Water Purifier Market

Water Purifier Market Size, Share, Trends, Growth, and Industry Analysis, By Technology (RO Water Purifiers, UV Water Purifiers, Gravity-Based Water Purifiers, and UF Water Purifiers), By End-User (Residential, and Commercial), By Distribution Channel (Online Retail, and Offline Retail), Regional Analysis and Forecast 2032.

Consumer Goods & Services | October 2024 | Report ID: EMR00953 | Pages: 255

Water Purifier Market Trend

Global Water Purifier Market size was USD 37.24 billion in 2023 and the market is projected to touch USD 72.04 billion by 2032, at a CAGR of 8.60% during the forecast period.

 

Water purifiers come in a wide range-from filtration systems to reverse osmosis units, ultraviolet (UV) purifiers, and much more. These necessities ensure that safe, clean drinking water is guaranteed, a matter of need in places where water sources are contaminated or poor in quality.

An increasing awareness about the quality issues of water and the aggravating prevalence of waterborne diseases has been catalyzing growth in the market of water purifiers. Moreover, urbanization and industrialization accompanied by population growth have led to increased demands for clean water. Conscious consumers, who are rising in health awareness, have become increasingly dependent on water purifiers to fuel their concern about general well-being. Technological advancements in purification methods coupled with the advancement of smart water purifiers that can monitor and regulate instantly also fuels this market. Along with such upward trends, there will be an uprising in sustainable and eco-friendly purification solutions to address the concerns of environmental degradation.

 

Water Purifier Report Scope and Segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 37.24 Billion

Projected Market Value (2032)

USD 72.04 Billion

Base Year

2023

Historical Year

2018-2022

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product, By Technology, By End-User, By Distribution Channel, & Region.

Segments Covered

By Product, By Technology, By End-User, By Distribution Channel, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Dynamic Insights

Driving factors include an enhanced awareness of health and hygiene among consumers, who understand that clean drinking water prevents them from contracting diseases. Growing urbanization and population are further creating a demand for efficient water purification solutions in general, but in developing regions, pure water remains a challenge to access. Growing disposable incomes also ensure that households can invest in more advanced systems of water purification, thus driving further market expansion.

Market threats include the high introductory prices of advanced water purifiers that would serve to discourage a few buyers. Also, adulterated products and regional players who are selling low-cost alternatives could further affect the market of the established brands. Opportunities include technological advancements- the smart water purifiers, which monitor real-time and improve the methods of filtration. With this trend of sustainability on the rise, the eco-friendly purification solutions are also gaining momentum among environmentally conscious consumers.

 

Drivers Insights

  • Increasing Health Awareness

As a result of increased outbreaks of waterborne diseases and deterioration of qualities in drinking water, consumers have started developing increased awareness towards the purity of water. This has led to people becoming more health-conscious and demanding better water safety solutions. The demand is very high in developing countries where access to pure water is limited. Public health campaigns and educational efforts on the perils of unclean water are also motivating the need for water purifiers. Responding to the needs of consumers, manufacturers are launching a wide variety of products, from very advanced filtration systems to UV purifiers, in order to cater to the many different requirements.

  • Urbanization and Population Growth

Rapid urbanization and population growth are key factors driving the water purifier market. With more people moving to urban areas, the demand for clean drinking water is increasing significantly. Urban infrastructure often struggles to keep up with this growth, leading to concerns about water quality and availability. In many cities, water sources can be contaminated due to pollution, industrial waste, and aging infrastructure. As a response, consumers are increasingly investing in home water purification systems to ensure access to safe drinking water. This trend is expected to continue as urban populations expand and the need for reliable water purification solutions becomes more critical.

 

Restraints Insights

  • High Initial Costs

One major limit to market penetration for water purifiers is the high upfront investment associated with advanced systems of purification. Whereas an added investment made in advance for a good-quality water purifier ultimately yields returns as long-term benefits, high upfront costs deter price-sensitive customers, particularly in developing markets where consumers' disposable income levels are relatively low. Premium offerings cannot penetrate the market in such wide ways because a customer will buy some cheaper, less effective options instead. Manufacturers are likely to focus on finding a way of making their products more affordable, either in terms of the cost or financing.

