Market Trends of Water Purifier/Filter Industry
This section covers the major market trends shaping the Water Filter Market according to our research experts:
Increase in the Water Related Diseases are Rising the Need for Wtaer Purifier/Filter
Water-related diseases kill a child every eight seconds and are responsible for 80% of all illnesses and deaths in the developing world a situation made all the more tragic by our long-standing knowledge that these diseases are easily preventable. Every year 3,575,000 people die from water-related diseases. This is equivalent to a jumbo jet crashing every hour. Most of these people are children (2.2 million). The scarcity of safe water is contributing to the growth of the water purifier market. Over 2 billion people live in water-stressed countries, which is expected to be exacerbated in some regions as a result of climate change and population growth.
Globally, at least 2 billion people use a drinking water source contaminated with faeces. Microbial contamination of drinking water as a result of contamination with faeces poses the greatest risk to drinking water safety. Safe and sufficient water facilitates the practice of hygiene, which is a key measure to prevent not only diarrhoeal diseases but acute respiratory infections and numerous neglected tropical diseases. Microbiologically contaminated drinking water can transmit diseases such as diarrhoea, cholera, dysentery, typhoid, and polio and is estimated to cause 485 000 diarrhoeal deaths each year. In 2020, 74% of the global population (5.8 billion people) used a safely managed drinking-water service that is, one located on premises, available when needed, and free from contamination.
Asia Pacific is the Largest Water Purifier Market
In 2021, Asia Pacific has the largest water purifier market share in the global market and was estimated at USD 10.88 Billion. China is the largest shareholder in this market followed by Japan. Besides, the spurring rise in the commercial sector escalates the market value. The rising awareness of the clean drinking water benefits and growing prevalence of water-borne diseases, alongside government initiatives in the region, boost the market size.
The Asia Pacific water purifier market is primarily driven by the rising incidences of waterborne diseases. Along with this, the growing awareness among individuals regarding the health hazards caused by impure water has encouraged them to opt for water purifiers, especially in developing countries, like India and Vietnam. As a result, governments across the region have been actively working toward spreading awareness regarding clean water and water safety and security. Moreover, with the advancements in technology, manufacturers have introduced reverse osmosis and UV purifiers to expand their consumer base.
