United States Water Purifier Market to Grow at 6% CAGR until 2020
Rising water contamination coupled with increasing urbanization and health awareness amongst consumers is driving United States water purifiers market
In majority of the US households, the water supplied is from public water utility systems. It was estimated by US EPA (United States Environmental Protection Agency) that more than 20% of these public water utility systems violated the Safe Drinking Water Act in 2011. Consequently, growing concerns associated with delivering clean drinking water has been driving the water purifiers marketin the US over the last five years. According to TechSci Research report “United States Water Purifier Market Forecast and Opportunities, 2020”, water purifier sales in the US are projected to grow at a CAGR of 6.4% during 2015-20.
Water purifiers are segmented into UV, RO and carbon based water purifiers. On account of easy installation coupled with lowest price, the consumers are more inclined towards faucet mounted filters. However, the water privatization and increasing industrial disposal are paving way for RO and UV water purifier segment. However, the carbon based water purifiers is estimated to register fastest CAGR in value as well as volume terms. On the other hand, growing demand for RO technology deployed water purifiers is paving way for the growth across under sink water purifiers segment.
Households across various regions in the US experience high water hardness and contamination issues. For instance, the country’s Midwest region accounts for majority of the water purifier sales on account of highest hardness level, followed by the Western and Midwest regions. Additionally, increasing awareness about harmful effects of bottled water on environment is affecting the sales of bottled water, and thereby, augmenting the demand for water purifiers in the US.
“United States Water Purifier Market Forecast and Opportunities, 2020” has evaluated the future growth potential of United States Water Purifier Market and provides statistics and information on market structure, industry behaviour and trends. The report includes water purifier’s market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in water purifier market in the United States.