PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1426525
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1426525
The recycling water filtration market is estimated to grow from USD 2.7 billion in 2023 to USD 3.8 billion by 2028; it is expected to record a CAGR of 7.5% during the forecast period. The recycling water filtration market is witnessing rapid growth due to the need for sustainable water management, stringent environmental regulations governing wastewater treatment, and the ongoing advancements in water treatment technologies are driving rising demand for recycling water filtration.
Scope of the Report | |
---|---|
Years Considered for the Study | 2021-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Billion/Million) |
Segments | Product type, membrane type, maximum flow rate, end user, region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Activated carbon filters are the second-fastest growing segment of the recycling water filtration market, by product type."
Based on the product, the recycling water filtration market has been split into four types: sand filters, multimedia filters, activated carbon filters, and membrane filters. The activated carbon filters segment is the second-fastest segment in the recycling water filtration market due to their remarkable effectiveness in addressing a spectrum of water contaminants. The cost-effectiveness and sustainability of activated carbon filtration, the versatility of activated carbon filters in various industrial applications and the technology that offers an efficient and economical solution for improving the overall quality of recycled water are increasing the demand for activated carbon filters. Activated carbon filters emerge as a crucial component in the recycling water filtration landscape, providing tangible benefits in terms of water purity, environmental impact, and cost efficiency.
"30-50 cubic meters/hour segment is expected to be the largest segment based on maximum flow rate."
Based on the maximum flow rate, the recycling water filtration market has been segmented into up to 30 cubic meters per hour, 30-50 cubic meters per hour and above 50 cubic meters per hour. These filters ensure a consistent supply of clean water for high-yield crop cultivation, reducing dependence on external sources account for the greatest portion of the recycling water filtration market. With this adaptable flow rate, these filters bridge the gap between smaller on-site applications and large-scale industrial needs, empowering a diverse range of industries to embrace sustainable water recycling and take significant steps toward environmental stewardship.
"Middle East & Africa is expected to emerge as the second-fastest growing region in the recycling water filtration market."
By region, the recycling water filtration market has been segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa. In the region, the recycling water filtration market is growing in the Middle East & Africa as a result of the growing importance of water recycling in addressing water scarcity, policy and regulation enforcement for the wastewater and recycled water sector, and the increased investments and new technologies are creating opportunities for advanced filtration technologies to ensure the quality of desalinated water. In South Africa, water availability and treatment methods are likely to impact the recycling water filtration market in the rest of the Middle East; increased investments, expansion and proposed projects contribute to the increased implementation of recycling water filtration technology in the Middle East & Africa region.
"Farms are expected to be the fastest growing segment based on the end user."
Farms are expected to be the fastest segment in the recycling water filtration market between 2023-2029 due to the use of untreated water having a negative impact on the crop yield and quality. As the demand for agriculture increases, coupled with consumer preferences for green and healthy food, there is a growing emphasis on stricter standards for water quality in agricultural production. The adoption of advanced filtration technologies enhances water efficiency, reduces dependency on traditional water sources, and promotes environmental sustainability in farming practices further contributing to the increasing demand.
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-level- 35%, Director levels- 25%, and Others- 40%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, The Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: from USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The recycling water filtration market is dominated by a few major players that have a wide regional presence. The leading players in the recycling water filtration market are Veolia (France), TORAY INDUSRIES, INC. (Japan), Xylem (US), DuPont (US), and KUBOTA Corporation (Japan).
The report defines, describes, and forecasts the recycling water filtration market by component, type, services, voltage, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the recycling water filtration market.
Key benefits of buying the report