USD 12.45 billion
Report ID: SQSG15E2008 | Region: Global | Published Date: April, 2023 | Pages: 260 | Tables: 64 | Figures: 75
Water Filter Cartridges Market size was valued at USD 12.45 billion in 2021 and is poised to grow from USD 13.33 billion in 2022 to USD 24.72 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).
The water filter cartridge is a piece of tubular filtration equipment that can be use across various industries for an array of filtration requirements. A water filter cartridge is encasing within a housing or casing and used to remove unwanted particles, pollutants, and chemicals from water. It is used in municipal as well as industrial applications to get clean, ionized, smell, and gas-free water. The market for water filter cartridges is expanding as people become more aware of the problems brought on by consuming contaminated water and the need of using water filters. Concerns have been raised about the rapid industrialisation and declining water quality. Cheap water filters are readily accessible. Additionally, this has led to an increase of water filter cartridges market on a global scale.
US Water Filter Cartridges Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.45 billion
Industrial Depth Filter Cartridges
Industrial Depth Filter Cartridges
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The Global Water Filter Cartridges Market is segmented based on the Type, Application and region. Based on the Type, it is segmented as Pleated Depth Filter Cartridges, Industrial Depth Filter Cartridges, Membrane Filter Cartridges, Wrapped Depth Filter Cartridges, and Specialty Filter Cartridges. Based On Application, it is segmented as Municipal, and Industrial. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Water Filter Cartridges Market Analysis by Type
Based on the Type, Membrane Filter Cartridges accounted for a maximum market share followed by Industrial Depth Filter Cartridges segments. Membrane filter cartridges are made up of micro-porous films with definite pore size rating. These cartridges are composed of multiple layers of membranes to retain microparticles. They used in pre-treatment processes such as filtration and in post-treatment processes such as for removing granules at water treatment and wastewater treatments. Demand for these filter cartridges is due to increasing usage in aerated drinks, water treatment, and pharmaceutical industries. The growth of this Industrial Depth Filter Cartridges is majorly driven by factors such as the growing adoption of disposable filters and benefits such as ease of use and low cost of media and filters, high filtration rate. Additionally, these filter cartridges have high dirt-holding capacity and long service life, which ultimately helps in reducing labor costs by decreasing the filter change-out frequency.
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Asia Pacific region is dominating water filter cartridges market with the market share of 37% of the total global market share. Due to rising awareness of the waterborne disease, urbanization, and industrialization, which demand pure filtered water, are the key reasons for the growth of this market. China is the leader in the water filter cartridges market in the Asia Pacific region. Having the world largest population as well as the manufacturing hub makes China dominating the region. With many global and domestic manufacturers, having their plants operating in the country makes market competitive and fragmented. India is the second-largest water consumer in the world. The country needs around 740 billion cubic meters of water per year to serve its population. This creates a huge demand for industrial and municipal demand of water filter cartridges for filtration unit in country. The Indian government have implemented various mega projects for water filtration, as the requirement for clean water for thermal power plants and industrial usage is increasing year on year which is booming water filter cartridge market.
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Water Filter Cartridges Market Driver
Water Filter Cartridges Market Restraint
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Several water purification products and manufacturing technologies have undergone extensive research and development by leading industry participants. The major tactic employed by the market leaders for their success is a wide product portfolio, complemented by superior operational efficiency & new technologies. Leading businesses use new product development and the acquisition of small-scale manufacturers or suppliers as significant strategy to expand their regional footprint and keep up with the fiercer competition.
Water Filter Cartridges Market Top Player's Company Profiles
Water Filter Cartridges Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Water Filter Cartridges Market Analysis, Global Water filter cartridges are expected to show promising growth rate of over 7.20% from 2022 to 2028. Membrane Filter Cartridges segment accounted for largest share in the global market owing to its retention rate, shelf life, availability, high durability, and other enhancing properties. This segment is expected to show fastest growth rate owing to increasing use of water filter cartridges in industrial applications. Asia-Pacific segment accounted for largest regional share owing to increasing disposable income as well as rate of industrialization.
|Market size value in 2021||USD 12.45 billion|
|Market size value in 2030||USD 13.33 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Water Filter Cartridges Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Water Filter Cartridges Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Water Filter Cartridges Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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