An increasingly health-conscious consumer base and
technological advancements such as sophisticated membranes are
driving the growth of the water filtration industry. It achieves
continued growth and environmental impact by emphasizing
sustainability and reducing plastic waste.
BOSTON, May 16, 2024
/PRNewswire/ -- "According to the latest BCC Research study,
the demand for Water Filtration: Global Markets is
expected to grow from $10.5 billion
in 2024 and is projected to reach $19.0
billion by the end of 2029, at a compound annual growth rate
(CAGR) of 12.5% during the forecast period of 2024 to 2029."
This report on the global water filtration market analyzes key
segments including filter type (depth and surface), technology
(membrane and non-membrane), and application (purification and
desalination). Geographically, it focuses on North America, Europe, Asia-Pacific, and the Rest of the World.
Excluding revenues from services and equipment, the study measures
market values at the manufacturer level, with data from 2023 and
forecasts from 2024 to 2029 in millions of U.S. dollars.
Interesting Facts About Water Filtration:
Water filter membranes are vital for applications in the food,
beverage, and healthcare industries in addition to drinking water.
Customized filtration solutions focus on pollutants, and the
financial savings are substantial—filtered tap water is just
slightly more expensive than bottled water—underscoring the
benefits of filtration for the environment and the economy.
To learn more about "Water Filtration: Global Markets Report",
please click here for more information.
The global water filtration market is driven by the following
factors:
Water Scarcity: As the global population grows and
industries expand, the demand for clean water increases, while
freshwater resources remain limited.
Water Quality Issues: Contaminants like bacteria,
viruses, and pollutants threaten water quality, but filtration
systems effectively remove impurities, ensuring safe water for
drinking and industry.
Advancements in Filtration: Continuous research has led
to improved filtration technologies, enhancing efficiency, reducing
energy consumption, and improving water quality.
Environmental Impact of Bottled Water: Production and
disposal of plastic water bottles harm the environment, driving the
shift towards sustainable water filtration systems as an
eco-friendly alternative.
Specialized Industry Solutions: Industries requiring
high-quality water, like pharmaceuticals and electronics, benefit
from tailored filtration solutions, ensuring purity, efficiency,
and regulatory compliance.
Request a Copy of the Water Filtration:
Global Markets Report.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2023
|
Forecast Period
considered
|
2024-2029
|
Base year market
size
|
$9.6 billion
|
Market Size
Forecast
|
$19.0
billion
|
Growth Rate
|
CAGR of 12.5% for the
forecast period of 2024-2029
|
Segment
Covered
|
Filter Type,
Technology, Application, and Region
|
Regions
covered
|
North America, Europe,
Asia-Pacific, and Rest of the World (RoW)
|
Countries
covered
|
U.S., Canada, Mexico,
Germany, the U.K., France, China, India, the Middle East and
Africa
|
Key Market
Drivers
|
- Water
scarcity.
- Water quality
issues.
- Advancements in
water filtration technologies.
- Environmental
impact of bottled water.
- Specialized water
solutions for industries.
|
Segmentation Analysis:
- Filter Types: Depth filters trap particles within their
structure, ideal for high dirt-holding capacity, while surface
filters capture contaminants on the filter's surface, effective for
removing fine particles.
- Technology: Membrane-based methods like Reverse Osmosis
(RO) and Nanofiltration selectively remove impurities, while
non-membrane-based options like Electrolysis and Activated Carbon
Filters offer alternative purification techniques.
- Application: Water purification systems cater to
residential, commercial, and industrial needs, ensuring clean water
for various sectors, while desalination systems provide drinkable
water from seawater and brackish water sources.
This Water Filtration: Global Markets Report contains
comprehensive information and analysis covering the following key
questions:
- What is the projected market size and growth rate of the
market?
The global water filters market was valued at $9.6 billion in 2023 and will reach $19.0 billion by 2029, and the growth rate is
12.5% for the forecast period 2024-2029
- What are the key factors driving the growth of the
market?
- Water scarcity
- Water quality issues
- Advancements in water filtration technologies.
- What segments are covered in the market?
The water filtration market is segmented based on filter type,
technology and application. The filter type segment is categorized
into depth filter and surface filters. The technology category
includes membrane-based and non-membrane-based filters as the major
segment; and the application segment includes water purification
systems and desalination systems.
- By filter type, which segment will dominate the market by
2029?
The depth filters segment dominates the filter type segment.
- Which region has the highest market share in the market?
Asia Pacific has the highest
market share in the market; the market is holding the highest share
based on various factors such as the major presence of companies
that are dealing in water technologies in the region and favorable
government support for water filtration.
Some of the Key Market Players Are:
- 3M
- ALFA LAVAL
- DONALDSON CO. INC.
- DUPONT
- ECOLAB
- KOVALUS SEPARATION SOLUTIONS
- MANN+HUMMEL
- TORAY INDUSTRIES INC.
- VEOLIA
- XYLEM
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Desalination: This report takes an in-depth look at
the desalination industry, focusing on seawater and brackish water,
which account for more than 85% of the market. It discusses the
state of water globally, drivers of growth, and challenges. A
technical overview of desalination technologies, including membrane
and thermal methods, and market forecasts from 2023 to 2028 are
provided.
Global Markets and Technologies for Water Recycling and
Reuse: This comprehensive report provides in-depth
insight into the technical, economic, and commercial aspects of
water treatment and recycling technologies, providing analysis and
forecasts for the global market. It covers these technologies'
various market forces and end-use applications, providing
descriptions and growth forecasts through 2028. The report explores
the drivers behind the market and examines its industry structure
considering international factors in different regions of the world
and types of water recycling and recycling technologies. In
addition, it includes profiles of major global manufacturers in
this field.
Directly Purchase a copy of the
report with BCC Research.
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touch with info@bccresearch.com.
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