DUBLIN--(BUSINESS WIRE)--The "Water Filters Market - Global Outlook & Forecast 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Water Filters Market was valued at USD 10.05 billion in 2023, and is projected to reach USD 14.97 billion by 2029, rising at a CAGR of 6.87%.
Advanced filtration technologies play a crucial role in meeting consumer expectations for ongoing product innovations and enhancements. Leading players such as Pentair, VEOLIA, The 3M Company, and Culligan dominate the global water filter market. The vendors are refining their unique value propositions to achieve a strong market presence by adopting advanced filtration technologies, as consumers are expecting continuous innovations and upgrades in their products. Therefore, as global players are increasing their footprint in the market, regional vendors will likely find it increasingly difficult to compete with global players.
MARKET TRENDS & DRIVERS
Increasing Demand for Smart Water Filters
Advancements in filter materials, including self-cleaning mechanisms and high-capacity membranes, are improving performance and extending filter lifespans. Incorporating smart features, including automatic filter replacement systems, water quality monitoring capabilities, and integration with home automation systems, is gaining popularity. These smart technologies offer benefits such as remote monitoring and control, leak detection with automatic shut-off, and personalized filtration settings.
Rising Waste Treatment Systems
Water contamination remains a pressing global concern; however, technological innovation is propelling us forward, and we are addressing this issue with inventive solutions. Additionally, innovations in climate-resilient infrastructure, such as smart water management systems and green infrastructure, help address the challenges of changing environmental conditions. The water filter market is driven by an increasing need to reduce contamination and a rising demand for virus-free products. Rising freshwater scarcity, reducing groundwater levels, and various government initiatives about water quality improvements will drive industry growth.
GEOGRAPHICAL ANALYSIS
The North American region is the largest contributor to the global water filter market, accounting for a global revenue share of over 47% in 2023. Heightened concerns about safe drinking water drive the region's growth. Across the U.S., millions are exposed to water that fails to meet EPA standards, fueling a surge in demand for water filtration systems. EPA made significant progress toward protecting public health by acting in communities facing serious health threats from their taps due to noncompliance in the water system. Furthermore, municipal wastewater treatment methods, usage of chemical fertilizers and pesticides in households, regulatory compliance of mining operations, and release of cadmium and mercury from heavy industries are expected to shape the adoption of water filtration systems in Canada during the forecast period.
VENDORS LANDSCAPE
Key Company Profiles
- Culligan (BDT Capital Partners)
- Pentair
- The 3M Company
- Veolia
Other Prominent Vendors
- A. O. Smith
- APEC Water Systems
- AXEON Water Technologies
- AquaHomeGroup
- Aquafilter
- Big Berkey Water Filters
- BRITA (CLOROX CO.)
- BWT
- Coway
- Doulton
- EcoWater Systems
- GE Appliances (Haier)
- GHP Group
- Helen of Troy
- Ion Exchange
- iSpring Water Systems
- KENT RO Systems
- MANN+HUMMEL (Mutares SE & Co. KGaA)
- Meissner Filtration Products
- Pall Corporation
- Porex (Filtration Group Corporation)
- SoftPro Water Systems
- SpringWell Water Filtration Systems (Fortune Brands Innovations)
- Toray Industries
- Watts
- Whirlpool
- Xylem
KEY QUESTIONS ANSWERED
- How big is the water filter market?
- Which region dominates the global water filters market share?
- What are the significant trends in the water filters market?
- What is the growth rate of the global water filters market?
- Who are the key players in the global water filters market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 388 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $10.05 Billion |
| Forecasted Market Value (USD) by 2029 | $14.97 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Scope & Coverage
2. Premium Insights
2.1. Opportunity Pockets
2.2. Overview
2.3. Future Market Analysis
2.3.1. Increasing Demand for Smart Water Filters
2.3.2. Expansion of Water Treatment Systems
2.4. Segmentation Analysis
2.5. Geographical Analysis
2.6. Vendors Landscape
3. Market at a Glance
4. Introduction
4.1. Overview
4.2. Recent Developments
4.3. Self Cleaning Technology
4.4. Importance of Ro Filtration Systems
4.5. Increasing Usage of Filtered Water in Industrial Activities
4.6. Growing Travel & Tourism Industry
5. Market Opportunities & Trends
5.1. Deteriorating Water Quality
5.2. Increasing Demand for Smart Water Filters
5.3. High Opportunities for Aftermarket Sales
5.4. Emergence of Advanced Technology
6. Market Growth Enablers
6.1. Expansion of Water Treatment Systems
6.2. Increasing Consumption of Purified & Filtered Water
6.3. Rising Awareness of Waterborne Diseases
6.4. Surging Demand for Water Dispensers
7. Market Restraints
7.1. Compliance with Standards & Certifications
7.2. Low Penetration & High Maintenance
7.3. Availability of High-Quality Tap Water in Developed Economies
8. Market Landscape
8.1. Market Size & Forecast
8.2. Five Forces Analysis
9. Media Type
9.1. Market Snapshot & Growth Engine
9.2. Market Overview
9.3. Single & Dual Stage
9.4. Cartridges
9.5. Multimedia
10. Technology Type
10.1. Market Snapshot & Growth Engine
10.2. Market Overview
10.3. Ro
10.4. Sediment
10.5. Activated Carbon
10.6. Ion Exchange
10.7. Other Technologies
11. Mount Type
11.1. Market Snapshot & Growth Engine
11.2. Market Overview
11.3. Whole-House
11.4. Under-The-Sink
11.5. Countertop
11.6. Faucet
11.7. Others
12. Application
12.1. Market Snapshot & Growth Engine
12.2. Market Overview
12.3. Water Dispensers
12.4. Home Water Filtration
12.5. Washing Machines & Refrigerators
12.6. Water Softening
12.7. Other Applications
13. End-users
13.1. Market Snapshot & Growth Engine
13.2. Market Overview
13.3. Residential
13.4. Commercial
13.5. Educational Institutes
13.6. Municipal
13.7. Industrial
14. Distribution Channel
14.1. Market Snapshot & Growth Engine
14.2. Market Overview
14.3. Offline
14.4. Online
15. Geography
15.1. Market Snapshot & Growth Engine
15.2. Geographic Overview
16. North America
17. APAC
18. Europe
19. Latin America
20. Middle East & Africa
21. Competitive Landscape
22. Key Company Profiles
- Culligan (BDT Capital Partners)
- Pentair
- The 3M Company
- Veolia
23. Other Prominent Vendors
- A. O. Smith
- APEC Water Systems
- AXEON Water Technologies
- AquaHomeGroup
- Aquafilter
- Big Berkey Water Filters
- BRITA (CLOROX CO.)
- BWT
- Coway
- Doulton
- EcoWater Systems
- GE Appliances (Haier)
- GHP Group
- Helen of Troy
- Ion Exchange
- iSpring Water Systems
- KENT RO Systems
- MANN+HUMMEL (Mutares SE & Co. KGaA)
- Meissner Filtration Products
- Pall Corporation
- Porex (Filtration Group Corporation)
- SoftPro Water Systems
- SpringWell Water Filtration Systems (Fortune Brands Innovations)
- Toray Industries
- Watts
- Whirlpool
- Xylem
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