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Water Purifier Market Size
- Report ID: GMI8023
- Published Date: Feb 2024
- Report Format: PDF
Water Purifier Market Size
Water Purifier Market was valued at USD 43 billion in 2023 and is anticipated to register a CAGR of over 7.5% between 2024 & 2032. The market has experienced significant growth in recent years as awareness regarding water quality and its impact on health has risen globally. With increasing concerns about contaminants, pollutants, and waterborne diseases, consumers are actively seeking reliable solutions to ensure access to clean and safe drinking water. The market has witnessed a surge in technological advancements, leading to the development of innovative water purification systems equipped with advanced filtration technologies such as reverse osmosis, UV purification, and activated carbon filtration.
As awareness about the detrimental effects of impurities in water on human health grows, consumers are increasingly prioritizing access to clean and purified water. According to the UN and the WHO, a child and approximately 3.5 million people die in every 21 seconds annually, in developing countries due to waterborne diseases caused by drinking contaminated water. Moreover, the surge in disposable incomes has empowered individuals to invest in advanced water purification systems, seeking a higher quality of life for themselves and their families. The market is also driven by the escalating awareness campaigns highlighting the importance of consuming purified water. Concurrently, the upswing in industrial activities has contributed to heightened pollution levels, highlighting the necessity for robust water purification solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Water Purifier Market Size in 2023: | USD 43 billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 7.5% |
| 2024 – 2032 Value Projection: | USD 83 billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 310 |
| Tables, Charts & Figures: | 295 |
| Segments covered: | Product type, technology, capacity, price, application, distribution channel, and region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One prominent restraint in the water purifier market is the high maintenance cost associated with these systems. While water purifiers are essential for ensuring access to clean and safe drinking water, the upkeep and maintenance expenses can be a significant deterrent for potential consumers. The need for periodic filter replacements, servicing, and other maintenance tasks can add up over time, making the overall cost of ownership relatively high.
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Water Purifier Market Scope
