The global water filters market size is estimated to be USD 10.8 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 6.3%. This market’s growth is mainly attributed to the high demand from oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries.
Browse 86 market data Tables and 66 Figures spread through 168 Pages and in-depth TOC on "Water Filters Market by Media Type (Single & Dual Phase, Multimedia, Cartridge), End-Use Industry (Municipal, Industrial (Oil & Gas, Chemicals & Petrochemicals, Food & Beverages, and Pharmaceuticals)), and Region - Global Forecast to 2023"
The single & dual phase media type segment is projected to have the highest share during the forecast period.
Based on media type, the water filters market has been segmented into single & dual phase, multimedia, cartridge, and others (cloth, ceramic, and stainless steel). Single & dual phase is expected to be the largest media type segment of the market during the forecast period. The single & dual phase media is largely used in pre-filtration processes of water and wastewater. Increasing demand for better quality water and the reuse of wastewater are driving the water filters market growth.
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Food & beverages end-use industry segment is projected to register the highest CAGR, in terms of value, during the forecast period.
Based on end-use industry, the water filters market has been segmented into municipal and industrial. Industrial includes oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals. The food & beverages industry is projected to be the largest end-use industry segment of the market during the forecast period. The food & beverages industry uses a very high amount of water for processing and other procedures. Another major market for water filters is the chemicals & petrochemicals industry as this industry requires large volumes of water for utilities, process feed, washing, and other applications.
Asia Pacific is projected to register the highest CAGR, in terms of value, in the water filters market during the forecast period.
The water filters market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia Pacific water filters market is projected to register the highest CAGR, in terms of value, during the forecast period. Urbanization, modernization, and purchasing power parity of the consumers in this region have contributed to the increased use of water filters in the chemicals & petrochemicals, food & beverages, and pharmaceuticals industries. This is expected to create huge opportunities for the market in Asia Pacific..
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• In October 2018, Suez Water Treatment & Solutions launched a new product, ZeeWeed Immersed Ultrafiltration, used in the pre-filtration of brackish water and seawater.
• In September 2018, EvoQua acquired Groupe IsH2OTop to expand its geographical reach in Canada.
Key Questions addressed by the report
• What are the future revenue pockets in the water filters market?
• Which key developments are expected to have a long-term impact on the water filters market?
• Which products are expected to cannibalize existing markets?
• How is the current regulatory framework expected to impact the market?
• What will be the future product mix of the water filters market?
• What are the prime strategies of leaders in the water filters market?
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