Water Purifier Market Size, Share, Growth Analysis, By Product Type(Point-of-use Filters (Under the Counter Filters, Counter Top Filters), By Category(RO Filters, UV Filters), By Portability(Portable Water Purifiers, Non-portable Water Purifiers), By Application(Residential, Commercial) - Industry Forecast 2024-2031

Water Purifier Market size was valued at USD 38.7 billion in 2019 and is poised to grow from USD 42.74 billion in 2023 to USD 95.4 billion by 2031, growing at a CAGR of 10.5% in the forecast period (2024-2031).

Rising disposable income in emerging economies drives the expansion of the water purifier market. Customers' purchasing power increases as their income levels rise, raising their standard of living. In addition, the increased supply of safe water by municipalities and the rise in the number of water recycling treatments are fueling the demand for water purification systems in developing nations. Due to population skill growth and an increase in employment in service-oriented industries, certain emerging economies, including Brazil and China, have seen their discretionary income surge. As a result, there was an increase in the need for water purification systems in these industries, which has contributed to the growth of the water purifier market.

Hygiene methods have become more popular as global population concerns about health and wellbeing have grown. This is a crucial element that significantly aids in the expansion of the global industry. Additionally, the health of consumers in numerous places has improved due to the wide availability of healthcare services, changes in economic and social systems, and enhanced diagnostics. The demand for purifiers is therefore fueled by an increase in health awareness and an increase in the occurrence of waterborne infections.

US Water Purifier Market is poised to grow at a sustainable CAGR for the next forecast year.