Global Mineralized Water Machine Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Wall-mounted Machines, Bibcock Machines, Pipeline Machines, and Others), By Distribution Channel (Online, Offline), By Application (Household, Commercial, Industrial, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Consumer Goods

RELEASE DATE Apr 2024
REPORT ID SI4202
PAGES 200
REPORT FORMAT PathSoft

Global Mineralized Water Machine Market Insights Forecasts to 2033

  • The Global Mineralized Water Machine Market Size was Valued at USD 4.48 Billion in 2023
  • The Market Size is Growing at a CAGR of 6.15% from 2023 to 2033
  • The Worldwide Mineralized Water Machine Market Size is Expected to Reach USD 8.14 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global Mineralized Water Machine Market

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The Global Mineralized Water Machine Market Size is Anticipated to Exceed USD 8.14 Billion by 2033, Growing at a CAGR of 6.15% from 2023 to 2033.

 

Market Overview

A device that uses minerals to filter and alkalize water is called a mineralized water machine. Using a mineralized water machine is important because it can help balance the pH levels in the body and enhance the taste and quality of the drinking water. Furthermore, a major factor that is changing consumer preference toward mineralized water machines is the growing concern over diseases that can be contracted through water. Waterborne infections arise from the consumption of tainted water. Waterborne diseases are a concern for all countries in the world, and they are looking for a solution that can provide clean, high-quality water. The water is infused with minerals and the impurities are eliminated by the mineralized water machines. As a result, there is an increasing global demand for these devices. Furthermore, the growing market for bottled water is being driven by the health-conscious population's increasing demand for mineralized water. Companies must set themselves apart from the competition and develop new products to cater to the changing demands of their target market as consumers continue to look for healthier beverage options.

 

Report Coverage

This research report categorizes the market for the global mineralized water machine market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global mineralized water machine market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global mineralized water machine market.

 

Global Mineralized Water Machine Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 4.48 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :6.15%
2033 Value Projection:USD 8.14 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Product Type, By Distribution Channel, By Application, By Region
Companies covered:: Fairey Industrial Ceramics India Private Limited, Syntegon Technology GmbH, Culligan Water, 3M, Honeywell International Inc., Pentair PLC, Watts, General Electric, Midea, Great Eastem Retail, and Others Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Driving Factors

The global mineralized water machine market is expanding due in large part to the growing demand for safe drinking water, especially in developing economies with large populations, and the lack of proper water management in certain residential areas. Customers can easily switch to bottled drinking water, which is a healthier option that lowers the intake of calories, sugar, caffeine, and other potentially dangerous ingredients. The global mineralized water machine has expanded dramatically as a result of this change in consumer preferences. In addition to purifying water, some modern mineralized water machines can modify flavor to accommodate user preferences. Drinkers can create custom flavors and purifiers can change the flavor of water by releasing trace chemicals into the water during the cleaning process. In addition, certain processes can alkalize, oxygenate, and add beneficial minerals to water, making it healthier. These are several factors driving the growth of the global mineralized water machine market.

 

Restraining Factors

To ensure water quality, mineralized water machines must be replaced regularly. The criteria for filter replacement vary depending on the product type and the technology used in the mineralized water machine. As a result, the overall maintenance cost of the mineralized water machine rises dramatically. Therefore, the high cost of filters is a key challenge for the global mineralized water machine market growth.

 

Market Segmentation

The global mineralized water machine market share is classified into product type, distribution channel, and application.

  • The wall-mounted machines segment is expected to hold the largest share of the global mineralized water machine market during the forecast period.   

Based on the product type, the global mineralized water machine market is divided into wall-mounted machines, bibcock machines, pipeline machines, and others. Among these, the wall-mounted machines segment is expected to hold the largest share of the global mineralized water machine market during the forecast period. Wall-mounted machines provide a steady and practical source of clean water by being mostly integrated into homes, workplaces, and commercial buildings. Wall-mounted machines are becoming more and more popular due to their better purification capacities, dependability, and capacity to serve a wider customer base. Furthermore, wall-mounted machines frequently use cutting-edge filtering technologies, which target a wider range of pollutants and offer a more complete solution for long-term requirements.

