Residential Water Filtration Parts & Accessories Market to Reach $13.88 Billion by 2029, Smart Technologies to Act as a Game Changer in the Market - Arizton

CHICAGO, Feb. 19, 2024 /PRNewswire/ -- According to Arizton's latest research report, the residential water filtration parts & accessories market is growing at a CAGR of 6.52% during 2023-2029.       

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Browse In-depth TOC on the Residential Water Filtration Parts & Accessories Market

301 – Pages          
111 - Tables           
 83 - Figures   

Residential Water Filtration Parts & Accessories Market Report Scope

Smart Technology Revolutionizes Residential Water Filtration Parts & Accessories Market

Integrating smart technology into residential water filtration systems is rapidly transforming the industry. Leading brands like PUR, GE, and TAPP Water are innovating with features such as remote monitoring, leak detection, and personalized filtration settings. PUR's Bluetooth Ultimate Faucet Filtration System syncs with smartphones, allowing users to track water consumption and filter usage through a dedicated app. MAXION filter technology effectively reduces over 70 contaminants, including lead, mercury, and pesticides, providing peace of mind for users. Advancements in filter materials, including self-cleaning mechanisms and high-capacity membranes, enhance performance and extend filter lifespans. Despite potential increases in cost, the added convenience and improved user experience offered by automatic filter replacements, water quality monitoring, and connectivity with home automation systems are driving adoption. Competing with established brands like GE, TAPP Water's smart water filter boasts advanced micro-filtering and activated carbon technology. Its Bluetooth-enabled application provides cartridge replacement reminders, tracks savings compared to bottled water, and maps public drinking water sources. Hence, the smart technology revolution in residential water filtration is reshaping the market, offering consumers greater control, convenience, and confidence in the quality of their drinking water.

Whole House Application to Dominate the Market Share, while Under-the-Sink to Witness the Fastest Growth Rate

Whole-house water filtration systems are gaining popularity due to their effectiveness in providing clean, odor-free water throughout the home. These systems, known as point-of-entry (POE) systems, offer benefits such as softer skin and hair, improved drinking water quality, and protection for household appliances. Despite being more expensive upfront and requiring professional installation, they offer a shorter return on investment compared to alternatives like bottled water. Leading brands like Crystal Quest, Pentair, and APEC offer various product ranges to cater to household needs, with prices ranging from $869 to over $2,500 depending on features and capacity.

Under-the-sink water filtration systems, installed beneath sinks and connected to a dedicated faucet, offer instant filtration and space-saving design, making them ideal for kitchens, bathrooms, and other areas requiring constant clean water. Despite being more expensive and requiring plumbing modifications, under-the-sink filters are preferred for compact homes with minimal space. Prices range from $50 to $400, depending on the type, brand, and filtering capacity, with multi-stage filters offering enhanced water quality. Major players like iSpring and Waterdrop offer popular filtration systems known for their effectiveness and DIY installation options. Others, including Aquasana, Whirlpool, Woder, and APEC, also compete in this segment, focusing on features like low water wastage, easy maintenance, and extended lifespan to differentiate themselves. Innovations such as multi-stage filtration, reduced replacement costs, and enhanced purity levels continue to drive competition, with products like Home Master's HydroPerfection targeting specific water treatment needs, particularly for well water. Under-the-sink water filters offer a convenient and efficient solution for residential water filtration needs.

Recent Developments

• In 2022, 3M introduced its high-flow PFAS Cartridges and improved its AP Easy Connect Undersink System with auto-shutoff and leak detection features.
• In 2022, Culligan introduced the Aqua-Pure RO System with AutoFlush technology for extended membrane life.
• In 2022, Brita introduced the Smart Pitcher with a filter indicator and united with Water.org to deliver clean water access in developing countries.
• In 2022, EcoQuest expanded its range of biodegradable carbon filters from coconut shells.
• In 2023, Doulton introduced the PureMax Ceramic Filter, which has improved bacteria and virus removal abilities.
• In 2023, GE Appliances integrated Alexa voice control into its filtration systems for hands-free operation.
• In 2023, A.O. Smith developed the Home Connect RO Filtration System with remote monitoring and control abilities.

The Residential Water Filtration Parts & Accessories Market Report Encompasses Crucial Data, Including:   

CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the residential water filtration parts & accessories market over the specified time frame.          
Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the residential water filtration parts & accessories market growth from 2023 to 2029. This includes an analysis of various market influences.          
Precise estimation of market size: Accurate assessments of the residential water filtration parts & accessories market size and its contribution and focusing on key market segments.          
Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the residential water filtration parts & accessories market, helping businesses prepare for future market dynamics.          
Geographical market growth: The report covers the development of the residential water filtration parts & accessories market across different regions, including North America, Europe, APAC, Latin America, the Middle East, and Africa. This provides a comprehensive understanding of the market's global landscape.          
Competitive landscape analysis: A thorough examination of the market's competitive landscape is presented, including detailed information about companies operating in the residential water filtration parts & accessories market. This includes an overview of key players, their market share, strategies, and key developments.          
Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the residential water filtration parts & accessories market, providing a well-rounded view of the market dynamics.     

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Key Company Profiles

• 3M
• Culligan
• Pentair
• A.O. Smith
• APEC Water Systems
• BRITA
• Whirlpool Corporation
• Doulton
• SpringWell Water Filtration Systems
• Berkey Filters
• Toray Industries
• Watts
• GE Appliances
• BWT
• CINTROPUR
• Coway
• Rainsoft
• iSpring Water Systems
• GHP Group
• Express Water
• AquaHomeGroup
• Aquafilter
• SoftPro Water Systems
• Woder
• Waterdrop

Market Segmentation

Parts & Accessories

• Cartridge Filters
• Filter Housing
• Others

Cartridge Filters

• Sediment Filters
• Activated Carbon Filters
• RO Membranes
• Others

Application

• Whole House
• Under the Sink
• Countertop
• Pitchers & Dispenser
• Faucet
• Shower Mounted
• Inline

Distribution Channel

• Offline
• Online

Geography

• APAC
• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Thailand
• North America
• The US
• Canada
• Europe
• Germany
• The UK
• France
• Italy
• Spain
• Netherlands
• Poland
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia
• Turkey
• The UAE

Key Questions Answered in the Report:   
How big is the global residential water filtration parts & accessories market?
What is the growth rate of the global residential water filtration parts & accessories market?
Which region dominates the global residential water filtration parts & accessories market share?
What are the significant trends in the residential water filtration parts & accessories market?
Who are the key players in the global residential water filtration parts & accessories market?

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