Commercial Water Purifiers Market Size, Share, Growth, and Industry Growth, By Type (Activated Carbon, UV Technology, Reverse Osmosis, and Others), By Application (Restaurant, Hostel, Offices, and Other Public Places), Regional Insights, and Forecast From 2023 To 2030

Updated On: 11 September 2023

commercial water purifiers market REPORT OVERVIEW

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The global commercial water purifiers market size is expected to be USD 5.02 billion in 2022 and market is projected to touch USD 6.47 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period.

A device used for decontaminating water from various harmful substances, micro-organisms, pathogens, chemicals, and other dissolved substances and makes it drinkable. The gravity-based water purifiers are cost-effective variants that filter the water with the help of gravitational pull. It doesn’t require electricity or running water, it is considered one of the ideal alternatives to boiling water in various regions that lack electricity or water. The key companies focused on launching advanced technologies for water purification, such as reverse osmosis and activated carbon filtration.

Two basic categories of water purifying systems make up water purifiers. A point-of-entry or whole-house filter system is one that is installed at the point where water enters houses. The other type, called point-of-use systems, is put at the location where water is consumed. When point-of-entry and point-of-use filter systems are installed, the water is completely purified, including pathogen removal and water softening. The purification system uses filter media to remove impurities from raw water, producing better-quality purified water that is safe to use for both general and specialized purposes. These purifiers come in a variety of technological configurations, including reverse osmosis, ultraviolet light, and gravity-based filtration.

COVID-19 Impact: Disturbance in the Supply Chain during the Pandemic Affected Growth Rate

Although the water filtration sector belongs to essential services, the COVID-19 supply chain disruption has had a substantial negative influence on the expansion of the global market. Short-term production halts and changes in manufacturing schedules were brought on by ongoing or partial lockdowns in important manufacturing nations. The global commercial water purifiers market is anticipated to recover at a slower rate in the ensuing years due to the manufacturers' and tier 1, 2, and 3 distributors' installation of business continuity plans and mitigation measures. Regional governments are also altering credit rules and promoting cash flow management to secure small and medium-sized manufacturing businesses.

LATEST TRENDS

"Growing Health Concerns to Boost Growth in the Market"

Commercial water purifiers provide safe drinking water by removing dangerous bacteria, viruses, and other pollutants. Giardia and cryptosporidium removal decreases the risk of gastrointestinal disease. Additionally, it gets rid of chlorine and its metabolites and lessens the risk of rectal and bladder cancer. Additionally, drinking clean water helps to maintain an optimal energy level, enhance skin health, reduce weight, and strengthen the body's overall immune system. Water flavor and taste are more valuable after purification. As a result, using clean and safe water when cooking preserves the flavor of the dish. Minerals are removed by household water filters, which can lower the water's overall quality. The purification at the water entry point extends the piping's life and greatly reduces maintenance costs.

commercial water purifiers market Segmentation

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• By Type Analysis

By type, the market is segmented into activated carbon, UV technology, reverse osmosis, and others.

• By Application Analysis

Based on application, the market is classified into hostels, restaurants, offices, and other public places.

DRIVING FACTORS

"Rising Disposable Income of the Population to Foster Market Growth"

Rising disposable income in emerging economies drives the expansion of the water purifiers market. Customers' purchasing power increases as their income levels rise, raising their standard of living. In addition, the increased supply of safe water by municipalities and the rise in the number of water recycling treatments are fueling the demand for water purification systems in developing nations. Due to population skill growth and an increase in employment in service-oriented industries, certain emerging economies, including Brazil and China, have seen their discretionary income surge. As a result, there was an increase in the need for water purification systems in these industries, which helped to spur the creation of the commercial water purifiers. Concerns about health and well-being have grown among people everywhere, which is expected to gain commercial water purifiers market growth.

"Various Benefits Associated With Filtered Water to Boost Product Demand"

Commercial water purifiers remove hazardous bacteria, viruses, and other impurities from the water and provide safe drinking water. Removing cryptosporidium and giardia decreases the possibility of gastrointestinal illness. Additionally, it also removes chlorine and its byproducts, which reduces the possibility of rectal and bladder cancer. Additionally, drinking clean water enhances digestion, reduces weight, improves skin health, balances optimum energy levels, and improves the overall immune system. Purification of water boosts the water's taste and flavor. Utilizing clean and safe water for cooking increases the taste and flavor. 

RESTRAINING FACTORS

"High Cost of Maintenance to Challenge Market Growth"

The filters used in water purification need to be changed in order to maintain the quality of the water. Depending on the product type and technology used in the purification systems, different filters have different criteria for replacement. Point-of-entry filters typically need to be replaced every 5 to 6 years, whereas POU filters need to be changed every 6 to 12 months. As a result, the water filtration system's overall maintenance expense significantly rises. As a result, one of the biggest obstacles to commercial water purifiers market growth.

commercial water purifiers market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due to Rapidly Expanding Industrialization"

Asia Pacific is forecasted to hold a major part of the market share owing to the steady industrialization and the growing use of pesticides have deteriorated the water in the region which causes various diseases. This has boosted the demand for commercial water purifiers and is estimated to propel growth in the region. The region holds about 35% of the overall commercial water purifiers market share.

Europe is expected to show significant growth in the market by virtue of the rising use of tap water. The region is expected to hold about 30% of the overall commercial water purifiers market share. 

KEY INDUSTRY PLAYERS

"Key Players Working To Produce Cutting-Edge Technology to Expand Their Market"

Businesses are developing the latest technology to provide simpler ways to broaden their product offerings. Businesses also use cutting-edge methods and procedures to develop new technology. Key players are constantly emphasizing on the development of advanced products to gain traction in the market. Key companies are increasing their investments in developing efficient automatic water filters. The key companies are focusing on gaining collaborations and mergers in the global commercial water purifiers market to gain growth in the market. Companies are investing a considerable amount of resources in the research and development of various water purification technologies.

List of Market Players Profiled

• 3M Purification Inc. (U.S.)
• Omnipure (U.S.)
• Osmio Solutions Ltd. (U.K.)
• OptiPure (U.S.)
• Selecto (U.S.)
• WaterCare Ltd. (New Zealand)
• Pentair Inc. (Everpure) (U.S.)
• Brita GmbH (Germany)
• Best Water Technology (Austria)
• Fairey (Doulton) (U.K.)
• Midea (China)
• Ozner (China)
• Litree (China)
• Qinyuan Group. Co., Ltd (China)
• Canature (Canada)
• Kinetico (U.S.)
• APEC Water Systems (U.S.)

INDUSTRY DEVELOPMENT

• "September 2021"- Advent International and Shapoorji Pallonji Group entered into a legally binding agreement for Advent International to buy more than 72% of Eureka Forbes Ltd. The deal had a value of around $582 million USD. Together, the two businesses will use their combined experience to expand their market share in the domestic and international water treatment sectors.

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data.