Impact of COVID-19 on Water Purifier Market 2019 | Trends, Growth Demand, Opportunities & Forecast To 2027

Water Purifier Market

Water Purifier Market: Scarcity of Potable Water and Geographical Penetration to Foster Growth

Research states that, nearly 80% of illnesses in developing countries are because of poor quality water and sanitation conditions. Although there has been a rise in the number of people that have gained access to pure drinking water, inequalities still persist. This scarcity of potable drinking water has directed the way for innovations in the water purifier industry.

The gamut of the market used to be ‘urban-centric’; however, with continual efforts from various governments and manufacturers to increase consumer awareness, the water purifier industry is gradually seeping into rural markets. However, penetration is still low, as rural consumers refrain from spending huge sums on water purifiers. This factor may shrink the market’s growth, but also provides a vital entry point for newcomers who may claw up the global market ladder by launching strategically-priced products.

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As water-related issues are gradually entering the league of grave environmental and global concerns, the future demands the implementation of efficient water purifier systems. Sensing this demand and gauging the innovations spawned in the water purifier industry, Transparency Market Research conducted comprehensive research that brings to the fore compelling insights about the evolution and structure of the water purifier market.

Winning Strategies to Expand Confines in the Market

Increasing Product Offerings in Developing and Underdeveloped Countries

Many developing countries such as India and China in Asia Pacific and underdeveloped regions in Africa are investing heavily in water purification infrastructure in the lieu of depleting drinking water resources. Organizations such as UNICEF and WHO are aggressively fighting the plaguing issue of water crisis and unavailability of safe drinking water by conducting awareness campaigns and funding water purifier companies.

Manufacturers are increasing their product offerings in these regions to reap massive revenue benefits. They are providing cheap water filtration solutions, such as ‘Cycloclean’, developed by Japan’s Nippon Basic Company. This is a water purifying bike specially designed for remote villages. In another such humanitarian effort, LifeStraw Water Filters and Purifiers developed a small cigar-shaped tube that purifies water.

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Capitalization on the Demand-Supply Gap

The rise in global population and the need for suitable water for operations in industries such as construction, food and beverages, chemicals, oil and gas, and petrochemicals have created a huge demand-supply gap. This is mainly due to the scarcity of water and poorly managed water usage. These issues, leading to greater investments in water purification products, have opened new avenues of growth for water purifier manufacturers. Not only are they bolstering their production capacities but also concentrating efforts on developing water purifiers for specific end-use industry requirements. Ageing water infrastructure in developed countries has further encouraged the proliferation of advanced water purifiers.

Sneak Peek into the Competition Landscape

The degree of competition in the global water purifier market is expected to remain high during the forecast period, with players offering cost-effective technology and prolonged services. There is the high threat of new entrants, as they are heavily investing in research and development activities to enter the global market. The entry of new players has increased the fragmentation of the market, thereby posing a challenge to established players. Some of the prominent players functioning in the market are A.O. Smith Corporation, Unilever, Coway Co., Ltd., Whirlpool, Eureka Forbes Limited, and TATA.

With Asia Pacific being the most lucrative region for the market’s growth, players are consolidating their position in this region to establish their base in the market. Apart from this, providing customized products, business expansion through mergers and acquisitions, and enhancement of distribution network remain key business strategies. For instance, Whirlpool Corporation is expanding its distribution and production capacity to enhance its geographical expansion. Further, Pureit partnered with community-based water plants in India to establish its business in this region.

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  • According to Transparency Market Research’s latest market report on the water purifier market for the period of 2019–2027 (wherein, the period from 2019 to 2027 is the forecast period and 2018 is the base year), increasing global awareness about water safety and quality is anticipated to bolster the demand for water purifiers.
  • In the report, revenue generated by the water purifier market is given in terms of value and volume throughout the forecast period.

