Residential Water Purifier Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44757
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The residential water purifier market share is expected to increase by USD 9.25 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.33%.

This residential water purifier market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers residential water purifier market segmentation by product (multiple technology-based water purifier, RO water purifier, UV water purifier, and gravity-based water purifier), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). The residential water purifier market report also offers information on several market vendors, including Amway Corp., Eureka Forbes Ltd., Haier Smart Home Co. Ltd., Honeywell International Inc., KENT RO Systems Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Unilever Group, and Whirlpool Corp. among others.

What will the Residential Water Purifier Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Residential Water Purifier Market Size for the Forecast Period and Other Important Statistics

 

Residential Water Purifier Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The product innovations with a focus on technological advancements are notably driving the residential water purifier market growth, although factors such as the easy availability of packaged drinking water may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential water purifier industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Residential Water Purifier Market Driver

One of the key factors driving growth in the residential water purifier market is product innovations with a focus on technological advancements. To gain a competitive edge over their competitors, prominent vendors have started focusing on technological advancements to innovate their products. The multi-stage purifiers technology is one of the key technologies that is driving the market's growth. The use of nanotechnology in water purification is another example of technological advancement for water purifiers. Like multi-stage purifiers technology and nanotechnology, RO technology is also one of the advanced technologies that are used in water purifiers. RO water purifiers have largely penetrated into urban cities. With the improvements in the RO purifier technology, consumers are ready to spend on these new technologically advanced products. 

Key Residential Water Purifier Market Challenge

The easy availability of packaged drinking water will be a major challenge for the residential water purifier market during the forecast period. Packaged drinking water has a high penetration rate in suburban areas and acts as a strong substitute for treated water. The rise in health consciousness, poor quality of tap water, and changing consumer lifestyles have increased the demand for packaged water. Most consumers residing in rural areas of developing countries in APAC and MEA prefer to use packaged water as it is inexpensive and easily available in bottles and cans of different sizes, allowing consumers to buy the product as per their convenience and requirement. Developments in packaging technology are also encouraging the growth of the global packaged drinking water market.

This residential water purifier market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Residential Water Purifier Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amway Corp.
  • Eureka Forbes Ltd.
  • Haier Smart Home Co. Ltd.
  • Honeywell International Inc.
  • KENT RO Systems Ltd.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Panasonic Corp.
  • Unilever Group
  • Whirlpool Corp.

 

This statistical study of the residential water purifier market encompasses successful business strategies deployed by the key vendors. The residential water purifier market is fragmented and the vendors are deploying growth strategies such as focusing on new product developments and innovations to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The residential water purifier market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Residential Water Purifier Market?

For more insights on the market share of various regions Request for a FREE sample now!

77% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for residential water purifiers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The new product launches, increased marketing and promotion efforts, and expansion in distribution networks will facilitate the residential water purifier market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Residential Water Purifier Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The residential water purifier market share growth by the multiple technology-based water purifier segment will be significant during the forecast period. Several vendors in the global residential water purifier market are offering water purifiers with multiple technologies induced in filters for improved water treatment compared with regular purifiers. Such enhancements in residential water purifiers are expected to increase their (especially premium products) demand among customers. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the residential water purifier market size and actionable market insights on post COVID-19 impact on each segment.

 

Residential Water Purifier Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.33%

Market growth 2021-2025

$ 9.25 billion

Market structure

Fragmented

YoY growth (%)

10.02

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 77%

Key consumer countries

China, India, Japan, US, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amway Corp., Eureka Forbes Ltd., Haier Smart Home Co. Ltd., Honeywell International Inc., KENT RO Systems Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Unilever Group, and Whirlpool Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Residential Water Purifier Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive residential water purifier market growth during the next five years
  • Precise estimation of the residential water purifier market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential water purifier industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential water purifier market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Multiple technology-based water purifier - Market size and forecast 2020-2025
    • RO water purifier - Market size and forecast 2020-2025
    • UV water purifier - Market size and forecast 2020-2025
    • Gravity-based water purifier - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amway Corp.
      • Eureka Forbes Ltd.
      • Haier Smart Home Co. Ltd.
      • Honeywell International Inc.
      • KENT RO Systems Ltd.
      • Koninklijke Philips NV
      • LG Electronics Inc.
      • Panasonic Corp.
      • Unilever Group
      • Whirlpool Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The residential water purifier market growth will increase by $9254.42 million during 2020-2025.
      The residential water purifier market is expected to grow at a CAGR of 9.33% during 2020-2025.
      Technavio has segmented the residential water purifier market by product (Multiple technology-based water purifier, RO water purifier, Gravity-based water purifier, and UV water purifier) and geographic (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
      Amway Corp., Eureka Forbes Ltd., Haier Smart Home Co. Ltd., Honeywell International Inc., KENT RO Systems Ltd., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Unilever Group, Whirlpool Corp. are a few of the key vendors in the residential water purifier market.
      APAC will register the highest growth rate of 77.43% among the other regions. Therefore, the residential water purifier market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the residential water purifier market growth are:
      • Product innovations with a focus on technological advancements
      The residential water purifier market vendors should focus on grabbing business opportunities from the multiple technology-based water purifier segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Consumer Discretionary
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>