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 Insights

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).

The water filter cartridge is a piece of tubular filtration equipment that can be use across various industries for an array of filtration requirements. A water filter cartridge is encasing within a housing or casing and used to remove unwanted particles, pollutants, and chemicals from water. It is used in municipal as well as industrial applications to get clean, ionized, smell, and gas-free water. The market for water filter cartridges is expanding as people become more aware of the problems brought on by consuming contaminated water and the need of using water filters. Concerns have been raised about the rapid industrialisation and declining water quality. Cheap water filters are readily accessible. Additionally, this has led to an increase of water filter cartridges market on a global scale.

US Water Filter Cartridges Market is poised to grow at a sustainable CAGR for the next forecast year.

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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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