Share on

Global Water Filters Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Technology (Gravity Purifiers, RO Purifiers, UV Purifiers, Sediment Filters and Water Softener), Media Type (Single & Dual Phase, Cartridge and Multimedia), End-Use Industry (Municipal and Industrial (Chemicals & Petrochemicals, Pharmaceuticals, Food & Beverages, And Oil & Gas) and Household) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 8086
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Water Filters Market Size (2024 to 2029)

The size of the global water filters market is expected to grow at a CAGR of 8.6% from 2024 to 2029 and be worth USD 24.41 billion by 2029 from USD 16.16 billion in 2024.

Water filters are majorly used to purify water from dangerous substances, pathogens, microorganisms, and other dissolved solids and to make it suitable for drinking. Nan Yang Technology College in Singapore newly created a several-functional water filtration membrane. This latest water filter technology restored the normal polymer-based water filtration membranes with titanium dioxide high technology. According to the UN and the WHO, every 21 seconds a child and close to 3.5 million humans die annually in emerging countries owing to the diseases transmitted by water that are caused by drinking polluted water.

The scenario in the developing economies is terrible owing to a lack of fresh water, an increase in pollution, and a quick escalation in population. Hence, advancement in the prevalence of waterborne disease highly boosts the call for water filter market trends, all around the world. Diminishing the quality of water is a major health problem. It poses high risks to health causing different water-borne diseases. The decreasing water quality is an output of dumping untreated waste, chemicals, pesticides, and garbage from industries, agriculture, and municipal corporations into ponds. 

Global Water Filters Market Drivers:

The rising per capita income of customers together with the worries for health is driving the water purifier market across the globe. According to The World Water Organization, approximately 1 billion worldwide population in 2012 did not have an ingression to safe drinking water. With constant enhancements in lifestyle and rising health worries, safe drinking water has risen as a necessity. A huge section of the population in developed and rising economies is consuming polluted water, hence giving rise to water-borne diseases. Nevertheless, with rising per capita income in these regions, consumption of purified water is increasing considerably. The world water purifier market is estimated to showcase a double-digit development during 2022 - 2027.

The Asia Pacific has become the largest market for water purifiers. China and India, with their huge population together with the lack of hygienic infrastructure, offer huge untapped markets. This acts as a significant expansion driver for the market. Water purifiers are widely segmented under two sectors: online and offline. While online water purifiers need electricity for their work, offline systems function without it. To better understand what makes up water treatment five common categories can be explained. When the word water treatment is employed most individuals will think of municipal water treatment facilities as it is from these entities that many individuals around the globe get most of the water they utilize on an everyday basis. Offline systems which are non-electric, are estimated to escalate market penetration in the rural markets owing to their lower prices. Business participants are foraying into low-price water treatment solutions and devices involving offline water purifiers that are targeted at low-income customer groups. 

The water purifiers based on UV & gravity sector are estimated to experience a reduction in the development of the water purifier business during the outlook period, as UV water purifiers are not very efficient and price-effective when compared to RO water purifiers that escalate their adoption in low-income people. Purifiers having Wi-Fi technology fit into them and filter pitchers have been introduced in the industry. The business players are estimated to introduce more innovative products & solutions to boost the increase in the call for potable water.

Global Water Filters Market restraints:

The high cost of UV Water Filters is primarily hindering the growth of the global water filters market.

Impact of COVID-19 on the global water filters market:

Demand for energy has declined with the huge economic contraction that followed the global COVID-19 epidemic. Even before that took place, the economic slowdown had hindered expansion in worldwide energy consumption at 0.6% in 2019, in comparison with a medium expansion of close to 2% per year1 in the past 20 years. An IEA2 study estimates a drop in global energy demand of 5% and a corresponding drop in demand for oil and gas of 9% and 4%, respectively, by the end of 2020. With excess supply, the energy market Energy is currently at a historically low level. A drop in global demand for coal and electricity slowed the rally, followed by oil and gas.

Fossil fuels that were already under pressure from low prices induced by surpluses were further affected by prolonged lockdowns that have caused people to work and learn from home and use less road or air transport. Brent, which had slumped since June 2014 and more sharply since September 2018, hit a 19-year low3 in April 2020, before picking up slightly. The price of natural gas from Henry Hub has been falling since September 2005 and has remained below the US $ 2 for much of 2020. Millions of people have lost their jobs, homes, businesses, or savings. The main change brought about by the pandemic has been an increased dependence on digital platforms. All of this affects electricity consumption, fuel consumption, and emissions. Some believe these direct impacts on energy use, mobility, and the environment are unlikely to last, while others say they could trigger a global transition to a low-carbon, low-carbon economy. For oil and gas companies, whose bottom line has already been affected by low fuel prices, this means taking all necessary steps to survive, including decisions to continue, cancel, postpone or terminate. Reduce investments in low-carbon technologies.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

8.6%

Segments Covered

By Technology, Type, Media Type, End-User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), Evo Qua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK) and Lydall Industrial Filtration (US)

 

This research report on the global water filters market has been segmented and sub-segmented based on type, technology, media type, end-user and region.

Global Water Filters Market – By Type:

  • Reverse Osmosis
  • Ceramic Filters
  • Activated Carbon Filters
  • UV Filters
  • Water Distillation

Global Water Filters Market – By Technology:

  • Gravity Purifiers
  • RO Purifiers
  • UV Purifiers
  • Sediment Filters
  • Water Softener

Global Water Filters Market – By Media Type:

  • Single & Dual Phase 
  • Multimedia
  • Cartridge

Global Water Filters Market - By End-User:

  • Municipal
  • Industrial
    • Oil & Gas
    • Chemicals & Petrochemicals
    • Food & Beverages
    • Pharmaceuticals
  • Domestic

Global Water Filters Market - By Region:

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

Asia-Pacific was the biggest market in 2023, as the region has close to 60% of the population of the globe including China, India, Vietnam, Thailand, Indonesia, Philippines, and Macau as the rising markets. The global water purifier market is very competitive in the Asia Pacific region. Worldwide brands work hard to deliver good value propositions and effective marketing plans of action. Asia-Pacific led the worldwide market and is estimated to showcase a fast expansion based on worth during the foreseen period, due to the developing commercial segment, increasing preference for cleaned water, and government initiatives. China is the biggest market for water purifiers in Asia-Pacific. The key factor which has driven the China market is the rising economy, growing domestic players, and rising export, and import business in China.

KEY MARKET PLAYERS:

Companies playing a significant role in the global water filters market include Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), Evo Qua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK) and Lydall Industrial Filtration (US).

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample