$10+ Billion Water Filters Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.
The water filters market 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%.
The growth in food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas industries is driving the demand for water filters. However, patented products and high raw materials cost are some of the potential restraints for the growth of the water filters market.
By media type, the single & dual phase segment is projected to register the highest CAGR during the forecast period. There is a growing demand for single & dual phase media due to its multiple uses. The segments’ growth is also driven by the growth in food & beverages, chemicals & petrochemicals, pharmaceuticals, oil & gas industries.
Based on end-use industry, the food & beverages segment is projected to register the highest CAGR between 2018 and 2023. This growth is mainly attributed to the growing population, increasing urbanization, and the rising number of working women. Increasing health issues caused due to impure water particles & contaminants act as a major driver for the water filters market. The food & beverage industry uses a huge quantity of water for processing and other procedures.
By region, the Asia Pacific water filters market is projected to register the highest CAGR between 2018 and 2023. This growth projection is mainly attributed to the growing population, increasing urbanization & modernization, and increasing concerns related to the use and reuse of water and wastewater. China is estimated to be the largest contributor to the Asia Pacific water filters market.
The leading water filters manufacturers, globally, profiled in this report include 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).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Water Filters Market, By Media Type
8 Water Filters Market, By End-Use Industry
9 Water Filters Market, By Region
10 Competitive Landscape
11 Company ProfilesA.O. Smith Corporation Atlas Filtri Engineering Axeon Water Technologies Culligan Water DOW Water & Process Solutions Eaton Corporation Eclipse Magnetics Evoqua Water Technologies Filtra Systems Lydall Industrial Filtration Mann-Hummel Mantec Filtration Meissner Filtration Products, Inc. Mott Corporation Pall Corporation Pentair PLC Porex Corporation Russell Finex Ltd. Suez Water Technologies & Solutions Veolia
For more information about this report visit https://www.researchandmarkets.com/research/8njq2p/10_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181217005757/en/
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SOURCE: Research and Markets
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PUB: 12/17/2018 02:25 PM/DISC: 12/17/2018 02:26 PM