Water Filters Market - Global Outlook & Forecast 2022-2027

Water Filters Market - Global Outlook & Forecast 2022-2027

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Water Filters Market Report

The water filters market by revenue is expected to grow at a CAGR of over 6% during the period 2022–2027.

The presence of major players such as SUEZ, Pall Corporation, Pentair, Veolia, DuPont is expected to boost the sales of water filters that generally utilize the activated carbon and ion exchange filters with enrichment vitamin E and C. However, the governmental policies, the rising waterborne diseases, awareness among the millennial population, and the rise in the environmental impact of bottled water are expected to propel the market for water treatment systems.

THIS REPORT ADDRESSES:

• Deteriorating Water Quality
• Growth in Smart Water Filters
• Technological Advancements
• Potential in Aftermarket
• Rise in Awareness on Water-Borne Diseases
• Importance of RO Filtration Systems

KEY POINTS

• One of the most common ways to purify the personalized water supply is through water filtration systems that are also more cost-effective when compared with bottled water, eventually propelling the growth of the water filters market.
• The water filters are designed to remove impurities from the water including sediments, taste, odor, bacteria, herbicides, pesticides to improve the quality of residential applications such as drinking, cooking, bathing, and other appliances. Mechanical, absorption, ion exchange, reverse osmosis (RO) is some of the most common filtration methods available in the market.
• Germany accounted for the largest market for water filters in the European region, followed by the UK. While Italy and Spain are regarded as other potential markets, the scope for filters is comparatively low in Scandinavian countries, owing to the high quality and safe tap water boost investors confidence in the market.

THIS RESEARCH REPORT INCLUDE A DETAILED ANALYSIS BY:

SEGMENTATION ANALYSIS

• Improving the taste and odor of tap water for drinking has been the major objective of players in the market that makes drinking as dominant end-use in the residential segment.
• Filter cartridges are used in numerous industrial applications to trap contaminants and solid waste. In addition, cartridges filters eliminate submicron particulate matter. The revenue for the cartridge segment is expected to reach USD 5.38 billion by 2027, growing at a CAGR of 6.66% during the forecast period.
• Dual filters provide efficient particle removal under the conditions of a high filtration rate. Wastewater treatment plants are significant as normal water comprises impurities that can be harmful to humans, animals, and the environment. Therefore, the application of dual filters is the best solution for contaminated water. Thereby, technology experiencing top-line growth in the market.

Market Segmentation by Media Type

• Single and Dual Stage
• Cartridges
• Multimedia

Market Segmentation by Application

• Water Dispenser
• Home Water Filtration
• Washing Machine and Refrigerator
• Water Softening
• Others

Market Segmentation by Distribution

• Offline
• Online

Market Segmentation by End-Users

• Residential
• Commercial
• Industrial

GEOGRAPHICAL ANALYSIS

• APAC was the fastest-growing market for water filters with China being the market leader in 2021. The growth is mainly supported by strong economic development and booming middle-class consumers in India and China. APAC region which is expected to account for over 70% of the middle-class population by 2030, thus possesses a huge positive influence on the market growth with driving demand for the water filters market.
• Italy and Spain are considered as other potential markets, the scope for filters is comparatively low in Scandinavian countries, owing to the high quality and safe tap water. The high proportion of bottled water consumption, presence of natural aquifers, strict water management policies as guided by EU directives are major challenges for water filter vendors in the region where the expected absolute growth is confined to 38.61%.

Market Segmentation by Geography

• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• APAC
• China
• Japan
• India
• Australia
• Indonesia
• Latin America
• Mexico
• Brazil
• Middle East and Africa
• Turkey
• Saudi Arabia
• South Africa

VENDOR ANALYSIS

• Low product differentiation in the high-end markets results in the moderate bargaining power of buyers. With the expected rise in new vendors across the globe, competition is expected to witness a surge with vendors investing in R&D facilities, eventually boosting the vendors' confidence in the market.
• Pentair is a BBB Accredited Business and an active Water Quality Association member. It is also a DVGW Certified company striving to offer innovative, eco-friendly, and cost-effective residences. Consumers give high preference to the certifications of products like NSF/ANSI as they signify the quality and standard of the filters that anticipate the market's growth.

Prominent Vendors

• Pentair
• SUEZ
• Pall Corporation
• Veolia
• DuPont

Other Prominent Vendors

• Evoqua Water Technologies
• Culligan
• MANN+HUMMEL Water & Fluid Solutions
• AXEON Water Technologies
• Ion Exchange
• EcoWater Systems
• KENT RO Systems
• Meissner Filtration Products
• Porex
• Aquasana
• APEC Water Systems
• iSpring Water Systems
• 3M
• GHP Group
• Express Water
• Helen of Troy
• Big Berkey Water Filters
• AquaHomeGroup
• SpringWell Water Filtration Systems
• Aquafilter

KEY QUESTIONS ANSWERED:

1. What is the size of the water filters market and growth rate during the forecast period?

2. Who are the key players in the water filters market?

3. Which region dominates the highest market share in the water filters market?

4. What are the driving factors associated with the water filtration systems in the residential sector?

5. What are the major attributes accounting for the purity level of water in the Water filters market?

6. What are the attributes expected to determine the level of adoption in the next 5 years?