Home Water Filtration Unit Market Growth, Size, Trends, Revenue, Demand and Future Outlook
Home Water Filtration Unit Market Size- By Application, By Product, By Sales- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: FMCG2406 | Pages: 1 - 233 | Formats*: |
| Category : Consumer & Retail | |||
Home Water Filtration Unit Market Introduction and Overview
According to SPER Market Research, the Global Home Water Filtration Unit Market is estimated to reach USD 6.41 billion by 2033 with a CAGR of 5.11%.
The report includes an in-depth analysis of the Global Home Water Filtration Unit Market, including market size and trends, product mix, applications, and supplier analysis. Water filters improve the quality of water by removing undesirable contaminants like germs, taste and odour, hardness, and sediment. We provide an extensive selection of filters and cartridges to address a wide range of water-related problems, from creating better-tasting drinking water to more specialised uses like brewing coffee and creating crystal clear ice. There are five different kinds of filters: reverse osmosis filters, ion exchange filters, mechanical filters, absorption filters, and sequestration filters. The home systems are modest and simple to set up beneath a washbasin or other small area. Depending on whether they are used on specialised equipment or in the kitchen, commercial water filtration systems vary slightly.
- November,2022: In order to establish "Culligan," a pioneer in sustainable and clean drinking water solutions, Culligan International started a merger with Waterlogic Group Holding.
- July 2022: Pentair PLC said that the purchase of the Manitowoc Ice from Welbilt, Inc. has been finalised. Its company providing commercial water solutions would benefit from the relocation.
Market Opportunities and Challenges
The market for home filters is seeing an increase in demand due to several causes. Manufacturers are concentrating on cutting-edge technology in order to release more sophisticated goods. For example, the Active Copper Zinc Booster Cartridge, a novel technology from Eureka Forbes, adds copper and zinc ions to water to make it clean and filled with vital minerals. It is expected that these variables would benefit the sector. Product penetration is comparatively higher in industrialised nations like the United States and Canada. Because of the increasing levels of chemical and microbiological pollution in surface water sources, household water filtration units are considered essential, particularly in metropolitan areas.
The filters used in water purification must be changed on schedule in order to preserve the quality of the water. The product type and technology-based purification systems determine the replacement criterion for the corresponding filters. Point-of-entry filters often need to be replaced every five to six years, whereas point-of-use filters need to be changed every six to twelve months. As a result, the water filtration system's overall maintenance costs significantly rise. Thus, a major obstacle to the expansion of the water purifier market is the high cost of filters.
Market Competitive Landscape
There are several major competitors in the Home Water Filtration Unit industry that are vying for a substantial portion of the market. To increase their global customer base, these businesses used development techniques like partnerships, acquisitions, product launches, and manufacturing growth. The major players in the Global Home Water Filtration Unit Market include: 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Product, By Sales |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | 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 |
COVID-19 Impact on Global Home Water Filtration Unit Market
Even though the water filtration sector is one of the fundamental services, the COVID-19 supply chain disruption has had a major negative influence on the market's expansion worldwide. Production halted temporarily and manufacturing schedules were rearranged as a result of ongoing or partial lockdowns in major industrial nations. Pentair PLC, a prominent provider of water purification systems, had a manufacturing halt and operating suspension as a result of governance's "shelter in place" instructions.
