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Global Water Filter Market Bwc20138

Global Water Filter Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Product Type (Reverse Osmosis, Ultraviolet, Gravity, Sediment, Water Softener, Others), By Sales Channel (Distributor, Direct, Retail, Wholesale, Online), By End-User (Residential, Commercial, Industrial), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: October 2021
  • Report ID: BWC20138
  • Available Format: PDF
  • Page: 195

Report Overview

As a result of the deteriorating water quality and the growing demand for healthy and clean drinking water, the water filter market is witnessing a healthy CAGR across the globe.

Global Water Filter Market- Industry Trends & Forecast Report 2027

The global water filter market was worth USD 11.8 billion in 2020 and is further projected to reach USD 18.2 billion by the year 2027, growing at the CAGR of 6.4% in the forecast period. Globally, the demand for water filters has increased due to the deterioration of water quality and the increasing need for healthy, clean drinking water. As outdoor activity and leisure trips increase and customers' disposable income rises, the demand for portable water purifiers is likely to rise, contributing to the growth of the global water filter market.

Global Water Filter Market

Source: BlueWeave Consulting

Global Water Filter Market- Overview

The water in open sources is contaminated with dust, chemicals, and other impurities. The water in open sources contains dust, chemicals, and other impurities. A water filter helps purify water by removing contaminants and making it safe for consumption. Water filters remove chemical impurities or sediments in the water using specific mechanical and chemical filtration techniques that are comparatively less expensive. Markets also offer several safe and feasible devices for advanced filtering.

Global Water Filter Market Forecast and Trends

Growth Drivers

Increasing Global Awareness About Water Safety and Quality

Rising consumer awareness of water safety and quality due to increasing waterborne diseases worldwide is one of the primary factors responsible for rising water filter markets. The World Health Organization estimates that 80% of diseases are global, and unhygienic conditions and poor water quality cause 3.1% deaths. This factor is driving demand for water filters. In addition, water filter manufacturers continuously improve their technology and add new variations to their systems to ensure the maximum elimination of water impurities.

Increasing Utility in Developing and Underdeveloped Countries

Developing countries like India and China in Asia Pacific and underdeveloped areas in Africa are investing heavily in water purification infrastructures due to scarcity of drinking water. By running awareness campaigns and supporting companies that provide water purification, organizations like UNICEF and WHO are actively tackling the water crisis and the lack of healthy potable water. Additionally, manufacturers of water filters in these regions are expanding their product portfolios in order to take advantage of the vast potential of the market, which is predicted to create demand for water filters globally.

Restraints

Growing Popularity of Alternative Technologies

Water filters can be replaced by different technologies that deliver easily handled, low-cost purifiers, which hinders growth in the market. A number of global players are developing new technologies that reduce capital investment, operations, and maintenance costs, increase efficiency, and reduce waste generation, thus impeding market growth. On the other hand, here are some water filtering technologies that do not sufficiently destroy germs and bacteria, while others discharge contaminated water that contaminates other sources, negatively affecting the market for water filters.

Impact of COVID-19 on Global Water Filter Market

Owing to the nationwide lockdowns implemented by many countries worldwide, the global water filters market has been negatively impacted during the pandemic. After the pandemic outbreak in December 2019, the lockdown obstructed the production of water purifiers. Manufacturing firms faced difficulties due to reduced product demand and component supply disruptions. Moreover, several countries had to experience curfew-like situations where companies (except essential commodities and services providers) were not permitted to operate, which adversely affected the water purifier market and contributed to a decrease in water filter production.

Global Water Filter Market - By Product Type

Based on product types, the global water filter market is segmented into reverse osmosis, ultraviolet, gravity, sediment, water softener, and others. Due to its high-performance quality, low energy consumption, and frequent technological advancement in water purifiers, reverse osmosis holds the largest market share. Its demand is expected to grow among low-income groups, driving its market growth. On the other hand, gravity filters are projected to witness a high growth rate because of their cost-efficiency compared to the RO filters, because of which it is gaining traction in low-income countries.

Global Water Filter Market - By Sales Channel

Based on sales channels, the global water filter market is grouped into the distributor, direct, retail, wholesale, and online segments. Among these, the retails distribution channel segment accounts for the largest market share. Customers opt to purchase water filters from retail stores owing to the numerous discounts and convenience offered by such stores. Retail stores have high growth potential in developing countries due to the extensive presence of the middle-income population. The new wave of expansion through compact storage setup is also predicted to increase the demand for water filters in retail stores.

