Water Filter Market to close in on US$ 25 Bn by 2030, Supported by Increasing Demand for High-quality Drinking Water, Finds PERSISTENCE MARKET RESEARCH

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- The planet has been subjected to severe water scarcity in the past years. Uneven water distribution, exploitation of water resources, and inefficient irrigation techniques have caused devastation of water security, worldwide. Globally, per person internal renewable freshwater resources are meager, pressurizing the need for sustainable measures.  Such a grave situation has led to awareness among people, and increasing demand for chemical-free water. Additionally, consumer awareness regarding ill-effects of drinking impure water has heightened, and there has been subsequent inclination toward high-quality, chemical-free water.

On the back of these factors, global sales in the water filter market are anticipated to reach close to US$ 25 Bn in 2030. According to PERSISTENCE MARKET RESEARCH's report, the water filter market is estimated to register a healthy CAGR of over 8% during the forecast period of 2020-2030.

Key Takeaways from Global Water Filter Market Study

• The global water filter market represents a majorly consolidated competition landscape, where a majority of key players maintain their strategic focus on pricing, products, digital advertising, and remodelling the supply chain network.
• PERSISTENCE MARKET RESEARCH identifies Asia Pacific as the largest market for water filters in 2019, followed by Europe. With increasing per capita spending on FMCG and electronic appliances, globally, customers are more likely to spend on quality instead of quantity.
• Based on product, RO filters hold a significant value share in the global water filter market.
• By end use, the residential water filter category is growing at a considerable rate as compared to commercial water filters.
• The COVID-19 pandemic has hit the retail sector hard, including the water filter market. However, some of this impact has been cushioned due to increasing sales through e-Commerce platforms.

Get the Sample PDF of the Report:  https://www.persistencemarketresearch.com/ask-an-expert/32247

"Direct sales play a prime role in the water filter industry. While online retailing has, in the past, elbowed for space in the retailing zone, it is now conveniently pushing traditional or brick-and-mortar retail toward the sidelines. Online retail is already transforming the industry value and supply chain," says a PERSISTENCE MARKET RESEARCH analyst.

Get Full Access of Report: https://www.persistencemarketresearch.com/checkout/32247

Lack of Regulations Challenge the Market

Uncertainty of regulatory measures associated with water filters challenges the positive trajectory of the water filters market. Water filters are not regulated by any health commission or department, thereby leading to variable effectiveness of water filters from various manufacturers available in the industry. Testing is not mandatory, and there are no standards regarding the installation and use of water filters, creating uncertainty among consumers.

Competition in Water Filter Market

PERSISTENCE MARKET RESEARCH's report underlines groundbreaking insights into the competitive scenario of the water filter market, along with highlights of differential strategies used by manufacturers. Some of the key players identified across the value chain of the global water filter market include 3M, A.O. Smith Corporation, GE, Kent Supreme, Eureka Forbes, Aquasana, Brita, Crystal Clear, Culligan, Watts Premier, Everpure, HUL, Propure Technologies, Home Master, Express Water, and Panasonic, among others.

Know More about Water Filter Market Report Inclusions

Persistence Market Research published a new market report on the water filter market, covering global industry analysis of 2015-2019 and forecast for 2020–2030. This report on the water filter market provides compelling insights on the basis of product (RO filters, UV filters, carbon filtration), stages (1 stage, 3 stage, 5 stage, 7 stage), end use (residential, commercial), and sales channel (direct sales, convenience stores, hypermarkets/ supermarkets, specialty stores, online retailing, others), across all major regions. The report on the global water filter market also includes forecast factors and vital macroeconomic factors that are anticipated to boost growth of the global market. The report also addresses restraints that are projected to hinder growth of the water filter market, along with the latest trends and potential opportunities in the market.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/water-filter-market.asp

Browse End-to-end Market: Consumer Goods

Related Reports:

Water Sink Market: https://www.persistencemarketresearch.com/market-research/water-sink-market.asp

Water Truck Market: https://www.persistencemarketresearch.com/market-research/water-truck-market.asp

About Persistence Market Research 

Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rajendra Singh 
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: [email protected]
Visit Our Website: https://www.persistencemarketresearch.com 
Content Source:  https://www.persistencemarketresearch.com/mediarelease/water-filter-market.asp

SOURCE Persistence Market Research Pvt. Ltd.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED