Increase in disposable income, demand for water purification systems, and rise in concerns toward health and well-being among the global population drive the growth of the global water purifier market. Allied Market Research published a report, titled, "Water purifier Market by Technology (Uv, Ro, Gravity Based), by End User (Commercial, Residential), by Distribution Channel (Retail Stores, Direct Sales, Online), by Portability (Portable, Non Portable): Global Opportunity Analysis and Industry Forecast, 2020-2031". According to the report, the global water purifier industry generated $29.9 billion in 2020, and is anticipated to generate $92.1 billion by 2031, witnessing a CAGR of 10.1% from 2022 to 2031.
A Water Waste Management Solution Company Tackling a “Decades-old” Problem
The adoption of water treatment technologies has drastically increased as efforts to preserve and protect the planet have risen to all-time highs. In a word, water treatment technologies are crucial when it comes to eliminating contaminants and bacteria from clean, potable water supplies. As such, wastewater treatments are to remove as many contaminants as possible before the rest of the water is sent back into the environment.
World Water Day 2021 highlights dire predictions of growing scarcity
About four billion people experience severe water shortages for at least one month a year, and around 1.6 billion — almost a quarter of the world's population — have problems accessing a clean, safe water supply, according to the United Nations. While the UN's sustainable development goals call for water and sanitation for all by 2030, the international organization says scarcity is increasing and more than half the people on Earth will be living in water-stressed regions by 2050.