Mineralized Water Machine Market is expected to reach USD 6.86 billion by 2030
As per the report published by Kings Research, the global Mineralized Water Machine Market was valued at USD 4.21 Billion in 2022 and is projected to reach USD 6.86 Billion by 2030, growing at a CAGR of 6.42% from 2023 to 2030.
The increasing prevalence of mineralized water dispensers in homes and offices is becoming noticeable. This trend could be attributed to the rising concerns over waterborne illnesses and the need for sustainable water solutions worldwide. These innovative machines integrate an alkaline filter or a separate mineral cartridge after the RO Membrane Filter to remove impurities from the water and infuse it with essential minerals like calcium, magnesium, and copper.
- Based on distribution channel, the offline segment held the largest market share of 63.12% in 2022
- Based on product, the wall-mounted mineralized water machines segment generated the highest revenue of USD 2.2 billion in 2022
- Based on application, the residential segment generated the highest revenue of USD 2.15 billion in 2022
- On the basis of region, North America accounted for the largest market share 34.74% in 2022
Improving Global Access to Safe Water and Wastewater Treatment
It is a crucial consideration that many countries lack access to properly optimized wastewater and drinking water treatment facilities. In low- and middle-income countries, as much as 67% of the population does not have access to sewage connections. Furthermore, approximately 20% of household wastewater that is collected within sewers does not undergo even secondary treatment, as cited in the UNICEF/WHO report of 2019
The Growing Demand for Mineralized Water Machines in a Quality-Driven Market
The rise in demand for mineralized water machines across households, commercial establishments, and industrial units has contributed to the growth of the market. The wall-mounted segment of mineralized water machines is projected to have the largest market share during the forecast period, due to its cost-effectiveness in terms of installation and maintenance compared to other types of mineralized water machines. This trend is indicated by recent market analysis, which shows a preference for wall-mounted machines among various consumers.
Additionally, the increased importance of water quality for people across the globe and how mineralized water machines can be a sustainable and convenient solution for households and businesses. There is also a growing awareness of the benefits of having essential minerals like calcium and magnesium in drinking water. As mineralized water machines offer these minerals along with an efficient filtration system, this trend is likely to continue in the future.
Sustainable Water Solutions: The Growing Popularity of Mineralized Water Machines in Europe
North America dominated the market share of 34.74% in 2022. Europe is the second fastest-growing region and generated a revenue of USD 1.2 billion in 2022. Mineralized water machines are gaining popularity in Europe as they are used to improve the quality of water by adding essential minerals like calcium and magnesium while balancing pH levels. These machines are designed to remove impurities from the water supply. With Europe's diverse range of water quality standards, mineralized water machines offer an effective solution for households that wish to improve the quality of their water supply while benefiting from the presence of essential minerals.
In addition, the popularity of mineralized water machines is growing, as it provides a cost-effective alternative to buying bottled water while positively impacting the environment by reducing plastic waste. Overall, mineralized water machines offer a sustainable solution for households in Europe that prioritize high-quality water.
Market Players Concentrating on Innovative Product Launches to Drive Market Development
The market is fragmented with key players such as Syntegon Technology GmbH, Fairey Industrial Ceramics India Private Limited, 3M, Culligan Water, Pentair, Honeywell International Inc., General Electric, Watts, Great Eastem Retail, and Midea, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.