A water purifier is a sophisticated technology that cleans water by eliminating undesirable and dangerous chemicals. They efficiently remove suspended particles, unwanted materials, chemicals, and gases from water. Gravity purifiers, RO purifiers, UV purifiers, sediment filters, and water softeners are the many types. Water pollution has increased owing to many environmental issues such as industrialization all over the world, increasing the demand for water purifiers. There are several types of water purifiers available, including wall-mounted, tabletop, countertop, and faucet-mounted models. They are widely employed in industrial, commercial, and residential applications.
The worldwide water purifier market is predicted to be worth US$ 78,939.1 billion in 2021, with a CAGR of 8.4 percent during the forecast period (2021-2028).
The growing concern about water safety is projected to fuel the expansion of the water purifier industry. According to the WHO, eight billion people consume feces-contaminated water, and around 502,000 people die from diarrhea. For this reason, government agencies are taking a variety of initiatives to address these concerns. As a result, increased concern about water safety is projected to benefit the water purifier industry.
The market is growing due to the increasing usage of improved technologies for water purification systems to ensure the effective removal of contaminants from water. Acoustic nanotube technology, drinkable products, photocatalytic water purification technology, water filtration using nanotechnology, euglena biofiltration system, solar spring system, sunlight, and high tech materials are some of the most recent advancements in water purification technology.
Rising disposable income has improved consumer purchasing power, which is likely to enhance demand for water purifiers. Improving living standards, increased concern about water safety in developing nations, and an increase in health-conscious individuals throughout the world are all projected to fuel the growth of the water purifier market.