SAN FRANCISCO , Feb. 2, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Water Purifiers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 9; Released: January 2022 Executive Pool: 502 Companies: 175 - Players covered include Amway Corporation; Aquasana, Inc.; BRITA GmbH; BWT Aktiengesellschaft; Eureka Forbes Ltd.; GE Water & Process Technologies; HaloSource Corporation; Kent Ro Systems Ltd.; Panasonic Corporation; Tata Chemicals Ltd. and Others. Coverage: All major geographies and key segments Segments: Technology (RO Purifier, Gravity Based, UV Purifier, Other Technologies); End-Use (Residential, Commercial) Geographies: World; United States ; Canada ; Japan ; China ; Europe (France ; Germany ; Italy ; United Kingdom ; Spain ; Russia ; and Rest of Europe ); Asia-Pacific (Australia ; India ; South Korea ; and Rest of Asia-Pacific ); Latin America (Argentina ; Brazil ; Mexico ; and Rest of Latin America ); Middle East (Iran ; Israel ; Saudi Arabia ; United Arab Emirates ; and Rest of Middle East ); and Africa .
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Water Purifiers Market to Reach US$63.7 Billion by the Year 2026 Water purification systems eliminate toxins, chemicals, bacteria, viruses, harmful gases, suspended solids and such other impurities from water. They reduce particulate matter concentrate and thus limit chances of waterborne diseases spreading. The water purification industry has also come a long way from the traditional approach of chlorination to adopting ultraviolet irradiation and membrane filtration among other sophisticated technologies. Increase in population at the global level and the subsequent rise in demand for water for consumption and in industries like chemicals, food & beverages, construction, petrochemicals and oil & gas, created a major gap in demand and supply of water. This has led to increase investment in products that can purify used water for re-use. Manufacturers appear to be making the most of this growth opportunity and developing purifiers exclusive for specific industries. Growing concerns about well-being and health among people and increased adoption of hygiene practices contributes to market growth for water purifiers at the global level. Another major growth driving factor for the market for water purifiers is the increased demand for them in emerging country markets where disposable income of people is increasing, providing increased purchase power for customers. Demand for purification systems in these markets is also fueled by increased focus of governments and municipalities on water treatment.
Amid the COVID-19 crisis, the global market for Water Purifiers estimated at US$38.2 Billion in the year 2020, is projected to reach a revised size of US$63.7 Billion by 2026, growing at a CAGR of 8.7% over the analysis period. RO Purifiers, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$41.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the UV Purifiers segment is readjusted to a revised 8.5% CAGR for the next 7-year period. This segment currently accounts for a 20.4% share of the global Water Purifiers market. Technical advancements in the field of reverse osmosis have rendered RO the most sought after technique in water purification. Increase in population in areas where service-centered industries are located, for example in countries like China , Brazil and India , has also been leading to increased demand for RO purifiers.
The U.S. Market is Estimated at $10.1 Billion in 2021, While China is Forecast to Reach $13.5 Billion by 2026 The Water Purifiers market in the U.S. is estimated at US$10.1 Billion in the year 2021. The country currently accounts for a 24.58% share in the global market. China , the world's second largest economy, is forecast to reach an estimated market size of US$13.5 Billion in the year 2026 trailing a CAGR of 11.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 6.3% and 7.4% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 6.8% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the end of the analysis period. The US is a major market for water purifiers. In addition to increased concern over quality of water, factors such as availability of cheaper and compact products, products that can re-mineralize water for increased health and taste of water and growing requirement of water disinfection due to the ongoing pandemic among others have been contributing to water purifiers market growth in the US. Asia-Pacific is also a major market for water purification systems. In most of the developing countries in this region, around 80 percent of diseases are caused by poor sanitation and water quality. Scarcity of safe drinking drives innovations in water purifiers supplied in the region.
Gravity Based Segment to Reach $7.2 Billion by 2026 Gravity-based water purifiers are witnessing increasing uptake on account of rising consumer demand for simple, convenient and sustainable water purification approaches. Gravity-based water purifiers don't rely on electricity and present a convenient option to remove turbidity, impurities, sand and large-sized bacteria. These systems are experiencing increasing popularity due to their portability and rising consumer attention on simple purification options. In the global Gravity Based segment, USA , Canada , Japan , China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.6 Billion in the year 2020 will reach a projected size of US$5.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia , India , and South Korea , the market in Asia-Pacific is forecast to reach US$1.1 Billion by the year 2026, while Latin America will expand at a 7.1% CAGR through the analysis period. More
MarketGlass™ Platform Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: ZA@StrategyR.com
LINKS Join Our Expert Panel https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter https://twitter.com/marketbytes
Journalists & Media Info411@strategyr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-study-from-strategyr-highlights-a-63-7-billion-global-market-for-water-purifiers-by-2026--301473783.html
SOURCE Global Industry Analysts, Inc.
