Global Mineralized Water Machine Market Size By Distribution Channel(Offline and Online), By Product(Wall-mounted mineralized water machine and Pipeline mineralized water machine), By Application(Residential, Commercial and Industrial), By Geographic Scope And Forecast
Report ID: 245386|No. of Pages: 202
Global Mineralized Water Machine Market Size By Distribution Channel(Offline and Online), By Product(Wall-mounted mineralized water machine and Pipeline mineralized water machine), By Application(Residential, Commercial and Industrial), By Geographic Scope And Forecast
Mineralized Water Machines Size And Forecast
Mineralized Water Machines Market size was valued at USD 3,997.5 Million in 2021 and is projected to reach USD 6,844.54 Million by 2030, growing at a CAGR of 6.42% from 2022 to 2030.
The mineralized water machines market growth can be attributed to its rising consumer awareness about the health and safety of drinking water across the globe. Water that contains the alkaline pH and natural minerals is associated with a lower mortality rate from the diseases such as heart and cancer. The mineral water helps to keep overall good health.
The rising concern over waterborne diseases is one of the primary factors that is shifting the preference of the consumers toward mineralized water machines. Waterborne diseases are caused by drinking contaminated water. The countries throughout the world are concerned due to waterborne diseases and seeking the solution that offers clean and value-added water. The mineralized water machines remove the contamination and add the minerals to the water. Therefore, the demand for these machines is boosting across the globe.
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Global Mineralized Water Machines Overview
Mineralized water machines include water purifiers with infused minerals as well as specific machines that operate as mineral water machines. The water purifier has become an essential component in most homes in towns and cities. Several families worldwide are now preferring water purifying systems for their homes, thus giving rise to more water purifying options and several brands offering these services. To maintain their foothold in the market companies introduced new and innovative technology which not only purified water but also infused minerals in it.
The water purifiers have a separate mineral cartridge which is also known as an alkaline filter and is Installed after Ro Membrane Filter. This is primarily done to imbibe water with a soothing and sweet taste. Furthermore, the mineral filter also enhances the Water quality by infusing essential biominerals such as calcium, magnesium, and copper among others, and making increasing its Ph Value to Above 7.
In addition, these mineral cartridges can also be used as substitutes for post Carbon filter fits in several Ro Systems and Water Purifiers. This type of purifier is generally categorized as wall mounted. With the emergence of new and novel processes and technology, the mineralized water machines can also be directly fitted to the kitchen skin system which gives direct access to mineral water through taps. Currently, water purifiers with minerals are sold by several companies such as HUL, Kent RO systems, Eureka Forbes, General Electric, and Flannel among others.
The machines are sold through traditional distribution channels as well as an online medium. The online medium has seen an augmented demand owing to consumer inclination toward it. The online sale removes time and geographical restrictions as well as lets consumers evaluate several options according to their budget and needs. Hence online distribution channel is expected to witness high growth rates over the forecast period.
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Global Mineralized Water Machines Market: Segmentation Analysis
The Global Mineralized Water Machines Market is segmented on the basis of Distribution channel, Product, Application, and Geography.
Mineralized Water Machines Market by Distribution Channel
- Offline
- Online
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Based on Distribution Channel, the market is bifurcated into Offline and Online. Offline accounted for the largest market share and is projected to grow at a CAGR of 6.34% during the forecast period. Offline distribution channels include Retail stores, Wholesaling, and supermarkets. Retail stores can be defined as a place of business, owned and operated by a retailer whereas sometimes owned and operated by a manufacturer or by someone other than a retailer in which products are sold predominantly to crucial consumers. A retail sale occurs when a business sells its products or services to an individual consumer for its use. Retail markets and shops are not a new concept; it dates back to antiquity.
Online distribution channels include Ecommerce, also known as electronic commerce or internet commerce, which refers to buying and selling goods or services with the help of the internet and transferring money and data to execute these transactions. It is often used to refer to the sale of physical products through online shopping sites. The history of e-commerce dates back to 1994. The concept of online shopping is new but is rapidly increasing with growing awareness. E-commerce vendors are not new but are the same retail store vendors who wish to expand their business through online platforms.
