Water Filters Market At Competitively Lower Costs In The Domestic Market, Without Any Certification, And Quality Norms.
The global water filters market is forecast to reach USD 23.31 Billion by
2030, according to a new report by Reports and Data. The market is rising
rapidly in the global market due to the high demand for water filters owing to
the extreme increase of waste disposal into rivers and regulations with safe
drinking water by different regulatory bodies globally. Many households have
started adopting the technology in developed and developing countries because
of its affordable pricing.
The Municipal segment
had the highest market share of 22.5% in the year 2021 as municipal
corporations mostly conduct great safeguarding for their water supplies to
ensure the safe drinking and other safe usage of water for the habitants of
major cities and urban outskirts. They incorporate a different type of
filtration and follow the highest level of safety treatments for their supplied
water.
Asia Pacific region is
forecasted to generate the highest revenue of USD 7.36 Billion in the year
2030, owing to its extensive market penetration coupled with the rising
population mostly in China, India, and Philippines.
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Further key findings from the report suggest
- Industries such as bottled drinking water,
drinks, foods, and beverages have to manufacture the products following
the highest level of quality standards in order to ensure safety for their
consumers and achieve higher brand trust also. Industry segment is rising
with a CAGR of 7.1% during the forecast period and will deliver a revenue
of USD 3.68 Billion.
- Household usage has been proliferated
significant times in recent years due to the rise in the awareness for
safe drinking water coupled with a reduction in overall pricing of the
water filters. The segment is calculated to grow with a CAGR of 7.6%
throughout the forecast period.
- Ultra Filtration (UF) is the type of
membrane-based filtration in which hydrostatic pressure forces is embodied
to a liquid against a semipermeable membrane. The semipermeable thin
layered membrane then separates the impurities when a driving force is
applied across the membrane. This sub-segment is forecasted to gain a
market share of 9.0% by 2026 by the type of filters segment.
- By the application type, the market has
two sub-segments. One of them is storage based water filters. Storage
based designs are mostly used in household purposes as it comes with a
built-in storage tank which contains the filtered water for convenient
instant usage. This segment is growing with a CAGR of 7.7% in the forecast
period.
- APAC owing to its massive population and
record water-based diseases because of extreme waste disposal in rivers
mostly in India, Bangladesh and Afghanistan is expected to grow with the
highest CAGR of 8.2% throughout the forecast.
- North America is accounted to gain 29.1%
of market possession by 2026 with a CAGR of 7.4% in the forecast period.
- Europe is forecasted to witness
significant growth in the overall market, with 14.2% of market possession
by 2026 and CAGR of 3.8% during the forecast period.
- Key
participants include Mann-Hummel, Veolia, Suez Water Technologies &
Solutions, Kent RO Systems Ltd., Pentair Plc, Mitsubishi Rayon Cleansui
Co., EcoWater Systems LLC., Ion Exchange, EvoQua Water Technologies, Eaton
Corporation.
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For the purpose of this report, Reports and Data have segmented the
global water filters market on the basis of the type of filters, Application,
end-use verticals, and region:
Filter Outlook (Revenue,
USD Billion; 2019 – 2030)
- Single & Dual Media Filter
- Multi-Media Filtration
- Activated Carbon Filtration
- Ultra-Filtration
- Strainer Cartridge
- Others
Technology Outlook
(Revenue, USD Billion; 2019 – 2030)
- Gravity Purifiers
- RO Purifiers
- UV Purifiers
End-use Vertical
Outlook (Revenue, USD Billion; 2019 – 2030)
- Municipal
- Industrial
- Food & Beverages
- Chemicals & Petrochemicals
- Oil & Gas
- Pharmaceuticals
- Others
- Others
Regional Outlook
(Revenue, USD Billion; 2019 – 2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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