Retail Store Segment to Dominate SAM Smart Water Purifier Market during 2021–2028
According to The Insight Partners market research study on “SAM Smart Water Purifier Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Connectivity, Technology, End User, and Sales Channel” is expected to reach US$ 92.04 million by 2028 from US$ 73.79 million in 2021. The market is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The report provides trends prevailing in the SAM smart water purifier market along with the drivers and restraints pertaining to the market growth. Increasing awareness regarding waterborne diseases is the major factor driving the growth of the SAM smart water purifier market. However, issues associated with the high equipment and maintenance costs hinder the growth of SAM smart water purifier market.
The SAM smart water purifier market is segmented based on connectivity, technology, end user, sales channel, and country. Based on connectivity, the market is segmented into Wi-Fi, Bluetooth, and smart app. The Wi-Fi segment dominated the market in 2020 and smart app segment is expected to be the fastest growing during the forecast period. Based on technology, the market is segmented into ultra-filtration (UF), ultraviolet (UV), reverse osmosis, multi-stage purifiers, and others. The reverse osmosis segment dominated the market in 2020 and multi-stage purifiers segment is expected to be the fastest growing during the forecast period. Based on end user, the market is segmented into residential, commercial, and industrial. The residential segment dominated the market in 2020 and commercial segment is expected to be the fastest growing during the forecast period. Based on sales channel, the market is segmented into retail store, direct sales, and online. The retail store segment dominated the market in 2020 and online segment is expected to be the fastest growing during the forecast period. Based on country, SAM smart water purifier market is classified into the Brazil, Argentina, and Rest of SAM.
3M; A.O. Smith Water Technologies; Coway USA, Inc; LG Electronics; Membrane Solutions, LLC; and Xiaomi Corporation are among the leading companies in the SAM smart water purifier market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, 3M announced the investment of approximately US$ 1 billion between 2021-2031 to accelerate its new environmental goals, including reaching carbon neutrality by 2050, reducing water use by 25% at its facilities, and return higher quality water to the environment. The company aims to accelerate the improvement of its manufacturing operations through this investment.
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