Global Water Filter Cartridges Market

Water Filter Cartridges Market Size, Share, Growth Analysis, By Type(Pleated Depth Filter Cartridges, Industrial Depth Filter Cartridges, Membrane Filter Cartridges, Wrapped Depth Filter Cartridges), By Application(Municipal, Industrial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2538 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 64 | Figures: 75

Water Filter Cartridges Market Dynamics

Water Filter Cartridges Market Driver

  • Water purifiers provide safe drinking water by removing dangerous bacteria, viruses, and other pollutants. Giardia and cryptosporidium removal reduces the risk of gastrointestinal disease by 33%. Additionally, it gets rid of chlorine and its metabolites and lessens the risk of rectal and bladder cancer. Additionally, drinking clean water helps to maintain an optimal energy level, enhance skin health, reduce weight, and strengthen the body's overall immune system.
  • Water flavor and taste are more valuable after purification. As a result, using clean and safe water when cooking preserves the flavor of the dish. Minerals are removed by household water filters, which can lower the water's overall quality. The purification at the water entrance point extends the piping's life and greatly reduces maintenance costs.

Water Filter Cartridges Market Restraint

  • The factors such as high cost of cartridges, and complex setups for filtration processes are hampering the market for water filter cartridges. The life span of water filter cartridges is limited, and accumulation or deposition of particles in these cartridges is another factor, which can limit the growth of water filter cartridges market.
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Water Filter Cartridges Market size was valued at USD 12.45 billion in 2019 and is poised to grow from USD 13.33 billion in 2023 to USD 24.72 billion by 2031, growing at a CAGR of 7.1% in the forecast period (2024-2031).

Several water purification products and manufacturing technologies have undergone extensive research and development by leading industry participants. The major tactic employed by the market leaders for their success is a wide product portfolio, complemented by superior operational efficiency & new technologies. Leading businesses use new product development and the acquisition of small-scale manufacturers or suppliers as significant strategy to expand their regional footprint and keep up with the fiercer competition. 'Eaton Corporation (Ireland)', '3M Purification, Inc.', 'Culligan International Company', 'Amway Corporation', 'Pentair plc', 'Brita GmbH', 'Dow Chemical Company', 'Honeywell International Inc.', 'Unilever PLC', 'LG Electronics, Inc.', 'Best Water Technology AG (BWT AG)', 'Toray Industries Inc.', 'Mitsubishi Chemical Corporation', 'A. O. Smith Corporation', 'General Electric Company', 'Clack Corporation', 'Marmon Water (Berkshire Hathaway Company)', 'Aqua Pure Corporation', 'Katadyn Group', 'Filtration Group Corporation'

Water purifiers provide safe drinking water by removing dangerous bacteria, viruses, and other pollutants. Giardia and cryptosporidium removal reduces the risk of gastrointestinal disease by 33%. Additionally, it gets rid of chlorine and its metabolites and lessens the risk of rectal and bladder cancer. Additionally, drinking clean water helps to maintain an optimal energy level, enhance skin health, reduce weight, and strengthen the body's overall immune system.

Draining natural water resources will increasing dependency towards groundwater where water filter cartridges are used extensively in the submersible water units that will mainly drive the new as well as replacement market of water filter cartridges.

Asia Pacific region is dominating water filter cartridges market with the market share of 37% of the total global market share. Due to rising awareness of the waterborne disease, urbanization, and industrialization, which demand pure filtered water, are the key reasons for the growth of this market. China is the leader in the water filter cartridges market in the Asia Pacific region. Having the world largest population as well as the manufacturing hub makes China dominating the region. With many global and domestic manufacturers, having their plants operating in the country makes market competitive and fragmented. India is the second-largest water consumer in the world. The country needs around 740 billion cubic meters of water per year to serve its population. This creates a huge demand for industrial and municipal demand of water filter cartridges for filtration unit in country. The Indian government have implemented various mega projects for water filtration, as the requirement for clean water for thermal power plants and industrial usage is increasing year on year which is booming water filter cartridge market.

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Global Water Filter Cartridges Market

Report ID: SQMIG15E2538

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