water purifier market

Water Purifier Market to Worth USD 50.66 Billion by (2022-2029) | Water Purifier Industry CAGR of 7.5%

Water Purifier Market to Worth USD 50.66 Billion by (2022-2029) | Water Purifier Industry CAGR of 7.5%

The water purifier market size was valued at USD 22.85 billion in 2021. The market is estimated to rise from USD 30.62 billion in 2022 to USD 50.66 billion by 2029 at a 7.5% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Water Purifier Market, 2022-2029.” According to the analysis, commercial and residential sectors are likely to be the major recipients of water purification technology. Industry players expect RO and UV filters to be sought-after across end-use applications. For instance, in September 2021, A.O. Smith rolled out an under-the-counter water treatment unit with UV plus silver activated post-carbon technology in India.

Water Purifier Market to Reach $92.1 Billion, Globally, by 2031 at 10.1% CAGR: Allied Market Research

Water Purifier Market to Reach $92.1 Billion, Globally, by 2031 at 10.1% CAGR: Allied Market Research

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.