Water Filters Market

Water Filters Market - Overview

The global water filters market is projected to expand at a favorable rate from 2021 to 2031 (forecast period). The increased awareness of the significance of water filters and the ailments induced by consuming contaminated water is expected to boost the global water filters market during the forecast period. Moreover, technological development and new product introductions are projected to propel the global water filters market. Furthermore, expansion in the oil and gas, food and beverages, chemicals and petrochemicals, and pharmaceuticals industries is likely to provide growth prospects to the global water filters market during the forecast period.

Water Filters Market - Competitive Landscape

Key players operating in the global water filters market are Veolia (France), Eaton Corporation (US), Dow Water & Process Solutions (US), Suez Water Technologies & Solutions (France), EvoQua Water Technologies (US), Pall Corporation (US), Mann-Hummel (Germany), Lydall Industrial Filtration (US), and Pentair PLC (UK).

Market participants are focusing on releasing well-equipped products with modern water filtration technologies. These companies have substantially invested in research and development in order to introduce water filters that use ozone, reverse osmosis, ultra-filtration, ultra-violet, activated carbon, and candle filtering technologies. Moreover, Wi-Fi-enabled filters and filter pitchers have been introduced to the market. Furthermore, market participants are expected to offer more advanced products and solutions to meet the increased demand for potable water.

Water Filters Market - Trends and Opportunities

Consuming clean and safe water can aid the digestive system, help lose weight, promote skin health, and strengthen the immune system. However, poor water quality causes a variety of waterborne diseases and poses a severe threat to health. As per the World Health Organization (WHO), approximately 3.4 million people die each year as a result of waterborne diseases induced by the intake of contaminated water. The increasing number of deaths from waterborne diseases is likely to drive the growth of the global water filters market.

Moreover, expanding industrialization and the dumping of chemicals, pollutants, and sewages into bodies of water have resulted in an increase in demand for water filters. Furthermore, rising consumer awareness of the advantages of consuming purified water and a rise in disposable income levels are likely to boost the global water filters market growth. In addition, the growing demand for water filters in urban areas to cleanse municipal water and rising health consciousness is anticipated to support the global water filters market growth.

Hazardous compounds produced through improper industrial waste disposal and the overuse of agrichemicals have contaminated bodies of water, oceans, and rivers. Heavy metals such as nickel, zinc, copper, lead, cobalt, cadmium, magnesium, molybdenum, and chromium are among the contaminants that might induce kidney stones or blood issues. As a consequence, there has been an increase in demand for water filters to address the demand for clean water in both the household and industrial segments.

Moreover, smart water filters with advanced technologies are a new industry trend. These smart filters are simple to use and have a multi-stage filtration procedure. These filters track the usage of water and alter settings as needed. Furthermore, smart water filters are programmed to send consumers notifications or alerts at the conclusion of their maintenance cycle. With rising customers' standard of living and purchasing power, particularly in developing nations such as Asia Pacific and the Middle East, the demand for feature-rich filters is expected to create opportunities for market players. As a result, the rapid advent of these smart technology-based filters is likely to drive up water filters demand over the forecast period.

Water Filters Market - Regional Landscape

The water filters market in Asia Pacific is expected to grow during the forecast period. The Asia Pacific region is home to almost 60% of the world's population in nations such as China, Vietnam, India, Indonesia, and Thailand, among others. This is a major factor projected to boost the water filters market in Asia Pacific.

The water filters market in Europe is anticipated to expand due to increased water recycling initiatives, strong use of RO water filters, considerable demand from the industrial and municipal sectors, and strict water treatment rules.

The North America water filters market is likely to witness considerable growth during the forecast period due to an increase in the frequency of waterborne illnesses, industrial development resulting in water pollution, and increased health concerns.