Water Filter Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Water Filter Market Analysis
The Global Water Purifier/Filter Market is expected to grow at a CAGR of greater than 7.5% during the forecasted period.
Due to the outbreak of the Covid-19 pandemic, the Global Water Purifier Market has seen a negative impact owing to the lockdowns imposed in several countries worldwide. These lockdowns temporarily halted the manufacturing of water purifiers. The manufacturing companies faced challenges due to decreased product demand and interruptions in component supply. Also, several countries witnessed curfew-like situations where businesses were not allowed to operate, which has negatively impacted the demand for water purifiers.
Various factors, such as growing awareness about water-borne diseases and technological advancements in water purifiers mainly drive the water purifier market. High equipment and maintenance costs may restrain the growth of the water purifier market. UV water purifiers and AI-based water purification systems are the latest trends in the market. Waterborne diseases like cholera, diarrhoea, typhoid, lead poisoning, and intestinal worms are caused by contaminated drinking water. Rising urbanization and industrialization have resulted in the pollution of water bodies. Chemical and power plants worldwide release hazardous and toxic materials into ponds, rivers, lakes, reservoirs, and other water bodies. The contaminated water then enters other larger water bodies, which are sources of drinking water. Waterborne diseases are caused due to the presence of heavy metals such as lead, zinc, copper, cadmium, nickel, magnesium, molybdenum, and cobalt. Thus, the importance of water treatment solutions has increased, which provides a massive growth opportunity for vendors operating in the water purifiers and filter market.
Water Filter Market Trends
This section covers the major market trends shaping the Water Filter Market according to our research experts:
Increase in the Water Related Diseases are Rising the Need for Wtaer Purifier/Filter
Water-related diseases kill a child every eight seconds and are responsible for 80% of all illnesses and deaths in the developing world a situation made all the more tragic by our long-standing knowledge that these diseases are easily preventable. Every year 3,575,000 people die from water-related diseases. This is equivalent to a jumbo jet crashing every hour. Most of these people are children (2.2 million). The scarcity of safe water is contributing to the growth of the water purifier market. Over 2 billion people live in water-stressed countries, which is expected to be exacerbated in some regions as a result of climate change and population growth.
Globally, at least 2 billion people use a drinking water source contaminated with faeces. Microbial contamination of drinking water as a result of contamination with faeces poses the greatest risk to drinking water safety. Safe and sufficient water facilitates the practice of hygiene, which is a key measure to prevent not only diarrhoeal diseases but acute respiratory infections and numerous neglected tropical diseases. Microbiologically contaminated drinking water can transmit diseases such as diarrhoea, cholera, dysentery, typhoid, and polio and is estimated to cause 485 000 diarrhoeal deaths each year. In 2020, 74% of the global population (5.8 billion people) used a safely managed drinking-water service that is, one located on premises, available when needed, and free from contamination.
Asia Pacific is the Largest Water Purifier Market
In 2021, Asia Pacific has the largest water purifier market share in the global market and was estimated at USD 10.88 Billion. China is the largest shareholder in this market followed by Japan. Besides, the spurring rise in the commercial sector escalates the market value. The rising awareness of the clean drinking water benefits and growing prevalence of water-borne diseases, alongside government initiatives in the region, boost the market size.
The Asia Pacific water purifier market is primarily driven by the rising incidences of waterborne diseases. Along with this, the growing awareness among individuals regarding the health hazards caused by impure water has encouraged them to opt for water purifiers, especially in developing countries, like India and Vietnam. As a result, governments across the region have been actively working toward spreading awareness regarding clean water and water safety and security. Moreover, with the advancements in technology, manufacturers have introduced reverse osmosis and UV purifiers to expand their consumer base.
Water Filter Industry Overview
The Global Water Purifier/Filter Market is a consolidated market where the top 10 companies occupy approximately 65% of the market share. Some of the major players in this market are A.O. Smith Corporation, Eureka Forbes, Panasonic, Suez Water Technologies and Solution, and Kent RO System Ltd.
Water Filter Market Leaders
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A.O. Smith Corporation
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Eureka Forbes
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Panasonic
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Suez Water Technologies and Solution
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Kent RO System Ltd
*Disclaimer: Major Players sorted in no particular order
Water Filter Market News
- June 2022: A. O. Smith Acquired Water Treatment Solutions Provider Atlantic Filter Corporation. The acquisition of Atlantic Filter further expanded the company's capabilities in Florida and beyond. A. O. Smith is committed to growing its water treatment business as part of their strategy to deliver innovative, differentiated solutions that heat and treat water.
- January 2022: SUEZ - Water Technologies and Solutions completed the acquisition of Sentinel Monitoring Systems which is a real-time microbial monitoring company headquartered in Tucson, Arizona. Sentinel Monitoring Systems develops products that provide real-time and near-real-time solutions to monitor the effectiveness of microbial control within life sciences ultrapure water and manufacturing processes.
Water Filter Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Technology
5.1.1 UV
5.1.2 RO
5.1.3 Carbon Filtration
5.1.4 Others
5.2 By End-User
5.2.1 Industrial
5.2.2 Commercial
5.2.3 Residential
5.3 By Distribution Channel
5.3.1 Retail Stores
5.3.2 Direct Sales
5.3.3 Online
5.4 By Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 A.O. Smith Corporation
6.2.2 Eureka Forbes
6.2.3 Panasonic
6.2.4 Suez Water Technologies and Solution
6.2.5 Kent RO System Ltd
6.2.6 Halosource Source Inc.
6.2.7 Tata Chemicals Limited
6.2.8 Unilever
6.2.9 Eaton Corportion
6.2.10 Pall Corporation*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Water Filter Industry Segmentation
Water purifiers are the devices used to purify water from biological contaminants, toxins, harmful chemicals & gases, and other impurities such as solid particles so that it can be safe for drinking. It also decreases the level of hazardous pollutants in it and makes it suitable for industries before releasing it into the water bodies. Water purifiers are crucial for eliminating water-borne vectors, infection-causing bacteria, and toxins. Having access to safe drinking water is essential to maintain proper health. The bleeding-edge technologies of water purifiers are designed to make drinking water equitable from sustainable options.
The Global Water Purifier/Filter Market is segmented by By Technology (UV, RO, Carbon Filtration, and Others), By End-User (Industrial, Commercial, and Residential), By Distribution Channel (Retail Stores, Direct Sales, and Online), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report offers Market size and forecasts for the Global Water Purifier/Filter Market Market in value (USD Million) for all the above segments.
| By Technology | |
| UV | |
| RO | |
| Carbon Filtration | |
| Others |
| By End-User | |
| Industrial | |
| Commercial | |
| Residential |
| By Distribution Channel | |
| Retail Stores | |
| Direct Sales | |
| Online |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Water Filter Market Research FAQs
What is the current Water Purifier/Filter Market size?
The Water Purifier/Filter Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)
Who are the key players in Water Purifier/Filter Market?
A.O. Smith Corporation, Eureka Forbes, Panasonic, Suez Water Technologies and Solution and Kent RO System Ltd are the major companies operating in the Water Purifier/Filter Market.
Which is the fastest growing region in Water Purifier/Filter Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Water Purifier/Filter Market?
In 2024, the Asia-Pacific accounts for the largest market share in Water Purifier/Filter Market.
What years does this Water Purifier/Filter Market cover?
The report covers the Water Purifier/Filter Market historical market size for years: . The report also forecasts the Water Purifier/Filter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Water Purifier/Filter Industry Report
Statistics for the 2024 Water Purifier/Filter market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Water Purifier/Filter analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
