Market Size of Water Purifier/Filter Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Water Filter Market Analysis
The Global Water Purifier/Filter Market is expected to grow at a CAGR of greater than 7.5% during the forecasted period.
Due to the outbreak of the Covid-19 pandemic, the Global Water Purifier Market has seen a negative impact owing to the lockdowns imposed in several countries worldwide. These lockdowns temporarily halted the manufacturing of water purifiers. The manufacturing companies faced challenges due to decreased product demand and interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses were not allowed to operate, which has negatively impacted the demand for water purifiers.
Various factors, such as growing awareness about water-borne diseases and technological advancements in water purifiers mainly drive the water purifier market. High equipment and maintenance costs may restrain the growth of the water purifier market. UV water purifiers and AI-based water purification systems are the latest trends in the market. Waterborne diseases like cholera, diarrhoea, typhoid, lead poisoning, and intestinal worms are caused by contaminated drinking water. Rising urbanization and industrialization have resulted in the pollution of water bodies. Chemical and power plants worldwide release hazardous and toxic materials into ponds, rivers, lakes, reservoirs, and other water bodies. The contaminated water then enters other larger water bodies, which are sources of drinking water. Waterborne diseases are caused due to the presence of heavy metals such as lead, zinc, copper, cadmium, nickel, magnesium, molybdenum, and cobalt. Thus, the importance of water treatment solutions has increased, which provides a massive growth opportunity for vendors operating in the water purifiers and filter market.
