DUBLIN, Dec. 17, 2018 /PRNewswire/ --
The "Water Filters Market by Media Type (Single & Dual Phase, Multimedia, Cartridge), End-Use Industry (Municipal, Industrial (Oil & Gas, Chemicals & Petrochemicals, Food & Beverages, and Pharmaceuticals)), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The water filters market is estimated to be USD 10.8 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 6.3%.
The growth in food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas industries is driving the demand for water filters. However, patented products and high raw materials cost are some of the potential restraints for the growth of the water filters market.
Water filtration is the separation process of solid contaminants from water by passing it through a physical porous medium that retains the contaminants and allows clean water to pass. The filtration process has evolved to a great extent in the last decade with the development of various filter media and flow processes. These processes are customized in terms of dimensions of filter media such as pore size, material used, and the flow rate of the water to be treated.
The filter media is the most important constituent of the water filtration system; it consists of polymers, cotton, metals, ceramics, and others. Water filters are one of the key constituents of water and wastewater systems across various municipal and industrial applications.
Asia Pacific was the largest water filters market in 2017 and is expected to be the fastest-growing market, at a CAGR of 8.2% during the forecast period. It accounted for a share of 42.7% in 2017. The growth of the market in this region is driven by municipal as well as industrial applications in water and wastewater treatment.
Some of the key countries contributing to the demand in this region include China, India, Japan, and South Korea. North America and Europe are other major regions with stable demand from both, industrial and municipal applications. The Middle East & Africa and South America are expected to be emerging markets for water filters during the forecast period.
The scenario in the water filters market is diversified and competitive with the presence of a few global players and a moderate number of regional and local players.
The key players in this market are Veolia (France), SUEZ SA (France), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (US), Porex Corporation (US), Mott Corporation (US), Eaton Corporation (Ireland), Dow Water & Process Solutions (US), and others.
They have strong product portfolios and robust business strategies, which help them maintain sustainable growth in the market.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Water Filters Market
4.2 Water Filters Market, By Media Type
4.3 Water Filters Market, By Industrial End-Use Sector
4.4 Water Filters Market, By Region
4.5 Asia Pacific Water Filters Market, By End-Use Industry and Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Regulation on Industrial and Municipal Wastewater Disposal
5.2.1.2 Higher Efficiency With A Longer Lifetime
5.2.2 Restraints
5.2.2.1 Patented Products
5.2.3 Opportunities
5.2.3.1 Increasing Urbanization in Emerging Economies
5.2.3.2 High Industrial Growth in Asia Pacific
6 Industry Trends
6.1 Introduction
6.2 Policy & Regulations
6.3 Porter's Five Forces Analysis
7 Water Filters Market, By Media Type
7.1 Introduction
7.1.1 Water Filters Market, By Media Type
7.2 Single & Dual Filter Media
7.2.1 Asia Pacific to Dominate Single & Dual Phase Water Filters Market During Forecast Period
7.3 Cartridge
7.3.1 North America and Europe to Show Stable Demand for Cartridge Water Filters
7.4 Multimedia
7.4.1 Middle East & Africa Promise High Demand for Multimedia Water Filters
7.5 Others
7.5.1 Asia Pacific Relatively High Demand From Asia Pacific for Other Media Types
8 Water Filters Market, By End-Use Industry
8.1 Introduction
8.1.1 Water Filters Market, By End-Use Industry
8.2 Municipal
8.2.1 Increasing Urbanization Projected to Fuel Growth of Municipal Segment
8.3 Industrial
8.3.1 North America and Europe to Provide Stable Demand in Industrial Sector
8.4 Food & Beverages
8.4.1 High Growth of Food & Beverages in Asia Pacific to Propel Growth of Water Filters in the Region
8.5 Chemicals & Petrochemicals
8.5.1 Increasing Concentrations of Chemical Plants in Emerging Regions to Drive the Market
8.6 Pharmaceuticals
8.6.1 Strict Operating Practices to Drive Demand in Pharmaceuticals
8.7 Oil & Gas
8.7.1 Recovery in Oil & Gas Sector to Propel Market Demand
8.8 Others
8.8.1 Water Filters Market in Other Industries, By Region
9 Water Filters Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Ranking of Key Market Players Between January 2013 and November 2018
10.3 Competitive Situation & Trends
10.3.1 New Product Developments
10.3.2 Mergers & Acquisitions
10.3.3 Partnerships/Agreements/Collaborations
10.3.4 Expansions
11 Company Profiles
11.1 A.O. Smith Corporation
11.2 Eaton Corporation
11.3 Suez Water Technologies & Solutions
11.4 Veolia
11.5 DOW Water & Process Solutions
11.6 Evoqua Water Technologies
11.7 Mann-Hummel
11.8 Pall Corporation
11.9 Pentair PLC
11.10 Lydall Industrial Filtration
11.11 Atlas Filtri Engineering
11.12 Axeon Water Technologies
11.13 Culligan Water
11.14 Eclipse Magnetics
11.15 Filtra Systems
11.16 Mantec Filtration
11.17 Meissner Filtration Products, Inc.
11.18 Mott Corporation
11.19 Porex Corporation
11.20 Russell Finex Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/xtl2r3/global_water?w=5
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