  • Lack of Awareness in Rural Areas

While awareness of water quality issues is growing in urban centers, many rural areas still lack sufficient knowledge about the benefits of water purifiers. This gap in awareness can hinder market growth, as consumers in these regions may not recognize the importance of clean water or the available solutions. Additionally, limited access to information and education about water purification technologies can prevent rural consumers from making informed purchasing decisions. Companies targeting these markets will need to invest in educational campaigns and grassroots initiatives to promote the benefits of water purification.

 

Opportunities Insights

  • Technological Advancements

Technological advancements are opening up many avenues in the water purifier market. New technologies in the purification of water, such as reverse osmosis, UV filtration, and even smart purifiers providing real-time monitoring through mobile application, catch consumers' attention. Users can easily monitor the quality of water undergoing filtration or the length of the filter's life owing to IoT integration, thereby bettering user experience. All these advances can be used by manufacturers to produce more efficient and friendly products that suit the consumers' changing needs. As many consumers become aware of the benefits of the advanced technologies, demand for innovative water purifiers will likely increase.

 

Segment Analysis

  • By Technology

The major area of segmentation in the market of water purifiers comes in terms of technology, and it includes RO (Reverse Osmosis) water purifiers, UV (Ultraviolet) water purifiers, gravity-based water purifiers, and UF (Ultrafiltration) water purifiers. These RO-based water purifiers widely have been adopted because of their mechanism to remove dissolved solids along with contaminants with the help of a semi-permeable membrane, especially in areas with high TDS levels. UV purifiers work by using ultraviolet rays to kill bacteria and viruses. This makes the process of purification chemical-free, which is a reason health-conscious consumers always look for them. Gravity purifiers do not need electricity; therefore, they will make use of sedimentation and filtration to ensure impurities are removed. They are highly sought in areas where proper power supply is unavailable. UF water purifiers work similarly to RO but do not consume electricity; a hollow fiber membrane is used to filter out the bacteria and other bigger particles. Each of these technologies caters to different consumer needs and preferences, thus driving a diverse range of product offerings in the market.

  • By End-User

Water purifier market is segmented into an end-user segment, which consists of residential and commercial applications. Residential water purifiers are directly used in household application. The consumers have high regards regarding health and safety issues, and therefore, there is increased demand for effective purification solutions. The residential segment has shown immense growth with an increase in health-conscious families and raising awareness of water quality. On the other hand, there are commercial water purifiers for businesses, offices, restaurants, and institutions that require clean water in huge quantities. The buying decisions in the commercial segment are significantly influenced by volume needs, costs of maintenance, and compliance with health standards. Both segments are increasing in volume as consumers increasingly recognize the role of clean water in health and wellness.

  • By Distribution Channel

The water purifier market's distribution channel segment is essentially composed of online and offline retail. Online retail has become a highly popular choice among consumers, as it provides ample access to huge numbers of products, reviews, and comparisons from the comfort of their own homes. E-commerce sites and manufacturer websites provide easy access to advanced technologies of water purification with attractive discounts and offers. Offline retail remains an important channel, mainly where the consumer wants to see the product before purchasing. The sales proceedings of these sales can be consumed through physical stores such as appliance retailers and supermarkets by consulting with the sales personnel and asking them questions, and through detailed understanding of features. This multi-channel approach caters to the diverse purchasing preferences of consumers and further propels growth in the water purifier market.

 

Regional Analysis

In North America, the United States, and Canada, this market is bound by high consumer awareness regarding issues of water quality and health. With advance technologies such as reverse osmosis and UV purification dominating the market, consumers are increasingly opting for smart water purifiers featuring IoT capabilities for real-time monitoring and sustainability forming a supportive focus of market growth within the region.

The Asia-Pacific water purifier market is growing very fast due to rapid urbanization, an increase in population, and growing concerns over water quality. Countries such as India and China are experiencing rapid rises in demand for affordable and efficient solutions for purifying water due to an increase in health awareness and the government's initiatives related to access to clean water. The region can be characterised with a wide range of products, starting from gravity-based systems to high-end RO purifiers targeting different market segments. In contrast, in Europe, the market is influenced by more stringent legislations and increasing awareness in green practices. The consumers are shifting toward environment-oriented purification solutions and significantly prefer brands that have relevance in terms of sustainability in their environment. The Middle East and Africa offer unique opportunities for themselves, especially in regions where water scarcity exists-an area where the purifying technologies would be essential to ensure safe drinking water.

