Global Water Purifiers Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
3 Nov, 2021
The water purifiers market consists of the sales of water purifiers and related services. Water purifiers are the devices used to purify water from the biological contaminants, toxins, harmful chemicals & gases, and others impurities such as solid particles so that it can be safe for drinking. It also decreases the level of hazardous pollutants in it and making it suitable for the industries before releasing it into the water bodies.
Global Water Purifiers Market Size And Drivers:
The global water purifiers market is expected grow from $33.77 billion in 2020 to $37.55 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The water purifiers market is expected to reach $50.16 billion in 2025 at a CAGR of 8%. The scarcity of safe water is contributing to the growth of the water purifier market.
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Trends In The Global Water Purifiers Market
The increase usage of internet of things technology (IOT) enabled water purifier is an emerging trend in the water purifiers market. The Internet of Things is a network which contains interrelated physical components which can be accessed using the internet for collecting and exchanging data. In water purifiers, the Internet of things is used to give information on the water quality, life of the filters, total dissolved solids levels, and service support. For instance, MI (Xiaomi), a Chinese smart phone manufacturer recently launched the Mi Smart Purifier which is an app-enabled and can be linked to the Xiaomi Home app. The app gives the data of total dissolved solids (TDS), and remaining filter life. Most of the recent products nowadays are enabled with internet of things, so it is expected to be an emerging trend in the water purifiers market.
Global Water Purifiers Market Segments:
The global water purifiers market is further segmented –
1) By Technology Type: RO Water Purifier, UV Water Purifier, Gravity-Based Water Purifier
2) By End-User: Industrial, Commercial, Household
3) By Distribution Channel: Retail Stores, Direct Sales, Online
4) By Portability: Portable, Non-Portable
5) By Device Type: Wall Mounted, Countertop, Tabletop, Faucet-mounted, Under-The-Sink (UTS)
By Geography: The global water purifiers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/water-purifiers-market-global-report-2020-30-covid-19-growth-and-changeWater Purifiers Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides water purifiers market overviews, analyzes and forecasts market size and growth for the global water purifiers market, water purifiers market share, water purifiers market players, water purifiers market segments and geographies, water purifiers market’s leading competitors’ revenues, profiles and market shares. The water purifiers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.