Dublin, November 19, 2021--(Business Wire)--"Global Water Purifier Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's products.
The global water purifier market is expected to grow at a compound annual growth rate of about 9% during 2021-26. The increase is mainly due to the surge in demand for safe drinking water, the increasing awareness of water-borne diseases, and the decline in water quality due to heavy metals such as zinc, lead, and magnesium.
In addition, the increasing scarcity of global fresh water, consumers' increasing preference for healthy lifestyles, and the growth of disposable income are expected to drive market growth. Market participants have launched smart water purifiers with integrated technology, as well as the increasing demand for disposable industrial waste and untreated sewage in water bodies.
In addition, rapid urbanization and industrial growth in countries such as India, China and Brazil, intertwined with the increase in water recycling plant expenditures, are other key factors that will promote overall market growth during the forecast period.
COVID-19 has a positive impact on the global water purifier market
The COVID-19 outbreak has become a turning point in the sales of water purifiers in North America, Europe, China and several other economies. The entire bottled water supply chain was paralyzed during the blockade, which boosted the sales of water purifiers. COVID-19 has prompted residential end users to pursue a more hygienic lifestyle, which has further increased the demand for sustainable water treatment products.
In the end, major European countries, such as Germany, France, Italy, Spain, the United Kingdom, Poland, etc., will increase their year-on-year growth in 2020 by 3% to 7% compared to 2019. And, similar trends will prevail in the next few years.
Countertop carbon accounts for a significant market share
According to the type, the global water purifier market is divided into household products, countertop carbon, sinking filtration, sinking others, entry point filtration and entry point softening. Among them, the countertop carbon water purifier has occupied a considerable market share in the past few years. Due to the increasing demand for fresh water, their applications in the residential sector are rapidly increasing.
The global water purifier market has grown significantly in Europe, North America and Asia Pacific
From a regional perspective, the global water purifier market is mainly analyzed in North America, Europe and the Asia-Pacific region. Among them, the year-on-year (YoY) market growth in Europe in 2019-20 is about 3.8%. This is mainly due to the growing demand for water purifiers in the residential sector. The economical water purifiers launched by leading European manufacturers have also contributed to the growth of the overall market.
On the other hand, the North American market has grown by about 5% year-on-year in the past few years. Increasing water shortages and the government's emerging initiatives to shift consumer preferences towards energy-saving and electric solutions are the most prominent factors driving the demand for water purifiers in the region.
Pitchers have shown rapid growth in North America and Europe, mainly due to growing health concerns and consumers' shift to a paradigm of adopting a work-from-home culture.
In the past few years, the global water purifier market has achieved substantial growth in the Asia-Pacific region, mainly due to China's significant contribution to the market. As the level of water pollution continues to increase, the demand for water purifiers from urban households continues to grow, which is one of the main factors driving the growth of the Chinese market. In addition, the country’s fast-growing business sector and flooded population have further increased the demand for water purifiers.
In addition, various initiatives and investments by the government and leading market participants to introduce technical water purifiers, including reverse osmosis, ozone and ultraviolet, ultrafiltration, activated carbon and candle filtration, have also promoted the overall market growth in Asia-Pacific.
Key questions answered in the market research report:
What are the main overall market statistics or market estimates (market overview, market size-by value, forecast number, market segmentation, market share) of the global water purifier market?
What are the industry scale, growth drivers and challenges in each region?
What are the main innovations, opportunities, current and future trends, and regulations in the global water purifier market?
Who are the main competitors, their main strengths and weaknesses, and how do they perform in the competitive benchmark matrix?
What are the main results of the market research conducted during the research period?
Suez Water Technology and Solutions
Ion Exchange LLC Aquatech International LLC
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