Water Filters Market | Key players operating in the market include Eaton Corporation, Suez Water Technologies & Solutions, Veolia, Dow Water & Process Solutions, Evoqua Water Technologies, Mann-Hummel, Pall Corporation, Pentair PLC, and Lydall Industrial

According to recent market research "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.

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The water filters market is expected to be dominated by Asia Pacific region, with China being the major market in the region. Based on media type, which includes single & dual phase, multimedia, cartridge, and others (cloth, ceramic, and stainless steel), the single & dual phase segment estimated to lead the water filters market during the forecast period, whereas the multimedia segment is expected to register the fastest growth rate. The water filters market size is projected to grow from USD 10.8 billion in 2018 to USD 14.7 billion by 2023, at a CAGR of 6.3%. There is high demand for water filters from the food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas industries.

The water filters market has been segmented on the basis of end-use industry into municipal and industrial. The industrial includes food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas industries, among which the food & beverages industry is projected to register the highest CAGR between 2018 and 2023. This high growth is attributed to the increasing demand for beverages & portable drinking water. The chemicals & petrochemicals industry is another major market for water filters.

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The global water filters market size is estimated to be USD 10.8 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 6.3%. This market’s growth is mainly attributed to the high demand from oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries.

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 leading manufacturers of specialty water filters, globally.

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Veolia (US) is one of the leading players in the water filters market. The company has been focusing on organic & inorganic strategies to maintain its leading position in the market. For example, it established the world’s biggest sludge treatment and retrieval plant in Hong Kong, with a plan to treat wastewater from 11 wastewater sources. This expansion helped the company increase its geographic reach in the Asia Pacific region. In December 2016, Veolia merged its own sub-division Veolia Water Treatment & Solutions. Veolia, by this merger, expanded its business cycle over industrial, healthcare, and scientific sectors.

Eaton Corporation (US) is the other major player in the water filters market. The company adopted the organic growth strategies to establish its foothold, globally. For example, Eaton Corporation expanded its product portfolio by introducing 4 new products in 2017-18, resulting in high profits for the company. In January 2015, Eaton Corporation acquired Oxalis Group Ltd., which enabled it a long-term strategy to continue offering innovative solutions for industrial and commercial communication markets. This acquisition also helped open up a new business line for Eaton Corporation.

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