Water Filter Cartridge Market to Surpass 24.72 billion by 2030 Drives Due to Growing Awareness among Individuals Regarding the Hazards
SkyQuest projects that the water filter cartridge market will attain a value of USD 24.72 billion by 2030, with a CAGR of 7.1% over the forecast period (2023-2030). The water filter cartridge market encompasses the sector that produces devices to purify water by eliminating harmful substances, pathogens, microorganisms, and dissolved solids, rendering it safe for consumption.
Westford USA, Oct. 18, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, Nan Yang Technology College in Singapore has recently pioneered a multifunctional water filtration membrane. This innovative water filter technology represents a significant advancement, replacing conventional polymer-based water filtration membranes with state-of-the-art titanium dioxide technology in the water filter cartridge market.
Browse in-depth TOC on the “Water Filter Cartridge Market”
- Pages – 260
- Tables – 64
- Figures – 75
The global water filter cartridge market is witnessing a remarkable expansion, driven by the growing awareness among individuals regarding the hazards of consuming water contaminated with various pollutants. As industrialization continues at a rapid pace and water quality experiences a decline, concerns about drinking water safety have escalated.
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Prominent Players in Water Filter Cartridge Market
- Eaton Corporation
- 3M Purification, Inc.
- Culligan International Company
- Amway Corporation
- Pentair plc
- Brita GmbH
- Dow Chemical Company
- Honeywell International Inc.
- Unilever PLC
- LG Electronics, Inc.
- Best Water Technology AG (BWT AG)
- Toray Industries Inc.
- Mitsubishi Chemical Corporation
- O. Smith Corporation
- General Electric Company
- Clack Corporation
- Marmon Water (Berkshire Hathaway Company)
- Aqua Pure Corporation
- Katadyn Group
- Filtration Group Corporation
Membrane Filter Cartridges Segment is Expected to Grow the Market Due to Effectively Capture and Retain Microparticles
Membrane filter cartridges represent a vital component of water filtration systems constructed from micro-porous films with specific pore size ratings in the water filter cartridge market. These cartridges are meticulously designed with multiple layers of membranes to capture and retain microparticles present in water effectively.
The market in North America holds a pivotal and commanding position within the water filter cartridge market due to its status as one of the globe’s economically advanced regions. This prominence is underpinned by the region’s robust demand for pristine and secure drinking water, fueling a pronounced uptake of water filter cartridges.
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Industrial Depth Filter Cartridges Segment is Expected to Dominate the Market Due to the Escalating Adoption of Disposable Filters
Several key factors in the water filter cartridge market primarily propel the expansion of the industrial depth filter cartridges segment. Foremost among these is the escalating adoption of disposable filters, stemming from their advantageous attributes such as user-friendly operation, economical media and filter costs, and rapid filtration rates.
Regional markets in the Asia Pacific dominate the water filter cartridge market, commanding a substantial market share of 37% in the global landscape. This commanding position can be attributed to a confluence of factors, chief among them being the escalating awareness concerning waterborne diseases, rapid urbanization, and burgeoning industrialization.
A comprehensive analysis of the major players in the water filter cartridge market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
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Key Developments in the Water Filter Cartridge Market
- In 2022, A. O. Smith Corporation, a prominent player in the water technology sector, made headlines by acquiring Atlantic Filter Corporation, a well-established water treatment company headquartered in Florida. This strategic move underlines A. O. Smith Corporation’s commitment to expanding its portfolio and strengthening its foothold in the water industry.
- In 2022, RapidPure, a notable name in water treatment innovation, introduced an exciting new collection of water treatment solutions. Comprising five cutting-edge products, this collection is designed to revolutionize the consumer experience by offering faster, more convenient, and highly efficient methods for filtering and purifying drinking water. These initiatives collectively underscore the industry’s dedication to advancing technology and providing consumers with enhanced access to clean and safe drinking water options.
Key Questions Answered in Water Filter Cartridge Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the market, and how these differences shape the market’s future growth?
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