Smart Water Purifier Market worth US$ 2,885.26 Million by 2028- Exclusive Research by The Insight Partners

 

According to our new research study on "Smart Water Purifier Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Connectivity, Technology, Sales Channel, End User, and Geography," the market is projected to reach US$ 2,885.26 million by 2028 from US$ 1,732.23 million in 2021. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028.

Decreasing drinking water supplies in several emerging nations such as India and China in Asia Pacific and a few countries in Africa lead to a rise in expenditure on smart water purification infrastructure. Increasing awareness campaigns by leading health organizations such as WHO to combat the water crisis and shortage of clean drinking water will also aid smart water purifier market proliferation in the forthcoming years.

These organizations are also sponsoring water purifier firms, which, in turn, has prompted manufacturers to announce better offers in these areas to maximize profits. They sell low-cost water filtering systems, such as 'Cycloclean,' created by Japan's Nippon Basic Company. This is a water purification bike explicitly made for isolated areas. Another example worth mentioning is the launch of the compact cigar-shaped water filter tube by LifeStraw Water Filters and Purifiers.

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A diverse set of purification methods, such as UV, RO, sediment filter, Nanofiltration, and anti-bacterial filter, are followed in water purifiers. These devices have gained massive traction in recent years. Residential and business users have demonstrated a greater understanding of these technologies and many facets of their capabilities. As a result, several smart functions have gained traction, thereby proliferating the demand for smart water purification systems. Several features help track the health of cartridges in use and continuously monitor the water quality by sending notifications regarding the performance of purifying technologies.

The need for smart water purifier systems has continuously increased due to the rising demand for safe potable water and tap water. The market for smart purifier systems is growing due to the rapid rate of urbanization in emerging economies and the increased need for clean water among companies. Smart water purifier technologies have also grown in popularity due to their increasing importance in extending the appliance's shelf life. A critical development strengthening the prospects of the smart water purifier systems market is the current requirement for more innovative and user-friendly features in appliance protection systems.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Smart Water Purifier Market’ provides the analysis on impact on Covid-19 on                 business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Some companies are also engaging in partnerships and collaborations to generate revenues. For example, Whirlpool Corporation is extending its distribution and production capabilities to broaden its regional reach. Pureit also established its business in India by partnering with community-based water plants, providing a lucrative opportunity for the growth of the smart water purifier market during the forecast period.

The global smart water purifier market is analyzed on four fronts: Connectivity, technology, sales channel, and end-user. Based on the connectivity, the smart water purifier market is segmented into Wi-Fi, Bluetooth, and Smart App. By technology, the market is classified into ultra-filtration (UF), ultraviolet (UV), reverse osmosis, multi-stage purifiers, and others. In terms of the end user, the market is categorized into residential, commercial, and industrial.

Virgin Pure, 3M, AO SMITH WATER TECHNOLOGIES, LG Electronics, Livpure Smart Homes Private Limited, Membrane Solutions, LLC, Eureka Forbes, KENT RO SYSTEMS LTD, Coway USA Inc., and Xiaomi Corporation are the leading companies operating in the global smart water purifier market.

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