Commercial Water Purifiers Market to Grow at CAGR 22% Till 2021, Says TechSci Research
NEW YORK, June 20, 2016 /PRNewswire/ --
Growing demand from commercial sector coupled with increasing health awareness and government focus to drive adoption of water purifiers in commercial establishments.
According to TechSci Research report "Global Commercial Water Purifiers Market By Technology, By Region, Competition Forecast and Opportunities, 2011 - 2021", global commercial water purifiers market is projected to grow at a CAGR of over 22% during 2016-2021, on account of increasing number of restaurants, cafeterias, commercial complexes, tea shops, fast food outlets, etc., and continuing industrial expansion across the globe. Moreover, increasing government regulations regarding effluent discharge and advancements in water purification technologies aimed at improving potable water quality, reducing industrial wastewater discharge and enhancing water treatment and recycling rates are also expected to boost commercial water purifiers market through 2020.
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Browse 31 market data Tables and 125 Figures spread through 200 Pages and an in-depth TOC on
"Global Commercial Water Purifiers Market"
Membrane based commercial water purifiers accounted for a majority revenue share in the global commercial water purifiers market in 2015, due to growing demand for safe and clean drinking water in commercial establishments. Several types of membranes are used in commercial water purifiers including microfiltration membranes, ultrafiltration membranes, nanofiltration membranes and reverse osmosis (RO) membranes. RO membranes dominate global membrane based commercial water purifiers market, on account of their ability to reduce dissolved salts. Media based and UV based commercial water purifiers are other major types of commercial water purifiers used across the globe.
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"Asia-Pacific accounted for around one-third of the revenue share in the global commercial water purifiers market in 2015. Increasing awareness levels among consumers regarding harmful effects of consumption of contaminated water and growing inclination towards adoption of advanced water purifiers are propelling demand for commercial water purifiers in the region. In addition, expanding office spaces, booming tourism, and rapidly expanding retail food chains are some of the other major factors driving the sales of water purifiers in the commercial sector.", said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
Asia-Pacific is expected to continue its dominance in the global commercial water purifiers market during 2016-2021. Overall water resources in China have declined by 12.7% since 2000. Scarcity of water resources coupled with deteriorating water quality is projected to boost demand for commercial water purifiers in the country over the next five years. Moreover, India accounts for over 15% of global population, but has only 4% of total global water reserves. On account of rising commercial activities, and increasing awareness about benefits of consuming safe drinking water and harmful effects of increasing TDS level in ground and surface water, demand for commercial water purifiers is expected to witness robust growth in both the countries through 2021.
"Global Commercial Water Purifiers Market By Technology, By Region, Competition Forecast and Opportunities, 2011 - 2021" has analyzed the prospective demand of water purifiers in the commercial sector, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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