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Water Filters Market 2023 - Industry Overview, Market Opportunities, Leading Players, Key Drivers And Forecast To 2032
Water Filters Market Analysis
The Business Research Company's Water Filters Global Market Report 2023 identifies increasing focus on water purification and water quality as the major driver for the water filters market's growth in the forecast period. Wastewater treatment removes suspended solids as possible before discharging the leftover water, known as effluent, back into the environment. As solid matter decays, it consumes oxygen, which is required by the plants and animals that live in the water. The demand for wastewater treatment and filtration is increasing as water-related illnesses are increasing and are the greatest cause of sickness and death.
The global water filters market size is expected to grow from $13.07 billion in 2022 to $14.06 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The water filters market is expected to grow to $18.74 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the water filters market are Eaton Corporation, Suez Water Technologies & Solutions, Veolia, Dow Water & Process Solutions, EvoQua Water Technologies, Mann-Hummel, Pall Corporation.
A key trend in the water filters market includes technological development. Major companies in the water phase filtration sector are focused on technological advancements and sustainable alternatives to expand market reach and presence. For instance, in April 2022, Pentair, a US-based water treatment company, launched a long-lasting water filtration device that gives customers better tap water. The device is powered by InstaClean Technology and certified to reduce or remove 76 contaminants. By decreasing the usage of single-use plastic water bottles and giving customers access to cleaner household water, the company hopes to offer a sustainable substitute for bottled water.
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The water filters market is segmented -
1) By Filters: Single And Dual Media Filter, Multi-Media Filtration, Activated Carbon Filtration, Ultra-Filtration, Strainer Cartridge, Other Filters
2) By Technology: Gravity Purifiers, RO Purifiers, UV Purifiers
3) By End-Use Verticals: Municipal, Industrial, Other End-Use Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the water filters market.
The Business Research Company's "Global Water Filters Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Water Filters Market Include:
1. Executive Summary
2. Water Filters Market Characteristics
3. Water Filters Market Trends And Strategies
4. Water Filters Market - Macro Economic Scenario
5. Water Filters Market Size And Growth
……..
26. Africa Water Filters Market
27. Water Filters Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Water Filters Market
29. Water Filters Market Future Outlook and Potential Analysis
30. Appendix
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