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Base Year: 2023
Companies covered: 14
Tables & Figures: 428
Countries covered: 23
Pages: 145
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Water Purification Systems Market
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Water Purification Systems Market Size
The global water purification systems market size was valued at USD 53.8 billion in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2032. The need for advanced water treatment technology has skyrocketed and so has the need for pure drinking water. This has in turn caused the market to grow.
Due to the increased focus in the global market on health and wellness, clean water is in high demand and people feel the need to purchase it, given the growing concerns surrounding waterborne diseases and ensuring the importance of using clean water , there has been a growing trend of water purification systems being adopted in households as well as businesses. Given the rapid growth of urban areas, it is clear to see how modern water infrastructure is not able to keep up with demand.
One major barrier to advancement is the acute cost associated with advanced purification technologies. Investment in reverse osmosis, ultraviolet disinfection, and oxidation technologies, both at residential and commercial levels can be an uphill task. Such a high upfront investment can serve as a deterrent in the gradual wider integration of technologies. This is especially common in areas that are comparatively lower on the economic scale.
Asides from that, Regulatory and compliance are also important challenge. Different regions have different guidelines and laws that govern the water purification industry which are usually stringent. It can be complex and costly for companies working under two or more regions to understand and operate within those frameworks.
Water Purification Systems Market Trends
There has been a growing trend towards POU (Point of use) water purification systems like countertop units and under-sink filters, which limits the extra effort required to ensure clean tap water. This coincides well with the push towards enhanced water quality, which consumers actively seek for their homes. This trend is also dictated by the increased understanding of the health benefits held within purified water, which is gaining more attention with every year thanks to ever more aware consumers. Water Purification Systems are also being designed whilst keeping in mind environmental sustainability.
Such systems have an increasingly growing focus on the use of clean technologies which can help in the reduction of waste generation and energy demands. As an example, advancements geared towards.. The market is also being shaped by improvement in the filtration technologies. The filtration techniques that are under review include: nanofiltration and combined technologies consisting of advanced oxidation systems in addition to nanofiltration.
Water Purification Systems Market Analysis
Based on product, the market is divided into POE-POU systems, filters, portable purifiers, central water purification systems, others. In 2023, filters held the dominant market of USD 22.1 billion and is expected to reach USD 40.9 billion by 2032. Filters serve multiple purposes, whether on a household, commercial or industrial level. They are pivotal in enhancing water quality by eliminating impurities like sediment, chlorine or heavy metals.
The rising concern for water borne diseases and contamination of various kinds like chlorine, lead or even bacteria have propelled the use of POE and POU system. POE systems treat the water on entering the building while POU systems cater to the requirements of individual water outlets. The increase in outdoor activities such as travelling, camping and hiking has increased the need for portable water purifiers. These purifiers are critical in making drinking water safe in underdeveloped and rural areas.
Based on technology, the water purification systems market is categorized into reverse osmosis, activated carbon filtration, ultraviolet (UV) purification, distillation, ion exchange, others. In 2023, active carbon technology held the dominant market share of 36% and is anticipated to grow through the years. Moreover, Industrialization and urbanization have also contributed significantly towards the pollution of water bodies which puts even more pressure towards developing new and advanced filtration systems. These systems in turn can help towards providing safe water for consumption.
History data circulated shows that the North America water purification systems market was around USD 14.2 billion in 2023 with a projection to reach USD 25.7 billion in 2032. The government in both the US and Canada have to comply with the regulations set by the EPA and other such bodies Levin and Paul explain that these regulations help ensure that there are consistent treatable levels of water to ensure the people are safe and ensure regular testing. This paves the way for more compliance technology.
The U.S. water purification systems market is projected to register a 5.9% CAGR during the forecasted period. The numerous instances which include the water breach and loose leads as well as constituents water supply pollution have made people wide eyed over the water quality. These significant concerns help boost the demand for new engaging systems.
The systems held a good regard in the German market within the European market. Germany enforces the German Drinking Water Ordinance, which ensures people have access too clean water and prohibiting the presence of specific chemicals. This requires the investment in new high end purifier technologies which conform to the set standards.
It is projected that China would have the highest growth of 7.7 percent in the region. The pace of urbanization has China’s population in cities becoming denser which in turn means there is need for more extensive water purification systems. Urban areas are also challenged with water pollution and contamination issues, and there is a need for advanced purification systems that guarantee safety and reliability of water supply.
Water Purification Systems Market Share
The global market appears to be consolidated owing to the presence of both local and multinational companies. In 2023, the market players such 3M Company, Aquatech International LLC, Calgon Carbon Corporation, Culligan International Company, Danaher Corporation, Ecolab Inc., GE Water & Process Technologies, H2O Innovation Inc. held approximately 5-10% market share.
One distinct category of organizations includes the discussed above that include skilled personnel and are currently concentrating on deploying business strategies that entail the use of mergers and acquisitions, setting up new facilities as well as collaborating with other organizations.
Water Purification Systems Market Companies
Major players operating in the water purification systems industry are:
Water Purification Systems Industry News
The water purification systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Million Units) from 2021 to 2032, for the following segments:
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Market, By Product
Market, By Technology
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries: