DUBLIN, April 28, 2022--(BUSINESS WIRE)--The "Middle East Residential Water Purifiers Market Forecast to 2028 - Covid-19 Impact and Regional Analysis - by Technology and Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
Increasing Expat Population and Growing Residential Construction is driving the Market Growth during 2021-2028.
The market is expected to grow from US$ 616.83 million in 2021 to US$ 961.50 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028. The report highlights key factors driving the market growth along with an analysis of the prominent players and their progress in the market.
The residential water purifier is a device used to purify drinking water and functions using different technologies, such as activated carbon, UV technology, and reverse osmosis (RO), and helps provide purified and clean water to the consumers.
The increase in the presence of expats in the Middle East region is leading to an increased demand for an improved standard of living. The United Nations (UN) declared that access to clean, safe drinking water is a basic human right and is considered an essential step toward improving living standards worldwide.
The expat population in the country is estimated to be 8.84 million, which is ~89% of the total population. Expat population in Qatar, Kuwait, and Bahrain is estimated to be 85.7%, 69.2%, and 52.0% of the total population, respectively. Thus, an increase in expat population is leading to an increased demand for clean and safe drinking water, which is driving the demand for residential water purifiers.
N M B Water Treatment L.L.C., Culligan International, Aqua Prince, Osmosis Water, Kinetico Incorporated, DKR Drinkatering Srl, Soprano Srl, Blupura Srl, Ultra Tec Water Treatment LLC, and RO Filter are among the key players operating in the Middle East residential water purifiers market.
Impact of COVID-19 Pandemic on Middle East Residential Water Purifiers Market
The demand for residential water purifiers in the Middle East was increasing before the COVID-19 pandemic due to the increased usage of residential water purifiers by the growing expat population and the increased prevalence of water-borne diseases. Most of the residential water purifiers in the Middle East were imported.
The COVID-19 pandemic adversely affected the consumer goods industry, with the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers and containment measures hampered the production of residential water purifiers, thus negatively impacting the market growth.
The trade-related restrictions also impacted the import of residential water purifiers, which negatively impacted the Middle East residential water purifiers market. However, businesses are gaining ground as the government of the Middle East eased out the previously imposed restrictions.
Furthermore, online shopping overall increased, and many residential water purifiers businesses are providing their products through the company's website or through online retailer's such as Amazon, thereby positively impacting the growth of the market.
Increasing Expat Population and Growing Residential Construction
Increasing Prevalence of Water-Borne Diseases
Consumer Preference for Bottled Drinking Water
Increasing Adoption of Smart Homes and Smart Home Appliances
N M B Water Treatment L.L.C.
Ultra Tec Water Treatment LLC
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