BURNABY, British Columbia — The demand for water purifiers has surged radically over the last five-year period attracting giants like Panasonic and LG to launch their own water purifiers, according to a press release.
A publication by TechSci Research, "Global Water Purifier Market Forecast & Opportunities, 2018", states that the POU (point-of-use) water purifiers market has emerged as one of the most attractive segments in consumer electronics.
The global water purifiers' market revenues are anticipated to grow at the compounded annual growth rate of around 10 percent during 2013-2018, which is forecasted to double in its revenue size by the end of 2018, stated the release.
Asia Pacific is the biggest market for water purifiers where China and India are the major contributors. The market growth of water purifiers in these regions are supported by rising domestic production, low penetration level of water purifiers, and growing awareness about water related health concerns.
Read this entire press release here.