The water filters market is projected to reach to USD 14.7 billion by 2023, at a CAGR of 6.3%. The growth of this market is attributed to the growing oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries. Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK), and Lydall Industrial filtration (US) are the key players operating in the market.
Browse 86 market data Tables and 66 Figures spread through 168 Pages and in-depth TOC on “Water Filters Market – Global Forecast to 2023”
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Single & dual phase media type segment is projected to have the highest share
Based on media type, the 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 market growth.
Food & beverages end-use industry segment is projected to register the highest CAGR
Based on end-use industry, the 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
The water filters market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia Pacific 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.
Recent Developments:
- 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 market?
- Which key developments are expected to have a long-term impact on the 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 market?
- What are the prime strategies of leaders in the market?
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