(Food-Beverage-News.Com, April 14, 2021 ) The report "Water Filters Market by Media Type (Single & Dual Phase, Multimedia, Cartridge), End-Use Industry (Municipal, Industrial (Oil & Gas, Chemicals & Petrochemicals, Food & Beverages, and Pharmaceuticals)), and Region - Global Forecast to 2023" The water filters market is projected to grow from USD 10.8 billion in 2018 to USD 14.7 billion by 2023, at a CAGR of 6.3%. The growth of this market is attributed to the growing oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries.
The single & dual phase media type segment is projected to have the highest share during the forecast period.
Based on media type, the water filters market has been segmented into single & dual phase, multimedia, cartridge, and others (cloth, ceramic, and stainless steel). Single & dual phase is expected to be the largest media type segment of the market during the forecast period. The single & dual phase media is largely used in pre-filtration processes of water and wastewater. Increasing demand for better quality water and the reuse of wastewater are driving the water filters market growth.
Food & beverages end-use industry segment is projected to register the highest CAGR, in terms of value, during the forecast period.
Based on end-use industry, the water filters market has been segmented into municipal and industrial. Industrial includes oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals. The food & beverages industry is projected to be the largest end-use industry segment of the market during the forecast period. The food & beverages industry uses a very high amount of water for processing and other procedures. Another major market for water filters is the chemicals & petrochemicals industry as this industry requires large volumes of water for utilities, process feed, washing, and other applications.
Browse in-depth TOC on "Water Filters Market” 86 - Market Data Tables 66 - Figures 168 - Pages
Asia Pacific is projected to register the highest CAGR, in terms of value, in the water filters market during the forecast period.
The water filters market has been studied for Asia Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia Pacific water filters market is projected to register the highest CAGR, in terms of value, during the forecast period. Urbanization, modernization, and purchasing power parity of the consumers in this region have contributed to the increased use of water filters in the chemicals & petrochemicals, food & beverages, and pharmaceuticals industries. This is expected to create huge opportunities for the market in Asia Pacific.
Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK), and Lydall Industrial filtration (US) are the key players operating in the water filters market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.