Residential Water Purifier Market size is set to grow by USD 11,683.28 mn from 2023-2027, Growing demand for premium products to boost the market - Technavio
NEW YORK, May 26, 2023 /PRNewswire/ -- The global residential water purifier market size is estimated to grow by USD 11,683.28 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.92% and the growth momentum will progress during the forecast period. APAC is estimated to account for 77% of the global market growth. New product launches, enhanced marketing and promotional efforts, and expansion of distribution networks are some of the factors that drive the market growth. Moreover, increasing urbanization and rapid industrialization reduce drinking water quality in larger economies such as India, China, and Indonesia. Low-income consumers are opting for gravity-based home water purifiers, while high-income (HNI) consumers are investing in RO and UV water purifiers. Hence, middle-class consumers relying on domestic water filters as a source of pure drinking water in larger nations drive market growth in the region. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
Residential Water Purifier Market - Segmentation Assessment
Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report
Residential Water Purifier Market – Market Dynamics
Leading trends influencing the market
Major challenges hindering the market growth
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
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The laboratory water purifier market size is expected to increase by USD 9.74 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.22%. Furthermore, this report extensively covers laboratory water purifier market segmentation by product (type II, type I, and type III), end-user (healthcare, research organizations, institutes, and others), and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The implementation of innovative technologies and new product launches is one of the key factors driving the global laboratory water purifier market growth.
The portable water purifier market size is expected to increase by USD 149.39 million from 2021 to 2026, at a CAGR of 10.1%. Furthermore, this report extensively covers portable water purifier market segmentation by distribution channel (offline and online), application (outdoor adventure, tourism and leisure, military, emergency rescue, and others), product (extrusion water purifier, pump water purifier, suction water purifier, and UV pen purifier), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The deteriorating quality of water resources leading to water-related diseases is one of the key drivers supporting the portable water purifier market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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SOURCE Infiniti Research, Inc.
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