Dublin, October 12, 2021--(Business Wire)--ResearchAndMarkets.com has added the "North American Water Purifier Market Outlook to 2026" report.
This report provides in-depth insights into the market size by value and volume, and by type (countertop, sink, faucet installation), technology (RO, UV, gravity-based, other), sales channel (online, offline), region, and country .
For Americans, water has never been a problem because it flows when the knob is turned, and the cost is negligible. The considerable impact is that the water purifier market in this region can hardly account for a quarter of the total global market. In terms of value and volume, this is clearly a historical compound annual growth rate of less than 3%.
Although Americans are fortunate enough to drink some of the safest and most reliable water on the planet, this does not mean that everything is okay. During the COVID-19 outbreak, not only toilet paper, hand sanitizer, and wet wipes flew off the shelves, but Americans were also keen on hoarding water; it was delivered directly to their homes anyway. Many Americans turn to bottled water because they do not believe in water obtained through pipes.
Taking into account the cost comparison of bottled water and water purifiers, coupled with increased awareness of pollution, the market size of water purifiers may reach nearly 40 million units by the end of 2026, and the compound annual growth rate of value is expected to exceed 7%.
Although the area has one of the best drinking water, it is still possible to find an area that relies on contaminated water for its livelihood. Although households that obtain water through advanced treatment technology may not consider purchasing a water purifier, suburban houses or houses connected by old pipes that may pass lead through water will not compromise under the same circumstances. Through this uneven distribution of access to clean drinking water, RO water purifier technology has gained the highest market share in the region.
Water purifiers range from simple water filters to advanced purifiers that use membrane technology to filter water and then sterilize with UV lamp filters. UV water purification is usually done with other forms of filtration, such as reverse osmosis or activated carbon filters. In North America, the value of UV water purifiers is expected to reach 1.66 billion U.S. dollars, and the gravity water purifier segment has the highest compound annual growth rate during the forecast period.
The surge in the incidence of water-borne diseases is a major growth factor in the water purifier market. The water purifier market is divided into three categories, mainly under the sink water purifier, accounting for half of the total market share. By the end of the forecast period, the value of the faucet installed purifier segment is expected to exceed US$1.7 billion, thanks to the highest expected growth rate. The region tends to generate revenue from offline sales channels, and during the period 2021-2026, the online sales channel segment is expected to grow by 15%.
Due to the existence of a large number of companies in the field of point-of-use systems and the technological advancement of water purification systems, the United States has always occupied the largest share of the North American water purifier market. Although Canada dominates with the second-highest market share, because the water quality is not suitable for drinking point-of-use system parts that require additional filtration processes.
In Mexico, the water is purified at the source, but the distribution system allows the water to be contaminated on its way to the tap. Ironically, Mexico has some of the best water laws and regulations in the world since the 1917 Constitution. The market leader is Pentair, whose market share in North America is estimated to be approximately 12% to 16%. The company has achieved outstanding sales through its water purifier products, including ultraviolet disinfection, whole-house water filtration, and more.
Mitsubishi Rayon Water Co., Ltd.
What the report covers
Period (2015-2026F) Market size by value
Period (2015-2026F) market size by volume
Market share by product type (countertop, under sink, faucet installation)
Market share by technology type (reverse osmosis, UV, gravity based and others)
Market share of sales channels (offline and online)
4. Global water purifier market outlook
Five, North American water purifier market outlook
For more information about this report, please visit https://www.researchandmarkets.com/r/dhkph5
View the source version on businesswire.com: https://www.businesswire.com/news/home/20211012005973/en/
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