APAC to Account for 74% Global Water Purifiers Sales by 2026
Increasing industrialization, rapid urbanization,
deteriorating water quality, rising scarcity of fresh water resources to drive
global water purifiers market through 2026
According to TechSci Research
report, “Global Water Purifiers Market
By Technology, By Region,
Competition Forecast & Opportunities, 2012 – 2026”, the global water purifiers market is projected to grow at a CAGR of over 10% during 2017-2026
on account of rising number of water borne diseases, unmonitored
discharge of waste into water bodies and surging demand for efficient water purification
technologies. Moreover, the need for reclamation of water resources, up swinging climatic variation are
also likely to escalate demand for water purifiers through 2026. Augmenting demand for clean and safe
water owing to shortage of quality water. According to the UN World Water
Development Report 2017, 80% of the wastewater generated across the globe is
released to the environment without treatment. In 2014, Noble Purification Inc. launched the “Euglena
Biofiltration System”, to absorb pollutants from water such as minerals, heavy metals, and phosphorus.
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spread through 196 Pages and an in-depth TOC on "Global Water Purifiers Market"
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Membrane based water purification technology captured a
dominating share in global water purifiers market in 2016 and is anticipated to
lead the market through 2026 on the grounds of efficient
removal of bacteria, viruses, suspended solids, proteins, starch, etc., and low
energy requirements. The second largest share was held by media technology in
the indicated year in the market, followed by UV technology; however, their
shares are expected to decline during the forecast period. The
fastest growth in demand for water purifiers is predicted to be exhibited by Asia-Pacific
region across the globe during 2017-2026. Some of the leading
players operating in the
market include Foshan Shunde Midea Water Dispenser Manufacture Company Ltd
(China), Coway Co. Ltd. (Korea), Unilever PLC (UK), Eureka Forbes Ltd
(India), Kent RO Systems Ltd., etc.
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“Expanding
industrial sector, increasing disposable income, growing awareness pertaining
to substandard quality of water, and escalating demand for efficient water
purification technologies are estimated to propel the global water purifiers
market over the course of next nine years. Additionally, rising levels of water
pollution and implementation of rigorous marketing strategies by the companies
are further expected to fuel the market. Moreover, increasing consumer base in Asia-Pacific
is expected to help in achieving double digit growth in the market.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global
Water Purifiers Market By Technology,
By Region, Competition Forecast & Opportunities, 2012 – 2026” has evaluated the future
growth potential of global water purifiers market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities in global water purifiers market.
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