Water Purifier Industry: Booming Development and Challenges under the New Trend of Healthy Drinking Water

Water Purifier Industry: Booming Development and Challenges under the New Trend of Healthy Drinking Water

I. Market demand surges, the industry ushered in the golden period of development

In recent years, with the global residents of healthy drinking water awareness continues to improve, the water purifier industry has shown a booming trend, the market size continues to expand, becoming a dazzling star in the field of home appliances.

According to the latest data from market research organizations, over the past five years, the global water purifier market sales grew at an average annual rate of 7.50%, and it is expected that by 2032, the market size will exceed 61630.79 million U.S. dollars.

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In the domestic market, the popularity of water purifiers is even more remarkable. With the acceleration of urbanization and the increasing prominence of water pollution, more and more families regard water purifiers as a necessary appliance to protect their family’s health.

From first-tier cities to three or four cities, and even rural areas, the figure of water purifiers can be seen everywhere.

Major e-commerce platforms, water purifier sales continue to rise, many brands have launched various promotional activities to meet the growing demand of consumers.

In some new residential neighborhoods, developers even take water purifier as a standard facility, further promoting the growth of market demand.

Water Purifier Industry: Booming Development and Challenges under the New Trend of Healthy Drinking Water.

2024-2032: Credence Research forecasts the global water purifier market size to grow from $32,145.60 million in 2023 to $61,630.79 million in 2032, at a compound annual growth rate (CAGR) of 7.50%.

2024-2030: According to QY Research, the global water dispenser and purifier market will reach $2.5 billion in 2023 and is expected to reach $3.7 billion in 2030, with a CAGR of 5.5%.

2022-2027: Digital Journal reports that the global water purifiers market size was $38,290.58 million in 2021 and is expected to grow at a CAGR of 5.33% over the 2022-2027 forecast period to reach $52,299.2 million by 2027.

2021-2030: Altus Market Research expects the global water purifier market to reach US$84695.2 Million by 2030, growing at a CAGR of 8.8% from 2021-2030.

2023-2025: According to Foresight Industry Research Institute, the global water purifier industry market size is expected to grow steadily at a CAGR of 11.5% from 2023 to 2025.