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Global Water Purifier Market growing less than 10% volume CAGR: Actual Market Research
Aug, 16
2021

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Global Water Purifier Market growing less than 10% volume CAGR: Actual Market Research

 

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Even though it’s termed as a man of the house, it’s the women how are disproportionately affected by the water crisis. Girls are trained from a very young age to be responsible for the water storage in the house. Empowering women is critical to solving while the water crisis. When women have access to safe water at home, they can pursue more beyond water collection, can allocate time for work, and add to their household income. A recent addition to a database of Actual Market Research- titled “Global Water Purifier Market Overview, 2020-26” provides an in-depth insight of the market size by value and volume, analyzes the trends on factors like by types, by technology, by Sales Channel, by Region, and by country.

World-wide challenges like over-consumption, population growth, privatization, and climate change all affect the quality and accessibility of water and put a strain on limited freshwater systems. Globally, women and girls spend 200 million hours every day collecting water. Every 2 minutes a child dies from a water-borne disease. Access to safe water contributes to improved health which means reduced child and maternal mortality rates. It means reduced physical injury from constant lifting and carrying heavy loads of water. As the world faces the COVID-19 pandemic, now more than ever access to safe water is critical to the health of families around the world. The market is to reach a value of more than USD 65 Billion by the end of the year 2026, while in terms of volume it is expected to grow with an anticipated CAGR of less than 10%.

Access to safe water is critical to the health of women and their babies during pregnancy and after. Walking and carrying heavy vessels to collect water can be dangerous for a pregnant woman. Further, the consumption of unsafe water can be harmful to the health of both the mom and her baby. From maintaining a healthy pregnancy to nourishing a newborn child, women need safe water at home. Some of these pollutants comprise heavy metals like zinc, lead, nickel, copper, cobalt, magnesium, cadmium, chromium, or molybdenum, and simply boiling the water is not the most effective solution. With increasing R&D, innovations have occurred in the water purifiers and along with newer pollutants in the water body, the market is now full of choices. The RO water purifiers are a safe, cost-effective, and easy to maintain option, the segment held nearly half of the market share. The UV water purifier scores point being able to work with low electricity consumption and low maintenance cost. The UV water purifier segment is expected to grow with an anticipated growth of 11.47%, which is yet the lowest among the type of purifiers classified on technology.

Time spent gathering water or seeking safe sanitation accounts for billions in lost economic opportunities. USD 260 Billion is lost globally each year due to a lack of basic water and sanitation. Access to safe water and sanitation at home turns time spent into time saved, giving families more time to pursue education and work opportunities that will help them break the cycle of poverty. The under-sink purifier segment in 2015 was at USD 15.29 Billion. By the end of the forecasted period, the faucet water purifier type is expected to hold a share of nearly 20%.

In an era of climate destruction, water scarcity, and the growing gap between rich and poor, it becomes a critical moment for the international community to work together towards curbing water consumption, reduce water contamination, and invest in women’s rights worldwide. Not only are women the most impacted, but they are also the most in need of adaptation and coping mechanisms. Many of the emerging nations have witnessed an increase in disposable income, owing to dual-income households and a rise in women's employment. This has increased the demand for water purification systems and contributed toward the water purifier market growth. An increase in concerns toward health and well-being among women has led to the adoption of more hygiene practices in the home. This serves as a key factor that has substantially contributed toward the global water purifiers market. The increase in health consciousness and the upsurge in the incidence of waterborne diseases have fueled the demand for water purification systems.