Water Purifier Market Research Report—Global Forecast till 2030

Impact of COVID-19 on the Global Water Purifier Market

Global Water Purifier Market has been negatively impacted in recent months owing to the lockdowns imposed in several countries worldwide. These lockdowns have temporarily halted the manufacturing of water purifiers since the pandemic outbreak in December 2019. The manufacturing companies are facing challenges owing to decreased product demand and interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses (except essential services) were not allowed to operate, which has negatively impacted the demand for water purifiers. The water purifier is a purification system used to remove suspended solids, chemicals, unwanted materials, and gases to make water fit for a specific purpose. The water purifier market is mainly driven by various factors, such as growing awareness about water-borne diseases and technological advancements in water purifiers. High equipment and maintenance costs may restrain the growth of the water purifier market.

The market is driven by various factors such as rising awareness about the ill effects of contaminated surface water, which has resulted in a significant shift in consumer preference toward technology-based water purifiers globally. Market penetration in developed countries, including the US, Canada, and Italy is relatively higher. In contrast, vast semi-urban and rural areas in developing countries such as China and India remain untapped. Hence, home water filtration units are seen as a necessity, especially in metros and urban areas due to rising microbial and chemical contamination in the surface water sources. The global water purifier market is led by Asia-Pacific in terms of revenue, followed by Europe and North America. The pandemic outbreak has hampered the demand for water purifiers significantly in the last few months. However, the demand for water purifiers is anticipated to recover in the coming months as several governments prepare to lift the lockdowns in a phased manner.

Source: The World Bank