The water purifier in a simpler term is defined as a device used to decontaminate the water from harmful substances, chemicals, pathogens, microorganisms, and other dissolved solids and to make it portable. A recent addition to a database- titled "Global Water Purifier Market Outlook, 2026" provides an in-depth insight of the market size by value and volume, analyzes the trends on factors like by types (Counter Top, Under Sink, Faucet Mount), by technology (RO, UV, Gravity Based, and Others) by Sales Channel (Online and Offline) by Region and by country.
According to the recent reports of the United Nations and the World Health Organization, every 21 seconds, a child dies annually in developing countries due to waterborne diseases caused by contaminated water drinking. This is even worse in the developing economies due to scarcity of freshwater, rapid surge in population, and rise in pollution. The diminishing quality of water is a serious health hazard globally which has given a rise in the demand for water purifiers. This is to aid the market to reach a value of more than USD 65 Billion by the end of the year 2026, while in terms of volume it is expected to grow with an anticipated CAGR of less than 10%.
Earlier, water purification only included boiling it that too specifically during the rains, to prevent any contamination. With increasing R&D, new innovations have occurred in the water purifiers and along with newer pollutants in the water body, the market is now full of choices. Some of these pollutants comprise heavy metals like zinc, lead, nickel, copper, cobalt, magnesium, cadmium, chromium, or molybdenum can cause kidney stones or blood disorders, and simply boiling the water is not the most effective solution. The purchase decision of the water purifier depends on the metal contaminants in the water and the hardness level. Considering the fact RO water purifiers are safe, cost-effective, and easy to maintain, the segment held nearly half of the market share. Even though it is the most effective purifier, requires electricity and a lot of produces a lot of wastewater, making it a questionable choice in extreme rural regions. On the other hand, the UV water purifier scores point being able to work with low electricity consumption and low maintenance cost too. The UV water purifier segment is expected to grow with an anticipated growth of 11.47%, which is yet the lowest among the type of purifiers classified on technology.
While the rural population considers the water purifier as equipment to aid them with better quality drinking water, the urban population wants to ensure that it fits well within their kitchen decor and adds up elegance. This has given a hike in the under sink purifier segment, which in 2015 was at USD 15.29 Billion. By the end of the forecasted period, the faucet water purifier type is expected to hold a share of nearly 20% in the market for the same reason. On top of it, the faucet type purifier can be an advantage in extreme rural regions as there might be one or two common water taps among few houses, and the use of such purifiers would allow them to enjoy quick access to safe drinking water cost-effectively.
Source: Research and Markets
To read the full article: https://www.globenewswire.com/news-release/2021/10/26/2320861/28124/en/Outlook-on-the-Water-Purifier-Global-Market-to-2026-by-Product-Type-Technology-Sales-Channel-and-Region.html