According to the latest report by IMARC Group, titled “Bangladesh Gravity Based Water Purifier Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The Bangladesh gravity-based water purifier market size reached US$ 67.0 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 141.2 Million by 2027, exhibiting a growth rate (CAGR) of 13.1% during 2022-2027.
Gravity-based water purifiers are non-electric purifiers that help in removing undesirable chemicals, biological contaminants, and suspended solids and gases from water. These purifiers have two compartments that are separated by a microfiber mesh (MF) or Ultra-Filtration membrane. The water is filtered through an activated carbon filter, which removes dirt, dust, bacteria, viruses, cysts and parasites. As these purifiers are affordable and do not require electricity, they are widely preferred in Bangladesh, especially in the remote areas.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Market Trends:
On account of the rising population and rapid industrialization, the water bodies in Bangladesh have become polluted by heavy metals, such as arsenic, and bacteria. This is escalating the demand for water purifiers in the country. Furthermore, the increasing disposable incomes and the growing awareness among individuals about water contamination are driving the market growth. Apart from this, several manufacturers operating in the industry are offering incentives, such as discounts, to expand their consumer base. This is expected to create a positive outlook for the market in the coming years.
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Key Market Segmentation:
Competitive Landscape Key Player:
• Eureka Forbes
• Kent RO Systems Ltd.
• LAN SHAN Enterprise Co, Ltd.
• Livpure Private Limited
• Pure-Pro Water Corporation
• Ultima Care
• Unilever PLC
• Walton Group
Breakup by Product Type:
• Individual Water Purifiers
• Community Water Purifiers
Porters Five Forces Analysis:
• Overview
• Bargaining Power of Buyers
• Bargaining Power of Suppliers
• Degree of Competition
• Threat of New Entrants
• Threat of Substitutes
Breakup by Distribution Channel:
• Direct Sales
• Company Outlets
• Online
• Others
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Competitive Structure
• Profiles of Key Players
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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This release was published on openPR.