Mineralized Water Machines Market by Product
- Wall-mounted mineralized water machine
- Pipeline mineralized water machine
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On the basis of Product, the Global Mineralized Water Machines has been segmented into Wall-mounted mineralized water machine and Pipeline mineralized water machine. Wall-mounted Mineralized Water Machines accounted for the largest market share and is projected to grow at a CAGR of 5.56% during the forecast period.
Wall-mounted Mineralized Water Machines are mounted on the wall or the kitchen table. Wall-mounted design, best suited for home and office applications. Water purifying machines have become a necessity rather than a luxury item, due to the increasing amount of contamination in the water.
Wall-mounted systems were designed especially for the kitchens where there were no kitchen cabinets nor built-in sinks. In a wall-mounted water purifying machine, the purified water flows by gravity from the storage tank of the wall-mounted water purifier and the pressure and flow of water are slow and take more time to fill. Wall-mounted systems have some design limitations of having to fit all the water purifier parts and pure water storage tanks inside a cabinet of limited size.
Undersink or pipeline mineralized water machines are placed underneath the kitchen sink so it is hidden. The Undersink system suits the modern kitchens as they are housed inside a cabinet below the sink. The system is provided with a hydrostatic water storage tank, as a result, the water comes out with good flow and pressure, through the purified water tap or faucet. The hydrostatic tanks maintain optimal pressure which contributes to the high flow rate of water.
Mineralized Water Machines Market by Application
- Residential
- Commercial
- Industrial
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On the basis of Application, the Global Mineralized Water Machines has been segmented into Residential, Commercial and Industrial. Residential accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period. Currently, water is getting more contaminated and is not safe for drinking. Therefore, it has become a basic necessity to have a water purifier in the house to get clean drinking water. The water purification system available in the market not only cleans the water from dirt but also makes it safe by removing bacteria that cause diseases like cholera, typhoid, diarrhea, and cancer.
Moreover, a lot of minerals can be found naturally in water which is important for the human body, but consuming an excessive amount of them can cause many diseases. A good water purification system removes the excess salts, suspended particles, and microbes while retaining its essential vitamins and minerals. Some of the leading brands that offer technologically advanced purification systems for residential use are 3M, MineralPRO, and others.
In 2019, LANG announced to launch of Home Mineral Water Machine, an eponymous countertop drink system that creates filtered mineral water as well as flavored drinks. In addition to this, London studio Future Facility announced the design of a countertop filtration system for Swiss drinks company Lang, that can create Alpine mineral water at home. Studies have shown that water containing natural minerals and alkaline pH is associated with lower mortality from heart disease and cancer and overall good health
Mineralized Water Machines Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
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On the basis of regional analysis, the Global Mineralized Water Machines is classified into North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest market share and is projected to grow at a CAGR of 6.34% during the forecast period. Europe was the second-largest market in 2021. Factors such as changing and busy lifestyles of the population in the region have led to a rise in demand for water purifying products. The demand for the Under-sink or pipeline mineralized water machines products is growing prominently in the region with the rising awareness and increasing preference for modular kitchens.
Some of the factors such as the rise in consumer knowledge and awareness regarding the benefits of mineralized water machines are driving the demand for these products. People in the USA are getting more inclined toward The rise in the aging population, shifting consumers toward a healthier lifestyle, and growing personal care spending are prime driving factors towards the growth of the water purifying machines market in the U.S., which in turn propels the growth of mineralized water machine market..
Key Developments
• Uniliver is expanding its business in healthcare by launching various new products for its portfolio.
Key Players
The “Global Mineralized Water Machines Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Unilever, Midea, Haier, Ecowater Systems, Gree Global, Brita Group, Mineral Pro, Kent, Blue Star, Eureka Forbes.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2018-2030 |
| BASE YEAR | 2021 |
| FORECAST PERIOD | 2022-2030 |
| HISTORICAL PERIOD | 2018-2020 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Unilever, Midea, Haier, Ecowater Systems, Gree Global, Brita Group, Mineral Pro, Kent, Blue Star, Eureka Forbes. |
| SEGMENTS COVERED | Distribution channel, Product, Application, and Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Industry Analysis Matrix
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