Investors are trying to make sense of the markets, in face of conflicting signals. Year-to-date, we’re facing deep losses – but more recently, a sharp rally despite this week’s confirmation that we’re in a recession. Government data released on Thursday showed a 0.9% GDP contraction in Q2, which came on the heels of a 1.6% contraction in Q1. That’s two quarters in a row, the definition of a recession. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, reminds us the ‘conventional wis
Looking to buy the dip? Start here.
When Elon Musk decided to terminate his $44 billion deal to purchase Twitter the social-media company sued in the Delaware Court of Chancery. Twitter is suing for “specific performance,” a rare remedy that would require Musk to complete the merger. Unfortunately for Twitter, it isn’t Elon Musk Inc. but Elon Musk the individual who offered to buy the company.
When his green credentials were challenged by a young activist on the election trail, Joe Biden had a simple answer.
We don’t advocate for theft. But stealing these strategies is a victimless crime.
(Bloomberg) -- Dennis Levitt got his first Tesla, a blue Model S, in 2013, and loved it. “It was so much better than any car I've ever driven,” the 73-year-old self-storage company executive says.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingTrump Can’t Be Blamed by Militia Group at Jan. 6 Trial, US SaysElon Musk’s Antics Turn Owners and Would-Be Buyers Against TeslaHe bought into the brand as
(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingTrump Can’t Be Blamed by Militia Group at Jan. 6 Trial, US SaysElon Musk’s Antics
Shares of Roku (NASDAQ: ROKU) opened sharply lower on Friday after a blistering financial update. Roku's plummet to close out the trading week is fair. The ad market has softened swiftly, even for Roku's connected TV stronghold that should've held up better than other marketing markets.
Pervasive pessimism has brought out investors who see a decent setup for Chinese stocks for the second half of the year.
Warren Buffett energy favorite Occidental Petroleum is near a buy point, but earnings are due Tuesday. Check out this week's stocks to watch.
Each of these five real estate investment trusts (REITs) currently pays a dividend of greater than 5%. For those willing to accept the risks, that’s a better yield than that of the U. S. Government 10-Year Treasury Note. Each REIT trades on the New York Stock Exchange, so plenty of information on these REITs is available from analysts at respected investment firms. Looking for ways to boost your returns? Check out Benzinga's coverage on Alternative Real Estate Investments: Exclusive Offering For
It is now guiding for third-quarter revenue of $15 billion-$16 billion vs. the $18.67 billion consensus. As for full-year 2022, its EPS expectation is now $2.30, down from its prior forecast of $3.60 and the $3.39 consensus. In terms of revenue for the year, Intel now expects $65 billion-$68 billion, down from $76 billion and well below the $74.4 billion consensus.
This has been a year to remember for investors in seemingly all the wrong ways. Since the major U.S. indexes hit their respective all-time closing highs between mid-November and the first week of January, the timeless Dow Jones Industrial Average, broad-based S&P 500, and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have shed as much as 19%, 24%, and 34% of their value. You'll note by the drop in the S&P 500 and Nasdaq that both indexes have entered a bear market.
If you still think you can't find winning stocks in the S&P 500, you're not looking hard enough.
After reaching an all-time high in March 2022, the price of gold retreated below $1,700 an ounce on July 21 as a strong U.S. dollar outweighs gold's luster. Gold exchange-traded funds (ETFs) provide a means of investing in the yellow stuff without the hassle of physically holding gold coins or bars -- which can be a security risk and often costs a hefty premium above the spot price. Two well-known gold ETFs are the SPDR Gold Shares ETF and the iShares Gold Trust, which have net assets of $61.34 billion and $29.8 billion, respectively.
(Bloomberg) -- Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingTrump Can’t Be Blamed by Militia Group at Jan. 6 Trial, US SaysElon Musk’s Antics Turn Owners and Would-Be Buyers Against TeslaThe stock market, whic
Apple delivered better-than-expected earnings and shares are now up 25% from the June low. Here's how to trade it from here.
SIGA Technologies, maker of the only available monkeypox treatment, is working to ramp up manufacturing for broader global distribution.
These three intriguing companies may offer potential over the long haul, but could struggle in a recession.
What do you do when you’re concerned that your holdings are down? Cash out for some alternatives? Buy the dip? Stash your cash under a mattress?