According to the most recent report by Renub Research, titled "Water Purifier Market Global Forecast by Technology, Distribution Channels, End User, Regions, Company Analysis" Water purification could be a process during which undesired chemical compounds, biological containments, organic and inorganic material are removed from the water. This process includes deionization and distillation. one in all the numerous purposes of water purification is to supply clean drinking water. This process also meets the necessity of chemical, medical, pharmacological and industrial application for clean and potable water. The purification procedure also reduces the concentration of impurities like bacteria, viruses, parasites and fungi.
With all these advantages, the water purifier market is growing year on year; the marketplace for global water purifier is forecasted to be US$ 64.86 Billion by the end of the year 2026. The innovation in water purification technology like RO, UV and Gravity water will also propel the market.
There are various benefits of pure water. Water purification reduces excess chlorine present in water, preventing the high risk of diseases just like the cardiovascular problem, cancer and asthma. Investing in a water purification system is cost-effective in comparison with drinking water. It leads to cost-saving in the long-run process. Water purification also improves water flavour by eliminating metallic or any unpleasant taste by getting obviate germs from the water without boiling water. Pure water is essential for healthy skin; the various chemical present in water end in skin allergies.
The impact of COVID-19 on Global Water Purifier Market
The sales of water purifier have stopped around the world because of lockdown imposed by government agencies as only essential services were allowed. The import and export activities in conjunction with production in factories have stopped and retailed shops are closed, which have affected the sales of water purifier within the year 2020. The marketplace for water purifier will grow from the year 2021 at a much higher rate than the year 2020.
According to the UN and also the WHO, in every 21 seconds, a child and approximately $3.5 million people die annually within the developing countries because of water-borne diseases caused by drinking contaminated water. The case in the developing economies is worse thanks to scarcity of water, rise in pollution, and rapid surge in population. Thus, growth in the incidence of water-borne disease significantly fuels the demand for water purifier market trends globally. Diminishing quality of water may be a severe hazard. It poses considerable risks to health, causing various water-borne diseases. The declining water quality could be a result of dumping untreated sewage, chemicals, pesticides, nutrients, and garbage from industries, agriculture, and municipal corporations into water bodies. Most of the water supplied by municipal authorities in urban areas is unsafe to drink and requires further decontamination from heavy metals, virus, cysts, bacteria and other toxins. Industrialization is expected to rise, leading to increased pollution in the coming years, thus creating a rise in demand for water purifiers.
The renowned water purifier market players have focused on launching well-equipped products with advanced water purification technologies. These players have heavily invested in research & development activities to introduce water purifiers equipped with reverse osmosis, ozone, ultra-violet, ultra-filtration, activated carbon, and candle filtration technologies. Moreover, purifiers installed with Wi-Fi technology and filter pitchers are launched within the market. The market players are expected to launch more innovative products & solutions to cater to the increase in demand for potable water.
The global water purifier market is segmented based on technology, distribution channel, portability, and user. Counting on technology, the water purifier market is classified into UV, RO, and gravity-based. Supported distribution channel, the water purifier market is split into retail sales, direct sales, and online. Supported portability, it's bifurcated into portable and non-portable. The tip user segment comprises commercial and residential. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Russia, the remainder of Europe, and Western Europe), Asia-Pacific (China, Japan, India, South Korea, and the remainder of Asia-Pacific), and ROW.
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About Water Purifier Market:
Water purifier, as the name means, is a tool or equipment used for the purification of beverage.
In general, water 'purifiers' can apply to any kind of water filtration system including active carbon filters, UV Ultraviolet filtration systems, carbon-filtered water pitchers, faucet-installed carbon filters, water distillers, reverse osmosis systems, chemically-treated and municipal chlorinating water processes. During this report, we'll mainly analyze household water purifiers for providing clean and safe drinking water.
The water purifier industry has experienced remarkable growth over the past several decades, suffering from the pollution problem and the global economy development. A growing number of enterprises are entering the water purifier market; the competition of this market is getting more intensive.
Market Summary:
By Technology: This research report has covered the market and market summary of UV Purifier, RO purifier, and Gravity purifier. According to Renub Research analysis, RO and UV are dominating the market.
By Distribution Channels: The market and market share of Retail Stores, Direct Sales and Online are covered in this research report. The market of online distribution is growing due to growth in the eCommerce industry.
By End User: This research report covers the market and market share of Residential and Commercial users.
By Regions: This research report also covers the market of North America, Europe, Asia Pacific, and ROW.
By Company Analysis: This research report has covered Company Overview, Recent Development or Strategy, and Revenue analysis of AO. Smith Corporation, Coway Co., Kent Ro System Ltd, Evoqua Water Technologies LLC, and Pentair Plc.
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