Chicago, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The water filter market is expected to grow at a CAGR of 6% during the period 2022−2027.
Key Highlights
- The global water filters market would realize an absolute growth of 44.86% in terms of revenue in the period between 2021-2027.
- Media type, single & dual stage segment accounted for majority share of the water filters market in 2021 and is expected to grow with a 6.02% CAGR during the forecast period in terms of revenue.
- Water dispensers segment dominated the market with a share of 54.63% in 2021 in terms of revenue and is expected to grow at a CAGR of 6.72% during 2021-2027.
- Offline segment dominates the market with the share of 68.50% and is expected to add USD 2.67 billion revenue during the forecast period.
- Residential segment dominates the global water filters market in 2021 and is expected to add over USD 1.53 billion revenue during the forecast period.
- North America dominates the overall water filters market with a share of 47.84% in 2021 in terms of revenue.
- The APAC water filters market is estimated to be the fastest growing which is growing at a CAGR of 8.05%.
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Water Filter Market - Segmentation Analysis
Offline sales dominated the global water filters market holding a share of 68.50% in 2021 and is expected to grow at a significant rate due to the high demand for experiencing and using the filters before making the final purchase. As vendors have a lot of opportunities to explore and sell their products through this segment, owing to the larger customer outreach these possess. Moreover, Commercial water filters are structurally small, energy-efficient and consumes very nominal amounts of power to function. The revenue from commercial segment in the water filter market is expected to reach USD 4.45 billion by 2027.
Market Segmentation by Media Type
- Single and Dual Stage
- Cartridges
- Multimedia
Market Segmentation by Application
- Water Dispenser
- Home Water Filtration
- Washing Machine and Refrigerator
- Water Softening
- Others
Market Segmentation by Distribution
- Offline
- Online
Market Segmentation by End-Users
- Residential
- Commercial
- Industrial
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- APAC
- China
- Japan
- India
- Australia
- Indonesia
- Latin America
- Mexico
- Brazil
- Middle East and Africa
- Turkey
- Saudi Arabia
- South Africa
Competitive Analysis
In the competitive market such as water filter industry, it is more crucial for the vendors to tap the opportunity in every category including shower and inline water filters. Collaborating the product with smart technology and mobile applications serve as a major point of differentiation in the highly fragmented which create lucrative opportunities for vendors in the global market. Penetrating the smart filter segment such as TAPP 2 Click smart water filters that use Bluetooth technology to offer reminders via mails and applications is also highly recommended. The consumer score, ratings, and reviews on websites such as Amazon, Walmart, and Home Depot driving the sales among millennial homeowners. However, offline sales and high customer-friendly approaches are encouraged in booming markets of the APAC and Latin America. Players are expected to boost their presence to gain larger share in the water filter market.
PROMINENT VENDORS
- Pentair
- SUEZ
- Pall Corporation
- Veolia
- DuPont
OTHER PROMINENT VENDORS
- Evoqua Water Technologies
- Culligan
- MANN+HUMMEL Water & Fluid Solutions
- AXEON Water Technologies
- Ion Exchange
- EcoWater Systems
- KENT RO Systems
- Meissner Filtration Products
- Porex
- Aquasana
- APEC Water Systems
- iSpring Water Systems
- 3M
- GHP Group
- Express Water
- Helen of Troy
- Big Berkey Water Filters
- AquaHomeGroup
- SpringWell Water Filtration Systems
- Aquafilter
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Water Filter Market – Table of Content
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Media Type
4.3.2 Market Segmentation by Application
4.3.3 Market Segmentation by Distribution
4.3.4 Market Segmentation by End-User
4.3.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Common Filtration Methods
7.2.1 Reverse Osmosis
7.2.2 Activated & Granulated Carbon
7.2.3 ION Exchange
7.2.4 Alkaline
7.2.5 Sediment
7.3 Types of Residential Water Filters
7.3.1 Whole House
7.3.2 Under the Sink
7.3.3 Countertop
7.3.4 Pitchers & Dispensers
7.3.5 Faucet
7.3.6 Shower Mounted
7.3.7 Inline
7.4 Water Filter Cartridges
7.5 TDS Levels
7.6 Self Cleaning Technology
7.7 Covid-19 Impact
8 Market Opportunities & Trends
8.1 Deteriorating Water Quality
8.2 Growth in Smart Water Filters
8.3 Technological Advancements
9 Market Growth Enablers
9.1 Potential in Aftermarket Sales
9.2 Rising Awareness of Waterborne Diseases
9.3 Importance of RO Filtration Systems
10 Market Restraints
10.1 Complying with Standards & Certifications
10.2 Low Penetration & High Maintenance Cost
10.3 High-Quality Tap Water in Developed Economies
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Media Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Single & Dual Stage
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Cartridges
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Multimedia
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market by Geography
13 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Water Dispensers
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Home Water Filtration
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.5 Washing Machines & Refrigerators
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
13.6 Water Softening
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market by Geography
13.7 Others
13.7.1 Market Overview
13.7.2 Market Size & Forecast
13.7.3 Market by Geography
14 Distribution
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Offline
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Online
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Residential
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 Commercial
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market by Geography
15.5 Industrial
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market by Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Media Type
17.3.1 Market Size & Forecast
17.4 Application
17.4.1 Market Size & Forecast
17.5 Distribution
17.5.1 Market Size & Forecast
17.6 End-User
17.6.1 Market Size & Forecast
17.7 Key Countries
17.7.1 US: Market Size & Forecast
17.7.2 Canada: Market Size & Forecast
18 APAC
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Media Type
18.3.1 Market Size & Forecast
18.4 Application
18.4.1 Market Size & Forecast
18.5 Distribution
18.5.1 Market Size & Forecast
18.6 End-User
18.6.1 Market Size & Forecast
18.7 Key Countries
18.7.1 China: Market Size & Forecast
18.7.2 Japan: Market Size & Forecast
18.7.3 Australia: Market Size & Forecast
18.7.4 India: Market Size & Forecast
18.7.5 Indonesia: Market Size & Forecast
19 Europe
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Media Type
19.3.1 Market Size & Forecast
19.4 Application
19.4.1 Market Size & Forecast
19.5 Distribution
19.5.1 Market Size & Forecast
19.6 End-User
19.6.1 Market Size & Forecast
19.7 Key Countries
19.7.1 Germany: Market Size & Forecast
19.7.2 UK: Market Size & Forecast
19.7.3 France: Market Size & Forecast
19.7.4 Italy: Market Size & Forecast
19.7.5 Spain: Market Size & Forecast
20 Middle East & Africa
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Media Type
20.3.1 Market Size & Forecast
20.4 Application
20.4.1 Market Size & Forecast
20.5 Distribution
20.5.1 Market Size & Forecast
20.6 End-User
20.6.1 Market Size & Forecast
20.7 Key Countries
20.7.1 South Africa: Market Size & Forecast
20.7.2 Saudi Arabia: Market Size & Forecast
20.7.3 Turkey: Market Size & Forecast
21 Latin America
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Media Type
21.3.1 Market Size & Forecast
21.4 Application
21.4.1 Market Size & Forecast
21.5 Distribution
21.5.1 Market Size & Forecast
21.6 End-User
21.6.1 Market Size & Forecast
21.7 Key Countries
21.7.1 Brazil: Market Size & Forecast
21.7.2 Mexico: Market Size & Forecast
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