Solar Water Purifier Market
- POSTED ON Saturday, April 3, 2021
Solar Water Purifier Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 8.90 % through 2020 to 2026, reaching US$ XX Mn.
Solar Water Purifier Market
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Solar Water Purifier Market Overview:
Demand for efficient water heaters is anticipated to see rapid growth every year, along with growing measures to control energy consumption due to the fast depletion of non-renewable resources. This is projected to augment market growth during the forecast period. These systems are reasonably priced to cater to a broader spectrum of customers based on their economic condition. Growing ecological consciousness in developed as well as developing regions is also estimated to result in industry development.
Rising demand for eco-friendly, dependable, & affordable technologies to heat water, especially in residential & industrial sectors, is estimated to drive industry development. The system’s capability to function at lower costs, 30 percent to 40percent lower in winters & up to 75percent lower in summer, is anticipated to spur their adoption over other products currently available in the Solar Water Heater Market.
The EPA has presented regulatory standards to effectively assess the quality of solar water heaters manufactured. It also goals to implement numerous technical & financial strategies to protect customers against substandard products that can be possibly dangerous to use. These trends have augmented industry development in the United States over the last decade & are expected to continue over the forecast period. Thermosyphon systems had the highest market share in the year 2019 & estimated to grow at the XX % CAGR during the forecast period. It accounts for the largest share of the solar water heaters market by volume as well as revenue. This is mainly due to affordable pricing & convenient installation & usage of the product. Thermosyphons are preferred with liquid-based, preferably water-based, solar water heating systems.
Increasing Demand for Purified, Potable Water in Commercial & Household Settings is driving the market growth:
The water purifier market is driven by the rising customer awareness about the occurrence of numerous pathogens & impurities in water, especially municipal supply of water in household settings. The growing demand for purified, potable water in commercial institutions has accentuated the demand for water purifiers. The need among worldwide customers for preventing water-borne diseases, like typhoid & jaundice, is a notable factor boosting the uptake of water purifiers. There is a vast unmet need in rural regions. The India water purifier market is estimated to see large momentum from rising affordability of many water purifier technologies. In households, water purifiers which are cost-effective owing to easy maintenance have gathered large steam across households, especially in rural areas.
Innovative Digital Marketing Strategies has Unleashed New Growth Momentum for market in India.
The advent of advanced campaigns, with digital marketing strategies, has imparted a large momentum to the expansion of the India water purifier market. Rapidly rising number of retail centers & franchises across the nation is a crucial factor offering robust impetus to the development of the India water purifier market. Demand for water purifier technologies also saw a big thrust from numerous government initiatives to ensure clean potable water to its citizens across the nation. Efforts by water purifier equipment companies to fuel consciousness about the effectiveness of water purification technology are improving the market.
Despite current awareness campaigns by governments & MNCs in India, there still continues lack of education among customers about the benefits of water purifiers. Most customers in rural zones rely on conventional method of boiling for making fit for drinking. Moreover, a large chunk of customers are unaware about the many external conditions for purification technology. The need for designing water purifier technology for region-specific water types for the elimination of the total dissolved salts (TDS) is an unmet one for equipment companies for customers across the nation. This might open new door of opportunity during the forecast period.
The report covers Residential, Commercial, and Industrial with a detailed analysis Solar Water Purifier Market industry with the classifications of the market on the Technology, System, Application& region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions.
However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Plastic Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in five regions. The major countries’ policies about manufacturing & Covid 19 impact on demand side are covered in the report.
Scope of the Solar Water Purifier Market: Inquire before buying
Solar Water Purifier Market1
Solar Water Purifier Market, by Region
• North America:
o CIS countries
o Rest of Europe
o South Korea
o Rest of APAC
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of MEA
• Latin America
o Rest of Latin America
Solar Water Purifier Market Key Players
• A.O. Smith
• Rheem Manufacturing
• Viessmann Manufacturing
• Wagner Solar UK
• Bradford White Corporation
• Linuo Ritter
• Honeywell Corporation
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