Wilmington, Delaware, United States, July 21, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The worth of the global water purifier market stood at US$ 38.7 Bn in 2021. The market is likely to progress at a CAGR of 10.5% during the forecast period, from 2022 to 2031. The global water purification market size is estimated to attain value of US$ 95.4 Bn by 2031. The global market for water purifiers is expected to witness a considerable rise in the demand for portable purifiers during the forecast period. M market participants are anticipated to have plenty of prospects due to the expansion of trade and investment opportunities in developing countries.
Commercial and household settings are where water purifiers are most frequently utilized. Additionally, they are utilized by hikers, campers, military personnel, and individuals who live in places with a deficit of drinking water as well as by those in disaster-prone places. Systems for treating water at the point of use are another name for water purifiers.
Depending on the type of application, water filtration systems are available in a variety of sizes. One of the major factors likely to bolster growth of the water purifier market is the increasing adoption of online sales channels. The rapid urbanization throughout the world and extensive use of the Internet have caused the online platform to develop rapidly. Customers can evaluate various products with respect to characteristics, features, and pricing due to the growing prominence of online marketplace. Therefore, it is estimated that increase in water purifier sales on online platforms will drive the global market in the years to come.
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Key Findings of Market Report
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Global Water Purifier Market: Growth Drivers
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Global Water Purifier Market: Key Players
Some of the key market players are
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Global Water Purifier Market: Segmentation
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