The water purifier market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2021 to 2028 and is expected to reach USD 17,747.58 million by 2028. Upsurge in incidence of waterborne diseases is acting as major growth factor for the water purifier market
Water purifiers are used for purifying the water to make it suitable for drinking and using it for other purposes such as washing clothes, bathing and others. Water comes from different sources that are exposed to the open environment that leads to contamination of water. The water reaching household and commercial places needs to be treated in order to prevent waterborne diseases.
Wide range of benefits offered by water purifiers’ is acting as a major factor for the growth of the water purifier market. High maintenance cost of water purifiers acts as a major restraint for the water purifier market. Introduction of smart purifiers is acting as a major window of opportunity for the water purifier market. Impact on water purifier during the pandemic is acting as a major challenge for the growth of the water purifier market.
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Water Purifier Market Scope and Market Size
The water purifier market is segmented on the basis of technology, installation type, filter type, portability, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of technology, the water purifier market is segmented into reverse osmosis, UF purification, UV purification, sediment filter, gravity purifier, water softener, multi-stage purifiers and others. In 2021, reverse osmosis segment held the largest share in the market due to high adoption by residential which is highly effective in water purifying.
On the basis of installation type, the water purifier market is segmented into point of use systems, point of entry systems. In 2021, the point of use systems segment held a larger share in the market as this installation requires less cost and less space for installation.
On the basis of filter type, the water purifier market is segmented into mechanical filters, absorption filters, ion exchange filters, reverse osmosis filters and sequestration filters. In 2021, reverse osmosis filters segment held the largest share in the market due to less cost and high filtration efficiency of the RO filters and high adaptability among customers.
On the basis of portability, the water purifier market is segmented into portable water purifiers and non-portable water purifiers. In 2021, non-portable water purifiers segment held the largest share in the market as the non-portable water purifiers are highly effective in removing inorganic contaminants.
On the basis of distribution channel, the water purifier market is segmented into offline and online. In 2021, offline segment held the largest share in the market as the cost incurred is installation of the water purifier is less and the company offers services which save the cost of the customer.
On the basis of application, the water purifier market is segmented into residential, corporate/commercial and hotels and restaurants & cafes (HORECA). In 2021, residential segment held the largest share in the market as water purifiers are majorly used by residents as they required soft water for usage.
North America Water Purifier Market Country Level Analysis
North America water purifier market is analysed and market size information is provided by the country, technology, installation type, filter type, portability, distribution channel and application as referenced above.
The countries covered in the North America water purifier market report are the U.S., Canada and Mexico.
The U.S. has accounted for maximum share in the North America water purifier market due to the presence of a large number of companies for the point of use systems segment and technical advancement in water purification systems. While, Canada is dominating with the second highest market share as the water quality is not appropriate for drinking for the point of use systems segment which requires extra filtration process. To make the water ideal for use at homes, water purifiers are used which makes North America a dominating region.
The country section of the North America Water purifier market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and North America Water Purifier Market Share Analysis
The water purifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the North America water purifier market.
The major players operating in the North America water purifier market report are Unilever, COWAY CO.,LTD., EcoWater Systems LLC, 3M, Pentair, Mitsubishi Chemical Cleansui Corporation (a brand of Mitsubishi Chemical Corporation), TORAY INDUSTRIES, INC., Koninklijke Philips N.V., Shenzhen Angel Drinking Water Equipment Co., Culligan, Midea Group, A. O. Smith, LG Electronics, Tata Chemicals Ltd., Whirlpool Corporation, Xiaomi, GE Appliances, a Haier company, Brita LP, Panasonic Corporation among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Global Home Beer Brewing Machine Market Report Answers the Following Questions:
What are the current market trends in the North America Water Purifier Market?
How has the increasing adoption of technology in the industry impacted the growth of the North America Water Purifier Market?
What are the major drivers and restraints of the North America Water Purifier Market?
How is the North America Water Purifier Market segmented?
What are the major players in the North America Water Purifier Market and what is their market share?
How has the COVID-19 pandemic affected the North America Water Purifier Market?
What is the market size and forecast of the North America Water Purifier Market?
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