Published: 2019-10-03   Views: 6
Author: peeterdbmr
Published in: Business

Global water filters market was valued at an estimated USD 10.72 billion in 2018; this value is projected to grow with a CAGR of 6.45% in the forecast period of 2019-2026, resulting in a projected value of USD 17.67 billion by 2026. This rise in market value can be attributed to the growing adoption of water filters induced by rising levels of urbanization and industrialization.

Key Market Competitors: Global Water Filters Market

Few of the major competitors currently working in the water filters market are DuPont, SUEZ, MANN+HUMMEL, AXEON Water Technologies, Mantec Technical Ceramics Ltd., Porex Corporation, Culligan, Eaton, A. O. Smith, Veolia, Pentair plc, Atlas Filtri, Mott Corporation, Russell Finex Ltd., Eclipse Magnetics, Lydall Inc., Filtra Systems, Evoqua Water Technologies LLC, MEISSNER FILTRATION PRODUCTS INC. and Pall Corporation.

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Water filter is an equipment or device that is used to remove the impurities prevalent in the water bodies resulting in decontamination of water. It is part of the entire water filtration process that includes physical barriers, chemical treatment, and various biological processes. Water filters are of different categories and every individual filter has their own specific use.

Competitive Analysis: Global Water Filters Market

Global water filters market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of water filters market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Segmentation: Global Water Filters Market

  • By Media Type (Multimedia, Single & Dual Filter Media, Cartridge, Others)
  • By End-Use Industry (Industrial, Food & Beverages, Chemicals & Petrochemicals, Pharmaceuticals, Municipal, Oil & Gas, Others)
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers:

  • Long-term usage and similar effectiveness over a long period of time of the product; this factor is expected to act as a driver for the market growth
  • Imposing strict regulations regarding the wastewater management from the industries; this factor is expected to act as a driver for the market growth

Market Restraints:

  • Presence of a number of long-term patented products invoking monopoly of major players; this factor is expected to act as a restraint to the market growth

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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