Rapid population
growth, coupled with the increasing scarcity of fresh water, has been
augmenting the global water purifier market. According to a new
analysis by Transparency Market Research, the global market water
purifier is expected to exhibit a CAGR of 9.0% between 2015 and 2023.
The market was valued at US$44.78 bn and is expected to reach
US$95.57 bn by the end of 2023.The report is titled “Water
Purifier Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023” and is available for sale on
the company’s website.
A water purifier
aids water purification by removing undesired chemicals, suspended
solids, biological contaminants, and gases from water. The process is
aimed at making water fit for consumption. Besides purifying water
for drinking, water purifiers are also designed to serve diverse
purposes across chemical, pharmacological, medical, and industrial
applications. The most common and widely used methods of water
purification include sedimentation, filtration, chlorination,
distillation, and the use of activated carbon and electromagnetic
radiation such as ultraviolet light.
The high prevalence
of water pollution, particularly in urban areas, and the rising
health consciousness among customers are the key factors augmenting
the growth of the global water purifier market. The problem of water
scarcity in areas with high a population is particularly acute.
Additionally, rapid industrialization is resulting in indiscriminate
dumping of waste into river water, thus aggravating the already
persisting problem of water pollution even further. This has made
water purifiers a necessity in urban households and industrial
sectors. Besides this, the unevenness of freshwater supply in the
Middle East has forced countries to depend on ocean water, resulting
in high demand for water purifiers for desalination processes.
To present an
executive-level blueprint of the global water purifier market, the
report segments it into gravity purifiers, UV purifiers, and RO
purifiers based on technology. Of these, the demand for RO purifiers
has significantly increased over the years due to the rising
prevalence of water-borne diseases. The demand for UV purifiers is
also expected to gain momentum during the forecast period with the
launch of advanced filtration technology for killing water
contaminants using UV light.
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In terms of end
user, the report segments the market into commercial, household, and
industrial segments. The global water purifier market has
significantly benefitted from the rising demand from the industrial
segment where water purification is carried out in a larger scale.
However, the household segment held the largest share in the market
in 2014 and is expected to rise at a CAGR of 10.1% during the
forecast period.
Asia Pacific, North
America, Europe, Latin America, and the Middle East and Africa are
the major regional markets for water purifier. Among these nations,
Asia Pacific emerged as the largest market for water purifiers in
2014. The increasing awareness among the rural population about the
availability of cost-effective purifiers will significantly aid the
expansion of the water purifiers market in Asia Pacific.
To study the
prevailing competitiveness in the market, the report also
profiles companies such as Tata Chemicals Ltd., GE Corporation
(Water), Aquasana, Inc., Brita GmbH, and others.
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Transparency Market
Research (TMR) is a global market intelligence company providing
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