Overview and Scope
A water filter refers to a device that removes undesirable chemical substances, organic and inorganic elements, and biological pollutants from water. The water filters are used to eliminate contaminants and provide clean drinking water.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the water filters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the water filters market report are Eaton Corporation, Suez Water Technologies & Solutions, Veolia Water Technologies & Solutions i, Dow Water & Process Solutions, EvoQua Water Technologies.CORP, MANN+HUMMEL Gruppe, Pall Corporation, Pentair PLC, Lydall Industrial Filtration, Meissner Corporation, Mantec Filtration, Mitsubishi Chemical Corporation, EcoWater Systems LLC, ION EXCHANGE, COWAY CO.LTD, BRITA GmbH, Eureka Forbes, Abhiro water purifier, ADSORBIT, Ahlstrom-Munksjö Oyj, Alfa Laval Corporate AB, AmeriWater LLC, Aquafresh RO Systems, Aquasana Inc., Best Water Technology AG, Freudenberg Filtration Technologies SE & Co. KG, Nitto Group Company, JMCC Water Filters, Lenntech B.V., Toray Advanced Materials Korea Inc.
The water filters market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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