New York, NY, June 12, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Water Filters Market by Media Type (Single & Dual Phase, Multimedia, and Cartridge) and by End-Use Industry (Municipal, Industrial, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global water filters market was approximately USD 10.8 billion in 2018 and is expected to generate around USD 17.6 billion by 2026, at a CAGR of around 6.3% between 2019 and 2026.
Water filters are utilized in a wide range of applications to provide clean water, which is important in various manufacturing processes. Water filters remove contaminants from water that can affect product quality and production of industrial equipment. In general terms, water filters are devices, systems, or even processes that help in removing pollutants or unwanted substances, such as bacteria or harmful chemicals, from water. These water filters remove impurities by decreasing the level of contamination in water by using various processes like chemical processes, fine physical barriers, or biological processes. The rising demand for water filters in the Asia Pacific region is expected to provide new growth opportunities to the key players operating in the global water filters market in the upcoming years.
Browse through 37 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Water Filters Market Size, Share 2018 Analysis: Industry Type, Growth, Trends, Segments, Analysis and Forecast to 2026”.
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The demand from end-user industries in the region is likely to further propel the global water filters market development in the future. The increasing demand for wastewater treatment and filtration is also expected to boost the water filters market. However, high raw material cost and patented products are some major restraints for the water filters market growth globally.
The global water filters market is fragmented based on media types and end-use industry. Based on the media type, the water filters market includes single and dual phase, multimedia, and cartridge. The single and dual phase segment is projected to register the highest rate in the years ahead, owing to its multiple uses in food and beverages, chemicals and petrochemicals, and oil and gas industries. Municipal, industrial (oil and gas, chemicals and petrochemicals, food and beverages, and pharmaceuticals), and others comprise the end-user industry segment of the global water filters market. The food and beverages industry is expected to propel significantly in the market, due to rising health issues caused by contaminated water and growing population.
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Geographically, the Asia Pacific region will hold a major share of the global water filters market in the years ahead. This can be attributed to the swift industrialization and increasing population and demand for wastewater treatment and filtration in the region. Moreover, the high consumption of water by various end-use industries, such as food and beverages, pharmaceuticals, oil and gas, and chemicals and petrochemicals is further expected to propel the growth of the water filters market in the Asia Pacific region in the upcoming years.
The Middle Eastern and African water filters market is expected to show high demand for water filters in the years ahead. More than 5% of the global population resides in the Middle East and Africa. However, there is less than one percent of the natural water supply available across the region. Growing awareness about inconsistent drinking water and the harmful effects of contaminated water on health are expected to drive the region’s water filters market in the future.
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The North American water filters market is expected to show substantial growth, due to rapid industrialization. Due to stringent government regulations, the quality of water has been maintained in the U.S. However, rapid industrialization has resulted in increased water pollution along with industrial dumping in the country. Moreover, in California, oil leakage during transportation has polluted the rivers. These are some factors are anticipated to drive the region’s water filters market in the years ahead.
The rising awareness about health and health hazards caused due to impure water and strict government regulations to curb water pollution are likely to drive the European water filters market in the upcoming years.
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Some key players operating in the global water filters market include Eaton Corporation, Suez Water Technologies & Solutions, Veolia, Dow Water & Process Solutions, Evoqua Water Technologies, Mann-Hummel, Pall Corporation, Pentair, and Lydall Industrial Filtration.
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This report segments the global water filters market into:
Global Water Filters Market: Media Type Analysis
- Single and Dual Phase
- Multimedia
- Cartridge
Global Water Filters Market: End-Use Industry Analysis
- Municipal
- Industrial
- Oil and Gas
- Chemicals and Petrochemicals
- Food and Beverages
- Pharmaceuticals
- Others
Global Water Filters Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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