Jsb Market Research: China Water Purifier Market Forecast and Opportunities, 2019

China Water Purifier Market Forecast and Opportunities, 2019

On 8th September 2014

China is emerging as a burgeoning market for water purifiers, majorly driven by the increasing water pollution level in the country. Continuous rise in industrialization and urbanization in China is posing a grave threat to the water resources present in the country. This is driving the adoption of water purifiers in residential as well as commercial segments to provide potable water for drinking and other applications. In 2011, the Chinese government estimated that 82% of the river water resources and 55% of the ground water resources were highly polluted with harmful contaminants like arsenic, lead, mercury, etc. As a result, consumers are inclining towards advanced water purification equipment such as RO (Reverse Osmosis), UV (Ultraviolet) filtration or UF (ultrafiltration) based water purifiers. Though China has the largest consumer base across the globe, the penetration rate of water purifiers is less than 4%. However, with rising adoption of water purifiers in the country, the penetration rate is anticipated to grow, particularly in urban regions like south central and eastern provinces. With major health concerns associated with consumption of contaminated water, the sales of water purifiers is expected to increase even among rural households in the country through the forecast period. Browse Full Report @ http://www.jsbmarketresearch.com/energy-utilities/r-China-WaterPurifier-Market-Forecast-and-Opportunities-123159 According to “China Water Purifier Market Forecast & Opportunities, 2019”, the market for water purifier in China market is projected to grow at an exponential CAGR of about 18% over the next five years. The penetration of water purifiers in urban as well as rural areas is expected to rise on account of rising awareness about water purifiers. In value terms, RO based water purifiers would continue their dominance due to their high prices, while in volume...