Water Filters Market: Global Industry Analysis And Forecast (2023-2029)

Water Filters Market size was valued at US$ 12.76 Bn. in 2022 and the total Water Filters Market revenue is expected to grow at 5.94 % from 2023 to 2029, reaching nearly US$ 19.11 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.

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:
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 2022, 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.
Regional Insights:
Asia Pacific: accounted for the largest market of water filter market in 2022 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.

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



Water Filters Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 12.76 Bn.


Forecast Period 2023 to 2029 CAGR:
5.94 %
Market Size in 2029:
US $ 19.11 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 (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
1. A.O. Smith Corporation
2. Eaton Corporation
3. Suez Water Technologies & Solutions
4. Veolia
5. DOW Water & Process Solutions
6. Evoqua Water Technologies
7. Mann-Hummel
8. Pall Corporation
9. Pentair PLC
10. Lydall Industrial Filtration
11. Atlas Filtri Engineering
12. Axeon Water Technologies
13. Culligan Water
14. Eclipse Magnetics
15. Filtra Systems
16. Mantec Filtration
17. Meissner Filtration Products, Inc.
18. Mott Corporation
19. Porex Corporation
20. 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$ 19.11 Bn.

4] What is the forecast period for the Water Filters Market?
Ans. The forecast period for the Water Filters Market is 2023-2029.

5] What was the market size of the Water Filters Market in 2022?
Ans. The market size of the Water Filters Market in 2022 was US$ 12.76 Bn.