What is the global market size of Water Purifier Market?

Water Purifier Market size was valued at USD 38.7 billion in 2021 and is poised to grow from USD 42.74 billion in 2022 to USD 95.4 billion by 2030, growing at a CAGR of 10.5% in the forecast period (2023-2030).

Water Purifier Market Size, Share, Growth Analysis, By Product Type(Point-of-use Filters (Under the Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters)), By Category(RO Filters, UV Filters, Gravity Filters), By Portability(Portable Water Purifiers, Non-portable Water Purifiers), By Application(Residential, Commercial), By Region - Industry Forecast 2024-2031

Report ID: SQSG20D2019 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 117 | Figures: 77

Water Purifier Market News

In January 2022, Whirlpool Corporation announced its transfer to a new facility in Pune in order to introduce cutting-edge technology into its products. The Global Technology & Engineering Center (GTEC) is a key component of Whirlpool's global product research and development and one of the company's biggest innovation hubs worldwide. IoT, Industry 4.0, and other cutting-edge technologies are among those that GTEC is working to create.

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Water Purifier Market size was valued at USD 38.7 billion in 2019 and is poised to grow from USD 42.74 billion in 2023 to USD 95.4 billion by 2031, growing at a CAGR of 10.5% in the forecast period (2024-2031).

The well-known market participants are concentrating on releasing high-quality products with cutting-edge water purifying techniques. The major tactic employed by the market leaders for their success is a wide product portfolio, complemented by superior operational efficiency & new technologies. Additionally, filter pitchers and purifiers equipped with Wi-Fi are now available on the market. To meet the growing demand for potable water, market players are anticipated to provide more cutting-edge goods and services. 'Amway Corporation', 'A.O. Smith Corporation', 'Eureka Forbes Limited', 'Pentair plc', 'LG Electronics Inc.', 'Panasonic Corporation', 'Unilever N.V.', 'Kent RO Systems Ltd.', 'Whirlpool Corporation', 'Brita GmbH', 'Aquasana, Inc.', 'Coway Co., Ltd.', 'General Electric Company', 'Tata Chemicals Ltd.', 'Pureit Water Purifiers (HUL)', 'Blue Star Ltd.', 'EcoWater Systems LLC', '3M Company', 'Koninklijke Philips N.V.', 'Honeywell International Inc.'

Multiple advantages of using water filters to support the market growth: Water purifiers provide safe drinking water by removing dangerous bacteria, viruses, and other pollutants. Giardia and cryptosporidium removal reduces the risk of gastrointestinal disease by 33%. Additionally, it gets rid of chlorine and its metabolites and lessens the risk of rectal and bladder cancer. Additionally, drinking clean water helps to maintain an optimal energy level, enhance skin health, reduce weight, and strengthen the body's overall immune system. The value of water's flavor and taste improves with water purification. As a result, using clean and safe water when cooking preserves the flavor of the dish. Minerals are removed by household water filters, which can lower the water's overall quality. The purification at the water entrance point extends the piping's life and greatly reduces maintenance costs.

Increasing popularity of Smart Purification: The advent of smart purifiers with cutting-edge technologies is a recent trend seen in the industry. Smart purifiers are simple to use and have a multi-stage purifying system. These filters keep an eye on how much water is being used and change the settings as needed. Additionally, smart purifiers are made to send alerts and notifications to users when their maintenance cycle is complete. Customers are increasingly requesting feature-rich purifiers as their living standards and purchasing power rise, particularly in developing nations in the Asia Pacific and the Middle East. This is creating market growth potential. Therefore, it is anticipated that throughout the projection period, demand for these purifiers will increase due to the quick development of such smart technology-based purifiers.

Based on the region, the Asia Pacific region currently dominates the global water purifier market. Asia Pacific held the greatest market share for water purifiers globally in 2021. Japan is the second-largest stockholder after China. Although there is a lower adoption rate of these filtration devices in India, public awareness of waterborne illnesses and the harmful effects they have on the body's health is rising. A.O. Smith Corporation, Brita LP, as well as other large global players are also making significant investments in the Indian water purification sector. India is projected to expand at the quickest rate during the predicted period as a result. Developed nations with high rates of product penetration for water filtration include Japan, South Korea, Australia, and New Zealand.

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