PUBLISHER: Grand View Research | PRODUCT CODE: 1171096
PUBLISHER: Grand View Research | PRODUCT CODE: 1171096
Home Water Filtration Unit Market Size, Share & Trends Analysis Report By Product (RO-based, UV-based), By Region (Asia Pacific, Europe, Middle East & Africa, North America), And Segment Forecasts, 2022 - 2030
Home Water Filtration Unit Market Growth & Trends:
The global home water filtration unit market size is projected to reach USD 26.73 billion in 2030, registering a CAGR of 10.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. In recent years, the industry has gained immense traction as a result of changing lifestyles, especially in urban areas. The scarcity of drinking water has obligated the domestic authorities to provide the population with an adequate supply of the same. Taking advantage of this opportunity, companies, such as Eureka Forbes and Aquaguard, have emerged as the industry leaders in the domestic segment. Product penetration in developed countries, such as the U.S. and Canada, is relatively higher while vast semi-urban and rural areas in developing countries, such as India and China, remain untapped.
The home water filtration unit is seen as a necessity, especially in metros and urban cities, due to rising microbial and chemical contamination in the surface water sources. Growing awareness about the adverse effects of contaminated surface water, along with a declining level of potable water, has resulted in a significant shift in consumer preferences for technology-based domestic water purification systems worldwide. The industry was negatively impacted due to lockdowns imposed in several countries worldwide as a result of the pandemic. Manufacturing companies faced a lot of challenges owing to interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses were not allowed to operate.
The water purifier is a purification system used to remove suspended solids, chemicals, unwanted materials, and gases to make water fit for a specific purpose. The industry is primarily driven by several factors, including technological developments in the industry and rising public awareness about the diseases transmitted through the consumption of contaminated water. Market penetration is comparatively higher in developed nations like the U.S., Canada, and Italy. Large semi-urban and rural areas, however, can be found in growing nations like China and India. However, the industry eventually returned to the pre-pandemic situation as people resumed their normal life. The RO-based product segment led the industry in 2021.
It is expected to witness progressive growth during the forecasted period. Increasing cases of waterborne diseases have made consumers cautious about the health risks associated with impure drinking water. In 2021, Asia Pacific led the industry and is anticipated to witness the fastest CAGR from 2022 to 2030. In Asia Pacific, China contributed to the majority of the share in 2021. Europe will be the second-fastest-growing region over the forecast period. Factors driving the demand for domestic water purifiers in this region are growing cases of jaundice and waterborne infections, rising awareness about sanitation among the urban population, and exponential growth of residential constructions in the region.
Home Water Filtration Unit Market Report Highlights:
- The RO-based product segment is expected to register the fastest CAGR from 2022 to 2030
- The increasing cases of waterborne diseases have made consumers cautious about the health risks associated with impure drinking water; thus, it is anticipated to propel the segment growth
- Asia Pacific led the industry in 2021 and is it anticipated to witness the fastest CAGR during the forecast period
- The industry is majorly dependent on consumer preference due to the presence of leading vendors competing in terms of variety and prices
- Companies, such as Eureka Forbes Ltd. and Kent RO System Ltd., are popular amongst consumers, especially across the Indian sub-continent, as these are available in various design options
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Home Water Filtration Unit Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter's Five Forces
- 3.5.2. Supplier Power
- 3.5.3. Buyer Power
- 3.5.4. Substitution Threat
- 3.5.5. Threat from New Entrant
- 3.5.6. Competitive Rivalry
- 3.6. Roadmap of Home water filtration unit Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on Home Water Filtration Unit Market
Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Product Adoption
- 4.4. Observations & Recommendations
Chapter 5. Home Water Filtration Unit Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2021 & 2030
- 5.2. RO-based
- 5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3. UV-based
- 5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.4. Gravity-based
- 5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Home Water Filtration Unit Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.2.3. U.S.
- 6.2.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.2.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.3. France
- 6.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.5.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 6.6.3. Israel
- 6.6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 6.6.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
Chapter 7. Competitive Analysis
- 7.1. Key global players, recent developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 7.3. Vendor Landscape
- 7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
- 8.1. Amway Corporation
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Eureka Forbes
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Hindustan Unilever
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. LG Electronics
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Panasonic
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. HaloSource Inc.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Whirlpool
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Kent RO Systems Ltd.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Brita GmbH
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Strategic Initiatives
- 8.10. Koninklijke Philips
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.10.4. Strategic Initiatives
List of Tables
- 1. Home water filtration unit - Key market driver analysis
- 2. Home water filtration unit - Key market restraint analysis
- 3. Global RO-based home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 4. Global UV-based home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 5. Global Gravity-based home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 6. Global other home water filtration unit products market estimates and forecast, 2017 - 2030 (USD Million)
- 7. North America home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 8. North America home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 9. U.S. home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 10. U.S. home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 11. Europe home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 12. Europe home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 13. France home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 14. France home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 15. Germany home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 16. Germany home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 17. Asia Pacific home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 18. Asia Pacific home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 19. India home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 20. India home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 21. China home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 22. China home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 23. Central & South America home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 24. Central & South America home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 25. Argentina home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 26. Argentina home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 27. Middle East & Africa home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 28. Middle East & Africa home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 29. Israel home water filtration unit market estimates and forecast, 2017 - 2030 (USD Million)
- 30. Israel home water filtration unit market revenue estimates and forecast by product, 2017 - 2030 (USD Million)
- 31. Vendor landscape
List of Figures
- 1. Home water filtration unit market snapshot
- 2. Home water filtration unit market segmentation & scope
- 3. Home water filtration unit market penetration & growth prospect mapping
- 4. Home water filtration unit supply chain analysis
- 5. Home water filtration unit market dynamics
- 6. Home water filtration unit market Porter's analysis
- 7. Home water filtration unit market: Product movement analysis
- 8. Home water filtration unit market: Regional movement analysis
