The global home water filtration unit market size is expected to reach USD 24.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.9% over the forecast period. Growing consumer awareness about increased microbial and chemical contamination of surface water and its harmful effects on human health due to increased dependency on bottled water across the globe is likely to create a robust demand for the market over the anticipated years.
Augmenting awareness among consumers regarding the unfavorable effects of contaminated surface water has resulted in a significant shift in their preference for domestic water purification methods. Rising concerns over various waterborne diseases such as E.Coli, typhoid, and cholera have increased the product demand for domestic purpose. For instance, Kent launched Kent Grand Plus, coupled with TDS controllers, to ensure the purest drinking water for domestic purpose. Kent water purifier products are ideal for Indian conditions because they are equally easy to handle municipal water supply and natural groundwater.
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Easy availability of packaged drinking water is a stiff challenge for the global market. In suburban areas, packaged drinking water has a high rate of penetration and acts as a powerful substitute for treated water. But there are many chemicals in plastic drinking bottles such as bisphenol-A (BPA) leading to heart problems, altered hormonal levels, and increased risk of cancer. Due to such adverse effects, Canada and Japan banned the use of BPA in 2008 and 2010 respectively.
RO-based product is expected to expand at the fastest CAGR of 16.2% over the forecast period. Using a semi-permeable membrane to remove impurities, reverse osmosis (RO) technology extends beyond typical filtration capabilities. Hence, demand for this product category is high in the market owing to the fact that this process not only kills microbes but also removes harmful metals such as lead and mercury. For instance, in 2019, German water filtration technologies company, BRITA began its operation in India by launching a new range of water purifiers, namely MyPure Max. This product range involves a combined RO+UV technology and is expected to be initially sold via direct sales.
The APAC market is expected to generate a revenue of USD 9.0 billion by the end of 2025. Demand for the purifiers is expected to increase in this region due to a significant rise in competitors, accompanied by large scale R&D investments made by such companies. Inflating demand for such purifiers in the APAC region is due to higher concentration of impurities present in untreated surface water. For instance, companies such as Eureka Forbes, Livpure, and AO Smith have launched a number of domestic category products over the past few years due to high demand for the purifiers in India and its subcontinent.
Rapid urbanization and increasing cases of waterborne diseases have made the consumers cautious about the health risks associated with impure drinking water, especially in developing countries such as Argentina, Paraguay, China, India, and Sri Lanka. Rising purchasing power parity of consumers in these countries has led to a positive boost in the demand over the past few years.
Some of the key players operating in the market are Best Water Technology Group; HaloSource Inc.; Brita Gmbh; Aquasana; Tata Chemicals; Eureka Forbes Limited; Panasonic; Kent RO System Ltd.; Amway Corporation; EvoQua; and GE Water & Process Technologies Inc.
Further key findings from the study suggest:
• APAC is projected to generate a revenue of USD 9.0 billion by 2025
• The RO-based product segment is projected to exhibit the fastest CAGR of 16.2% over the coming years
• Europe is expected to emerge as the second fastest growing region in the home water filtration unit market and expand at a CAGR of 16.4% over the forecast period. This trend is projected to continue over the anticipated years
• The industry is highly competitive in nature with the major players including Brita Gmbh, Aquasana, Tata Chemicals, Eureka Forbes Limited, Panasonic, Kent RO System Ltd. Amway Corporation, and EvoQua.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/home-water-filtration-unit-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Home Water Filtration Unit Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.2. Supplier Power
3.5.3. Buyer Power
3.5.4. Substitution Threat
3.5.5. Threat from New Entrant
3.5.6. Competitive Rivalry
3.6. Roadmap of Home water filtration unit Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Home Water Filtration Unit Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. RO-based
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.3. UV-based
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.4. Others
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
…
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Augmenting awareness among consumers regarding the unfavorable effects of contaminated surface water has resulted in a significant shift in their preference for domestic water purification methods. Rising concerns over various waterborne diseases such as E.Coli, typhoid, and cholera have increased the product demand for domestic purpose. For instance, Kent launched Kent Grand Plus, coupled with TDS controllers, to ensure the purest drinking water for domestic purpose. Kent water purifier products are ideal for Indian conditions because they are equally easy to handle municipal water supply and natural groundwater.
Download a Free Sample Report @ https://www.radiantinsights.com/research/home-water-filtration-unit-market/request-sample
 |
| Home Water Filtration Unit Market |
Easy availability of packaged drinking water is a stiff challenge for the global market. In suburban areas, packaged drinking water has a high rate of penetration and acts as a powerful substitute for treated water. But there are many chemicals in plastic drinking bottles such as bisphenol-A (BPA) leading to heart problems, altered hormonal levels, and increased risk of cancer. Due to such adverse effects, Canada and Japan banned the use of BPA in 2008 and 2010 respectively.
RO-based product is expected to expand at the fastest CAGR of 16.2% over the forecast period. Using a semi-permeable membrane to remove impurities, reverse osmosis (RO) technology extends beyond typical filtration capabilities. Hence, demand for this product category is high in the market owing to the fact that this process not only kills microbes but also removes harmful metals such as lead and mercury. For instance, in 2019, German water filtration technologies company, BRITA began its operation in India by launching a new range of water purifiers, namely MyPure Max. This product range involves a combined RO+UV technology and is expected to be initially sold via direct sales.
The APAC market is expected to generate a revenue of USD 9.0 billion by the end of 2025. Demand for the purifiers is expected to increase in this region due to a significant rise in competitors, accompanied by large scale R&D investments made by such companies. Inflating demand for such purifiers in the APAC region is due to higher concentration of impurities present in untreated surface water. For instance, companies such as Eureka Forbes, Livpure, and AO Smith have launched a number of domestic category products over the past few years due to high demand for the purifiers in India and its subcontinent.
Rapid urbanization and increasing cases of waterborne diseases have made the consumers cautious about the health risks associated with impure drinking water, especially in developing countries such as Argentina, Paraguay, China, India, and Sri Lanka. Rising purchasing power parity of consumers in these countries has led to a positive boost in the demand over the past few years.
Some of the key players operating in the market are Best Water Technology Group; HaloSource Inc.; Brita Gmbh; Aquasana; Tata Chemicals; Eureka Forbes Limited; Panasonic; Kent RO System Ltd.; Amway Corporation; EvoQua; and GE Water & Process Technologies Inc.
Further key findings from the study suggest:
• APAC is projected to generate a revenue of USD 9.0 billion by 2025
• The RO-based product segment is projected to exhibit the fastest CAGR of 16.2% over the coming years
• Europe is expected to emerge as the second fastest growing region in the home water filtration unit market and expand at a CAGR of 16.4% over the forecast period. This trend is projected to continue over the anticipated years
• The industry is highly competitive in nature with the major players including Brita Gmbh, Aquasana, Tata Chemicals, Eureka Forbes Limited, Panasonic, Kent RO System Ltd. Amway Corporation, and EvoQua.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/home-water-filtration-unit-market
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Home Water Filtration Unit Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.2. Supplier Power
3.5.3. Buyer Power
3.5.4. Substitution Threat
3.5.5. Threat from New Entrant
3.5.6. Competitive Rivalry
3.6. Roadmap of Home water filtration unit Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Home Water Filtration Unit Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. RO-based
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.3. UV-based
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.4. Others
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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