According to the latest report by IMARC Group, titled "Bangladesh Gravity-based Water Purifier Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the gravity-based water purifier market in Bangladesh grew at a CAGR of 15% during 2014-2019. A gravity-based water purifier refers to a water-purification device that utilizes the mechanism of ultra-filtration or activated carbon for decontaminating water. It is widely used to filter out harmful substances, such as chemicals, pathogens, microorganisms and dissolved solids, from water, to make it potable. These purifiers do not require electricity to function, unlike numerous conventionally used water-purification solutions. They efficiently remove turbidity and pollutants to make the water suitable for consumption. Additionally, they are user-friendly in nature and relatively cost-efficient. As a result, they are extensively installed across the residential, commercial and industrial segments in Bangladesh.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Bangladesh Gravity-based Water Purifier Market Trends:
The market is primarily driven by the increasing contamination levels of drinking water in Bangladesh. A majority of the drinking water sources in the country are contaminated with toxic materials due to the spillage of heavy industrial and agricultural pollutants, thereby significantly degrading the quality of water supplied to households. This, in confluence with the growing awareness regarding waterborne diseases and rising health concerns among the masses, has impelled them to adopt effective water purification solutions, such as gravity-based water purifiers, that offer enhanced convenience. In addition to this, the improving living standard of individuals and their inflating per capita income levels have also provided a thrust to the market growth. Furthermore, the Government of Bangladesh is undertaking numerous initiatives to spread consumer awareness regarding the importance of consuming clean and safe drinking water. This, along with rapid advancements in filtration technologies and the increasing penetration of international water purification companies in the country, is expected to create a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to exhibit a double-digit growth rate during 2020-2025.
- On the basis of the product type, the market has been bifurcated into individual and community water purifiers.
- Based on the distribution channel, the market has been divided into direct sales, company outlets, online and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Eureka Forbes Limited, KENT RO Systems Ltd., LAN SHAN Enterprise Co., Ltd., Livpure Private Limited, Pure-Pro Water Corporation, Ultima, Unilever Plc, and Walton Group.
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