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[168 Pages Report] The global 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 the oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end use industries is expected to drive the water filters market.

By media type, the single & dual phase segment is expected to be the largest contributor to the water filters market during the forecast period.

By media type, the single & dual phase segment is projected to dominate the water filters market during the forecast period while the multimedia segment is expected to register the fastest growth. Single & dual phase media have multiple uses; the growth of this segment is mainly attributed to its increasing demand in the food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas industries. The increase in demand for water & wastewater treatment & filtration is further expected to drive the demand for water filters globally.

Asia Pacific is expected to be the largest market during the forecast period.

The growth of the market in Asia Pacific is mainly driven by the increase in demand for water & wastewater treatment & filtration and consumption of water by major end-use industries, including food & beverages, chemicals & petrochemicals, pharmaceuticals, and oil & gas. These industries are witnessing growth owing to the increasing per capita expenditure and growing urbanization, which are further expected to create a demand for water filters in the region.

Key Market Players

Companies such as Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), EvoQua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK), and Lydall Industrial Filtration (US) are the leading players in the water filters market, globally. Diversified product portfolio and established distribution channel are factors responsible for strengthening the position of these companies in the water filters market. These companies have also been adopting various organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and expansion, to enhance their position in the water filters market.

Recent DevelopmentsIn October 2018, Suez Water Treatment & Solutions launched a new product, ZeeWeed Immersed Ultrafiltration, used in the pre-filtration of brackish water and seawater.

In September 2018, EvoQua acquired Groupe IsH2OTop to expand its geographical reach in Canada.

Key Questions addressed by the reportWhat are the future revenue pockets in the water filters market?

Which key developments are expected to have a long-term impact on the water filters market?

Which products are expected to cannibalize existing markets?

How is the current regulatory framework expected to impact the market?

What will be the future product mix of the water filters market?

What are the prime strategies of leaders in the water filters market?
 

 Article from Water Filters Market: Market-Reports