Water Purifier Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Water Purifier Market
The water purifier market size was valued at USD 30.62 billion in 2022, and the market is now projected to grow from USD 33.65 billion in 2023 to 54.48 billion by 2030, exhibiting a CAGR of 7.6% during the forecast period of 2023-2030.
The COVID-19 pandemic led to a significant downturn in the water purifier market growth, associated with its effect on elective surgeries. Lockdowns and supply chain disturbances ruined generation and dissemination, especially influencing key producers like Pentair PLC. Despite moderation endeavors and government bolster, the market is anticipated to recuperate slowly within the coming long time, paralleling the moderate resurgence of elective medical strategies post-pandemic.
The worldwide water purifier market share is encountering a surge due to increased mindfulness for health and cleanliness, paralleling the rise in requests for medical devices. With water channels viably evacuating destructive contaminants, buyers are progressively prioritizing secure drinking water. This drift is underscored by the health benefits related to decontaminated water, counting decreased risks of gastrointestinal infections and cancer. Furthermore, the improved taste and flavor of sifted water, coupled with its positive effect on assimilation and by and large well-being, are driving the selection of water purifier market share worldwide.
The water purification market is seeing a critical move towards keen filtration frameworks, checking a key drift driving market growth. These progressed purifiers offer multi-stage filtration and computerized settings, upgrading client comfort. With highlights like real-time checking and upkeep cautions, shrewd purifiers cater to rising shopper requests for proficient and hassle-free water refinement arrangements.
Comprehensive Analysis of Water Purifier Market
The segmentation of the global water purifier market uncovers a nuanced scene over item sorts, categories, and applications. Point-of-use channels stand out as the biggest and fastest-growing section, driven by their ease of fitting and appropriateness for lighter water utilization needs. Inside this section, countertop channels, especially those utilizing RO innovation, hold significant market share due to their effective space-saving plans and high-quality water output. Point-of-entry channels fulfill vigorous residential filtration needs, whereas RO channels lead with uncommon filtration capabilities. Gravity channels give cost-effective solutions. Private request, driven by broad water utilization and urbanization, highlights the significant part of water refinement for secure family water universally.
The Asia Pacific region overwhelms the water purifier market with an estimate market size of USD 11.74 billion in 2022 due to driven by China and Japan, whereas India appears the quickest growth. Europe takes after suit, driven by Germany and the U.K., driven by expanded tap water utilization.
The top players leading market play within the water purification industry play a significant part in driving showcase development and setting up industry benchmarks. These key companies incorporate Honeywell International Inc. (Switzerland),Pentair PLC (U.S.), Culligan International Company (U.S.), Unilever PLC (U.K.), A. O. Smith Corporation (U.S.), Brita LP (U.S.), Panasonic Corporation (Japan), LG Electronics (South Korea), Helen of Troy Limited (U.S.), Best Water Technology Group (Austria), Kent RO Systems Ltd. (India), iSpring Water Systems LLC (U.S.), The 3M Company (U.S.), and General Electric Company (U.S.). Their commitments guarantee a competitive scene driving advancement and assembly advancing buyer needs.
In November 2022, Culligan Worldwide started a merger with Waterlogic Group Holding, shaping 'Culligan,' a pioneer in clean and feasible drinking water arrangements, pointing to solidifying mastery and market nearness.
Segmentation Table
Global Water Purifier Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.6% from 2023 to 2030
Segmentation By Product Type, By Category, By Application, and By Geography
By Product Type Point-of-use Filters
- Under The Counter Filters
- Counter Top Filters
- Pitcher Filters
- Faucet-mounted Filters
- Others
Point-of-entry Filters
By Category
RO Filters
UV Filters
Gravity Filters
Others
By Application Residential
Light Commercial
By Geography North America (By Product Type, By Category, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Product Type, By Category, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Product Type, By Category, By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Product Type, By Category, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East and Africa (By Product Type, By Category, By Application, By Sub-Region)
- Middle East (By Application)
- Africa (By Application)
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