The Water Purifier Market is Predict to reach $76.2 Billion by 2030, at a CAGR of 9.5%

30-Nov-2023 | Report Format: Electronic (PDF)

Water Purifier Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Water Purifier Market size is expected to reach $76.2 billion by 2030, rising at a market growth of 9.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,08,095.3 thousand units experiencing a growth of 9.2% (2019-2022).

The RO segment is generating the highest revenue in the Global Water Purifier Market, By Technology in 2022 thereby, achieving a market value of $43.69 billion by 2030. Consumers have become more conscious of water quality and the potential health risks associated with impurities in water. RO purifiers are known for their effectiveness in removing a wide range of contaminants, including heavy metals, dissolved solids, and microorganisms. The continuous improvement in RO purification technology has made these systems more efficient, cost-effective, and user-friendly. These factors will boost the demand in the segment.

The Commercial segment is experiencing a CAGR of 11.1% during (2023 - 2030). With the increasing focus on health and hygiene, businesses and institutions are more concerned about providing clean water to their employees, students, patients, and visitors, leading to the installation of water purification systems in commercial settings. Governments and regulatory bodies often enforce strict standards and regulations on water quality in public places. This has compelled commercial establishments to invest in reliable water purification systems to ensure compliance.

The Non-Portable segment is leading the Global Water Purifier Market, By Portability in 2022 thereby, achieving a market value of $65.6 billion by 2030. Non-portable purifiers often have higher capacity and efficiency, suitable for households, offices, restaurants, or other establishments catering to a larger number of people. Non-portable purifiers provide a continuous supply of purified water without the need for manual refilling, making them ideal for daily household or commercial use. These purifiers can be integrated directly into plumbing systems, providing convenience and a seamless water purification process.

The Direct Sales segment is registering a CAGR of 10% during (2023 - 2030). Direct sales often involve personalized product demonstrations. This can be a significant advantage in the water purifier market, where consumers can see the product's efficacy firsthand and understand how it meets their specific needs. Direct sales involve building personal relationships with customers fostering trust and loyalty. Water purifiers are a long-term investment for households, and a direct sales approach allows for better communication, addressing concerns, and building trust in the product and brand.

The Asia Pacific region dominated the Global Water Purifier Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.39 billion by 2030. The Europe region would exhibit a CAGR of 9% during (2023 - 2030). Additionally, The North America region is registering a CAGR of 8.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/water-purifier-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Pentair PLC, Kent Ro System Ltd., Panasonic Holdings Corporation, A. O. Smith Corporation, Unilever PLC, General Electric Company, Tata Chemicals Ltd., Brita Gmbh (Brita Group), Best Water Technology Group, LG Electronics, Inc. (LG Corporation).

Global Water Purifier Market Segmentation

By Technology (Volume, Thousand Units, USD Million, 2019-2030)

  • RO
  • UV
  • Gravity Based

By End User (Volume, Thousand Units, USD Million, 2019-2030)

  • Residential
  • Commercial

By Portability (Volume, Thousand Units, USD Million, 2019-2030)

  • Non-Portable
  • Portable

By Distribution Channel (Volume, Thousand Units, USD Million, 2019-2030)

  • Retail Stores
  • Direct Sales
  • Online

By Geography (Volume, Thousand Units, USD Million, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Pentair PLC
  • Kent Ro System Ltd.
  • Panasonic Holdings Corporation
  • O.Smith Corporation
  • Unilever PLC
  • General Electric Company
  • Tata Chemicals Ltd.
  • Brita Gmbh (Brita Group)
  • Best Water Technology Group
  • LG Electronics, Inc. (LG Corporation)

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