Rising Industrialization to Drive China B2B Water Purifier Market to $ 4.9 Billion by 2024
Unmonitored waste discharge in water sources coupled with rapid industrialization and urbanization to drive growth in China B2B water purifier market through 2024 According to TechSci Research report, “ China B2B Water Purifier Market By Type, By Mode, By End Use, By Function, By Technology, By Sales Model, By Sales Channel, Competition, Forecast & Opportunities, 2013-2024” , China B2B water purifier market stood at over $ 2.4 billion in 2018 and is projected to witness a CAGR of 12% to reach $ 4.9 billion by 2024, on account of rapid urbanization and industrialization, which is resulting in rising discharge of contaminants in water sources, thereby boosting the need for water purifiers. Moreover, investments by the leading manufacturers for advertising their products is further contributing to the growing demand for water purifiers in the country. Additionally, favorable government initiatives along with increasing adoption rate for technically advanced and...