PUBLISHER: BCC Research | PRODUCT CODE: 1069938
PUBLISHER: BCC Research | PRODUCT CODE: 1069938
The global market for water filtration systems reached $6.0 billion in 2021. The market should grow from $6.6 billion in 2022 to $12.1 billion by 2027, at a compound annual growth rate (CAGR) of 12.9% during 2022-2027.
The global market for water filtration in purification applications should grow from $4.8 billion in 2022 to $9.1 billion by 2027, at a CAGR of 13.7% during 2022-2027.
The global market for water filtration in desalination applications should grow from $1.8 billion in 2022 to $3.0 billion by 2027, at a CAGR of 10.8% during 2022-2027.
This report covers the technological, economic and business considerations of the water filtration market, with analyses and forecasts provided for the global market. The report explores the market forces relevant to water filtration and their areas of application.
Regional market are presented by type of water filtration along with growth forecasts through 2027. Estimates of sales are based on the price in the supply chain at which the water filters are procured by the manufacturers.
International aspects are analyzed for all world regions and types of water filtration technology. Brief profiles of major global manufacturers are presented.
The COVID-19 pandemic halted the progress of economies worldwide. After taking measures to lock down their respective countries to contain the spread of the coronavirus, especially in affected cities, various governments worldwide also took many measures necessary to resuscitate their economies.
The report considers the impact of COVID-19. In 2020, the growth rate of every industry across the world was impacted by the pandemic, and the water filtration market was also indirectly affected. The market is, however, expected to bounce back in 2022, due to the relief packages or disaster aid packages provided by various governments to boost their economies.