Media-based Water Filter Market Surpass USD 18.12 Billion in the Forecast Period
Increasing low-budget water
filter penetration and growing awareness regarding risks of consuming impure
water are expected to drive global Media-based Water Filter market during the
forecast period.
According
to TechSci Research report, “Global
Media-based
Water Filter Market By Type (Activated Carbon Filters, Sediment Filters,
Sand Filters and Others), By End Use Industry (Industrial, Commercial and
Municipal & Residential), By Sales Channel (Direct and Indirect), By
Company, By Region, Forecast & Opportunities, 2025”, global
media-based water filter market was valued USD12.60 Billion in 2019 and is
projected to grow at CAGR of 6.68% in the next five years owing to demand for
low-budget filters and growing demand for combination water purification
systems, globally. Combination water purification systems overcomes the
limitation of single purification technology; therefore, is being increasingly
used by the manufacturers. Water-borne diseases such as diarrhea, dysentery, hepatitis A,
typhoid and cholera are on rise due to presence of pathogens in water,
making water unfit for human consumption. Additionally, growing health related
concerns due to consumption of contaminated water is further driving the growth
of the market.
Growing
replacement demand for media-based water filters is another factor for the
growth of the market. On account of growing awareness related to type of
pollutants/ impurities present in the water, consumers/buyers are now
understanding the need for the replacement of filters installed in water
purifier, driving the growth of the global media-based water filter market.
However, difficulty related to the procurement of raw materials and presence of
disinfectant chemicals for water purification can hamper the growth of the market.
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Global
media-based water filter market can be segmented based on type, end use industry, sales channel and
region. Considering the type, the market is fragmented into activated carbon
filters, sediment filter, sand filters and others. Activated carbon based water
filters works through the cycle of adsorption by binding pollutants chemically
outside the charcoal filter instead of genuinely retaining them. It eliminates
organics, chlorine, radon and substance scents, improving the flavor of the
water. Thus, this type of filter is majorly demanded across countries.
3M Company, The Clorox Company, Xylem
Inc., Pentair Plc, Culligan International Company, BWT Aktiengesellschaft (BWT
AG), Exelon Filtration, LLC, Evoqua Water Technologies LLC, Paragon AG and
Katadyn Products Inc among others are the leading players operating in
global media-based water filter market. The leading players are adopting several
growth strategies to enhance the market scenario of media-based water filter.
Other competitive strategies include product launches; mergers &
acquisitions; agreements, partnerships, and research collaborations; and
expansions to diverse their product portfolio in order to strengthen their
market position.
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“Sales of media-based water filters are growing across Asia-Pacific at a
robust pace due to the presence of water purifier manufacturing plants and
industries in the region, especially in China. Also, rising purchasing power,
growing per capita income in the region, and increasing demand for combination
water purification systems having media-based water filters, are leading to the
higher demand for media-based water filters in the region. Rising water
scarcity coupled with deteriorating water quality across low lying regions is
anticipated to positively influence the region’s media-based water filter
market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Media-based Water Filter Market By Type
(Activated Carbon Filters, Sediment Filters, Sand Filters and Others), By End
Use Industry (Industrial, Commercial and Municipal & Residential), By Sales
Channel (Direct and Indirect), By Company, By Region, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global media-based water filter market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global media-based water filter market.
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