The Water Filters Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Water Filters Global Market Report 2024, The water filters market size has grown strongly in recent years. It will grow from $13.97 billion in 2023 to $15.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to water contamination concerns, health awareness and safety, environmental awareness, urbanization and industrialization, infrastructure challenges.
The water filters market size is expected to see strong growth in the next few years. It will grow to $20.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to stringent government regulations, consumer demand for convenience, continued global water crisis, shift from bottled water, emphasis on healthier lifestyles. Major trends in the forecast period include introduction of digital tools, smart app integration, technological advancements, collaborations.
The increasing focus on water purification and water quality is driving the growth of the water filtration market. Wastewater treatment removes suspended solids as possible before discharging the leftover water, known as effluent, back into the environment. As solid matter decays, it consumes oxygen, which is required by the plants and animals that live in the water. The demand for wastewater treatment and filtration is increasing as water-related illnesses are increasing and are the greatest cause of sickness and death. For instance, the United Nations Organization established Sustainable Development Goals for all its members with an agenda to ensure responsible growth by 2030. These goals include ensuring availability and equitable access to drinking water, improving water quality by reducing pollution and preventing the dumping of hazardous waste, building safe and resilient infrastructure, integrating measures to tackle climate change in national policies and the promotion of sustainable use of marine and terrestrial resources. Therefore, the increasing focus on water purification and water quality is expected to propel the growth of the water filter market.
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The water filters market covered in this report is segmented –
1) By Filters: Single And Dual Media Filter, Multi-Media Filtration, Activated Carbon Filtration, Ultra-Filtration, Strainer Cartridge, Other Filters
2) By Technology: Gravity Purifiers, RO Purifiers, UV Purifiers
3) By End-Use Verticals: Municipal, Industrial, Other End-Use Verticals
Top Major Players:
- Eaton Corporation
- Suez Water Technologies & Solutions
- Veolia Water Technologies & Solutions i
- Dow Water & Process Solutions
- EvoQua Water Technologies.CORP
Asia-Pacific was the largest region in the water filters market in 2023.
Technological development is a major trend gaining popularity in the water filters market. Major companies in the water phase filtration sector are focused on technological advancements and sustainable alternatives to expand market reach and presence. For instance, in April 2022, Pentair, a US-based water treatment company, launched a long-lasting water filtration device that gives customers better tap water. The device is powered by InstaClean Technology and certified to reduce or remove 76 contaminants. By decreasing the usage of single-use plastic water bottles and giving customers access to cleaner household water, the company hopes to offer a sustainable substitute for bottled water.
The water filters market report table of contents includes:
1. Executive Summary
2. Water Filters Market Characteristics
3. Water Filters Market Trends And Strategies
4. Water Filters Market – Macro Economic Scenario
5. Global Water Filters Market Size and Growth
…….
26. Global Water Filters Market Competitive Benchmarking
27. Global Water Filters Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Water Filters Market
29. Water Filters Market Future Outlook and Potential Analysis
30. Appendix
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