New York, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Increasing demand for water filters in storage based sub-segments coupled with high investment in R&D of water filters is fueling the market growth.
The global water filters market is forecast to reach USD 18.50 Billion by 2026, according to a new report by Reports and Data. The market is rising rapidly in the global market due to the high demand for water filters owing to the extreme increase of waste disposal into rivers and regulations with safe drinking water by different regulatory bodies globally. Many households have started adopting the technology in developed and developing countries because of its affordable pricing.
The Municipal segment had the highest market share of 22.5% in the year 2018 as municipal corporations mostly conduct great safeguarding for their water supplies to ensure the safe drinking and other safe usage of water for the habitants of major cities and urban outskirts. They incorporate a different type of filtration and follow the highest level of safety treatments for their supplied water.
Asia Pacific region is forecasted to generate the highest revenue of USD 7.36 Billion in the year 2026, owing to its extensive market penetration coupled with the rising population mostly in China, India, and Philippines.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/global-water-filters-market-by-manufacturers-countries-type-and-application-forecast-to-2022
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global water filters market on the basis of the type of filters, Application, end-use verticals, and region:
Type of Filters Outlook (Revenue, USD Billion; 2016-2026)
Type of Plastic Outlook (Revenue, USD Billion; 2016-2026)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2026)
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Regional Outlook (Revenue, USD Billion; 2016-2026)
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