Home Water Filtration Unit Market Size, Share, Growth Analysis, By Product Type(Point-of-use Filters {Under the Counter Filters, Counter Top Filters, Pitcher Filters, Faucet-mounted Filters), By Category(RO Filters, UV Filters, Gravity Filters, and Others), By Application(Residential and Light Commercial), By Region - Industry Forecast 2024-2031

Global Home Water Filtration Unit Market size was valued at USD 5.43 billion in 2022 and is poised to grow from USD 5.7 billion in 2023 to USD 8.35 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

When tracking the expansion of the global home water filtration unit market, there has been a steady market trend in recent years. The home water filtration system market has had a consistent period of growth up till now. Consumer awareness of water quality problems to their health, sling with the increasing demand for clean and safe drinking water, has struck this market.

These factors have influenced this massive growth and it is predicted to keep going. Its steady rise can be credited to the global population understanding the presence of harmful toxins and pollutants in tap water, driving demand for water filtration units. Market growth is heavily driven by possible health risks of unfiltered water and concerns about pollutants which change the flavor and odor of drinking water.

The current consumer base is searching for sustainable water solutions that also implement minimal use of single-use plastic bottles due to the growing focus on eco-friendly consciousness, greatly impacting the home water filtration unit market. In response to these changes in consumer preferences, producers in the industry are developing cutting-edge filtering solutions and technologies.

The global home water filtration unit market is witnessing an increase in competition between market participants which has introduced a diverse range of product offerings and several price points into the industry. In conclusion, the global home water filtration unit market is predicted to continue on its path of tremendous growth as consumers keep prioritising the safety and quality of water.