25 September 2021
The global Water Purifier Market is expected to exceed the market valuation of more than US$ xx million by 2027 expanding at a reasonable CAGR of xx% during the forecast period (2021-2027). The demand for Water purifiers is increasing on account of the rise in health concerns coupled with rising water-related disorders, consumers shift towards a healthier lifestyle.
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The demand for Water purifiers is increasing on account of the rise in water-borne diseases all over the world. As per the CDC, approximately 2.9 million cases and 95,000 deaths occur every year due to Cholera all over the world. This infection is often mild, but it can be severe. Nearly 1 in 10 people who get sick with cholera will develop severe symptoms such as vomiting, watery diarrhea, and leg cramps.
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Based on Distribution Channel, the market is fragmented into Retail Sales, Direct Sales, and Online. The Retail Sales segment dominated the market in 2020 and is expected to register the highest CAGR in the upcoming period owing to high patient satisfaction, the higher affinity of customers towards physical stores, and high safety. In 2017, India’s leading water purifier Eureka Forbes shifted its focus to retail to increase sales.
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Based on Portability, the market is fragmented into Portable and Non-portable. The Non-portable segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period owing to high adoption among corporate offices, households, hospitals, and others. Moreover, the low cost of non-portable water purifiers also intensifies the market growth. As per the American Hospital Association, there are 6,090 Total Hospitals in the U.S.
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Based on End-user, the market is fragmented into Commercial and Residential. The Residential segment holds the largest share in 2020 owing to the high adoption of water purifiers amongst residential users, deteriorating water quality coupled with rising in water-borne diseases and surge in urbanization. However, the Commercial segment is expected to register the fastest CAGR in the upcoming period owing to a rise in the number of schools, offices, and restaurants all over the world.
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For a better understanding of the market adoption of Water Purifier, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific will dominate the Water Purifier market on account of the improved lifestyle, increase in purchasing power, rise in population, rapidly growing urbanization, and rising awareness regarding consumption of clean water. Some of the major players operating in the market include Amway Corporation, A. O. Smith Corporation (Aquasana Inc.), Best Water Technology, Eureka Forbes Limited, Halo Source Inc., Kent Ro System Ltd., LG Electronics, Panasonic Corporation, Suez Water Technologies & Solutions (SUEZ), and Tata Chemicals Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Water Purifier Market Segmentation
Market Insight, by Technology
Market Insight, by Distribution Channel
Market Insight, by Portability
Market Insight, by End-user
Market Insight, by Region
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