Global Commercial Water Purifier Market, by Region, 2017-2025 (USD Million)
Synopsis
The above chart is Global Commercial Water Purifier Market, by Region, 2017-2025 (USD Million)
Market Dynamics
the global commercial water purifier market is witnessing increasing demand for pure and safe drinking water due to rising health concerns and growing awareness about water-borne diseases. according to the latest report by grand view research, inc., the market size of global commercial water purifiers is estimated to reach usd 7.89 billion by 2025, with a cagr of 6.1% from 2017 to 2025.
the asia pacific region dominates the global commercial water purifier market, accounting for the largest revenue share in 2017. this can be attributed to the high population density and increasing industrialization in countries such as china and india, resulting in a high demand for clean and safe drinking water. the growing awareness about water quality and rising investments in commercial and industrial infrastructure have also contributed to the growth of the market in this region. furthermore, the presence of major players in the region, along with government initiatives to provide safe drinking water, is also driving the market growth.
north america and europe are also significant regions in the commercial water purifier market. with strict regulations and standards regarding water quality, these regions have a high demand for commercial water purifiers in various industries such as food and beverage, healthcare, and hospitality. moreover, the increasing concerns about environmental sustainability and the need for energy-efficient solutions are also driving the demand for commercial water purifiers in these regions.
latin america and middle east & africa are also expected to witness significant growth in the coming years. the rising population and urbanization in these regions, coupled with the increasing awareness about water pollution and its impact on health, are driving the demand for commercial water purifiers. furthermore, the growing investments in infrastructure and the hospitality industry are also contributing to the market growth in these regions.
the commercial water purifier market is highly competitive, with the presence of both global and regional players. some of the key players in the market include 3m, honeywell international inc., pentair plc, ecolab inc., and culligan international company. these players are focusing on technological advancements and product innovations to cater to the increasing demand for clean and safe drinking water in various industries, thus fueling the growth of the market.
in conclusion, the global commercial water purifier market is witnessing significant growth, driven by the increasing demand for safe and clean drinking water, strict regulations, and growing investments in commercial and industrial infrastructure. with technological advancements and product innovations, the market is expected to witness further growth in the coming years, particularly in emerging economies.