Smart Water Purifier Market Size & Global Industry Growth by 2028
According to the latest research report titled “Smart Water Purifier Market Forecast to 2028 – COVID-19 Impact and Global Analysis,” published by The Insight Partners, the market is expected to reach US$ 2,885.26 million by 2028, registering a CAGR of 7.6% during 2021–2028.
The absorption of microscopic organisms—such as bacteria and viruses—in water bodies and contact with excretion results in water contamination, leading to waterborne diseases. Thousands of people die each year due to the spread of waterborne illnesses such as cholera, typhoid, and diarrhea, especially in emerging and third-world countries where safe and clean water is scarce. The lack of cleanliness is another leading cause of severe infections. Drinking clean and pure water from water purifiers is best to avoid contracting waterborne infections.
For instance, KENT Grand Star is an advanced RO smart water purifier that includes several purification processes, such as RO+UV+UF+TDS Control + UV In-tank to offer customers 100% clean drinking water. The Zero Water Wastage Technology on the KENT Grand Star Mineral RO Water Purifier ensures that no water is wasted throughout the purifying process. Therefore, the rising awareness regarding waterborne disease is promoting the growth of the smart water purifier market.
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Key Findings of Study
The global smart water purifier market has been spread across North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In the bottled water industry, alkaline and pH-balanced water have become increasingly popular, and the smart water purifier market is competing vigorously. Spiraling demand for wellness products and commodities is strengthening their cause. Businesses throughout the Consumer-Packaged Goods (CPG) market compete for a piece of the US$30 billion spent on supplementary health treatments by Americans. Health concerns do not just drive the re-mineralization trend. The taste of water, particularly bottled water, is a contentious issue, and trace minerals are now widely recognized as an essential flavor component. For instance, BWT uses unique magnesium technology to return magnesium to the water throughout the filtering process, ensuring a superior flavor. This is applicable not only for pure drinking water but also for other liquids, including coffee, espresso, and tea. These factors are likely to play a crucial role in the global smart water purifier market in the upcoming years.
Xiaomi Corporation, A.O. Smith Smart Water Technologies, Kent RO Systems Ltd., Eureka Forbes, LG Electronics are the five key market players operating in the global Smart water purifier market. Virgin Pure; 3M; Livpure Smart Homes Private Limited; Membrane Solutions, LLC; and Coway USA, Inc. are few other notable players that are profiled in this market study.
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