Overview
The water purifier market is set to grow at a CAGR of 17.37% during the forecast period 2019 to 2025. As per the market research report, the market will hit USD 78.6 billion in terms of valuation by the end of 2025. The market growth will be driven by a well-developed logistics sector. Based on the research report, automation in industries will accelerate growth in the market till 2025. Although the high cost associated with services will have a negative impact on the global water purifier market’s growth during this period.
Growing concerns related to the cost is predicted to be a key challenge which could become a strong threat from 2019 to 2025 to companies. The market report published by expert analysts includes primary and secondary data and suggests that product, devices, and end-user segments are anticipated to witness tremendous growth till 2025. Factors such as technological developments will become key growth drivers during the forecast period and rapid urbanization is also said to be supporting the market globally, however, the growth projected for the forecast period could be affected by the fluctuating raw material prices which could negatively affect activities taking place across the market. The shortage of skilled professionals is another challenge the water purifier market could face till 2025.
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Market Segmentation
Consumers aiming for more comfort and satisfaction will support the market growth from 2019 to 2025. As per the market research report, the global market for water purifier is anticipated to grow at a healthy rate across all the product, devices, and end-user segments. However, the presence of active threats such as the high cost associated with products could hamper the market growth. Business activities across water purifiers have also been examined and studied by water purifier industry’s experienced analysts. The water purifier market research report covers findings with predictions and forecasts till 2025.
The water purifier market is segregated into different market segments based on product, devices, and end-user. For a comprehensive analysis of the market, the product, devices, and end-user segments are further split into smaller segments. The product segment is categorized into activated carbon filters, RO water purifier, and UV water purifier. Furthermore, based on devices, the global market is also segmented into countertop, faucet-mounted, tabletop, under-the-sink (UTS), and wall-mounted. Based on the market segmentation analysis, the report covers market forecasts. On the basis of end-user, the global market is split into sub segments including residential and commercial.
Regional Overview
The water purifier market, with its product and service-related segments, is spread across the world. Water purifier based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. Consumers aiming for more convenience are anticipated to be a major factor for growth across the water purifier space during the forecast period. The regional market in North America is classified as the United States, Mexico, Canada, and others. The water purifier sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Water purifier-based businesses in these regional markets are anticipated to grow due to technological advances during the forecast period 2019 to 2025. Although the market’s growth could be affected by the lack of awareness. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.
Competitive Landscape
Water purifier-based organizations are profiled in the market research report. The water purifier market along with companies and segments has been studied. The analysis of water purifier-based business is also done to identify key challenges and strengths of these companies. The global water purifier market research report covers SWOT analysis, Porter’s Five Force analysis of major water purifier related organizations. The strategy and other key details of these companies for the forecast period 2019 to 2025 are covered in the report. A rise in the disposable income is anticipated to support the market growth as the market is set to grow at a CAGR of 17.37% and reach a value of US$78.6 billion by 2025.
Industry News
Desalitech, Memcor, and OxyMem Limited were acquired by DuPont in 2019, expanding its product line of water purification, like ultrafiltration, RO, and ion exchange resins. These transactions help DuPont's goal of expanding access to the goods and solutions needed to address current and potential challenges faced by global consumers, such as the growing need to conserve water while decreasing the energy necessary to produce clean water. DuPont's latest acquisitions expand the company's portfolio and boost its capacity to accelerate growth and deliver superior value to consumers. DuPont is the largest UF provider across several business sectors, including residential, commercial, service, wastewater, and other niche solutions, after purchasing the inge and Memcor portfolios.
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