The global water purifier market, valued at US$ 45.3 billion in 2023, is projected to reach US$ 109.4 billion by the end of 2034, growing at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2034. This robust growth is driven by increased awareness of the benefits of clean water consumption, rapid urbanization, industrialization, and governmental efforts and campaigns. Additionally, the rise in water-borne infections, particularly in developing countries, is propelling the market forward.
Get Sample PDF Research Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1749
Analyst Viewpoint
The surge in awareness of the health benefits of clean water, coupled with modern lifestyle changes, has transformed water purifiers from luxury items to essential household appliances. Post-pandemic, there has been a significant shift towards health-conscious living, with consumers increasingly prioritizing the quality of their water. This trend mirrors the rise in demand for air purifiers in polluted cities, underscoring a broader shift towards health and hygiene.
Market Introduction
Water purification involves removing biological contaminants, undesirable chemicals, gases, and suspended solids from water. The primary goal is to provide clean water for human consumption, although it also serves various chemical, pharmacological, medical, and commercial purposes. With the global population growing, ensuring access to clean drinking water has become critical. Innovative technologies, such as nanofiber technology, are emerging in the industry, enhancing desalination, ion exchange, disinfection, and heavy metal removal processes.
Market Drivers
1. Increase in Water Pollution: Water pollution is a significant driver of the water purifier market. According to the World Health Organization (WHO) and the World Bank, approximately 1.1 billion people globally consume hazardous water. Sustainable Development Goal-6, adopted by all United Nations member states, emphasizes access to clean water and sanitation, highlighting the severity of the issue and the need for progress. While industrialized nations have largely addressed water safety through rigorous regulations and effective management, many countries with limited resources continue to struggle. This ongoing challenge drives the global demand for water purifiers.
2. Rise in Awareness of Health & Hygiene: Consumer awareness of health and hygiene, alongside the dangers of single-use plastic water bottles, is increasing. Drinking contaminated water leads to health problems such as diarrhea and the spread of diseases like cholera, dysentery, hepatitis A, and typhoid fever. Chemical contamination, whether natural (e.g., arsenic, fluoride) or manmade (e.g., nitrate), remains a health risk. The growing understanding of the importance of clean water in preventing waterborne diseases is encouraging consumers to invest in water purifiers. Educational campaigns, media coverage, and advancements in water quality testing further support this trend.
Regional Outlook
Asia Pacific: Asia Pacific dominates the water purifier market in both volume and value, driven by rapid urbanization, population growth, and increased awareness of water quality. The region, home to over 4 billion people, faces significant water scarcity and pollution issues. Industrialization, agricultural activities, and inadequate wastewater treatment infrastructure contribute to widespread water contamination, leading consumers to seek water purifiers for safe drinking water. Countries like India, China, and Southeast Asian nations have seen a surge in demand due to their large populations and rising health consciousness.
North America: North America is also expected to experience substantial market growth. Increased consumer awareness of the health implications of contaminated water is driving investments in water purifiers. Stringent government regulations for water quality standards have spurred demand for advanced purification systems in residential and commercial settings. The focus on ensuring safe and pure household water supplies is a key factor in the region's market expansion.
Key Players and Developments
Prominent manufacturers in the water purifier market include A. O. Smith Corporation, Angel International (H.K.), BRITA SE, Coway Co Ltd., Culligan International, Eureka Forbes Ltd., Kent RO Systems Ltd., LG Electronics Inc., LIFESTRAW SARL, Lux Royal (Thailand) Co., Ltd., Midea Group, Panasonic Corporation, Whirlpool Corporation, Mitsubishi Chemical Cleansui Corporation, and Unilever Pureit. These companies are investing significantly in research and development to innovate and expand their product portfolios. Mergers and acquisitions are common strategies to strengthen market positions.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
English
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Russian
Romaian