China Water Purifiers Market to Witness Growth of over 25% Through 2020 Says TechSci Research
Jun 10, 2015, 10:30 ET
BURNABY, Canada, June 10, 2015 /PRNewswire/ --
Introduction of advanced water purification technologies, growing health awareness and increasing water contamination to drive water purifiers market in China
According to TechSci Research report "China Water Purifiers Market Forecast & Opportunities, 2020", the market for water purifiers in China is anticipated to grow at a CAGR of over 25% during 2015-20. Majority of the water supplied by municipal authorities in China does not meet the standards set by the local government bodies. Increasing public awareness about drinking water safety, lack of access to clean drinking water over the yearsand rising water pollution levels are driving demand for water purifiers in China.
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On the basis of technology, water purifiers are segmented into RO, UV and gravity/offline water purifiers. Reverse Osmosis and UV purification are the two more prevalent technologies that account for a lion's share in China water purifiers market. Gravity water purifiers segment has also gained some ground over the last few years on account of low cost and maintenance factor. However, high replacement frequency and limited removal efficiency have restricted the growth of this segment. Moreover, increasing industrial discharge, along with domestic sewerage discharge and rise in disposable income of consumers are some of the leading factors that have led to the adoption of RO water purifiers to provide clean drinking water to people and are estimated to capture over 60% of water purifiers market in China by 2020.
"Rising industrialization is posing a huge threat to water resources in China. Deteriorating water quality coupled with increasing health awareness among Chinese consumers is expected to boost the adoption of water purifiers in the country over the next five years." saidMr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"China Water Purifiers Market Forecast & Opportunities, 2020" has evaluated the future growth potential of China Water Purifier Market and provides statistics and information on market structure, industry behaviour and trends. The report includes water purifier's market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends in China's water purifier market.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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