The water purifier is a purification system used in order to remove the suspended solids, chemicals, undesirable materials, and gases to make water fit for special purpose.
The water Purifier Market is mainly driven by various factors such as growing awareness about the water-borne diseases, and technological advancement within purifiers. High equipment and maintenance cost may restrain the water Purifier Market growth.
The global water Purifier Market is expected to grow at 9.55% CAGR during the forecast period. In 2017, the market was led by Asia-Pacific, with a 41.56% share, followed by North America and Europe with shares of 24.04% and 20.90%, respectively.
The water purifier market has been ted based on product, application, and region. On the basis of product, the market has been segmented as activated carbon filters, UV technology, and reverse osmosis. RO Water Purifiers segment held the largest market share of 54.7% in 2017, with a market value of USD 23,799.8 million; projected to grow at the highest CAGR of 9.76% during the forecast period. On the basis of application, residential segment held the largest market share of 71.2% in 2017, with a market value of USD 30,977.8 million; projected to grow at a CAGR of 9.71% during the forecast period.