 

  • The offline segment is expected to grow at the fastest CAGR in the global mineralized water machine market during the forecast period.   

Based on the distribution channel, the global mineralized water machine market is divided into online, and offline. Among these, the offline segment is expected to grow at the fastest CAGR in the global mineralized water machine market during the forecast period. This growth can be ascribed to things comparable to customers' conventional purchasing behaviors, which frequently require them to physically check and buy appliances before making a choice. The demand for offline channels can be attributed to the availability of in-person consultations, individualized help, and the opportunity to watch product samples.

 

  • The household segment is expected to grow at the fastest CAGR in the global mineralized water machine market during the forecast period.   

Based on the application, the global mineralized water machine market is divided into household, commercial, industrial, and others. Among these, the household segment is expected to grow at the fastest CAGR in the global mineralized water machine market during the forecast period. Mineralized water devices are frequently used in household settings to enhance the quality of tap water. They function by taking out contaminants like chemicals and minerals and bringing back the minerals that are necessary for drinking water. However, the precise causes of their extensive use in household contexts might differ according to variables including customer preferences, the quality of the local water supply, and the accessibility of substitute water sources.

 

Regional Segment Analysis of the Global Mineralized Water Machine Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

 

North America is anticipated to hold the largest share of the global mineralized water machine market over the predicted timeframe.

 North America

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North America is anticipated to hold the largest share of the global mineralized water machine market over the predicted timeframe. Water purifying products, such as under-sink or pipeline mineralized water machines, are in high demand in North America due to the population's changing and busy lifestyles, as well as increased awareness and preference for modular kitchen designs. Factors such as increasing consumer knowledge and awareness of the benefits of mineralized water machines, an aging population, a shift toward healthier lifestyles, and increased personal care spending are driving the growth of the water purifying machines market in the United States, which in turn is propelling the mineralized water machine market.

 

Asia Pacific is expected to grow at the fastest pace in the global mineralized water machine market during the forecast period. Though water purification systems are not widely used in India, there is an increasing awareness of waterborne diseases and their negative health effects. Furthermore, key global players such as A.O. Smith Corporation, Brita LP, and others are making significant investments in the Indian water purification market. As a result, the Indian mineralized water machine market is expected to experience the fastest growth rate during the forecast period. Developed countries, such as Japan, South Korea, Australia, and New Zealand, have a high penetration rate for water purification products. Due to these several factors, the growth of the mineralized water machine market is propelling.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global mineralized water machine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Fairey Industrial Ceramics India Private Limited
  • Syntegon Technology GmbH
  • Culligan Water
  • 3M
  • Honeywell International Inc.
  • Pentair PLC
  • Watts
  • General Electric
  • Midea
  • Great Eastem Retail
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In July 2022, Pentair PLC announced that it had completed the purchase of the Manitowoc Ice from Welbilt Inc. The move would help to grow its commercial water solutions business.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global mineralized water machine market based on the below-mentioned segments: 

 

Global Mineralized Water Machine Market, By Product Type

  • Wall-mounted Machines
  • Bibcock Machines
  • Pipeline Machines
  • Others

 

Global Mineralized Water Machine Market, By Distribution Channel

  • Online
  • Offline

 

Global Mineralized Water Machine Market, By Application

  • Household
  • Commercial
  • Industrial
  • Others

 

Global Mineralized Water Machine Market, Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1.Which are the key companies that are currently operating within the market?
    Fairey Industrial Ceramics India Private Limited, Syntegon Technology GmbH, Culligan Water, 3M, Honeywell International Inc., Pentair PLC, Watts, General Electric, Midea, Great Eastem Retail, and Others.
  • 2.What is the size of the global mineralized water machine market?
    The Global Mineralized Water Machine Market is expected to grow from USD 4.48 Billion in 2023 to USD 8.14 Billion by 2033, at a CAGR of 6.15% during the forecast period 2023-2033.
  • 3.Which region is holding the largest share of the market?
    North America is anticipated to hold the largest share of the global mineralized water machine market over the predicted timeframe.

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