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Government policies, increased waterborne diseases, millennial awareness, and the growing environmental impact of bottled water are all likely to drive the market for water purification systems forward.
FREMONT, CA: During the period 2022-2027, the revenue of the water filters market is predicted to rise at a CAGR of over 6 percent. The participation of major companies like SUEZ, Pall Corporation, Pentair, Veolia, and DuPont is expected to enhance sales of water filters that use activated carbon and ion exchange filters with vitamin E and C enrichment. Government policies, increased waterborne diseases, millennial awareness, and the growing environmental impact of bottled water are all likely to drive the market for water purification systems forward.
The largest market for water filters in Europe was Germany, followed by the United Kingdom. While Italy and Spain are considered attractive markets, the scope for filters in Scandinavian nations is comparably limited due to the good quality and safe tap water, which boosts investor confidence in the industry. Improving the taste and odor of tap water for drinking has been a primary goal of market players, as drinking is the most common end-use in the residential sector.
Filter cartridges are used to catch pollutants and solid waste in a variety of industrial applications. Furthermore, cartridge filters remove submicron particles. The cartridge segment is predicted to generate USD 5.38 billion in sales by 2027, rising at a CAGR of 6.66 percent over that time. When a high filtering rate is required, dual filters enable effective particle removal. Normal water contains contaminants that can be detrimental to humans, animals, and the environment, hence wastewater treatment plants are important. As a result, the best remedy for contaminated water is to use dual filters. As a result, technology is growing at a rapid pace in the market.
In 2021, APAC was the fastest-growing market for water filters, with China leading the pack. Strong economic expansion and burgeoning middle-class customers in India and China are driving growth. The APAC region, which is predicted to account for more than 70 percent of the world's middle-class population by 2030, has a significant positive impact on market growth by driving demand for water filters.
