Global Water Filter Market Size, Share, Growth Analysis, By Filters, By Technology, By Application, By End-use verticals

Description

Market Insights

Global Water Filter Market size was valued at USD 12.45 billion in 2021 and is poised to grow from USD 14.28 billion in 2023 to USD 23.08 billion by 2030, at a CAGR of 7.1% during the forecast period (2023-2030).

The global water filter market is experiencing substantial growth due to increasing concerns about water quality. The demand for clean and safe drinking water, coupled with rising awareness of waterborne diseases, drives market expansion. Innovative technologies like activated carbon, reverse osmosis, and UV filtration are being adopted widely. Both residential and commercial sectors are contributing to the market's surge, with Asia-Pacific exhibiting significant growth. As environmental consciousness rises, consumers are seeking sustainable and efficient water filtration solutions, further propelling market development.

Top-down and bottom-up approaches were used to estimate and validate the size of water filter 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.

Segmental Analysis

The water filter market can be segmented based on filters (single and dual media, multi-media filtration), technology (gravity purifiers, RO [Reverse Osmosis] purifiers), end-use verticals (municipal, food and beverages), and region. Single and dual media filters, along with multi-media filtration, are widely used filtration methods. Gravity purifiers and RO purifiers represent different technologies employed in water filtration systems. The market's end-use verticals include municipal applications and the food and beverage industry. Geographically, the market is analyzed across various regions. The insights gained from these segments provide a comprehensive understanding of the water filter market, its diverse filtration methods, technologies, end-use applications, and regional dynamics.

Drivers

Rising instances of waterborne illnesses, contamination in water reservoirs, and the imperative of minimizing health hazards are propelling the demand for water filters. These filtration systems play a pivotal role in diminishing waterborne diseases and eliminating harmful metals, thereby ensuring global access to uncontaminated drinking water.

Restraints

The presence and economical nature of alternatives such as packaged potable water, bottled water, and food-grade containers are impeding the market growth of water filters. Consumers, motivated by factors such as rising disposable income, heightened health consciousness, and evolving preferences, are choosing these replacements over investing in water filters.

Market Trends

The global water filter industry is undergoing significant transformations influencing its expansion. Primarily, a surge in the requirement for cutting-edge filtration methods like reverse osmosis (RO), ultraviolet (UV) sterilization, and gravity-based purifiers is propelled by heightened apprehensions regarding water pollution and the essentiality of safe drinking water. Secondly, a growing emphasis on ecological soundness and environmentally friendly alternatives is spurring the creation of inventive, energy-efficient water filtration systems that curtail water wastage and ecological consequences.

Product Code: SQMIG45L2009

Executive Summary

Market Overview
Wheel of Fortune
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Key Market Insights
Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Regulatory Landscape
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
Political Impact
Economic Impact
Social Impact
Technical Impact
Environmental Impact
Legal Impact
Global Water Filter Market by Filters
Market Overview
Single and Dual Media
Multi-Media Filtration
Global Water Filter Market by Technology
Market Overview
Gravity Purifiers
RO [Reverse Osmosis] Purifiers

Global Water Filter Market by Application

Market Overview
Drug discovery
diagnostics
and personalized medicine
Global Water Filter Market by End-use verticals
Market Overview
Municipal
Food and Beverages
Global Water Filter Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
By Development
By Company
By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021
Key Company Profiles
O. Smith Corporation - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Eaton - Ireland
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Evoqua Water Technologies - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
SUEZ - Water Technologies & Solutions - France
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Veolia - France
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Lydall Industrial Filtration - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pall Corporation - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
MANN+HUMMEL - Germany
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pentair - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Meissner Filtration Products - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mantec Filtration - United Kingdom
Company Overview
Business Segment Overview
Financial Updates
Key Developments
3M Company - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Culligan International Company - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Danaher Corporation - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Dow Chemical Company - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
GE Water & Process Technologies - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Parker Hannifin Corporation - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pentair PLC - Ireland
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Brita GmbH - Germany
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Whirlpool Corporation - United States
Company Overview
Business Segment Overview
Financial Updates
Key Developments

Global Water Filter Market Size, Share, Growth Analysis, By Filters, By Technology, By Application, By End-use verticals - Industry Forecast 2023-2030