Water Filters Global Market Report 2024

Water Filters Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on water filters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for water filters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The water filters market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Filters: Single And Dual Media Filter; Multi-Media Filtration; Activated Carbon Filtration; Ultra-Filtration; Strainer Cartridge; Other Filters
• 2) By Technology: Gravity Purifiers; RO Purifiers; UV Purifiers
• 3) By End-Use Verticals: Municipal; Industrial; Other End-Use Verticals
• Companies Mentioned: Eaton Corporation; Suez Water Technologies & Solutions; Veolia Water Technologies & Solutions; Dow Water & Process Solutions; EvoQua Water Technologies Corp
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A water filter is a device designed to eliminate undesirable chemical substances, organic and inorganic elements, as well as biological pollutants from water, ensuring the provision of clean and safe drinking water.

These filters encompass various types, including single and dual media filters, multi-media filtration systems, activated carbon filters, ultra-filtration mechanisms, strainer cartridges, and other specialized filters. Single and dual media filters typically contain substances like sand or crushed anthracite coal, or a combination of both, serving as filtering media. Distinct water filter technologies further diversify the filtration process, featuring gravity purifiers that rely on gravitational force, RO (Reverse Osmosis) purifiers utilizing semi-permeable membranes, and UV (Ultraviolet) purifiers utilizing ultraviolet light to eliminate microorganisms. Water filters cater to diverse end-use verticals such as municipal applications, industrial settings, and various other specific use cases, ensuring the purification and safety of water across different sectors and environments.

The water filters market research report is one of a series of new reports from The Business Research Company that provides water filters market statistics, including water filters industry global market size, regional shares, competitors with a water filters market share, detailed water filters market segments, market trends and opportunities, and any further data you may need to thrive in the water filters industry. This water filters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The water filters market size has grown strongly in recent years. It will grow from $13.97 billion in 2023 to $15.04 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be linked to factors such as heightened concerns about water contamination, increased awareness regarding health and safety issues, growing environmental consciousness, the rapid pace of urbanization and industrialization, as well as the challenges related to infrastructure development in the water sector.

The water filters market size is expected to see strong growth in the next few years. It will grow to $20.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period can be credited to several factors, including stringent government regulations, rising consumer preferences for convenience, the persistent global water crisis, a shift away from bottled water, and a strong emphasis on healthier lifestyles. Key trends expected during this period encompass the introduction of digital tools, integration of smart applications, ongoing technological advancements, and increased collaborative efforts within the industry.

The increasing emphasis on water purification and enhancing water quality is a key driver fostering the growth of the water filtration market. Wastewater treatment aims to eliminate suspended solids from water before releasing the remaining water, termed effluent, back into the environment. As solid matter decomposes, it consumes oxygen, crucial for sustaining aquatic life. The escalating prevalence of water-related illnesses, a leading cause of sickness and mortality, has intensified the demand for wastewater treatment and filtration solutions. For instance, the United Nations Organization has set Sustainable Development Goals to ensure responsible growth by 2030, including objectives like equitable access to drinking water, reducing pollution, fortifying infrastructure, addressing climate change, and advocating sustainable utilization of resources. Consequently, this increased focus on water purification and quality is expected to drive the expansion of the water filter market.

The burgeoning manufacturing industry is poised to be a driving force behind the growth of the water filters market. This sector encompasses the creation of physical goods through diverse processes, relying heavily on water. Water filters play a pivotal role in eliminating impurities, metals, chemicals, and microorganisms from water utilized in industrial processes, ensuring the water's purity and quality. They contribute significantly to the efficiency and reliability of industrial operations. Notably, Eurostat reported a 0.2% increase in industrial output in the European area, along with a 0.1% uptick in the European Union between May and April 2023. This surge in manufacturing activities underscores the role of water filters in supporting and sustaining industrial processes, thereby driving market growth.

Technological advancements stand out as a pivotal trend in the water filters market. Key companies operating in water phase filtration are dedicated to technological innovation and sustainable solutions to broaden their market presence. For instance, Pentair, a US-based water treatment company, introduced a durable water filtration device in April 2022, utilizing InstaClean Technology certified to reduce or eliminate 76 contaminants. By promoting cleaner household tap water and reducing reliance on single-use plastic water bottles, Pentair aims to offer consumers a sustainable alternative to bottled water, reflecting the industry's commitment to technological advancements and eco-friendly solutions.

Major players within the water filters market are strategically focused on introducing cutting-edge solutions, exemplified by the introduction of Cloud RO (reverse osmosis), to secure a competitive advantage. These advanced water filter systems leverage sophisticated technologies to effectively eliminate impurities, particles, metals, chemicals, sediments, and microorganisms from water sources. For instance, in May 2023, Cloud Water Filters, a US-based technology firm specializing in water filtration products, launched Cloud RO. This under-sink reverse osmosis water filter offers consumers the ability to monitor water quality and consumption via the Cloud app, presenting a state-of-the-art alternative in reverse osmosis filtration. The Cloud RO integrates cutting-edge technology to regulate flow and pressure within the system, thereby enhancing filtration efficiency. Smart sensors continuously monitor water quality and relay pertinent data to consumers through the cloud app, providing insights into consumption patterns, water quality, and filter health. Beyond connectivity features, Cloud RO boasts robust filtration capabilities and enriches filtered water with essential minerals. The multi-stage reverse osmosis filter efficiently removes contaminants such as lead, PFAS, fluoride, medications, and pesticides. Subsequently, a remineralization filter reintroduces beneficial minerals like calcium, magnesium, potassium, and other trace minerals, improving water taste and elevating its pH to an alkaline level.

In another strategic move during May 2022, CECO Environmental, a US-based company specializing in air quality and fluid handling, acquired Compass Water Solutions Inc. for $12.5 million. This acquisition positions the company to leverage its resources, including extensive worldwide sales networks, existing US Navy experience, and a global engineering and production base, to create substantial value. Compass Water Solutions Inc., also based in the US, stands as a global pioneer in designing, manufacturing, marketing, and supporting membrane-based water and wastewater treatment systems. This strategic acquisition further strengthens CECO Environmental's foothold in the water treatment sector, facilitating a broader spectrum of innovative solutions and enhancing its global market presence.

Major companies operating in the water filters market report are Eaton Corporation, Suez Water Technologies & Solutions, Veolia Water Technologies & Solutions i, Dow Water & Process Solutions, EvoQua Water Technologies.CORP, MANN+HUMMEL Gruppe, Pall Corporation, Pentair PLC, Lydall Industrial Filtration, Meissner Corporation, Mantec Filtration, Mitsubishi Chemical Corporation, EcoWater Systems LLC, ION EXCHANGE, COWAY CO.Ltd., BRITA GmbH, Eureka Forbes, Abhiro water purifier, ADSORBIT, Ahlstrom-Munksjo Oyj, Alfa Laval Corporate AB, AmeriWater LLC, Aquafresh RO Systems, Aquasana Inc., Best Water Technology AG, Freudenberg Filtration Technologies SE & Co. KG, Nitto Group Company, JMCC Water Filters, Lenntech B.V., Toray Advanced Materials Korea Inc.

Asia-Pacific was the largest region in the water filters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the water filters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the water filters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The water filters market consists of sales of sediment filters, water softener and cartridge. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.