Water Purifier Market Banks on Swelling Density of World Population and Increasing Water Pollution

The global water purifier market is projected to see a continued progress in its growth for several years to come on account of the increasing purified water need of a burgeoning world population. High intensities of water pollution witnessed due to water bodies dumped with enormous quantities of garbage and industrial waste and high population density could create a whole lot of demand for water purifier in urban pockets. The severe dearth of fresh water in the Middle East and other parts of the world is anticipated to serve as a crucial factor augmenting the demand for water purifier in the near future.

The global water purifier market is foreseen by Transparency Market Research (TMR) to earn an around US$110.02 bn by the completion of 2025 while expanding at an 8.4% CAGR during the forecast tenure 2017-2025. In 2016, the market earned a US$53.36 bn.

New products developed in the global water purifier market could increase growth in the foreseeable future. The Infinitum Humanitarian Systems (IHS)/Roddenberry Foundation team has installed a water purifier called the Water Aid and Renewable Power (WARP) system for Puerto Ricans in LoĆ­za. The purifier is a new version of the water purification system that the team has been setting up in disaster-stricken communities across the globe since 2013.

Which Types of Accessories could Attract Larger Demand?

The heavy dependence of some countries on salty sea water calls for desalination before use. This could bolster the demand for water purifier. Furthermore, the sales of water purifier are predicted to see a rise in future as the number of health-conscious consumers continues to increase.

Several types of water purifier accessories have been produced to better serve consumers – household filters, counter top filters, replacement filters, water dispensers, faucet mount, shower filters, under sink filters, and pitcher filters to name a few. Amongst these, replacement filters are foretold to account for a staggering share in the world water purifier market due to their affordable price. TMR anticipates the segment to grow at a CAGR of 9.5%. Nevertheless, owing to their lower cycle time and compact size, pitcher filters, counter top filters, and water dispensers are forecast to showcase a substantial growth in the coming years.

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What could Help Asia Pacific to Continue Lead until 2024?

As noted in most recent market research publications, Asia Pacific is expected to lead the international water purifier market from the front because of its massive population base. According to the latest statistics, the region accounts for a nearly 60.0% of the worldwide population. Depleting groundwater resources and rising water pollution could be among the primary factors encouraging growth in the region, apart from its increasing population. The reverse osmosis (RO) water purifier technology is envisaged to widely impact the regional market growth. Asia Pacific could register an 11.9% CAGR, as per the analysts at TMR.

On the other side of the world, strict government regulations related to water quality could be responsible for the rise in the demand for water purifier in developed regions such as North America. The rising amounts of mining and industrial wastes dumped into rivers and other water bodies are prognosticated to create an urgent need for sophisticated and comprehensive water treatments. Companies such as GE Appliances, Eureka Forbes Ltd., EcoWater Systems LLC, Aquatech International LLC, and A.O. Smith Corporation could make active contributions toward the growth of the international water purifier market.

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