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Global water purifier market: 10% CAGR growth forecast between 2013-2018

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Global Water Purifiers Market Forecast & Opportunities, 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-24 12:46:03
Every 21 seconds a child and 3.4 Million people globally dies every year due to water related disease according to a report by World Health Organization. Nearly all deaths, 99 percent, occur in developing world.

Thus, growing water borne diseases are consequently generating the need for providing pure and hygienic water which in turn has resulted into development of systems which could affordably purify the water commonly known as water purifiers. The demand for water purifiers has surged radically over the last 5 year period attracting giants like Panasonic and LG to launch their own water purifiers.

The POU (point-of-use) water purifiers market has emerged as one of the most attractive segments in consumer electronics. The global water purifiers´ market revenues are anticipated to grow at the compounded annual growth rate of around 10% during 2013-18 which is forecasted to double in its revenue size by the end of 2018.

The global water purifier industry is highly fragmented with the presence of regional players, dominating in their respective regions. Asia Pacific is the biggest market for water purifiers where China & India are the major contributors. The market growth of water purifiers in these regions are supported by rising domestic production, low penetration level of water purifiers, and growing awareness about water related health concerns.

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