The market for water purifiers is predicted to develop faster due to rising concerns about water safety. Eight billion people drink water that has been tainted with excrement, and 502,000 of those people die of diarrhoea, according to the WHO. To address these problems, government agencies are taking a variety of actions. Thus, the market for water purifiers is anticipated to benefit from the growing concern about water safety. The market is expanding as a result of an increase in the adoption of cutting-edge technology for water purification systems to guarantee the efficient removal of contaminants from the water. Acoustics nanotube technology, potable products, photocatalytic water purification technology, water filtration with nanotechnology, Euglena biofiltration system, sun spring system, sunlight, and high tech materials are some of the most significant recent advancements in water purification technology.
The global Water Purifier Market is estimated to be valued at US$ 78,939.1 billion in 2021 and is expected to exhibit a CAGR of 8.4% over the forecast period (2021-2028).
Key Leaders in the Water Purifier Industry:
1. 3M Company
3M is an America-based company that was established in the year 1929. It is a major player in the Wound Care industry. The company operates through five segments globally. In order to retain its share in the market, the company focuses on launching new and advanced products. Moreover, 3M Health Care's Medical Solutions Division announced, in October 2022, that it’s 3M V.A.C. Therapy negative pressure wound therapy (NPWT) surpassed a clinical evidence milestone of 2,000 published, peer-reviewed medical journal studies. V.A.C. This is the first and only NPWT solution to garner this number of published studies about its therapy.
2. A.O. Smith Corporation
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin. In August, 2022 A. O. Smith Corporation (NYSE: AOS) today announced it acquired Atlantic Filter Corporation, a Florida-based water treatment company in an all-cash transaction.
3. Brita, GmbH
Since 1966 when company founder Heinz Hankammer had the great idea of optimising mains water in a smart and convenient way. Headquartered in Taunusstein, Germany and is operational in more than 68 countries.
4. BWT Aktiengesellschaft
Since it was founded in 1990, BWT has been dedicated to its vision of perfect water. Today, this passion has enabled us to become Europe’s leading water technology company. The company has headquarters in Mondsee, Austria.
5. Coway Co., Ltd.
Coway Co., Ltd. provides air purifiers, water purifiers, bidets, juicers, water softeners, and other home wellness appliances. Coway Co., Ltd. was founded in 1989 and is headquartered in Seoul, South Korea. In January, 2023 Coway Co., Ltd., announced that it has been certified for its water filtration ability in low-water pressure areas with the NSF-JWPA P508 certification from NSF, awarded to the Neo Plus Water Purifier CHP-264L.
6. Culligan International Company
Founded in 1936 and headquartered in Rosemont, Illinois, Culligan International makes a real difference to people’s lives by providing clean, safe, great-tasting water to more than 100 million consumers globally. It is operational in more than 30 countries. In November, 2022 Culligan International and Waterlogic Group Holdings announced that they have signed a definitive agreement to combine and create a leader in clean and sustainable drinking water solutions and services.
7. Evoqua Water Technologies LLC
Evoqua Water Technologies Corp. provides water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and contract services for industrial, commercial, and municipal water treatment markets in the United States and internationally. The company was incorporated in 2013 and is headquartered in Pittsburgh, Pennsylvania.
8. Kinetico Inc.
Founded in 1970, Kinetico is a global manufacturer of water treatment systems for the residential, commercial and OEM markets. Headquartered in Newbury, Ohio
9. LG Electronics
LG Electronics Inc., together with its subsidiaries, manufactures and sells consumer electronics, mobile communications, and home appliances worldwide. LG Electronics Inc. was founded in 1958 and is headquartered in Seoul, South Korea.
10. Panasonic Corporation
Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through Appliances, Life Solutions, Connected Solutions, Automotive, and Industrial Solutions segments. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan. On May 2022, Panasonic helps in the upgrading of Helsinki Olympic Stadium’s fire alarm system
*Definition- A sophisticated gadget called a water purifier is used to clean water by eliminating undesired and dangerous contaminants from it.
