Deerfield Beach, FL -- (SBWIRE) -- 10/05/2017 -- Market Overview
Residential Water Purifier Market and cloud computing is a perfect combination mainly for addressing security concerns. Constant evolution of Residential Water Purifier and cloud computing is providing cost-effective, efficient and powerful infrastructures to support business analytics. The Residential Water Purifier market is experiencing a massive growth owing to the remarkable increase in organizational data and spending on R&D. Global organizational spending is estimated to reach over USD 500 billion by the end of 2024. Increasing number of heterogeneous data generated from web clicks boosting the necessity to manage and monitor the data which will significantly impel the Residential Water Purifier market growth in the near future.
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Leading industry players such as IBM, HP, Google, SAP, Cloudera, and Oracle, are progressively investing in R&D, for the development of unified Residential Water Purifier solutions to provide improved analytics and integrated management of data. Companies are focusing on mergers and acquisition to diversify their product portfolio with Residential Water Purifier and mainframe technologies. For instance, in 2015, Microsoft acquired Revolution Analytics to expand its business for cloud base platform. Similarly, IBM acquired Cloudant and Cleversafe to strengthen its cloud platform business.
Analysis of Global Residential Water Purifier Market Segment By Manufacturers
- Whirlpool Corporation
- Eureka Forbes
- Hindustan Unilever Limited (HUL)
- LG Electronics
- Amway
- 3M
- Kent RO Systems
- Panasonic Corporation
- A.O.Smith
Residential Water Purifier Market Size and Forecast (2016-2024)
North America is likely to hold the largest share of global Residential Water Purifier market in 2016 and is expected to dominate the market during the forecast period. North America Residential Water Purifier market is expected to grow at a CAGR of 15.6% during the forecast period and also over the forecast period. Huge penetration of advance technologies and increase in data generation from different industries is driving the growth of Residential Water Purifier market in the region. Europe holds the second largest share in the global Residential Water Purifier market and it is expected to grow at a CAGR of 19.1 % during the forecast period.
Rising manufacturing industries in Asia Pacific predicts APAC to be the fastest growing region for global hadoop market. Countries such as Japan, India and China are expected to lead the entire Residential Water Purifier market in Asia-Pacific region over the forecast period. Latin America and MEA regions currently holds smallest share in terms of revenue of global Residential Water Purifier market, also shows great potential to garner untapped business opportunities for Residential Water Purifier analytics and services during the forecast period.
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Market Segmentation
Global Residential Water Purifier Market is categorized on the following basis:
- Based on Technology
o Reverse Osmosis (RO) Purifier
o Ultra-violet (UV) Purifier
o Multiple technology-based water purifier
- Based on Filtration System
o Point-of-use (POU) systems
o Whole-house/point-of-entry (POE) systems
- Based on Distribution Channel
o Online Channel
o Retail Stores
Scope Background
Market Synopsis
Market Segmentation
The Global Residential Water Purifier Market is segmented as follows:
- By Type of Data (Market Size, Demand Analysis and Growth Analysis)
- By Components (Market Size, Demand Analysis and Growth Analysis)
- By Application (Market Size, Demand Analysis and Growth Analysis)
- By End-User (Market Size, Demand Analysis and Growth Analysis)
By Regions
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East and North Africa
- Rest of World
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks