Water Filters Market: Global Industry Analysis And Forecast (2021-2029)

Water Filters Market size was valued at US$ 12.05 Bn. in 2021 and the total Water Filters Market revenue is expected to grow at 5.94 % from 2022 to 2029, reaching nearly US$ 19.12 Bn.

Water Filters Market Overview:

A water filter aids purify water by removing pollutants and making it safe for consumption. Water filters use particular mechanical and chemical filtration processes, which are considerably less expensive, to remove chemical pollutants or sediments from the water. Markets also provide a number of practical and secure gadgets for sophisticated filtration. Water Filters Market To know about the Research Methodology:-Request Free Sample Report According to a recent survey by the Water Quality Association, 30% of residential water utility customers were worried about the quality of the water coming out of their faucets. This may help to explain why American consumers spent more than $16 billion on bottled water in 2017 and why the market for water purifiers is expected to reach $45.3 billion by 2022 as manufacturers compete to meet customer demand. However, this market's expansion isn't just due to worries over water quality. The MMR research methodology started with gathering information on the key vendors' revenue through secondary research in order to estimate and forecast the market for unified monitoring. To divide the market into segments, by Media Type (Single & Dual Filter Media, Cartridge, Multimedia, Others), End-Use Industry (Municipal, Industrial, Food & Beverages, Chemicals & Petrochemicals, Pharmaceuticals, Oil & Gas, Others), vendors' offerings are taken into account. These segments were then confirmed through primary research by conducting in-depth interviews with important figures, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives. In order to estimate the market size, a bottom-up approach is used. Primary and secondary research is used to identify the major players in the Water Filters Market and to calculate their market revenues. In contrast to secondary research, which required examining the annual and financial reports of the leading manufacturers, primary research involved conducting interviews with major opinion leaders and business leaders in the industry, including CEOs and marketing executives. A.O. Smith Corporation, Veolia, Astellas Pharma, AstraZeneca, Pentair PLC is a few of the top significant competitors in the global water filters market for the duration of the forecast period, they are continually strategizing about mergers and acquisitions to increase their market shares and growth potential.

Water Filters Market Dynamics:

Drivers: Pollution of surface and ground water resources by domestic, industrial, and agricultural sources is the biggest problem facing the world's water supply. Urbanization generally has a negative impact on the quality of water, as has been widely established. The decreasing water quality index of freshwater resources is a big problem because they are required for almost all of the drinking and irrigation water demand. Thanks to the need for high-quality water, bottled water sales have generally increased in recent years. Around 40% to 60% of people globally are considered to be middle class. In truth, the global demand for water filters is increasing as a result of the high frequent purchase of bottled water but the perception that water filters are a more effective alternative. Evidently, convenience is guaranteed by water filters. A water filter has an advantage over bottled water just by being able to easily distribute fresh, high-quality drinking water. Additionally, water filters are low maintenance, portable, and easy to change for rapid filtration. Pure water consumption improves both mental and immunological health. Additionally, it provides tenfold advantages, from improved digestion, detoxification, and skin hydration to a lower risk of cancer. Water filters eliminate impurities from water without depleting it of necessary minerals, which is very advantageous for optimum health. As a result, the global market for water filters is experiencing tremendous growth in sales. Restraint: Due to their affordability and accessibility, replacements for water filters including packaged drinking water, bottled water, and food-safe containers are reducing the demand for water filters. Adoption of water filters is being constrained by increased disposable money, increasing health consciousness, and shifting customer tastes and preferences. Additionally, there are some low-cost alternatives to using water filters, including ceramic filters, bone char filters, slow sand filters, sink portable filters, bamboo charcoal filters, solar sterilization, solar distillation, and chlorine, which is anticipated to reduce the market's demand for water filters. It is anticipated that the use of substances like gravel, potting soil, scrap metal, cotton balls, sand, woodchips, charcoal, charcoal briquettes, and Styrofoam packing in water filters will have a detrimental effect on the demand for high-tech, expensive water filters. Opportunities: The increase in the Asia-Pacific region's per capita disposable income spurs market expansion. To create cutting-edge technologies with ultraviolet, ultrafiltration, reverse osmosis, activated carbon, and candle filtration technologies, industry companies are extensively spending on research and development operations. In addition, filter pitchers and purifiers with Wi-Fi technology are now available, which may drive the potential market. Challenges: The POU filters must be changed every 6 to 12 months whereas the purification (POE) filters must be changed every 5 to 6 years, which drives up the cost of water filtration. The difficulty facing this sector is the high cost of upkeep. Trends: • Rising Demand for Disinfection • Sensing of Water Quality in Real Time • For better flavor and health, remineralization

Water Filters Market Segment Analysis:

Water Filters Market Based on Media Type, a multimedia segment is expected to grow at the highest CAGR during the forecast period. To reduce turbidity from various water sources, multi-media filtration is used. When the Silt Density Index (SDI) is greater than 3 and the turbidity is greater than 0.2 NTU, incoming feed water that contains suspended solids, such as tiny particles, silt, grit, clay, algae, organic matter, and microorganisms results in reduced efficacy and high-pressure drop. According to studies, LG introduced LG PuriCare with multi-media RO filtering on May 23, 2022, protecting users from dangerous bacteria, smells, viruses, and metals including arsenic, rust, and lead. By End-Use Industry, in 2021, the municipal segment's revenue share was the highest. It is anticipated that the inclusion of single, dual, and multi-media filtration in municipal water supply networks will increase consumer demand for various filter types and accelerate the segment's revenue growth. During the forecast period, the industrial segment is anticipated to increase steadily. In many different businesses, water purifiers are essential for ensuring clean water at workstations by removing sediments including metals, particles, sediments, chemicals, minerals, undesirable pollutants, and others.

Water Filters Market Regional Insights:

Asia Pacific: accounted for the largest market of water filter market in 2021 thanks to the rise in population in the region, primarily in India and China. The number of households is growing owing to the growth in population and nuclear families. As a result, the market for water purifiers is being driven. Some of the reasons driving the need for water purifiers in the Asia Pacific include the rise in disposable income of the population, rise in the prevalence of waterborne diseases, growth in water pollution due to industrial expansion, and rise in health-related concerns. India: On May 18, 2022, Sharp introduced the WJ-R515V-H water purifier in India. It uses a special AF disruptor technology to guarantee the consistency and quality of filtered water. The six stages of the sophisticated filtration process provide the greatest level of purification and secure and healthful drinking water. According to BMC Public Health, utilizing unimproved water sources results in water-borne infections for 12.2% of urban inhabitants and 22.5% of older people living in rural areas in India. Different APAC nations' technological advancements and the creation of new products are anticipated to fuel market revenue growth. Europe: is predicted to grow at a CAGR of 6.4% over the forecast period and rank as the second fastest-growing regional market. Growing jaundice and waterborne infection instances increased urban population awareness of sanitation, and the region's explosive residential development growth are all contributing factors to the demand for domestic water purifiers. Water Filters Market Competitive Landscape: The competitive landscape section in the water filter market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights into the key developments, differential strategies, and other crucial aspects of the key players having a stronghold in the water filter market. • Pentair Rocean Reservoir, a novel, environmentally conscious, and avant-garde water filtration system for giving customers clearer tap water, was introduced by Pentair plc on April 28, 2022. Pentair Roceans' goal is to offer consumers an alternative to bottled water by using InstaClean Technology and certification for removing 76 contaminants, which is anticipated to spur market revenue development. • In order to assist clients in achieving water discharge regulatory compliance at the most affordable price, Compass Water Solutions, Inc., a supplier of industrial water based on membrane technology, was acquired by CECO Environmental Corp. (CECO) on May 10, 2022. The Peerless-Skimovex brand, which is supported by this deal and is anticipated to offer engineered solutions and grow market share, has pushed the adoption of industrial water technology. The objective of the report is to present a comprehensive analysis of the Water Filters Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. The report also helps in understanding the Water Filters Market dynamics, and structure by analyzing the market segments and projecting the Water Filters Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Water Filters Market make the report investor’s guide.

Water Filters Market Scope: Inquire before buying

Global Water Filters Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 12.05 Bn.
Forecast Period 2022 to 2029 CAGR: 5.94 % Market Size in 2029: US $ 19.12 Bn.
Segments Covered: by Media Type • Single & Dual Filter Media • Cartridge • Multimedia • Others
by End-Use Industry • Municipal • Industrial • Food & Beverages • Chemicals & Petrochemicals • Pharmaceuticals • Oil & Gas • Others
by Technology • Gravity Purifiers • RO Purifiers • UV Purifiers
by Distribution Channel • Retail Stores • Direct Sales • Online

Water Filters Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Water Filters Market Key Players

A.O. Smith Corporation • Eaton Corporation • Suez Water Technologies & Solutions • Veolia • DOW Water & Process Solutions • Evoqua Water Technologies • Mann-Hummel • Pall Corporation • Pentair PLC • Lydall Industrial Filtration • Atlas Filtri Engineering • Axeon Water Technologies • Culligan Water • Eclipse Magnetics • Filtra Systems • Mantec Filtration • Meissner Filtration Products, Inc. • Mott Corporation • Porex Corporation • Russell Finex Ltd. Frequently Asked Questions: 1] What segments are covered in the Water Filters Market report? Ans. The segments covered in the Water Filters Market report are based on Media Type, End-Use Industry, Technology, Distribution Channel. 2] Which region is expected to hold the highest share in the Water Filters Market? Ans. APAC region is expected to hold the highest share in the Water Filters Market. 3] What is the market size of the Water Filters Market by 2029? Ans. The market size of the Water Filters Market by 2029 is US$ 19.12 Bn. 4] What is the forecast period for the Water Filters Market? Ans. The forecast period for the Water Filters Market is 2022-2029. 5] What was the market size of the Water Filters Market in 2021? Ans. The market size of the Water Filters Market in 2021 was US$ 12.05 Bn.
1. Global Water Filters Market: Research Methodology 2. Global Water Filters Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Water Filters Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Water Filters Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Water Filters Market Segmentation 4.1 Global Water Filters Market, by Media Type (2021-2029) • Single & Dual Filter Media • Cartridge • Multimedia • Others 4.2 Global Water Filters Market, by End-Use Industry (2021-2029) • Municipal • Industrial • Food & Beverages • Chemicals & Petrochemicals • Pharmaceuticals • Oil & Gas • Others 4.3 Global Water Filters Market, by Technology (2021-2029) • Gravity Purifiers • RO Purifiers • UV Purifiers 4.4 Global Water Filters Market, by Distribution Channel (2021-2029) • Retail Stores • Direct Sales • Online 5. North America Water Filters Market(2021-2029) 5.1 North America Water Filters Market, by Media Type (2021-2029) • Single & Dual Filter Media • Cartridge • Multimedia • Others 5.2 North America Water Filters Market, by End-Use Industry (2021-2029) • Municipal • Industrial • Food & Beverages • Chemicals & Petrochemicals • Pharmaceuticals • Oil & Gas • Others 5.3 North America Water Filters Market, by Technology (2021-2029) • Gravity Purifiers • RO Purifiers • UV Purifiers 5.4 North America Water Filters Market, by Distribution Channel (2021-2029) • Retail Stores • Direct Sales • Online 5.5 North America Water Filters Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Water Filters Market (2021-2029) 6.1. European Water Filters Market, by Media Type (2021-2029) 6.2. European Water Filters Market, by End-Use Industry (2021-2029) 6.3. European Water Filters Market, by Technology (2021-2029) 6.4. European Water Filters Market, by Distribution Channel (2021-2029) 6.5. European Water Filters Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Water Filters Market (2021-2029) 7.1. Asia Pacific Water Filters Market, by Media Type (2021-2029) 7.2. Asia Pacific Water Filters Market, by End-Use Industry (2021-2029) 7.3. Asia Pacific Water Filters Market, by Technology (2021-2029) 7.4. Asia Pacific Water Filters Market, by Distribution Channel (2021-2029) 7.5. Asia Pacific Water Filters Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Water Filters Market (2021-2029) 8.1 Middle East and Africa Water Filters Market, by Media Type (2021-2029) 8.2. Middle East and Africa Water Filters Market, by End-Use Industry (2021-2029) 8.3. Middle East and Africa Water Filters Market, by Technology (2021-2029) 8.4. Middle East and Africa Water Filters Market, by Distribution Channel (2021-2029) 8.5. Middle East and Africa Water Filters Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Water Filters Market (2021-2029) 9.1. South America Water Filters Market, by Media Type (2021-2029) 9.2. South America Water Filters Market, by End-Use Industry (2021-2029) 9.3. South America Water Filters Market, by Technology (2021-2029) 9.4. South America Water Filters Market, by Distribution Channel (2021-2029) 9.5. South America Water Filters Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 A.O. Smith Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Eaton Corporation 10.3 Suez Water Technologies & Solutions 10.4 Veolia 10.5 DOW Water & Process Solutions 10.6 Evoqua Water Technologies 10.7 Mann-Hummel 10.8 Pall Corporation 10.9 Pentair PLC 10.10 Lydall Industrial Filtration 10.11 Atlas Filtri Engineering 10.12 Axeon Water Technologies 10.13 Culligan Water 10.14 Eclipse Magnetics 10.15 Filtra Systems 10.16 Mantec Filtration 10.17 Meissner Filtration Products, Inc. 10.18 Mott Corporation 10.19 Porex Corporation 10.20 Russell Finex Ltd.

About This Report

Report ID 29968
Category Engineering Equipment
Published Date Aug 2022
Updated Date