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In 2023, dominant market players, including A.O. Smith Corporation, Brita LP, Culligan International Company, Kent RO Systems, LG Electronics, and Panasonic Corporation collectively holds around 20-25% market share. The global industry is a highly fragmented market. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
Major players operating in the water purifier industry include: