The Business Research Company’s Water Purifiers Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, March 26, 2021 /EINPresswire.com/ — Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports
According to water purification market research, the scarcity of safe water is contributing to the growth of the water filters market. According to the United States National Ocean Service, about 97.0% of the water on earth is salt water and the remaining 3.0% is available in the form of ice, vapor, groundwater, and freshwater sources. Factors such as growing industrialization, urbanization, and increase in population is polluting water with harmful contaminants. Contaminants in water can be found in the form of disinfection by products, solvents and pesticides, arsenic, and others. Also, depleting water sources further adds to the safe water crisis across the globe. Water has to be treated or purified before using, and this is done by the water purifiers. According to the World Health Organization’s annual report that was published in June 2019, about 2 million people worldwide are drinking water that is contaminated with fecal matter. Therefore, the rise in the scarcity of safe water is expected to boost the demand for water purifiers over the forthcoming years.
The water purifiers market covered in this report is segmented by technology type into RO water purifier, UV water purifier, gravity-based water purifier, by end-user into industrial, commercial, household, by distribution channel into retail stores, direct sales, online, by portability into portable, non-portable, and by device type into wall mounted, countertop, tabletop, faucet-mounted, under-the-sink (UTS).
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The global water purifiers market is expected grow from $33.77 billion in 2020 to $37.55 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The water purifiers market is expected to reach $50.16 billion in 2025 at a CAGR of 8%. The regions with water purifiers market shares covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major players covered in the global water purification industry are Xiaomi, Livpure, LG Electronics, Unilever N.V, Panasonic Corporation, Kinetico Inc, Aquatech International LLC, GE Appliances, A.O. Smith Corporation, and Whirlpool Corporation.
Water Purifiers Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides water purifiers market overview, forecast water purifiers market size and growth for the whole market, water purifiers market segments, and geographies, water purifiers market trends, water purifiers market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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