A $16.2 Billion Global Opportunity for Water Filters by 2026 – New Research from StrategyR
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Water Filters – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1147
Companies: 34 – Players covered include A.O. Smith Corporation; Atlas Filtri Engineering; Axeon Water Technologies; Culligan Water; DOW Water & Process Solutions; Eaton Corporation; Eclipse Magnetics; Evoqua Water Technologies; Filtra Systems; Lydall Industrial Filtration and Others.
Coverage: All major geographies and key segments
Segments: Media Type (Single & Dual Phase, Multimedia, Cartridge, Other Media Types); End-Use (Industrial, Municipal)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Water Filters Market to Reach $16.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Water Filters estimated at US$11.9 Billion in the year 2020, is projected to reach a revised size of US$16.2 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Single & Dual Phase, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$6.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multimedia segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion in 2021, While China is Forecast to Reach $3.3 Billion by 2026
The Water Filters market in the U.S. is estimated at US$3.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
Cartridge Segment to Reach US$3.1 Billion by the year 2026
In the global Cartridge segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.
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SOURCE Global Industry Analysts, Inc.
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