According to the latest research report titled "Smart Water Purifier Market Forecast to 2028 - COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to reach US$ 2,885.26 million by 2028, registering a CAGR of 7.6% during 2021-2028.
The increasing awareness about waterborne diseases is expected to drive the market during the forecast period. Water contamination caused by the absorption of microscopic organisms like bacteria and viruses, as well as contact with excretion, leads to waterborne illnesses such as cholera, typhoid, and diarrhea, resulting in thousands of deaths each year, particularly in emerging and underdeveloped countries where access to safe and clean water is limited. The lack of cleanliness is another significant factor contributing to severe infections. Therefore, drinking clean and pure water from water purifiers is considered the best preventive measure to avoid contracting waterborne infections.
The KENT Grand Star is an example of an advanced RO smart water purifier that incorporates multiple purification processes such as RO+UV+UF+TDS Control + UV In-tank to provide customers with 100% clean drinking water. Additionally, the Zero Water Wastage Technology utilized in the KENT Grand Star Mineral RO Water Purifier ensures that no water is wasted during the purification process. As a result, the increasing awareness regarding waterborne diseases is driving the growth of the smart water purifier market.
The global economy suffered a significant blow during the peak of the COVID-19 outbreak in 2020, and its impact continues to ravage economies and industries in several countries. Prior to the pandemic, the smart water purifier market was on an upward trajectory. However, the outbreak caused a notable slowdown in production activities across various industries that utilize smart water purifiers. The implementation of containment measures, such as lockdowns, business closures, and trade restrictions, had an adverse effect on the production and supply chain of the smart water purifier market until the second half of 2020 and during the second major outbreak in 2021.
Key Findings of Study
The smart water purifier market has a global presence, covering North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In the bottled water industry, the demand for alkaline and pH-balanced water is on the rise, resulting in stiff competition in the smart water purifier market. The increasing demand for wellness products and commodities is a driving force behind this trend, and businesses across the Consumer-Packaged Goods (CPG) market are competing for a share of the US$30 billion Americans spend on supplementary health treatments. The taste of water, particularly bottled water, has become a debatable topic, and trace minerals are now considered essential flavor components. Health concerns are not the only driving force behind the re-mineralization trend. BWT's unique magnesium technology, which returns magnesium to water during the filtering process, is an excellent example of this. This technology ensures a superior flavor, not only for pure drinking water but also for other beverages like coffee, tea, and espresso. These factors are expected to play a crucial role in the global smart water purifier market in the years to come.
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