Water Purifier Market Research Report Forecast to 2030
Water Purifier Market Forecast till 2030
Market Overview
Water purifiers are devices that clean water from sources like rivers, lakes, and wells for drinking. They eliminate dangerous bacteria and parasites and make the water safe to drink. Water purifiers are mostly used in homes and businesses and in areas affected by disasters or where drinking water is scarce. They are also called point-of-use water.
The WHO runs campaigns to educate people about health and safety, including the risks of drinking impure water. According to the WHO, poor water, sanitation, and hygiene cause 4 billion cases of diarrhea worldwide each year. Diseases like cholera, diarrhea, dysentery, and typhoid are linked to contaminated water consumption. The growing cases of these illnesses are driving the demand for water purifiers and filters.
Segment Overview
The global water purifier system market is divided into three segments based on product type: RO, UV, and activated carbon filters. The growing global population and urbanization drive the demand for safe drinking water, leading to an increase in the use of water purifiers.
The growing pharmaceutical industry also contributes to the rising demand for clean drinking water. The market is further segmented into residential and commercial end-use.
Regional Analysis
The Asia-Pacific region dominates the global water purifier market, particularly due to high population density in countries like China and India. The market has seen significant growth in recent years due to increasing commercial demand, preference for purified water, and government programs. The rising population in these regions is expected to further drive the market. India has a large demand for water purifiers, boosted by the developing economy, government initiatives for clean water, and growing population. The Government of India's "Jal Shuddhi" program, for instance, aims to provide purified water to 47 million people in states like Punjab, Rajasthan, Andhra Pradesh, and Karnataka by installing purifiers in villages with contaminated water.
North America also holds a significant share of the global water purifier market driven by factors such as the growing demand for household products, scarcity of clean water, and growing population. The US is the largest market in North America, driven by the increasing awareness of water-borne diseases and growing concerns for optimal water use across society..
Major Players
Companies such as Panasonic Corporation (Japan), Xiaomi Inc. (China), A. O. Smith (US), Coway Co ltd (South Korea), and Unilever (UK) dominate the global market
Prominent players in the global water purifier market include Eureka Forbes (India), BWT AG (Austria), Culligan (US), EcoWater Systems LLC (US) and Brita LP (US).
COVID 19 Impacts
The COVID-19 pandemic has had a positive effect on the reverse osmosis (RO) water treatment system component market. According to the World Health Organization (WHO), the virus can spread quickly through drinking water and wastewater, causing increased adoption of RO water treatment systems during the pandemic. Despite this, demand for water purification is expected to be lower in 2020 compared to pre-pandemic times.
The virus has not been found in drinking water supplies and the risk to water supplies is currently considered low. In areas without safe piped water and centralized water treatment systems, household water treatment technologies like ultrafiltration or nanomembrane filters and UV irradiation filters have proven effective in removing or destroying viruses. The regional impact of the pandemic has varied, but it has greatly affected Asian, European, North and South American countries, and other regions. Each country has its own unique set of challenges, and water purifier manufacturers face difficulties such as reduced workforce, production challenges, and health safety concerns. A full recovery may take months after the pandemic subsides.
Companies Mentioned
Panasonic Corporation (Japan)
Xiaomi Inc. (China)
A. O. Smith (US)
Coway Co ltd (South Korea)
and Unilever (UK) dominate the global market Prominent players in the global water purifier market include Eureka Forbes (India)
BWT AG (Austria)
Culligan (US)
EcoWater Systems LLC (US) and Brita LP
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