Water Filtration Market

Global Water Filtration Market Size (2024 to 2029)

The global water filtration market is predicted to grow at a CAGR of 6.3% from 2024 to 2029 and the market size is expected to be valued at USD 21.35 billion by 2029 from USD 15.73 billion in 2024.

Current Scenario of the Global Water Filtration Market

The water filtration market is witnessing considerable growth, with its industry footprint extending as more consumers and stakeholders invest in pure water products.

Moreover, the companies are also investing in real-time monitoring to increase their insufficient data bank. In addition, the industry is experiencing swift transformation which is fuelled by technological developments, green programs and the escalating demand for safe drinking water products. In addition, there is a diverse range of products including industrial-scale purification technologies and point-of-use systems serving several usages and customer demands. The focus on clean practices, water reprocessing and industry penetration in emerging regions is accelerating technological progress and market growth. Considering the worsening global warming situation and rising water problems, the market is slated to achieve a higher CAGR in the future.

MARKET DRIVERS

The water filtration market growth is driven by the growing popularity of intelligent and connected purification products.

These systems integrated with live data collection, analysis and display of water quality and consumption are rapidly gaining traction from customers in urban and semi-urban locations. Also, the heightened requirement for tailored water filtration solutions and the growing popularity of smart home devices are influencing this pattern. Normally, chlorine, lead and total dissolved solids (TDS) levels are the main water quality and performance indicators that these solutions track utilising sensors.

Apart from this, the advancements in filtration techniques like reverse osmosis membranes, ceramic and activated carbon are other key factors contributing to the market expansion. Further, the incorporation of intelligent technologies such as IoT-based sensors and tracking systems facilitates live monitoring of quality and overall performance.

Additionally, the market growth is also propelled by the mobile and handy water purification solutions that are rapidly becoming popular, especially during outdoor physical activity by tourists and emergency-ready kits. These filters and bottles with inherent filters, also as straw purifiers provide people with pure drinking water on the go, whether holidaying in the mountains or going to distant areas. These small and lighter filtration products offer much-needed peace by providing clean water for use regardless one goes anywhere.

MARKET RESTRAINTS

The water filtration market growth is restricted by the escalating purchase and maintenance costs. The filter utilised in the system is required to be replaced with a new one and this often needs an appointment with the authorised service provider to book a slot. For this, companies charge high for each part replaced and the type of service availed. Consequently, the water filtration solution’s total upkeep costs substantially rise. Also, Point-of-entry products demand service and filter change between two to three years. So, such regular replacements can discourage customers from acquiring PoU water processing solutions.  Ultimately, the main constraint to the growth of the water filtration industry is the exorbitant material expenses.

MARKET OPPORTUNITIES

As of now, the biggest purchaser of purified water refilling platform solutions, there is a huge unexplored potential in direct-to-customer sales.

This is expected to boost the water filtration market growth rate. As pure water turns into a more urgent matter, people may progressively desire to manage their water quality and consumption and be sure that what they are consuming is clean from impurities for all. Hence, market players need to emphasise smaller and easier systems which will be simple to use and maintain regardless of having technical know-how. This will help businesses reach more customers directly to satisfy their demands.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Water Filtration Market By Type

The reverse osmosis water filter segment captured the major proportion of the water filtration market share and is expected to only progress further during the forecast period.

This is because of the rising demand for RO membranes in water and wastewater processing. Moreover, growing water shortage and changes in government laws enforcing the recycling of commercial and municipal sewage water are also propelling the segment’s market share. Further, the surge in the need for industrially treated water and the rapid pace of urbanization in developing regions, like Latin America, the Middle East, and Asia Pacific are also pushing the market forward.

Global Water Filtration Market By Application

The residential segment is believed to witness a significant rise in its market share during the estimation period owing to the elevating demand for water purification from households, residential societies, and apartments.

The segment’s market size is also increasing due to high consumption and the constant requirement for clean water. As customers living in high-rise societies prefer value-for-money services or products, the pressure to deliver persistent and superior-quality water supply is fuelling the sales and aftersales which ultimately influences the segment’s market share.

Whereas, the commercial segment is also expected to advance at a higher rate in certain regions like India where the service sector and industrialization are quickly expanding

REGIONAL ANALYSIS

Asia Pacific accounted for the biggest portion of the water filtration market share.

The rising quality of life, coupled with the increased spending power of the population in the APAC countries has led to a greater necessity for feedstocks and services which provide an easy and clean living. One such range of offerings that has become more popular in the area is water filtration systems. Further, several regional governments continue to struggle to supply clean water for the routine purposes of the households. Thus, customer’s inclination towards having a purification solution in their houses is driving the APAC’s market size. Furthermore, the expanding population in the region placed a heavy burden on the accessibility of drinking resources, like potable water and this accelerated the product’s demand in the region.

North America is likely to grow at a steady pace during the forecast period for the water filtration market.

The region’s market growth is majorly driven by the deeper penetration of water processing solutions among North American customers. Also, individuals in the area are considerably more cognizant of the advantages of secure & clean drinkable water and hence, have installed filtration systems to make sure the same for their close friends and family. Additionally, the existence of big number of commercial producers and their matured supply networks will continue to push the expansion rate of the regional market.

Another key industry is Europe which is propelling at a higher CAGR and holds a notable market share of water filtration.

This can be attributed to the thriving draft alcoholic beverage-producing sector. Apart from this, the consumption of these beverage types like beer and wine is growing yearly in European countries and has been the main factor fuelling the need for these solutions to filter the water necessary in the manufacturing of these drinks.

KEY PLAYERS IN THE GLOBAL WATER FILTRATION MARKET

Ecolab Inc, Suez Water Technologies & Solutions, Pentair PLC, 3M Company, Pall Corporation, Sundylee, Quanlai, Hanston, Joyoung, Flanne, Watts, 3M, Honeywell, Royalstar, GE, Everpure,GREE, Midea, Cillit, Culligan, Amway eSpring, Haier, Ecowater, Doulton, Qinyuan, Stevoor are some of the notable companies in the global water filtration market.

RECENT HAPPENINGS IN THE MARKET

• In December 2023, Spiral Water Technologies, a prominent company in modern automated self-cleaning filtration and separation, launched the latest wastewater processing system for biogas generation.
• In March 2023, scientists at the University of British Columbia (UBC) reported a major development in water treatment technology by creating a unique process for separating per and poly-fluoroalkyl matters (PFAS), also called ‘forever chemicals,’ from water sources.

DETAILED SEGMENTATION OF THE GLOBAL WATER FILTRATION MARKET INCLUDED IN THIS REPORT

This research report on the global water filtration market has been segmented and sub-segmented based on type, Application, and region.

By Type

• Reverse Osmosis Water Filter
• Ultrafiltration Membrane Water Filter
• Other

By Application

• Residential
• Commercial

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa