WILMINGTON, DE / ACCESSWIRE / February 8, 2023 / According to a TMR study, the global water purifier market is estimated to grow at a CAGR of 10.5% from 2022 to 2031. Water purifiers are products used to purify water from different sources, such as wells, lakes, and rivers, to make it suitable for consumers to drink. Water purifiers help to destroy bacterial content in water and are used in commercial and residential spaces.
Launch of new water purifiers is helping prominent market players to gain an edge over other players and create new revenue streams. In 2022, Kent RO Systems announced the launch of a new water under-the-counter water purifier with a space-saving feature that separated the product from others in the market. Furthermore, leading players are signing collaboration agreements with other companies to expand market presence and increase revenue share. Companies are likely to increase their production capacities in a bid to meet consumer requirements, in future.
Request to Sample PDF of this Strategic Report (Use Corporate Mail ID for Top Priority) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23927
Key Findings of Market Study
- Increase in Demand for Portable Water Purifiers: In terms of portability, the global market has been bifurcated into portable water purifiers and non-portable water purifiers. The portable water purifiers segment accounted for dominant market share in 2021. Rise in product demand among consumers participating in adventure sports, such as mountain climbing, is driving the segment. Furthermore, portable water purifiers are convenient and user-friendly, which is increasing product demand. This in turn is propelling the segment.
- Rise in Demand on E-commerce Websites: For several years, consumers have purchased water purifiers through offline distribution channels such as retail stores in order to physically check the product before purchasing. However, growth of the e-commerce industry has enabled consumers to purchase water purifiers through online distribution channels such as e-commerce websites. Product availability at reduced prices and doorstep delivery are the key factors fueling water purifier demand on e-commerce websites. This in turn is augmenting the segment.
Water Purifier Market - Key Drivers
- Growing need for water recycling in manufacturing & processing industries is driving the global water purifier market
- Surge in food & beverage production units is likely to augment industry growth in the coming years
- Rise in awareness among consumers about the presence of different impurities in water is fueling the water purifier market
- Surge in the number of government initiatives to spread awareness about water quality issues and different water-borne disorders is likely to bolster demand for water purifiers in the years ahead
Buy this Premium Research Report | Immediate Delivery Available - https://www.transparencymarketresearch.com/checkout.php?rep_id=23927<ype=S
Water Purifier Market - Regional Segmentation
Asia Pacific is anticipated to account for dominant market share in the coming years. . Increase in number of nuclear families, rise in prevalence of water-borne diseases, and surge in disposable income in India and China are expected to propel market size in future
Water Purifier Market - Key Players
The global market has small number of players; hence, the competition is not intense. New players entering the market are likely to intensify the competition in future. .
Prominent market players are investing in research & development activities to manufacture improved products. Rise in demand for better water purifiers is likely to augment the market in the coming years.
Key players in the market are A.O. Smith Corporation, 3M Purification, Whirlpool Corporation, Panasonic Corporation, and Aquatech International LLC.
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=23927
The global water purifier market is segmented as follows:
- Portability
- Portable Water Purifiers
- Non-portable Water
- Technology
- Gravity Purifier
- UV Purifier
- RO Purifier
- End-use
- Residential
- Commercial
- Distribution Channel
- Online
- Offline
- Regions Covered
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
Latest Consumer Goods Industry Reports : -
Lingerie Market Growth Share from 2022 - 2031
Luxury Hotels Industry Growth from 2022 - 2031
Car Rental Market Growth Report 2022 - 2031
Commercial Drones Market Size & Share Report, 2022-2031
Electron Multiplier Market Size & Share Report, 2022 - 2031
Baby Care Products Market Size | Industry Report, 2020-2031
Personal Protective Equipment Market Growth Share from 2022 - 2031
External Blinds Industry Growth from 2022 - 2031
Home Audio Equipment Market Size & Share Report, 2022-2031
Board Games & Puzzles Market Size, Share | Industry Report, 2022-2031
Lighting Fixtures Market Size & Share Report, 2022 - 2031
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE: Transparency Market Research Inc.