Global Water Filter Market - Regional Insights

Geographically, the global water filter market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominates the global water filter market. Brand penetration is comparatively higher in developed countries such as the US and Canada. Moreover, residential water filtration unit is seen as a necessity in this region, especially in metros and urban cities due to the increased microbial and chemical pollution in surface water supplies. The growing awareness of the adverse effects of polluted surface water, as well as a declining amount of drinking water are likely to drive the region’s water filter market during the forecast period.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global water filter market are 3M Company, Resideo Technologies, Inc., GE Appliances, Eaton Corporation plc, A.O. Smith Corporation, Evoqua Water Technologies LLC, SUEZ Water Technologies & Solutions, Pentair plc, BSH Home Appliances Corporation, Best Water Technology, Brita GmbH, Best Water Technology, Pall Corporation, Lydall Industrial Filtration, Mann-Hummel, Dow Water & Process Solutions, Veolia, Kent RO System Ltd., Eureka Forbes Limited, and other prominent players.

The market is fragmented, with the presence of numerous industry participants. The market participants significantly focusses on offering innovative water filters to grab a larger share in the market. Diversified product portfolio and proven channel of distribution are factors responsible for strengthening these companies' roles in the water filter industry. The adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

  • In October 2021, Pentair, a US-based water treatment company, announced the acquisition of Pleatco, cartridge filters, water filters cartridge, and water filter replacement, for approximately USD 255 million in cash.
  • In October 2021, Unilever, the leading consumer goods company, announced the launch of Pureit, an innovation in reverse osmosis (RO) water purification in the US market.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Product Type, By Sales Channel, By End-User, By Region

Key Players

3M Company, Resideo Technologies, Inc., GE Appliances, Eaton Corporation plc, A.O. Smith Corporation, Evoqua Water Technologies LLC, SUEZ Water Technologies & Solutions, Pentair plc, BSH Home Appliances Corporation, Best Water Technology, Brita GmbH, Best Water Technology, Pall Corporation, Lydall Industrial Filtration, Mann-Hummel, Dow Water & Process Solutions, Veolia, Kent RO System Ltd., Eureka Forbes Limited, and other prominent players.

 

By Product Type

  • Reverse Osmosis
  • Ultraviolet
  • Gravity
  • Sediment
  • Water Softener
  • Others

By Sales Channel

  • Distributor
  • Direct
  • Retail
  • Wholesale
  • Online

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Worldwide Awareness about Water Safety and Quality
        2.  Increased Range of Utility in Developing and Underdeveloped Countries
      2. Market Restraints
        1. Presence of Alternate Technologies
      3. Market Challenges
        1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
        1. Rising Demand For Water Purifiers, Coupled With Increasing Disposable Income
        2. Developing Online Sales Channels
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Water Filter Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Product Type
        1. Reverse Osmosis
        2. Ultraviolet
        3. Gravity
        4. Sediment
        5. Water Softener
        6. Others
      2. By Sales Channel
        1. Distributor
        2. Direct
        3. Retail
        4. Wholesale
        5. Online
      3. By End-User
        1. Residential
        2. Commercial
        3. Industrial
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Global Water Filter Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Sales Channel
      3. By End-User
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Global Water Filter Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Sales Channel
      3. By End-User
      4. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Global Water Filter Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Sales Channel
      3. By End-User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Global Water Filter Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Product Type
      2. By Sales Channel
      3. By End-User
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Global Water Filter Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Product Type
    4. By Sales Channel
    5. By End-User
    6. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Water Filter Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. 3M Company
    2. Resideo Technologies, Inc.
    3. GE Appliances
    4. Eaton Corporation plc
    5. A.O. Smith Corporation
    6. Evoqua Water Technologies LLC
    7. SUEZ Water Technologies & Solutions
    8. Pentair plc
    9. BSH Home Appliances Corporation
    10. Best Water Technology
    11. Brita GmbH
    12. Best Water Technology
    13. Pall Corporation
    14. Lydall Industrial Filtration
    15. Mann-Hummel
    16. Dow Water & Process Solutions
    17. Veolia
    18. Kent Ro System Ltd.
    19. Eureka Forbes Limited
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global Water Filter Segmentation

 

Figure 2: Global Water Filter Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 5: Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 6: Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 7: Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 8: Global Water Filter Market Share (%), By Region, By Value, 2020-2027

 

Figure 9: North America Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 10: North America Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 11: North America Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 12: North America Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 13: North America Global Water Filter Market Share (%), By Country, By Value, 2020-2027

 

Figure 14: Europe Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 15: Europe Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 16: Europe Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 17: Europe Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 18: Europe Global Water Filter Market Share (%), By Country, By Value, 2020-2027

 

Figure 19: the Asia-Pacific Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 20: the Asia-Pacific Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 21: the Asia-Pacific Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 22: the Asia-Pacific Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 23: the Asia-Pacific Global Water Filter Market Share (%), By Country, By Value, 2020-2027

 

Figure 24: Latin America Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 25: Latin America Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 26: Latin America Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 27: Latin America Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 28: Latin America Global Water Filter Market Share (%), By Country, By Value, 2020-2027

 

Figure 29: Middle East & Africa Global Water Filter Market Size, By Value (USD Billion), 2020-2027

 

