Home Water Filtration Unit Market Share, Revenue, Trends, Scope, Key Players, CAGR Status, Business Challenges and Growth Opportunities Till 2033


Home Water Filtration Unit Market Share, Revenue, Trends, Scope, Key Players, CAGR Status, Business Challenges and Growth Opportunities Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Jan-2024
 Author: SPER Analyst

Global Home Water Filtration Unit Market is projected to be worth USD 6.41 billion by 2033 and is anticipated to surge at a CAGR of 5.11%.

Water filters enhance the quality of water by eliminating unwanted impurities such as bacteria, taste and odour, sediment, and hardness. We supply a large assortment of filters and cartridges to solve a variety of water-related issues, from improving the taste of drinking water to more specialist applications like making coffee and ice that is crystal clear. Ion exchange filters, mechanical filters, sequestration filters, absorption filters, and reverse osmosis filters are the five types of filters. The home systems are compact and easy to install under a sink or similar small space. Commercial water filtration systems differ slightly depending on whether they are used in the kitchen or on specialist equipment.

Global Home Water Filtration Unit Market Driving Factors and Challenges
There are a number of reasons why the demand for home filters is rising. Producers are focusing on state-of-the-art technologies to introduce more advanced products. For instance, water is made clean and mineral-rich with the addition of copper and zinc ions by Eureka Forbes' innovative Active Copper Zinc Booster Cartridge. It is anticipated that these factors would help the industry. Industrialised nations such as the United States and Canada have relatively greater product penetration rates. Home water filtration systems are seen to be crucial, especially in urban areas, due to the rising levels of chemical and microbial contamination in surface water sources.

To maintain the water's purity, the filters used in water purification must be replaced on a regular basis. The replacement criteria for the appropriate filters are determined by the kind of product and technology-based purifying systems. Point-of-use filters should be changed every six to twelve months, whereas point-of-entry filters often need to be changed every five to six years. The entire maintenance expenses of the water filtration system thus increase dramatically. Thus, the high cost of filters is a significant barrier to the market's growth for water purifiers.

Impact of COVID-19 on Global Home Water Filtration Unit Market
Despite being one of the core services, the COVID-19 supply chain disruption has had a significant detrimental impact on the global market's expansion for the water filtration industry. Major industrialised nations had partial or continuous lockdowns, which resulted in a temporary halt to production and rearranging of manufacturing schedules. Governance's "shelter in place" directives caused Pentair PLC, a well-known manufacturer of water purification systems, to suspend operations and stop production.

Home Water Filtration Unit Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amway Corp., Aquasana, Brita Gmbh, Eureka Forbes Ltd., GE Water & Process Technologies, Inc., HaloSource, Inc., Kent RO System Ltd., LG Electronics, Panasonic, Tata Chemicalsand others. 

Global Home Water Filtration Unit Market Segmentation:

By Application: Based on the Application, Global Home Water Filtration Unit Market is segmented as; Commercial, Residential 

By Product: Based on the Product, Global Home Water Filtration Unit Market is segmented as; Gravity-based, RO-based, UV-based

By Sales: Based on the Sales, Global Home Water Filtration Unit Market is segmented as; Direct Sales, Indirect Sales 

By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe. 

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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