Research and Markets has announced the addition of the “China Water Purifier Market Forecast & Opportunities, 2018” report to their offering.
China is one of the fastest growing economies in the world and the country’s economic growth is driven by the rapidly increasing industrialization. However, the industrialization in the country is significantly worsening the water quality. Around 63 Million people in China consume water contaminated with high fluoride. Most of the drinking water in China is supplied from seven major rivers, of which only 4% is considered as drinkable. Strict regulations regarding environment pollution are impacting the bottled water market in China which in turn is increasing the demand for residential water purifiers. The strong export market in the country is also contributing to the industry’s growth.
According to China Water Purifier Market Forecast & Opportunities, 2018, water purifier market in China has shown tremendous growth during the last few years. The water purifier market in the country is expected to grow at the CAGR of 24% till 2018. The high population density and increasing shortage of safe drinking water are contributing to the increasing demand for water purifiers in China. The domestic and foreign manufacturers are expanding their scale of operations to attain more sales in the market. In 2013, leading consumer goods company, Unilever China entered the Chinese water purifier market with its brand Pureit. The increasing concentration of arsenic and fluoride is supporting the growth of membrane based water purifiers in China.
Companies Mentioned:
– 3M China Limited
– AO Smith Water Treatment Product Co. Ltd
– GD Midea Holding Co. Ltd.
– Haier Strauss Water Co. Ltd
– Halo Source Water Purification Technology (Shanghai) Co. Ltd.
– Mitsubishi Rayon (Shanghai) Cleansui Co. Ltd
– Ningbo Qinyuan Group Co. ltd
– Panasonic Corporation
– Paragon Water System
– Shanghai Emate Industrial Co. Ltd
For more information visit http://www.researchandmarkets.com/research/tcmxth/china_water
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