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The forecast for the Smart Luggage Market shows significant growth, with the industry size expected to increase from USD 0.2550 Billion in 2023 to 0.4660 billion by 2032. This represents a compound annual growth rate (CAGR) of 6.90% during the forecast period (2023 - 2032). Notably, the Portable Water Purifier Market was valued at USD 0.2345 billion in 2022.
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The surge in technological advancements and heightened consumer demand for high-quality drinking water is poised to propel the portable water purifier market. These purifiers play a crucial role in treating water-borne contaminants such as chemicals, metals, turbidity, and other impurities. Especially beneficial for individuals in remote areas or during camping, these highly efficient devices, varying in size, ensure access to high-purity drinking water on-the-go.
The portable water purifiers market has experienced steady growth, attributed to their widespread use in both developed and developing regions. The adoption of innovative technologies like ultraviolet (UV) and reverse osmosis (RO) filtration has been a key driver, resulting in the introduction of advanced products with enhanced capabilities and higher water-purifying efficiency. Moreover, increasing awareness among end-users about the health benefits of pure drinking water is expected to further propel the global portable water purifiers market.
The global portable water purifier market is projected to witness a CAGR of 6.90% over the forecast period. Factors such as improved water quality and heightened awareness regarding safe drinking water contribute significantly to the market's growth. The introduction of novel technologies like ultraviolet (UV) and reverse osmosis (RO) filtration technologies is expected to positively impact the market. Additionally, the growing demand for water purification devices due to waterborne illnesses and the adoption of environmentally friendly products further drive the market for portable water purifiers.
Growing Adoption of Ceramic Filters: The emergence of ceramic filtration accessories in portable water purifiers is gaining traction, offering efficient and cost-effective solutions. Ceramic filters are widely used for purifying brackish/sea water and provide chemical-free filtration, removing up to 99.9% of bacteria, viruses, and protozoa.
Emergence of Portable Water Purifiers with Advanced Technologies: Portable water purifiers featuring advanced technologies like ultraviolet (UV) disinfection, reverse osmosis (RO) filtration, and nano filtration are gaining popularity. Manufacturers focus on enhancing filtration capacity to deliver high-quality drinking water.
Based on technology, the market can be segmented into ultrafiltration (UF), ultraviolet (UV), reverse osmosis (RO), ceramic filters, and other technologies. The reverse osmosis (RO) segment holds a significant share and is expected to expand at a notable CAGR, driven by its use in residential applications.
In terms of regional share, Asia Pacific dominates the market, holding a significant share of 27.32% in 2018. The region is expected to maintain its dominance due to increasing awareness among consumers in countries like India and China about the health benefits of purified drinking water.
The global portable water purifier market's competitive landscape includes major players such as:
· Waterlogic Ltd.
· Philips Electronics N.V.
· Whirlpool Corporation
· BestWater International GmbH
· Panasonic Corporation
· Royal Philips N.V.
· LIFESAVER Systems Ltd.
· Brita GmbH.
These companies invest heavily in research and development to introduce advanced technologies with high purifying efficiency.
Recent industry developments include Waterlogic's launch of the Freestanding Unit (FSU) E, capable of filtering up to 50,000 liters of water, LIFESAVER Systems' introduction of the LIFESAVER Liberty, a portable water filter with a stainless steel cylinder purifying up to 1,125,000 liters, and Whirlpool Corporation's launch of the Whirlpool Clean and Clear purifier powered by RO and UV filtration technologies. The device features a multi-stage purification process and a capacity of up to 10 liters, showcasing the ongoing innovation in the portable water purifier market.
The global Portable Water Purifier Market size is projected to hit at USD 0.4660 billion by 2032
The global Portable Water Purifier Market is projected to grow at a CAGR of 6.90% during the forecast period, 2023-2032.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65373
Published on :
Oct 2023
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