The water purifiers market has grown considerably in recent years due to the awareness of a healthier life. The shortage of drinking water has led national governments to provide clean drinking water to the population. This has driven the demand for water purifiers around the world. In addition, the growth of industrialization in several regional zones has caused the contamination of bodies of water, thus depleting freshwater resources. Pure drinking water is the essential element of a healthy lifestyle, but current innovation makes it impossible to find clean water from available sources. Therefore, it is absolutely necessary to have water purification systems in homes, industries, business units, and all other establishments. For this reason, the market is experiencing unprecedented demand from around the world. Diseases such as cholera, typhoid fever, and pneumonia are due to the consumption of polluted and impure water. To reduce the amount of these diseases, it is important to have water purification systems.
What is the size of the global water purifiers market?
The size of the Global Water Purifiers Market stood at USD 8310 Million in 2013 and USD 10550 Million in 2016 and our analysts predicted this market will grow at a CAGR of 8.28 percent during 2018 to 2023.
Key factors driving the growth for global water purifiers market are:
The main drivers of growth in the global water purifiers market include increasing levels of disposable income for customers, increasing number of water-borne diseases, industrial development that leads to water pollution and growing concerns about health. However, the growing demand for bottled drinking water is a limiting factor that hinders the growth to some extent. Low market penetration in rural areas is one of the main challenges faced by stakeholders due to lack of awareness about health and sanitation. — Research Cosmos