Water Purifier/Filter Market Size (2024 - 2029)

The water purifier/filter market is poised for significant expansion, driven by increasing awareness of waterborne diseases and technological advancements. Despite the negative impact of the Covid-19 pandemic, which disrupted manufacturing and reduced demand, the market is expected to recover and grow. The rise in urbanization and industrialization has led to increased water pollution, highlighting the need for effective water treatment solutions. This growing demand presents substantial opportunities for market participants, although high costs associated with equipment and maintenance may pose challenges.

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Market Size of Water Purifier/Filter Industry

Water Purifier/Filter Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
CAGR 7.50 %
Fastest Growing Market North America
Largest Market Asia-Pacific
Market Concentration High

Major Players

Water Purifier/Filter Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Water Filter Market Analysis

The Global Water Purifier/Filter Market is expected to grow at a CAGR of greater than 7.5% during the forecasted period.

Due to the outbreak of the Covid-19 pandemic, the Global Water Purifier Market has seen a negative impact owing to the lockdowns imposed in several countries worldwide. These lockdowns temporarily halted the manufacturing of water purifiers. The manufacturing companies faced challenges due to decreased product demand and interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses were not allowed to operate, which has negatively impacted the demand for water purifiers.

Various factors, such as growing awareness about water-borne diseases and technological advancements in water purifiers mainly drive the water purifier market. High equipment and maintenance costs may restrain the growth of the water purifier market. UV water purifiers and AI-based water purification systems are the latest trends in the market. Waterborne diseases like cholera, diarrhoea, typhoid, lead poisoning, and intestinal worms are caused by contaminated drinking water. Rising urbanization and industrialization have resulted in the pollution of water bodies. Chemical and power plants worldwide release hazardous and toxic materials into ponds, rivers, lakes, reservoirs, and other water bodies. The contaminated water then enters other larger water bodies, which are sources of drinking water. Waterborne diseases are caused due to the presence of heavy metals such as lead, zinc, copper, cadmium, nickel, magnesium, molybdenum, and cobalt. Thus, the importance of water treatment solutions has increased, which provides a massive growth opportunity for vendors operating in the water purifiers and filter market.

Water Filter Industry Segmentation

Water purifiers are the devices used to purify water from biological contaminants, toxins, harmful chemicals & gases, and other impurities such as solid particles so that it can be safe for drinking. It also decreases the level of hazardous pollutants in it and makes it suitable for industries before releasing it into the water bodies. Water purifiers are crucial for eliminating water-borne vectors, infection-causing bacteria, and toxins. Having access to safe drinking water is essential to maintain proper health. The bleeding-edge technologies of water purifiers are designed to make drinking water equitable from sustainable options.

The Global Water Purifier/Filter Market is segmented by By Technology (UV, RO, Carbon Filtration, and Others), By End-User (Industrial, Commercial, and Residential), By Distribution Channel (Retail Stores, Direct Sales, and Online), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report offers Market size and forecasts for the Global Water Purifier/Filter Market Market in value (USD Million) for all the above segments.

By Technology
UV
RO
Carbon Filtration
Others
By End-User
Industrial
Commercial
Residential
By Distribution Channel
Retail Stores
Direct Sales
Online
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Water Purifier/Filter Market Size Summary

The Global Water Purifier/Filter Market is poised for significant growth, driven by increasing awareness of waterborne diseases and technological advancements in purification systems. The market experienced a temporary setback due to the Covid-19 pandemic, which disrupted manufacturing and reduced demand. However, the rising incidence of waterborne diseases, exacerbated by urbanization and industrial pollution, underscores the critical need for effective water treatment solutions. This demand is further fueled by the scarcity of safe drinking water, particularly in water-stressed regions, where contaminated sources pose severe health risks. Innovations such as UV and AI-based purification systems are gaining traction, offering substantial growth opportunities for market players.

The Asia Pacific region holds the largest share of the global water purifier market, with China and Japan leading the charge. The region's growth is attributed to heightened awareness of the health risks associated with impure water and government initiatives promoting water safety. The market is characterized by consolidation, with major companies like A.O. Smith Corporation, Eureka Forbes, and Suez Water Technologies holding significant market shares. Strategic acquisitions, such as A.O. Smith's purchase of Atlantic Filter Corporation, highlight the industry's focus on expanding capabilities and delivering innovative water treatment solutions. As technology advances, manufacturers are introducing sophisticated systems like reverse osmosis and UV purifiers to cater to a broader consumer base.

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Water Purifier/Filter Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Insights of Technology Innovations in the Market

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Technology

      1. 2.1.1 UV

      2. 2.1.2 RO

      3. 2.1.3 Carbon Filtration

      4. 2.1.4 Others

    2. 2.2 By End-User

      1. 2.2.1 Industrial

      2. 2.2.2 Commercial

      3. 2.2.3 Residential

    3. 2.3 By Distribution Channel

      1. 2.3.1 Retail Stores

      2. 2.3.2 Direct Sales

      3. 2.3.3 Online

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

Water Purifier/Filter Market Size FAQs

The Water Purifier/Filter Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

A.O. Smith Corporation, Eureka Forbes, Panasonic, Suez Water Technologies and Solution and Kent RO System Ltd are the major companies operating in the Water Purifier/Filter Market.

Water Purifier/Filter Report Snapshots

Water Purifier/Filter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)