Latest News- Water Purifiers Market: Residential is expected to lead the End-user segment during 2024-2028

The Water Purifiers Market is being driven by Rising incidence of waterborne diseases

The Water Purifiers Market is expected to grow at a CAGR of 9.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19.78 billion. The water purifiers market is experiencing significant growth due to technological innovations and consumer-centric offerings. Advanced filtration technologies, energy efficiency, customization, and eco-friendly designs are key focus areas, enhancing the market's expansion. Recent introductions of smart and connected water purifiers, such as Panasonic's latest range launched in July 2022, boast 4,000-liter tap water purification capacity, appealing to a broader consumer base with their aesthetically pleasing designs and user-friendly interfaces. These technological advancements and customized solutions cater to diverse consumer needs, positioning the water purifiers market for continued success. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Residential
  • Commercial
• Technology
  • Reverse osmosis (RO)
  • Ultraviolet (UV)
  • Ultrafiltration (UF)
  • Gravity-based
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising incidence of waterborne diseases
• Growth of online and omnichannel retailing in global water purifiers market
• Increasing penetration of low-cost residential water purifiers

However, the market also witnesses some limitations, which are as follows:

• Low replacement cycle of water purifiers
• Easy availability of packaged drinking water
• Infrastructure and accessibility issues for installation of water purifiers

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Market Scope in Water Purifiers Market Research Report

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Research Analysis Overview

In rapidly developing economies, the demand for water purifiers is surging due to increased population, government programs focusing on clean water, and improving living standards. Smart purifiers with cutting-edge technology, easy-to-use features, and adjustable settings are in high demand. Notifications and maintenance cycles help users maintain their purifiers. Emerging countries offer significant market development potential with their purchasing power and the prevalence of waterborne diseases. Feature-rich purifiers with reverse osmosis filtration, smart sensors, and integration with Cloud apps are flagship products.

Market Research Overview

The Water Purifiers Market is a significant segment within the global Household Appliances Industry, projected to grow robustly during the forecast period. In rapidly developing economies, government initiatives for providing clean water and improving living standards are driving market expansion. Advanced technology, such as smart purifiers with easy-to-use features, adjustable settings, and maintenance cycle notifications, caters to the increasing population's needs. With rising purchasing power, consumers are investing in water purifiers, enhancing the market's growth trajectory. According to Technavio, the global Household Appliances Market, which includes Water Purifiers, is a sub-segment of the Global Household Durables Industry. This market encompasses revenue generated by manufacturers of electric household appliances and related products. The Household Appliances sector is divided into five categories: Major Household Appliances, Small Household Appliances, Hand Tools, Power Tools, and Garden Improvement Tools. The market excludes Televisions, Consumer Electronics, and Personal Computers, which fall under separate categories.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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