Water Purifier Market to Record CAGR of 7.6% Over 2024-2032; Introduction of Advanced Technologies to Develop Smart Water Purification Systems to Spur Market Growth

The water purifier market size was valued at USD 32.65 billion in 2023 and is predicted to reach USD 35.01 billion in 2024. The market is anticipated to touch USD 62.88 billion by 2032, recording a CAGR of 7.6% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Water Purifier Market Size, Share & Industry Analysis, By Product Type (Point-of-use Filters {Under the Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters, and Others} and Point-of-entry Filters), By Category (RO Filters, UV Filters, Gravity Filters, and Others), By Application (Residential and Light Commercial), and Regional Forecast, 2024-2032”.

Water purifiers, as the term suggests, purify water by removing all the harmful chemicals and heavy metals from the raw water. They also eliminate harmful pathogens and microorganisms, thereby protecting customers from various water-borne diseases. Rising initiatives by governments and market players to spread awareness about the benefits of using water purification systems will accelerate the market’s growth.

The COVID-19 pandemic adversely impacted the water purifier market growth as many leading market players faced severe supply chain disruptions due to the shortage of critical raw materials. This factor also slowed the production of water filters.

Introduction of Advanced Technologies to Develop Smart Water Purification Systems to Spur Market Growth

Many leading market players are increasing their investments in a wide range of research and development programs to develop cutting-edge water filtration technologies. They are integrating these technologies into their products to enhance their efficiency while purifying contaminated water. Some of these technologies can even improve the nutritional value of the raw water by enriching it with important minerals. The increasing introduction of such smart purification systems will help the market grow at a commendable pace during the forecast period.

However, changing these filters can incur high maintenance costs, thereby hindering their demand among customers.

A.O. Smith Corporation Acquired Atlantic Filter to Boost Presence Across Florida

A.O. Smith Corporation announced that it had completed the acquisition of Atlantic Filter, a Florida-based water treatment company. This move is expected to help the company increase its presence across Florida and beyond.

Key Market Players to Execute Organic and Inorganic Business Strategies to Stay Ahead of Competition

The key players operating in the water purifier market are focusing on expanding their research and development activities to develop innovative and smart water purification technologies. They are also engaging in various organic and inorganic growth strategies, such as mergers, acquisitions, and launch of new products to stay ahead of the growing competition and cement their dominance in the market.

Notable Industry Development:

• November 2022 - Culligan International announced its merger with Waterlogic Group Holding to create ‘Culligan’, a leader in the development of sustainable and clean drinking water solutions.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/water-purifier-market-103118

List of the Companies Profiled in the Report:

• A. O. Smith Corporation (U.S.)
• Brita LP (U.S.)
• Pentair PLC (U.S.)
• Culligan International Company (U.S.)
• Unilever PLC (U.K.)
• Panasonic Corporation (Japan)
• LG Electronics (South Korea)
• Helen of Troy Limited (U.S.)
• Best Water Technology Group (Austria)
• Kent RO Systems Ltd. (India)
• iSpring Water Systems LLC (U.S.)
• The 3M Company (U.S.)
• Honeywell International Inc. (Switzerland)
• General Electric Company (U.S.)

Further Report Findings

• Asia Pacific dominated the global water purifier market share as the region is seeing an appreciable rise in the disposable income of its population. Customers have started spending more on innovative water purification systems to help them gain access to clean and safe drinking water and lead a healthier lifestyle.
• Europe is also showcasing a promising growth due to the presence of a lucrative and vast draft alcoholic beverage manufacturing industry. This industry uses water purifiers on a large scale to use clean water while manufacturing alcoholic beverages, which will further improve the regional market’s growth.
• Based on application, the residential segment held the largest market share in 2023 as water purification systems find widespread usage in residential applications, such as cooking, bathing, and washing.

Table of Segmentation