PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1725010
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1725010
Advanced Water Purification Technologies' Convergence Will Reshape the Industry
Home water purification eliminates contaminants like microorganisms, chemicals, and dissolved solids through filtration, UV light, and reverse osmosis (RO). The most advanced systems are highly technologically equipped point-of-use (POU) and point-of-entry (POE) devices, hence giving more efficiency in performance and ease in the process. The residential segment would grow from USD 21.86 billion to USD 59.23 billion, depicting a 13.26% CAGR. The total water purifier market of USD 35.25 billion in 2024 is expected to reach USD 62.88 billion by 2032 with a CAGR of 7.6%. The innovations of capacitive deionization and smart purification systems help the company overcome, to some extent, the challenges of high maintenance costs. Increasing health awareness and concern over waterborne diseases are also drivers for the market. Pentair, A.O. Smith, and 3M are some world-class companies.
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