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The water filter is those who remove the impurities by the process of contamination of water, using a physical barrier, chemical barrier or the biological process. Substances that are removed during the process include parasites (such as Giardia or Cryptosporidium), bacteria, algae, viruses, fungi, minerals (including toxic metals such as Lead, Copper etc.), and man-made chemical pollutants.
Many contaminants can be dangerous, depending on the quality standards; others are removed to improve the water’s smell, taste, and appearance.
A small amount of disinfectant is usually intentionally left in the water at the end of the treatment process to reduce the risk of re-contamination in the distribution system. Water filter industry is booming in recent years.
Water Purifier Market Segment Size & Growth:
Global water purifier market size is accounted as USD 54.56 billion in 2017 and expected to grow at a CAGR o 8.29% to reach 109.23 billion by 2024 during the forecast period 2018-2024.
As disposable income of the consumer is increasing, people are more interested in having a healthier lifestyle and purified water. For this reason increase in the growth in the water purification market can be seen. Increased incidence of waterborne diseases has led the water filtration industry growth. Improving concerns towards health is another major driver who is driving the water filtration market. Poor water quality is another reason for which people tend to buy a water filter, which in turn giving the boost to the water filter industry. Technological advancement and variation in the purifier market are one of the reasons as people are tending to buy more as there are more options and better product is available. As there is the availability of many substitutes this industry, the manufacturer is
Rising demand in the emerging market is one of the reasons this market has grown in future. Rising disposable income, urbanisation, and the growing population, this will, in turn, lead the growth of the market during the forecast period.
Water Purifier Market Size:
Regarding geography, a market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and South America. The Asia Pacific holds the largest market share. The Asia Pacific dominated the market, as the growing population, urbanisation, and the rising disposable income has led the market growth. As emerging economies per capita income is increasing, the consumers are intended to buy these kinds of products. Branding and advertisement play a major role. As there is a lot of variation among the manufacturers, people can choose from different varieties.
By technology type, the market is segmented into gravity purifiers, RO Purifiers, UV Purifiers, Sediment filter, Water Softener, and others. The RO water purifier has dominated the market with a market share of more than 48%. The efficiency of the reverse osmosis technology in eliminating water contaminants compared to gravity-based and UV water purifiers is a major driver for the growth of RO water purifiers. RO water purifiers kill microorganisms by destroying their cells along with eliminating turbidity. Regarding the end-user, the market is segmented into industrial, commercial, household. Regarding accessories, the market is segmented into pitcher filter, under sink filter, shower filter, faucet mount, mater dispenser, replacement filters, countertop, whole house, and others. Of these categories, the replacement filter segment is expected to transcend as the most lucrative segment with a CAGR
Water Purifier Market Trends:
Water Purifier Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market
Major key players are
Along with these companies, there were many other companies considered/cited in the report while analysing global water purifier market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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