About Water Purifier
Water purification is a process to remove unwanted chemicals, biological contaminants, suspended solids, and gases from contaminated water. It decreases the concentration of particulate matter, reduces the chance of waterborne diseases, and makes water safe for drinking.
Technavio’s analysts forecast the global water purifier market to grow at a CAGR of 14.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global water purifier market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the following types of water purifiers in the residential segment:
Technavio Announces the Publication of its Research Report – Global Water Purifier Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Water Purifier Market: Amway, Eureka Forbes, Hindustan Unilever, LG, Panasonic, Philips and Whirlpool.
Other Prominent Vendors in the market are: Aquafresh, Coway, Ion Exchange, Midea, Kent RO, and Qinquan.
Commenting on the report, an analyst from Technavio’s team said: “The sales of water purifiers in leading countries like India and China has intensified competition and the market is witnessing the entry of new regional as well as international players. Therefore, vendors need to promote their products through effective branding, creating a consumer base for their products.”
According to the report, the increased incidence of waterborne diseases and awareness about the importance of clean drinking water is driving the global water purifier market.
Further, the report states that many small vendors are entering the market and are offering quality water purifiers at low prices. Although this has increased product diversity, it is affecting the market share and profit margins of the existing players in the market
Amway, Eureka Forbes, Hindustan Unilever, LG, Panasonic, Philips, Whirlpool, Aquafresh, Coway, Ion Exchange, Midea, Kent RO, Qinquan.
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