 Water Purifier Market: Increasing Global Awareness about Water Safety and Quality

  • Increasing consumer awareness regarding water safety and quality, owing to rising water-borne diseases across the globe, is one of the prime factors responsible for the growth of the water purifier market. Moreover, government initiatives through various campaigns, tie-ups, etc., in many water-scarce countries are helping in increasing awareness regarding the usage of safe drinking water. This, in turn, is anticipated to proliferate the growth of the water purifier market.
  • Additionally, scarce portable water resources, globally, is another motivating factor in the increasing awareness of safe drinking water, which, in turn, is anticipated to drive the demand for water purifiers.
  • Furthermore, the increasing adoption of technology and product development to improve the water quality is also anticipated to boost the demand for water purifiers. Manufacturers are continuously working on higher technology adoption and continued product development for water purification systems to ensure maximum elimination of impurities from water.

Low Market Penetration of Water Purifiers in Rural Areas a Major Challenge

  • A prime barrier in the global water purifier market is low market penetration in rural areas. This is due to low awareness levels regarding the usage of safe drinking water. Rural consumers are less aware of the importance of the water purifying and filtering process employed to prevent water-borne diseases. Moreover, rural consumers prefer alternative methods such as cloth straining, boiling, chlorinating, slow sand filtration, and ceramic filters, which restricts the growth of the water purifier market.
  • Additionally, addressing water-related issues across different geographies is another major concern restraining the growth of the water purifier market.  Total Dissolved Salts (TDS) comprises inorganic salts such as calcium, magnesium, potassium, chlorides, and sulfates, along with small amounts of organic matter that is dissolved in water. However, according to WHO, TDS levels more than 1200 mg/liter is unfit for drinking. The total dissolved salts (TDS) in water vary with different geographic conditions. Therefore, it becomes challenging for companies to provide purified water based on the region, restraining the water purifier market.

Water Purifier Market: Competition Landscape

  • Detailed profiles of manufacturers of water purifiers have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies in the water purifier market.

Key players operating in the global water purifier market include

  • A.O. Smith Corporation
  • Aquatech, BWT Aktiengesellschaft
  • Brita GmbH, Coway Co.
  • Culligan International Company
  • EcoWater Systems LLC.
  • Eureka Forbes Limited
  • Evoqua Water Technologies LLC
  • GE Appliances
  • Ion Exchange LLC
  • Kaz USA, Inc.
  • KENT RO Systems Limited
  • Kinetico Inc.
  • LG Electronics
  • Mitsubishi Rayon Cleansui Co., Ltd.
  • Panasonic Corporation
  • Pentair Plc.
  • Koninklijke Philips N.V.
  • Tata Chemicals Ltd.
  • Unilever N.V.
  • Whirlpool Corporation.

Water Purifier Market: Key Developments

  • Key manufacturers in the water purifier market such as A.O. Smith Corporation are focusing on acquisitions for their business expansion. In line with this, the company, in April 2019, acquired a water treatment solutions provider – Water-Right, Inc., a Wisconsin-based water treatment company. Similarly, the company, in September 2017, acquired Ohio-based water filtration solution company – Hague Quality Water International.

Other Key Developments in the Water Purifier Market

  • In January 2019, BWT AG partnered with Just a Drop, to provide clean and safe water to people across the world. The company partnered with Just a Drop, and is digging a borehole well in the village of Kasosa in Zambia, which will bring safe water to the 250 people living there.
  • Brita GmbH focuses on geographical expansion through acquisitions. Toward this, the company, in February 2019, acquired BV Aqua A/S, a Denmark-based company specialized in providing water treatment solutions. After this acquisition, the company is expected to serve BRITA B2B customers in the HORECA sector in Denmark, Sweden, and Norway.
  • Kaz USA, Inc. is focused on product portfolio expansion. The company, in 2017, introduced PUR 18-Cup Ultimate Dispenser with Lead Reduction, PUR Advanced Faucet Filtration System, and PUR 11-Cup Ultimate Pitcher Filtration System with Lead Reduction.

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