Residential Water Purifier Market Trends and Size 2024

1. Downloaded from: justpaste.it/5prf8 Residential Water Purifier Market Growth, News and Size 2024 The residential water purifier market size has the potential to grow by USD 8.14 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get FREE Sample: https://www.technavio.com/talk-to-us? report=IRTNTR44757&type=sample&rfs=epd&src=report This report provides a detailed analysis of the market by product (multiple technology-based water purifier, RO water purifier, gravity-based water purifier, and UV water purifier), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Amway Corp., Eureka Forbes Ltd., Haier Smart Home Co. Ltd., Honeywell International Inc., KENT RO Systems Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Unilever Group, and Whirlpool Corp. Market Competitive Analysis The market is fragmented with companies focusing on offering innovative products such as multiple technology- based water purifier, RO water purifier, gravity-based water purifier, and UV water purifier. Amway Corp., Eureka Forbes Ltd., and Haier Smart Home Co. Ltd. are some of the major market participants. Although the product innovations with a focus on technological advancements will offer immense growth opportunities, the easy availability of packaged drinking water will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this residential water purifier market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this residential water purifier market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. APAC was the largest residential water purifier market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The concentration of impurities present in untreated water in this region will significantly drive residential water purifier market growth over the forecast period. 78% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for residential water purifiers in APAC. Market growth in this region will be faster than the growth of the market in other regions. Residential Water Purifier Market: Key Drivers and Trends

2. With an aim to achieve a competitive advantage, the residential water purifier companies are increasingly focusing on technological advancements for innovating their products. The use of nanotechnology in water purification is one of the recent examples of technological advancement in water purifiers. The use of nanotechnology eliminates microorganisms and particles from water with the help of composite nanoparticles. A few of the other technological advances in the water purifiers market include the advent of multi-stage purifiers technology and RO technology. Thus, product innovations with a focus on technological advancements will fuel the residential water purifier market growth during the forecast period. The advent of smart purifier will be one of the key residential water purifiers market trends that will gain significant traction during the forecast period. Indeed, smart purifiers are gaining prominence, owing to their ability to connect with Wi-Fi and Bluetooth. Many water purifier companies have started investing in the development of smart water purifiers that can be operated by using smartphones, in turn, contributing significantly to the market’s growth.