Market Research Report
Global Water Purifier Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||632242|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Water Purifier Market - Technologies, Market share and Industry Forecast to 2024|
|Published: April 22, 2018||Content info: 190 Pages||
Water purification refers to a process in which the undesired organic and inorganic materials, chemical compounds and biological contaminants are eliminated from water. Water purification is essential as it helps in eliminating the microorganisms which is necessary to make the water safe to drink. The global water purifier market is expected to grow at a CAGR of 10.5% during forecast period (2017-2024). Wide range of water pollution creates primarily necessity of water purifiers in urban areas of developing economies. Other driving factors include increasing disposable income of consumers, increasing health consciousness among consumers, increasing water borne diseases, innovation in technology and product development. There are two major challenges that are negatively impacting the growth of market is lack of awareness and strict regulatory standards by the government.
Geographically, global water purifier market is divided into North America, Asia pacific, Europe and rest of the world. Asia Pacific dominates the market globally in terms of revenue followed by North America and Europe. This is due to factors such as growing environmental pollution and exhausting ground water resources, depriving quality of water is anticipated to create demand of water purifiers. North America is second most important dominated region in the water purifier market globally. It is due to strict regulations by the government considering to the quality of water. Moreover, the need for water purifiers is anticipated to grow further in the region due to the enormous amount of mining and industrial wastes that is being dumped into rivers. This makes the water unfit for human use which leads to the demand of water purifiers and water treatment processes.
Global water purifier market is segmented into technology, end-user, channel of distribution and portability. The technology segment is segmented as Gravity purifier, RO purifier and UV purifier. Based on end-user segment, the market is sub-segmented into commercial and residential water purifier market. The residential segment dominates the end-user segment due to rising health awareness among people. On the basis of portability, the market is sub-segmented into portable and non-portable purifier market. The channel of distribution market is segmented into retail stores, direct sales and online market.
The key players of global water purifier market include Kent RO limited (India), GE Corporation (U.S.) Best Water Technology (Australia), Whirlpool Corporation (U.S.), and others. These companies are adopting various strategies such as merger, acquisitions, expansion and product launch to strengthen their position across the globe. "