May 16, 2024
Boston: “According to the latest BCC Research study, the demand for Water Filtration: Global Markets is expected to grow from $10.5 billion in 2024 and is projected to reach $19.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.5% during the forecast period of 2024 to 2029.”
This report on the global water filtration market analyzes key segments including filter type (depth and surface), technology (membrane and non-membrane), and application (purification and desalination). Geographically, it focuses on North America, Europe, Asia-Pacific, and the Rest of the World. Excluding revenues from services and equipment, the study measures market values at the manufacturer level, with data from 2023 and forecasts from 2024 to 2029 in millions of U.S. dollars.
Interesting Facts About Water Filtration:
Water filter membranes are vital for applications in the food, beverage, and healthcare industries in addition to drinking water. Customized filtration solutions focus on pollutants, and the financial savings are substantial—filtered tap water is just slightly more expensive than bottled water—underscoring the benefits of filtration for the environment and the economy.
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The global water filtration market is driven by the following factors:
Water Scarcity: As the global population grows and industries expand, the demand for clean water increases, while freshwater resources remain limited.
Water Quality Issues: Contaminants like bacteria, viruses, and pollutants threaten water quality, but filtration systems effectively remove impurities, ensuring safe water for drinking and industry.
Advancements in Filtration: Continuous research has led to improved filtration technologies, enhancing efficiency, reducing energy consumption, and improving water quality.
Environmental Impact of Bottled Water: Production and disposal of plastic water bottles harm the environment, driving the shift towards sustainable water filtration systems as an eco-friendly alternative.
Specialized Industry Solutions: Industries requiring high-quality water, like pharmaceuticals and electronics, benefit from tailored filtration solutions, ensuring purity, efficiency, and regulatory compliance.
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Report Synopsis
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Report Metrics |
Details |
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Base year considered |
2023 |
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Forecast Period considered |
2024-2029 |
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Base year market size |
$9.6 billion |
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Market Size Forecast |
$19.0 billion |
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Growth Rate |
CAGR of 12.5% for the forecast period of 2024-2029 |
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Segment Covered |
Filter Type, Technology, Application, and Region |
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Regions covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
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Countries covered |
U.S., Canada, Mexico, Germany, the U.K., France, China, India, the Middle East and Africa |
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Key Market Drivers |
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Segmentation Analysis:
Filter Types: Depth filters trap particles within their structure, ideal for high dirt-holding capacity, while surface filters capture contaminants on the filter's surface, effective for removing fine particles.
Technology: Membrane-based methods like Reverse Osmosis (RO) and Nanofiltration selectively remove impurities, while non-membrane-based options like Electrolysis and Activated Carbon Filters offer alternative purification techniques.
Application: Water purification systems cater to residential, commercial, and industrial needs, ensuring clean water for various sectors, while desalination systems provide drinkable water from seawater and brackish water sources.
This Water Filtration: Global Markets Report contains comprehensive information and analysis covering the following key questions:
1. What is the projected market size and growth rate of the market?
2. What are the key factors driving the growth of the market?
3. What segments are covered in the market?
4. By filter type, which segment will dominate the market by 2029?
5. Which region has the highest market share in the market?
Some of the Key Market Players Are:
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Global Markets and Technologies for Water Recycling and Reuse: This comprehensive report provides in-depth insight into the technical, economic, and commercial aspects of water treatment and recycling technologies, providing analysis and forecasts for the global market. It covers these technologies' various market forces and end-use applications, providing descriptions and growth forecasts through 2028. The report explores the drivers behind the market and examines its industry structure considering international factors in different regions of the world and types of water recycling and recycling technologies. In addition, it includes profiles of major global manufacturers in this field.
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Water Filtration: Global Markets( MST080B )
Publish Date: May 2024
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