According
to a new market report published by Transparency Market Research entitled “Water Purifier Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2023,” the global water purifier market is
expected to reach a value of US$95.57 bn by 2023. The market is estimated to
expand at a CAGR of 9.0% during the forecast period from 2015 to 2023. The
increasing scarcity of fresh water resources, rapid population growth, aging
water infrastructure, need for water reuse and recycling in water intensive
industries, increasing consumer awareness about drinking water quality, and
expanding commercial and residential construction activities are the key factors
driving the growth of water purifier market, globally.
Browse the full Report at http://www.transparencymarketresearch.com/water-purifier-market.html
Asia Pacific was the largest geographical segment of the
water purifier market in 2014 with about one-third of the share of the total
market. The increasing population growth, coupled with the rapid pace of
industrialization and agricultural development are the primary drivers of
growth for water purifiers in Asia Pacific. Demand in this region is also
supported by increasing awareness among the rural population regarding
cost-effective water purifiers. Moreover, water regulation initiatives taken in
in countries such as India and China have also intensified the demand for water
purifiers, mainly in the household and industrial end-use sectors.
The
RO purifier segment occupied a major share of the water purifier market by
technology in 2014. The RO purifiers use a semipermeable membrane to remove
larger contaminants from water, specifically in households and industrial
settings. Seawater and brackish water desalination processes form the major use
for RO membranes. The RO purifier segment is anticipated to grow the fastest,
with an expected CAGR of 10.1% during the forecast period due to their high
efficiency in water purification.
Get More Information:
The
household end-user segment acquired the majority share of the water purifier
market, accounting for the majority of the water purifier market in the year
2014. It is also the fastest-growing segment, projected to expand at a CAGR of
10.6% from 2015 to 2023. Rising health concerns related to water contamination
among consumers, especially in rural areas, has led to high adoption of water
purifiers among household end-users.
Leading water
purifier manufacturers in 2014 include Tata Chemicals Ltd., Pentair Residential
Filtration, LLC (EVERPURE), GE Corporation (Water), Eureka Forbes, Kent RO
Systems Ltd, Aquatech International, Aquasana, Inc., Culligan International
Company, Brita GmbH, and Kaz USA, Inc.
No comments:
Post a Comment