Smart Water Purifier Market: Global Industry Analysis and Forecast (2022-2029)

Smart Water Purifier Market size was valued at US$ 3.30 Bn. in 2022. Smart Water Purifier will encourage a great deal of transformation in Packaging Industry.
Smart Water Purifier Market Overview:
Smart water purifier used advanced methodologies for removing unwanted chemicals, materials, and other contaminants from drinking water across both residential and commercial complexes. It is focused on eliminating substances like calcium and magnesium in order to reduce the hardness of the drinking water.To know about the Research Methodology:- Request Free Sample Report
Smart Water Purifier Market Dynamics:
The rise in water-borne diseases, the rise in people's disposable income in developing countries. These countries are expected to provide market players with opportunities due to the large population and the development of heavy industry that cause widespread water pollution. The rapid industrial development and people's awareness that cause water pollution are other factors that drive the growth of the market. Growth in the packaged drinking water market is a major driver of the water purifier market. Lack of health and hygiene awareness in rural areas shows low market saturation and is challenging the growth of the water purification market.

Smart water purification technology is gaining in popularity due to its increasing role in extending the life of the device. The demand for smarter and more user-friendly features in equipment protection systems is a trend that is strengthening the position of the market. Increasing demand for clean drinking water and tap water is driving the demand for smart water purifiers. The rapid urbanization of emerging economies and the increasing industrial demand for purified water are factors driving the growth of the market.

The incorporation of cloud connectivity and the internet of things (IoT) to prevent system malfunctions is creating new opportunities in the smart water purifier market. Integration of numerous user-friendly technologies with this equipment and manufacturers have made several profound changes in the way filtration systems are monitored via smartphones, growing popularity of IoT-based monitoring, attractive impetus from constant advancement being made in software in the smart water purifier. These factors are driving the demand for smart purifiers in the market.

Many smart features have gained some momentum and the demand for the product continues to grow. Advanced features track the condition of the cartridges in use and constantly monitor the water quality. The smart water purifier triggers a notification as to whether the cleaning technology is working optimally. With the constant progress of connectivity of smart water purifiers, the smart water purifier market is also rapidly advancing. Water purifiers with various purification technologies, especially UV, reverse osmosis, precipitate filters, Nano filtrations, and antibacterial filters, have become very popular. Residential and commercial users have shown increased awareness of these technologies and the various aspects associated with their capabilities.

The smart water purifier removes unsafe viruses, bacteria, and many other contaminants from the water, making it drinkable. Eliminating contaminants such as giardia and cryptosporidium reduces the chance of gastrointestinal illness by 33%. It also removes chlorine by-products and chlorine, reducing the risk of bladder and rectal cancer. Drinking clean water improves metabolism, maintains energy levels, improves skin health, promotes weight loss, and strengthens the body's entire immune system. The water purification system improves the taste, quality, and aroma of raw water. Filtration of water at the inlet helps improve the plumbing system and save maintenance costs. These factors are driving the demand for the product in the market.

The cleaning filter should be replaced or cleaned regularly to maintain the quality of the water purifier. Filter replacement guidelines depend only on the type of product and the technique used to clean it. POE filters should be replaced every 5-6 years, while POU filters should be replaced every 6-12 months. Such factors add to the cost of purifying water. The high maintenance cost of the filter is limiting the growth of this market.

Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2022 with market forecast until 2029.
Smart Water Purifier Market Segment Analysis:
By Category, RO Filters dominated the market with a 40 % share in 2022. Advanced filters in these can remove 99% of contaminants and are most preferred to treat hard water. These filters are costly and designed to produce water-like bottled quality. Essential minerals are not permitted through the RO system which can alter water's taste, these minerals are iron magnesium, and calcium. These factors are driving the growth of the segment through the forecast period.

Gravity Filters are expected to grow at a CAGR of 5 % through the forecast period. These filters are less expensive than RO, easily installable, they don't require electricity or continuously running water. These filters can work for a long time with timely replacement. Water is filtered by gravity as it flows from the upper to bottom compartment without any external device. These factors are expected to drive the growth of the segment through the forecast period in the market.
Smart Water Purifier Market Regional Insights:
Asia Pacific region dominated the market with a 42.5 % share in 2022. Players in the global smart water purifier market are China, India, Singapore, and Japan have aimed for geographical presence through commercial growth Infrastructure in these countries. Regulatory bodies in this region are mandating stringent standards on manufacturing water filters that meet the hardness level of water bodies. Ministry of Environmental protection overview sets the standard for drinking water in China.

These standards are strictly followed to maintain drinking water quality by water purifier manufacturers. Smart Water purifiers are less prevalent in India, there is growing awareness of water-borne diseases and their adverse effects on the body. A.O. Global leaders such as Smith Corporation and Brita LP have made significant investments in the Indian Smart Purifier Market. These factors are driving the growth of the market in this region.

North America is expected to grow at a CAGR of 5.7 % through the forecast period. The region is enriched by the presence of the most important market for Smart Water Purifiers. Participants such as Smith Corporation, Coway USA Inc., Membrane Solutions, LLC, and others. These market players use advanced technology in their existing product range. The goal is to enable consumers to use intelligent water purifiers easily and quickly on the go. These factors are expected to drive the growth of the market through the forecast period.

The objective of the report is to present a comprehensive analysis of the Smart Water Purifier market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Smart Water Purifier market dynamics, structure by analyzing the market segments and project the Smart Water Purifier market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Water Purifier market make the report investor’s guide.
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Smart Water Purifier Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.30 Bn.


Forecast Period 2023 to 2029 CAGR:
5%
Market Size in 2029:
US $ 4.65 Bn.


 Segments Covered:
by Type
• Point of use filters
• Point of end filters


by Category
• RO Filters
• UV Filters
• Gravity Filters
• Others



Smart Water Purifier Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Smart Water Purifier Market Key Players
• Brita LP
• Pentair PLC
• Culligan International Company
• Unilever PLC
• Panasonic Corporation
• LG Electronics
• Helen of Troy Limited
• Best Water Technology Group
• Kent RO Systems Ltd.
• iSpring Water Systems LLC
• The 3M Company
• Honeywell International Inc.
• General Electric Company
• Eureka Forbes Ltd.
• Smith Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Smart Water Purifier Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Smart Water Purifier Market?
Ans: The Global Smart Water Purifier Market is growing at a CAGR of 5% during forecasting period 2023-2029.

3. What is scope of the Global Smart Water Purifier Market report?
Ans: Global Smart Water Purifier Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Smart Water Purifier Market?
Ans: The important key players in the Global Smart Water Purifier Market are – Brita LP, Pentair PLC, Culligan International Company, Unilever PLC, Panasonic Corporation, LG Electronics, Helen of Troy Limited, Best Water Technology Group, Kent RO Systems Ltd., iSpring Water Systems LLC, The 3M Company, Honeywell International Inc., General Electric Company, Eureka Forbes Ltd., and Smith Corporation

5. What is the study period of this Market?
Ans: The Global Smart Water Purifier Market is studied from 2022 to 2029.