Home Water Filtration Systems Market Size, Share, Growth, and Industry Growth by Type (RO Filtration, UV Filtration, Carbon Filtration, and Other) By Application (Family, Office, School, and Public Space) Regional Forecast to 2028

REPORT OVERVIEW

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The global home water filtration systems market size was USD 10710 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with home water filtration systems experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 20280 million by 2028, exhibiting a CAGR of 9.5% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Home water filtration systems are used to remove or reduce the concentration of particulate matter, such as algae, parasites, suspended particles, bacteria, and viruses.

The factor estimated to fuel market growth is the increased need for safe and hygienic water. Growing consumer preference for a long-term solution such as water purifiers and increased awareness about the product's benefits are anticipated to surge market growth. Rapid awareness about the ill effects of contaminated surface water and increased popularity and demand for water filtration systems are estimated to propel market growth. Installation of water filtration systems offers safe drinking water, easy-to-operate, and long-term solution. Further, buying water every day is not a feasible choice where water purification systems are portable & cost-effective. These factors are anticipated to accelerate market growth throughout the forecast period. On the contrary, high maintenance cost and the requirement for quarterly maintenance to ensure safe drinking water are projected to limit market growth in the upcoming period.

COVID-19 Impact: Halt in Production Activities and Lower Demand for the Product to Limit Market Growth

Lower request for installation of the system in the residential and commercial areas to obstruct market growth. Continuous lockdown or partial lockdown coupled with shutdown of manufacturing units to hamper the market growth. Halt in production activities slow down market growth. Difficulties among distribution and supply and chain disruption limit market growth.

LATEST TRENDS

"Several Benefits Associated with Water Purification to Push Market Growth"

The water purifiers are used to remove bacteria, hazardous viruses, and other impurities. Installing the system in houses, office, and public places offers safe drinking water. Also, it helps to reduce the probability of 33% of gastrointestinal illnesses by removing giardia and cryptosporidium. These advantages of the system are anticipated to accelerate market growth. Further, drinking clean water offers improved digestive systems and boost energy level. Drinking water helps the body to keep hydrated and fight against viruses. Water is also used for cooking and other purposes. The growing need for water for survival and the adoption of the system provide a better quality of water by removing dirt and impurities. These factors are anticipated to surge home water filtration systems market growth in the upcoming years.

SEGMENTATION

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• By Type

Based on type, the market is divided into RO filtration, UV filtration, carbon filtration, and others.

RO filtration is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into family, office, school, and public space.

Office is expected to be the top part of application segmentation.

DRIVING FACTORS

"Innovative and Intelligent Water Purification System to Fuel Market Growth "

Increasing demand for innovative and intelligent water purification systems is anticipated to propel market growth. These systems are easy to operate and have several features of touch and motion sensors. The system has an inbuilt feature of making ice cubes and others. Increased demand for several filtration processes and growing demand for copper in water. Increased R&D activities to develop innovative water purification systems. These factors are anticipated to accelerate market growth in the forthcoming years. Increased standard of living and growing spending capacity of the consumer. In addition, the massive adoption of technology-enabled devices is projected to push market demand.

"High Demand for Safe and Clean Water to Push Market Progress"

Increased demand for safe and clean water is expected to surge market progress. Increased concern to fight against waterborne diseases such as cholera and E.Coli is anticipated to fuel market growth. Also, increased awareness about the ill effects of contaminated surfaces coupled with increased adoption of water filtration technologies is estimated to fuel market growth. Increased water pollution and rapid urbanization. These factors are major drivers to present lucrative opportunities for the market in the upcoming period. Installation of water filtration systems offers safe drinking water, easy to operate, and long-term solutions. Further, buying water every day is not a feasible choice where water purification systems are portable & cost-effective. Increased demand for sanitation among the urban population is predicted to expand home water filtration systems market growth.

RESTRAINING FACTORS

"High Maintenance Cost and Regular Maintenance to Limit Market Opportunities "

High maintenance cost and requirement for quarterly maintenance to ensure safe drinking water is projected to limit market growth in the upcoming years.

REGIONAL INSIGHTS

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"High Preferences for Safe Water in the Asia Pacific to Drive Market Share "

Asia Pacific is anticipated to account for the highest home water filtration systems market share due to increased demand for safe water. Growing consumer preference for long-term solution such as water purifiers and increased awareness about the benefits of the product are anticipated to surge market growth. Increased awareness about the ill effects of contaminated surface water coupled with increased popularity and demand for water filtration systems are estimated to propel market growth.

Europe is expected to account for the second-largest market growth due to the exponential growth of residential construction. Increased cases of waterborne infections in the region are predicted to surge market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Pentair (U.S.)
• 3M (U.S.)
• Midea (China)
• Qinyuan (China)
• Doulton (U.K.)
• GE (U.S.)
• Waterlogic (U.K.)
• Hanston (U.K.)
• Culligan (U.S.)
• Stevoor 
• AQUAPHOR (U.S.)
• Haier (China)
• TORAY (Japan)
• Royalstar (U.S.)
• BWT (Austria)
• GREE (China)
• Whirlpool (U.S.)
• Panasonic (Japan)
• Ecowater (U.S.)
• Quanlai (China)
• Joyoung (China)
• Honeywell (Switzerland)
• Amway eSpring (U.S.)
• LG Electronics (South Korea)
• O. Smith (U.S.)
• BRITA (U.S.)
• Watts (U.S.)
• Ecosoft Water Systems (Australia)
• Bevi (U.S.)
• APEX Water Filters (U.S.)
• Kinetico Water Systems (U.S.)
• Atlas Filtri (Italy)
• LifeSource Water Systems (U.S.)
• Water Filter Company (U.S.)
• Spring Well Water Filter Systems (U.S.)
• Ebac (U.K.)
• W.F. (U.S.)
• APEC Water Systems (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.