Figure 30: Middle East & Africa Global Water Filter Market Share (%), By Product Type, By Value, 2020-2027

 

Figure 31: Middle East & Africa Global Water Filter Market Share (%), By Sales Channel, By Value, 2020-2027

 

Figure 32: Middle East & Africa Global Water Filter Market Share (%), By End-User, By Value, 2020-2027

 

Figure 33: Middle East & Africa Global Water Filter Market Share (%), By Region, By Value, 2020-2027

 

 

 

List of Tables

 

 

Table 1: Global Water Filter Market Size, By Product Type, By Value, 2020-2027

 

Table 2: Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 3: Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 4: Global Water Filter Market Size, By Region, By Value (USD Billion), 2020-2027

 

Table 5: North America Global Water Filter Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 6: North America Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 7: North America Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 8: North America Global Water Filter Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 9: Europe Global Water Filter Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 10: Europe Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 11: Europe Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 12: Europe Global Water Filter Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 13: the Asia-Pacific Global Water Filter Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 14: the Asia-Pacific Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 15: the Asia-Pacific Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 16: the Asia-Pacific Global Water Filter Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 17: Latin America Global Water Filter Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 18: Latin America Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 19: Latin America Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 20: Latin America Global Water Filter Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 21: The Middle-East & Africa Global Water Filter Market Size, By Product Type, By Value (USD Billion), 2020-2027

 

Table 22: The Middle-East & Africa Global Water Filter Market Size, By Sales Channel, By Value (USD Billion), 2020-2027

 

Table 23: The Middle-East & Africa Global Water Filter Market Size, By End-User, By Value (USD Billion), 2020-2027

 

Table 24: The Middle-East & Africa Global Water Filter Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 25: 3M Company Financial Analysis

Table 26: 3M Company Business Overview

Table 27: Resideo Technologies, Inc. Financial Analysis

Table 28: Resideo Technologies, Inc. Business Overview

Table 29: GE Appliances Corporation Financial Analysis

Table 30: GE Appliances Corporation Business Overview

Table 31: Eaton Corporation plc Financial Analysis

Table 32: Eaton Corporation plc Business Overview

Table 33: A.O. Smith Corporation Financial Analysis

Table 34: A.O. Smith Corporation Business Overview

Table 35: Evoqua Water Technologies LLC Financial Analysis

Table 36: Evoqua Water Technologies LLC Business Overview

Table 37: SUEZ Water Technologies & Solutions Financial Analysis

Table 38: SUEZ Water Technologies & Solutions Business Overview

Table 39: Pentair plc Financial Analysis

Table 40: Pentair plc Business Overview

Table 41: BSH Home Appliances Corporation Financial Analysis

Table 42: BSH Home Appliances Corporation Business Overview

Table 43: Best Water Technology Financial Analysis

Table 44: Best Water Technology Business Overview

Table 45: Brita GmbH Financial Analysis

Table 46: Brita GmbH Financial Analysis

Table 47: Best Water Technology Financial Analysis

Table 48: Best Water Technology Business Overview

Table 49: Pall Corporation Financial Analysis

Table 50: Pall Corporation Business Overview

Table 51: Lydall Industrial Filtration Financial Analysis

Table 52: Lydall Industrial Filtration Business Overview

Table 53: Mann-Hummel Financial Analysis

Table 54: Mann-Hummel Business Overview

Table 55: Dow Water & Process Solutions Financial Analysis

Table 56: Dow Water & Process Solutions Business Overview

Table 57: Veolia Financial Analysis

Table 58: Veolia Business Overview

Table 59: Kent Ro System Ltd. Financial Analysis

Table 60: Kent Ro System Ltd. Business Overview

Table 61: Eureka Forbes Limited Financial Analysis

Table 62: Eureka Forbes Limited Business Overview

Market Segmentation

By Product Type

  • Reverse Osmosis
  • Ultraviolet
  • Gravity
  • Sediment
  • Water Softener
  • Others

By Sales Channel

  • Distributor
  • Direct
  • Retail
  • Wholesale
  • Online

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global water filter market reached USD 11.8 billion in 2020.
Ans: The major factors driving the growth of the global water filter market are; increasing worldwide awareness about water safety and quality and increased range of utility in developing and underdeveloped countries.
Ans: The key players in the global water filter market are: 3M Company, Resideo Technologies, Inc., GE Appliances, Eaton Corporation plc, A.O. Smith Corporation, Evoqua Water Technologies LLC, SUEZ Water Technologies & Solutions, Pentair plc, BSH Home Appliances Corporation, Best Water Technology, Brita GmbH, Best Water Technology, Pall Corporation, Lydall Industrial Filtration, Mann-Hummel, Dow Water & Process Solutions, Veolia, Kent RO System Ltd., Eureka Forbes Limited, and other prominent players.
Ans: The commercial segment accounted for the largest share in the global water filter market.
Ans: North America has the largest share in the global water filter market.