China Water Purifiers Market to Grow at CAGR 18% until 2025: TechSci Research Report
NEW YORK, February 2, 2017 /PRNewswire/ --
Rapid industrialization, growing consumer awareness about water quality and safety, and rising technological advancements to drive demand for water purifiers in China through 2025
According to TechSci Research report, "China Water Purifiers Market By Technology, By Sales Channel, Competition Forecast and Opportunities, 2011-2025'’, water purifiers market in China is forecast to grow at a CAGR of more than 18% during 2016-2025, on account of strong growth in manufacturing sector, unmonitored waste discharge in water sources, rapid industrialization and rising urbanization. In 2016, China Ministry of Water Resources reported over 80% of ground water is unhealthy for domestic and drinking purposes, and contains heavy metals, toxic compounds and other contaminants. Robust growth in China water purifiers market can also be attributed to rising number of waterborne diseases and health disorders.
Browse 2 market data Tables and 52 Figures spread through 115 Pages and an in-depth TOC on
"China Water Purifiers Market"
In 2015, China's urbanization and industrialization rates stood at growth of 55.60% and 42.80%, respectively. On the back of heavy water pollution caused by numerous industrial set ups in provinces such as Shanghai, Nanjing, Qingdao and Hangzhou, and Eastern China dominated demand for water purifiers in China. Increasing levels of wastewater discharge from agriculture and chemical industries in the region is fueling demand for water purifiers in China. Technology advancements in China has interrupted conventional way of brand building and marketing pertaining to water purifiers. Indirect sales channel dominated sales of water purifiers in China, owing to growing online sales coupled with well-established logistics and distribution network in China.
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"China water purifiers market is dominated by offline/gravity water purifiers due to their relatively low cost and rising awareness levels in rural areas about benefits of water purifiers. Moreover, offline/gravity water purifiers are energy independent, require minimum maintenance and can be installed at a very low price. However, consumers in the country are slowly opting for advanced technology based water purifiers such as membrane water purifiers and combined technology based water purifiers due to their high efficiency in eliminating pathogenic microorganisms and other contaminants. Rising standards of living and growing disposable income levels are further anticipated to propel demand for advanced technology based water purifiers in China through 2025.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"China Water Purifiers Market By Technology, By Sales Channel, Competition Forecast and Opportunities, 2011-2025" has evaluated the future growth potential of China water purifiers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in China water purifiers market.
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