PUBLISHER: SkyQuest | PRODUCT CODE: 1286038
PUBLISHER: SkyQuest | PRODUCT CODE: 1286038
Water Filter Cartridges Market size was valued at USD 12.45 billion in 2021 and is poised to grow from USD 13.33 billion in 2022 to USD 24.72 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).
The water filter cartridge is a piece of tubular filtration equipment that can be utilised in a variety of sectors for distinct filtration needs. To remove undesired particles, contaminants, and chemicals from water, a water filter cartridge is enclosed within a housing or casing. To provide clean, ionised, odourless, and gas-free water, it is employed in both municipal and industrial purposes. The demand for water filter cartridges is rising as more people become aware of the issues associated with drinking tainted water and the advantages of utilising filters. Rapid industrialization and diminishing water quality have been cited as causes for concern. There are several inexpensive water filters available. Additionally, as a result of this, the market for water filter cartridges has grown globally.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Water Filter Cartridges Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Water Filter Cartridges Market is segmented based on the Type, Application and region. Based on the Type, it is segmented as Pleated Depth Filter Cartridges, Industrial Depth Filter Cartridges, Membrane Filter Cartridges, Wrapped Depth Filter Cartridges, and Specialty Filter Cartridges. Based On Application, it is segmented as Municipal, and Industrial. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
By removing harmful bacteria, viruses, and other contaminants, water purifiers deliver clean drinking water. The risk of gastrointestinal sickness is 33% lower after removing giardia and cryptosporidium. Additionally, it reduces the risk of rectal and bladder cancer and removes chlorine and its metabolites. Additionally, consuming clean water supports maintaining ideal energy levels, improving skin health, lowering body weight, and boosting immunological function generally.
After purification, water flavour and taste have greater value. As a result, cooking with clean, safe water keeps the food's flavour intact. Household water filters remove minerals, which can reduce the overall quality of the water. The filtration at the water entry point significantly lowers maintenance costs and increases the lifespan of the piping.
Restraint
The market for water filter cartridges is being restricted by elements like high cartridge costs and intricate filtration configurations. The market growth for water filter cartridges may be constrained by the short lifespan of these cartridges as well as the collection or deposition of particles inside them.
Market Trends
Draining natural water resources will increase reliance on groundwater, where water filter cartridges are widely utilised in submersible water units and will primarily drive the market for new and replacement cartridges.