively influencing the growth of the global portable water purifier market.
Market Challenges - Low safety compared to boiled water is one of the factors hindering the portable water purifier market growth. Boiling water seems to be an easy task, but several factors are taken into consideration before it is used for consumption. The process involves heating the water up to a boiling point and then allowing it to cool down before drinking it. In addition, boiling water results in a flat taste and has some limitations, such as the inability to remove physical impurities like dirt, dust, mud, pesticides, and particles of rust. These impurities can be easily removed by filtering the boiled water. However, chemical impurities such as lead, arsenic, calcium and magnesium salts, and nitrates cannot be removed from water by boiling or filtering. Regardless of all the factors, the limitations and higher costs associated with portable water filters make the systems a less preferred filtration device over other methods such as boiling. Thus, the high costs associated with portable water filters is hindering the market growth.
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The portable water purifier market report is segmented by Distribution Channel (Offline and Online), Application (Outdoor adventure, Tourism and leisure, Military, Emergency rescue, and Others), Product (Extrusion water purifier, Pump water purifier, Suction water purifier, and UV pen purifier), and Geography (North America , Europe , APAC, South America , and the Middle East and Africa ).
The portable water purifier market share growth in the distribution section by the offline segment will be significant for revenue generation. The offline distribution channel includes physical or brick-and mortar-stores of vendors, distributors, and specialty stores. Specialty stores offer a pleasant shopping experience by offering products of a certain category of products related to that category. Moreover, to fuel the sales through offline channels, players are expanding their stores in local and regional markets. Retailers introduce new businesses and retail strategies, such as competitive pricing and wide assortments, to survive the intense competition and draw customers to offline shopping. Thus, the surge in retail channels across regions drives awareness of the different types of portable water purifiers among end-users. It is expected to increase the global sales of portable water purifiers during the forecast period.
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The portable water purifier market is fragmented and the vendors are deploying growth strategies such as technology, CAPEX, and R and D to compete in the market.
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Portable Water Purifier Market Scope
Decelerate at a CAGR of 10.1%
North America, Europe, APAC, South America, and Middle East and Africa
US, China, UK, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
3M Corp., A. O. Smith Corp., Aquamira Technologies Inc., Berkey Filters, Berkshire Hathaway Inc., Cascade Designs Inc., Clearbrook, Helen of Troy Ltd., Katadyn Products Inc., KENT RO Systems Ltd., LIFESTRAW SARL, Pall Corp., Pentair Plc, Sawyer Products Inc., Shapoorji Pallonji And Co. Pvt. Ltd., Sofina SA, Survivor Filter, Tata Sons Pvt. Ltd., The Procter and Gamble Co., and WATERisLIFE
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5 Market Segmentation by Distribution Channel
5.3 Offline - Market size and forecast 2021-2026
5.4 Online - Market size and forecast 2021-2026
5.5 Market opportunity by Distribution Channel
6.3 Outdoor adventure - Market size and forecast 2021-2026
6.4 Tourism and leisure - Market size and forecast 2021-2026
6.5 Military - Market size and forecast 2021-2026
6.6 Emergency rescue - Market size and forecast 2021-2026
6.7 Others - Market size and forecast 2021-2026
7.3 Extrusion water purifier - Market size and forecast 2021-2026
7.4 Pump water purifier - Market size and forecast 2021-2026
7.5 Suction water purifier - Market size and forecast 2021-2026
7.6 UV pen purifier - Market size and forecast 2021-2026
9.3 North America - Market size and forecast 2021-2026
9.4 Europe - Market size and forecast 2021-2026
9.5 APAC - Market size and forecast 2021-2026
9.6 South America - Market size and forecast 2021-2026
9.7 Middle East and Africa - Market size and forecast 2021-2026
9.8 US - Market size and forecast 2021-2026
9.9 UK - Market size and forecast 2021-2026
9.10 China - Market size and forecast 2021-2026
9.11 Germany - Market size and forecast 2021-2026
9.12 France - Market size and forecast 2021-2026
10.3 Impact of drivers and challenges
12.11 The Procter and Gamble Co.
13.3 Currency conversion rates for US$
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