Water Filters Market
The water filters market size is anticipated to expand at a CAGR of 8.6 per cent from 2024 to 2029 and be valued at 24.41 billion US dollars by 2029 from 16.16 US billion dollars in 2024.
Current Scenario
The water management is experiencing fast shifts to satisfy the challenges of a growing population, quick climate change, and technological developments. Government projects and policies influence the rising cognizance of the requirement for water security, the extent of urbanization, and the widespread pollution of water sources. These are a few factors propelling the demand for purification systems.
Under such conditions, water purifiers have transformed into a basic household need; along with the rapid breakthrough technologies, the water purification technology is set to cutting-edge advancements and expand swiftly.
Market Drivers
The growth of the water filters market is driven by the high prevalence of waterborne diseases in the world. These diseases are being impacted by dynamic climate conditions involving higher environmental temperatures, increasing sea levels, drastic reduction or excessive drought and rainfall, and extreme weather events. Also, due to the heightening penetration of the internet and smartphones, the information is easily available to the consumer, ultimately benefiting the market.
Advancements in filtration technologies are another factor fuelling its demand. Nanotechnology is emerging as more affordable and effective than conventional systems.
Market Restraints
Lack of awareness regarding water quality is one of the primary obstacles to expanding the market. In developing and poor countries, a large section of their population is still unaware of its necessity and product information. Low per capita income is among the key reasons behind the non-adoption of these filtration systems. Even if few have installed these, the absence of regular maintenance and the cost of filter change is restricting the growth of the market. In addition, UV water filters are more costly than the other alternatives, like reverse osmosis, activated carbon systems, etc.
Segment Analysis
By Type
● Reverse Osmosis
● Ceramic Filters
● Activated Carbon Filters
● UV Filters
● Water Distillation
The reverse osmosis segment gained the top spot under this category of the water filters market and is expected to maintain its growth rate during the forecast period. This can be attributed to its efficiency and reliability over the UV ones, owing to its ability to remove harmful dissolved heavy metals and salts in the water. Moreover, the escalating demand for these systems in the Middle East and South Asia elevates the segment’s market share. Additionally, the technological innovations, for example, intelligent filters with Internet of Things (IoT) abilities and modular design, are taking the market forward.
By Technology
● Gravity Purifiers
● RO Purifiers
● UV Purifiers
● Sediment Filters
● Water Softener
The gravity purifiers segment is leading in the water filters market and is anticipated to remain on course to expand further over the estimation period. The rise of these water purifiers is mainly credited to their affordability. In addition, The surging application of these systems among the urban families is also encouraging the expansion of the segment’s market size.
By Media Type
● Single & Dual Phase
● Multimedia
● Cartridge
The single & dual phase segment are spearheading in the water filters market. This segment is projected to be the largest contributor over the forecast period. It is propelled by its extensive use in industries like oil and gas, pharmaceuticals and chemicals, and food and beverages. On the other hand, the multimedia segment is expected to register the rapid growth.
By End-User
● Municipal
● Industrial
○ Oil & Gas
○ Chemicals & Petrochemicals
○ Food & Beverages
○ Pharmaceuticals
● Domestic
The municipal segment held the biggest share of the water filters market and was positioned as a commanding category. Increased financial support for water infrastructure programmes like wastewater treatment plants and distillation facilities and mass deployment is adding to the progress of this segment in the market worldwide.
Regional Analysis
North America is commanding the water filters market with a significant share and is believed to continue to lead during the forecast period. The regional market is spearheaded by the United States, where about 90 per cent of US people utilize these systems. It is at a record high in 2023. Moreover, the US government establishments implement initiatives to provide 90 per cent clean water in public spaces, ensuring safety through effective contaminant management.
Recent Market Developments
● In September 2024, experts at MIT developed a new filtration material that enables a nature-based solution to chemical and stubborn pollution problems. The material is based on cellulose and natural silk and can remorse a broad range of consistent chemicals and heavy metals.
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