Water Purifier Market : Industry Outlook, Growth Prospects and Key Opportunities
The global water purifier market has been rising at a steady pace and going forward too will continue doing so. It is powered mainly by the growing needs of a burgeoning world population. The demand in urban pockets is comparatively much higher on account of the density of population and high levels of water pollution resulting from industrial waste and massive proportions of garbage being dumped into water bodies. Another factor serving to bolster demand in the global water purifier market is the dearth or uncertain availability of fresh water in certain parts of the world such as the Middle East. Hence, they have to depend heavily on salty sea water which needs to be desalinated before use. This has served to increase demand for water purifiers. Obtain Report Details @ http://www.transparencymarketresearch.com/water-purifier-market-2017-2025.html According to a report by Transparency Market Research, the global water purifier market, which was worth US$ 53.36 bn in 2016 will become worth US$110.02 bn by 2025 by rising at a CAGR of 8.4% during the period between 2017 and 2025. The global water purifier market can be segmented depending upon the type of accessories into pitcher filter, under sink filter, shower filter, faucet mount, water dispenser, replacement filters, counter top filters, house hold filters, etc. Of these, the replacement filters are slated outshine all others vis-Ă -vis growth rate by clocking a strong 9.5% CAGR from 2017 to 2025 because of their affordable price. The water dispensers, counter top, and pitcher filters segments are also expected to clock considerable growth in the upcoming years because of their compact size and less cycle time. Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23927 From a geographical standpoint, Asia Pacific market is the most promising market on account of its massive population of 4.4 billion, which is about 60% of the world population. According to the TMR report, the region will likely clock a robust 11.9% CAGR from 2017 to 2025. Apart