Market Overview
According to the report, the global Commercial Water Purifiers market was valued at approximately USD 308 million in 2019 and is expected to generate revenue of around USD 619 million by 2026, growing at a CAGR of roughly 10.63% from 2019 and 2026.
Water purification is the process of removing undesirable chemicals, biological contaminants, suspended solids and gases from water. The goal is to produce water fit for a specific purpose.
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Key Players
Key players in the Commercial Water Purifiers market cover 3M, Selecto, Pentair, Canature, Brita, BWT, Fairey, Media, Ozner, and Litree.
Market Drivers
Shortage of fresh water and contamination of fresh water streams has created a massive scarcity of drinking water. Contamination issues has escalated due to below-standard water recycling process, especially in the third world countries. Such factors are supporting the growth of water purifier market. Moreover, increased awareness among consumers and the arrival of advanced water purification technology is also reflecting favorably on the market.
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Forecast by Geography
North America dominates the Commercial Water Purifiers market at a share of 33.86%, followed by Europe and the Asia Pacific with a share of 29.71% and 29.44%.
The US and Canada constitute the largest users of water purification systems from the region. The stringent water reuse policies to address the water stress arising in the respective countries is driving the need for reusing water across several industries, thereby driving market growth.
Type Segment Analysis
Based on the type, the Commercial Water Purifiers market can be segmented into Reverse, Osmosis, UV technology, and Activated carbon filters.
In 2018, the RO water purified segment accounted for over 55% share of the market. The segment is expected to remain highly attractive during the assessment period and reflect a strong growth.
Application Segment
Based on application, the Commercial Water Purifiers market is divided into Offices, Hostel, and Restaurant.
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Target Audience
l Commercial Water Purifiers manufacturers
l Distributors and resellers of Commercial Water Purifiers
l Commercial Water Purifiers industry associations
l Product managers, Commercial Water Purifiers industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Commercial Water Purifiers
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