The global water purifier market size was USD 22.85 billion in 2021. The market is projected to grow from USD 30.62 billion in 2022 to USD 50.66 billion by 2029,
The water purifier industry is expected to continue to grow in the future, driven by increasing concerns about water quality and a growing awareness of the health benefits of drinking clean and purified water. Here are a few trends and developments that are expected to shape the future of the water purifier industry:
- Increased Focus on Health and Wellness: As people become more conscious of their health and wellness, there will be a growing demand for high-quality water purifiers that remove contaminants and provide clean, safe, and healthy drinking water.
- Advancements in Technology: The water purifier industry is expected to see continued technological advancements, such as the development of new filtration materials and methods, and the integration of smart technology into water purifier systems.
- Growing Demand for Portable and Convenient Solutions: The demand for portable and convenient water purifier solutions is expected to grow, as people seek to have access to clean and safe drinking water while on the go.
- Increased Awareness of Environmental Issues: The increasing awareness of environmental issues and the need for sustainable solutions is expected to drive the development of more eco-friendly water purifier systems that use renewable energy sources and have a lower environmental impact.
- Integration with Smart Homes: The integration of water purifiers with smart home systems is expected to become more widespread in the future, allowing users to monitor and control their water purification systems from their smartphones or other smart devices.
- In conclusion, the water purifier industry is poised for continued growth and innovation in the future, driven by the need for clean and safe drinking water, the increasing focus on health and wellness, and advancements in technology.
Consumer Consciousness about Clean Drinking Water to Affirmatively Spur
While the complete U.S. was not under strict lockdown guidelines amid the pandemic, various areas in this country had restrained the mobility of people and transportation of materials. As the water purification industry is a labor-based one, the pandemic led to an adverse supply chain disturbance. As numerous companies import filters from the Asian countries, an insufficiency of material, coupled with an absence of manpower owing to health problems was observed across the country. Numerous companies were not able to accomplish the prevailing orders in time on account of logistic disappointments.
The report offers a rounded review of the U.S. water purifier market share, size, and growth factors combined with present trends and upcoming predictions to inaugurate nearby investment gains. An extensive review of any impending prospects, pressures, rivals or fueling factors is also mentioned in the report. The COVID-19 influences have been added to the report to assist investors and entrepreneurs to comprehend the jeopardies better. The prime companies operating in the market are acknowledged, and their approaches to boost the market growth are disclosed in the report.
Based on product type, the market is segmented into point-of-use filters and point-of-entry filters.
On the basis of category, the market is segmented as RO filter, UV filter, Gravity filter, and others. All these categories are traded in offline and online distribution channels in the U.S. Among these, in 2021, RO filters held majority share in the market.
The market is bifurcated as residential and commercial based on application.
Based on the distribution channel, the market is segmented as offline stores and online stores.