Key Target Audience:
- Families with Children
- Homeowners
- Health-Conscious Consumers
- Environmentalists
- Well Water Users
- Urban Dwellers
- People with Sensitivities
- High-income Households
Our in-depth analysis of the Home Water Filtration Unit Market includes the following segments:
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| By Product: |
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Key Topics Covered in the Report:
- Global Home Water Filtration Unit Market Size (FY’2023-FY’2033)
- Overview of Global Home Water Filtration Unit Market
- Segmentation of Global Home Water Filtration Unit Market By Application (Commercial, Residential)
- Segmentation of Global Home Water Filtration Unit Market By Product (Gravity-based, RO-based, UV-based)
- Segmentation of Global Home Water Filtration Unit Market By Sales (Direct Sales, Indirect Sales)
- Statistical Snap of Global Home Water Filtration Unit Market
- Expansion Analysis of Global Home Water Filtration Unit Market
- Problems and Obstacles in Global Home Water Filtration Unit Market
- Competitive Landscape in the Global Home Water Filtration Unit Market
- Impact of COVID-19 and Demonetization on Global Home Water Filtration Unit Market
- Details on Current Investment in Global Home Water Filtration Unit Market
- Competitive Analysis of Global Home Water Filtration Unit Market
- Prominent Players in the Global Home Water Filtration Unit Market
- SWOT Analysis of Global Home Water Filtration Unit Market
- Global Home Water Filtration Unit Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Home Water Filtration Unit Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Home Water Filtration Unit Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Home Water Filtration Unit Market
7. Global Home Water Filtration Unit Market, By Application (USD Million)
7.1. Global Home Water Filtration Unit Market Value Share and Forecast, By Application, 2023-20337.2. Commercial7.3. Residential
8. Global Home Water Filtration Unit Market, By Product (USD Million)
8.1. Global Home Water Filtration Unit Market Value Share and Forecast, By Product, 2023-20338.2. Gravity-based8.3. RO- based8.4. UV-based
9. Global Home Water Filtration Unit Market, By Sales (USD Million)
9.1. Global Home Water Filtration Unit Market Value Share and Forecast, By Sales, 2023-20339.2. Direct Sales9.3. Indirect Sales
10. Global Home Water Filtration Unit Market Forecast, 2019-2033 (USD Million)
10.1. Global Home Water Filtration Unit Market Size and Market Share
11. Global Home Water Filtration Unit Market, By Application 2019-2033 (USD Million)
11.1. Global Home Water Filtration Unit Market Size and Market Share By Application (2019-2026)11.2. Global Home Water Filtration Unit Market Size and Market Share By Application (2027-2033)
12. Global Home Water Filtration Unit Market, By Product, 2019-2033 (USD Million)
12.1. Global Home Water Filtration Unit Market Size and Market Share By Product (2019-2026)12.2. Global Home Water Filtration Unit Market Size and Market Share By Product (2027-2033)
13. Global Home Water Filtration Unit Market, By Sales, 2019-2033 (USD Million)
13.1. Global Home Water Filtration Unit Market Size and Market Share By Sales (2019-2026)13.2. Global Home Water Filtration Unit Market Size and Market Share By Sales (2027-2033)
14. Global Home Water Filtration Unit Market, By Region, 2019-2033 (USD Million)
14.2. Global Home Water Filtration Unit Market Size and Market Share By Region (2027-2033)14.1. Global Home Water Filtration Unit Market Size and Market Share By Region (2019-2026)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Amway Corp.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Aquasana15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Brita Gmbh15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Eureka Forbes Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. GE Water & Process Technologies, Inc.15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. HaloSource, Inc.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Kent RO System Ltd.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. LG Electronics15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Panasonic15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Tata Chemicals15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Home Water Filtration Unit Market is projected to reach USD 6.41 Billion by 2033, growing at a CAGR of 5.11% during the forecast period.
Home Water Filtration Unit Market grew in market size from 2023. The Market is expected to reach USD 6.41 Billion by 2033, at a CAGR of 5.11% during the forecast period.
Home Water Filtration Unit Market CAGR of 5.11% during the forecast period.
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Home Water Filtration Unit Market size is USD 6.41 Billion from 2023 to 2033.
Home Water Filtration Unit Market Segment is Covered By Application, By Product, By Sales
The North America region is anticipated to have the highest market share in Home Water Filtration Unit Market.
The key players in the market include Companies Covered 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
The market for home filters is seeing an increase in demand due to several causes. Manufacturers are concentrating on cutting-edge technology in order to release more sophisticated goods.
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