Deteriorating ground and surface water quality coupled with rising health concerns to drive global water purifiers market through 2025.
According to TechSci Research report, “Global POE Water Purifiers Market By Type (Activated Carbon, Mechanical Filter, and Others), By Application (Residential, Commercial), By Sales Channel (Direct, Distributor), By Region, Competition, Forecast & Opportunities, 2015 – 2025”,globalPOE water purifiers market stood at USD 17.5billion in 2019 and is forecast to grow at a CAGR of 11.72% during 2020-2025 to reach USD 31billion by 2025. Growing awareness pertaining to substandard water quality and growing incidents of water borne diseases are the factors influencing the demand of efficient water purification technologies. Besides, man-made activities including marine dumping of waste, discharge of municipal waste, mining, and rapid urbanization are leading to water pollution, which contaminates water to the poorest of quality and emerges a need to adopt POE water purifiers for enhanced quality of drinking water.
Rising heath concerns related to water among the consumers is a major driver propelling the growth of the global POE water purifiers market. Contaminated water is an appalling problem which is leading the world to the path of destruction. If consumed, it can cause various water-borne diseases such as cholera, diarrhoea, dysentery, hepatitis A, typhoid and polio. Presence of disease-causing or pathogenic microorganisms makes water unsuitable for human consumption, thereby exposing the individuals to health risk. According to the WHO, contaminated drinking water causes around 485,000 diarrhoeal deaths every year. Thus, the increasing concerns regarding waterborne diseases and associated heath issues among consumers is steering demand for POE water purifiers, globally.
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Global POE water purifiers market can be segregated based on type, application and sales channel. In terms of type, others segment acquired more than two-third share of the market in 2019. Rising demand for efficient water purification systems is making the manufacturing companies to deploy more than one water purification technology in one equipment for enhanced water purification. Various companies such as OptiPure provide combination purification systems which find application in food & beverage industry. For instance, RO + UV + UF combination systems are popularly sold by various water purification companies, such as Kent, Eureka Forbes, etc. Water in these systems initially passes through RO membrane for primary purification process, followed by secondary purification process through UV and UF membranes, thereby removing harmful microorganisms. Additionally, POE water systems use assembly of filters or combination of cartridges such as sediment water filters or activated carbon water filters in combination with RO or UF membrane to improve TDS levels in order to preserve the natural minerals in the water.
In terms of sales channels, the largest market share has been occupied by the distributor segment owing to the purchase of POE water purifiers through distribution channels mainly. In terms of region, Asia-Pacific region is dominating the global POE water purifiers market due to rising number of government initiatives to provide safe accessibility to clean water sources to a large population. In 2019, APAC region accounted for around 64% of the market share, which is expected to reach around 69% by 2025.
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“Asia-Pacific region generates the highest demand for POE water purifiers in the world. The region is also projected to exhibit the fastest growth in the global POE water purifiers market. The growth of the market is buoyed by robust industrialization, leading to unmonitored discharge of waste into water bodies leading to water pollution, and hence deteriorating quality of water. Additionally, increasing water scarcity is augmenting the need to recycle and reuse water.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global POE Water Purifiers Market By Type (Activated Carbon, Mechanical Filter, and Others), By Application (Residential, Commercial), By Sales Channel (Direct, Distributor), By Region, Competition, Forecast & Opportunities, 2015 – 2025” has evaluated the future growth potential of global POE water purifiers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in global POE water purifiers market.
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