 

Competitive Landscape

Brita, Kent RO Systems, Culligan, and Eureka Forbes-at few companies maintained the major market share and capitalized on their large distribution and branding capacities and portfolios. Some of the robust research and development efforts across the world are targeted at the formulation of cutting-edge purification technologies-reverse osmosis, ultraviolet filtration, among others-and the usability focus-through features like instant monitoring and alerts about filtration. These are yet other factors that increase competition. Increased awareness concerning sustainability is making more companies formulate eco-friendly commodities and encourage the responsible use of water, thereby attracting the environmental conscious consumers.

Emerging players also form an integral part of this market as they generally limit their concentration to niche segments or novel solutions disrupting the conventional purification techniques for many years. Such companies are effortlessly leveraging e-commerce to export their products beyond these borders, thereby naturally competing with the giants in those regions. The other important aspect is price competition, where many brands have kept their products within budgets, which attracts price-conscious consumers, and this is very much found in emerging markets. In this industry, strategic partnerships, mergers, and acquisitions are common among companies looking to improve their capabilities, expand their geographical presence, and strengthen their competitive position.

 

List of Key Players:

  • 3M Purification
  • A.O. Smith Corporation
  • Aquatech International LLC
  • APEC Water Systems
  • Brita LP
  • Culligan International Company
  • Helen of Troy Limited
  • Honeywell International Inc.
  • iSpring Water Systems LLC
  • Kent RO Systems Ltd.
  • LG Electronics
  • Panasonic Corporation
  • Pentair Plc.
  • Unilever PLC
  • Whirlpool Corporation  

 

Recent Developments:

  • March 2024, Urban Company, a beauty and home services platform, announced a partnership with quick-commerce app Blinkit to deliver its newly launched water purifiers, Native M1 and M2, to customers. Urban Company stated that the water purifiers will be delivered within 30 minutes through Blinkit, with installation taking place within three hours. The quick-commerce service began delivering on Sunday in select areas of Delhi NCR, Mumbai, Bengaluru, Kolkata, and Hyderabad.
  • August 2024, Delhi NCR-based water purifier brand Livpure has raised a new round of funding totaling INR 233 crore (approximately $27.8 million) from London-based asset management firm M&G Investments and Ncubate Capital Partners. M&G Investments contributed INR 208 crore, while Ncubate Capital Ventures invested the remaining INR 25 crore (~USD 3 million).

 

Global Water Purifier Report Segmentation:

ATTRIBUTE

DETAILS

By Technology

  • RO Water Purifiers
  • UV Water Purifiers
  • Gravity-Based Water Purifiers
  • UF Water Purifiers

By End-User

  • Residential
  • Commercial

By Distribution Channel

  • Online Retail
  • Offline Retail

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Water Purifier size and forecast: To identify and estimate the market size for global Water Purifier market segmented By Product, By Technology, By End-User, By Distribution Channel, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Water Purifier
  • Market Influencing Factors: To find out the factors which are affecting the market of global Water Purifier among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Request For Table of Content

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Water Purifier forecast period is 2024 - 2032.
According to global Water Purifier research, the market is expected to grow at a CAGR of ~ 8.60% over the next eight years.
The possible segments in global Water Purifier are based on By Product, By Technology, By End-User, By Distribution Channel, & by region.
The expected market size for Global Water Purifier is USD 72.04 billion in 2032.
The major players in the market are 3M Purification, A.O. Smith Corporation, Aquatech International LLC, APEC Water Systems, Brita LP, Culligan International Company, Helen of Troy Limited, Honeywell International Inc., iSpring Water Systems LLC, Kent RO Systems Ltd., LG Electronics, Panasonic Corporation, Pentair Plc., Unilever PLC, and Whirlpool Corporation.
×

Avail PDF Sample Reports