Published Date : Sep 03, 2018
Albany, New York, Sept 3, 2018 – The market for water purifiers is drawing a lot of attention and demand lately because of increasing awareness about healthy living. The lack of consumable water has put a responsibility upon national governments to give unadulterated drinking water to the masses. This has surged the demand for water purifiers all over the globe. Moreover, the development of industrialization over a few regional areas has brought about the defilement of water bodies, accordingly, eliminating drinkable water bodies. Unadulterated drinking water is the most basic requirement of a healthy living, however the present scenario has made it difficult to get unadulterated water from the accessible sources. Subsequently, there is a critical need for water purifying frameworks in industries, households, business units, and several other places. Attributable to this reason, the market is encountering an extraordinary demand all over the world. Recently a report is published by marketresearchreports.biz titled, “Global Water Purifier and Filter Market Insights, Forecast to 2025.”
The global water purifier and filter market is estimated to propel at a steady CAGR of 20.4% within the forecast period from 2018 to 2025. In 2017, the market was valued around worth of US$21300 mn. This value is estimated to reach around worth of US$47200 mn by the end of 2025.
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The market is majorly divided on the basis of end-user, technology, region, and accessories. As per the type of accessories, the global water purifier market is segmented into faucet mount, household filters, dispenser, replacement filters, shower filters, counter top filter, and under sink filter. Among these classifications, the segment of replacement filter is likely to lead as the most lucrative one. Based on technology, the market ranges crosswise over sediment filter, water softeners, RO purifier, UV purifier, gravity purifier, and so on. The water purifiers are utilized in various end use industries in residential, industrial, and commercial units, subsequently, demonstrating the penetration in the market. The increase in population has been a key driver for the market in light of the fact that there is a more prominent need to give the advantages of unadulterated drinking water to this costly population.
The reports of regions depicts the dominance of Asia Pacific region in the global market. The mentioned region holds around more than half of the entire population, due to which it become a fertile ground for the market growth. Besides, the shortage of consumable water in a region has made the utilization of water purifiers important. The local market is required to enlist a steady CAGR within the forecast period.
The major market players are Unilever N.V., LG Electronics, Panasonic Corporation, Aquatech International LLC, Kinetico Inc., GE Appliances, Whirlpool Corporation, A.O. Smith Corporation, Eureka Forbes Ltd., Ion Exchange, Pentair Plc, Kaz USA, Inc., Kent RO Systems Ltd., Mitsubishi Rayon Cleansui Co., Ltd., Tata Chemicals Ltd., EcoWater Systems LLC, and Philip Electronics.
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