Hazardous materials released after farming and industrial processing lead to contamination of water bodies including lakes, rivers and oceans. Most of these pollutants have heavy metals such as zinc, lead, nickel, copper, cobalt, magnesium, cadmium, chromium and molybdenum that can harm human health. As a result, there has been a rise in the demand for water purifiers to suffice the need for clean water in the residential as well as the industrial segment. Further, manufacturers are launching advanced water purification technologies, such as activated carbon filtration and reverse osmosis, to expand their overall consumer base. According to the global water purifier market report by IMARC Group, the market reached a value of US$ 33.3 Billion in 2018. Looking forward, the global water purifier market size is projected to reach US$ 54.9 Billion by 2024, at a CAGR of around 9% during 2019-2024.
Some of the major players operating in the industry include LGELECTRONICS (066570.KS), Unilever NV (UN), PANASONIC CORP (PCRFY), General Electric Company (GE), A.O. Smith Corporation (AOS), Whirlpool Corporation, Eureka Forbes Ltd., Pentair Plc, Kaz USA, Inc., Mitsubishi Rayon Cleansui Co., Ltd., Kent RO Systems Ltd., Tata Chemicals Ltd., Philip Electronics, EcoWater Systems LLC., 3M, Ion Exchange, etc
Water Purifier Manufacturer Listed below:
LG Electronics
Unilever N.V.
Panasonic Corporation
Kinetico Inc.
Aquatech International LLC
GE Appliances
A.O. Smith Corporation
Whirlpool Corporation
Eureka Forbes Ltd.
Pentair Plc
Source: IMARC Group
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