Media Based Water Filters Market Report Overview
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The global media based water filters market size was USD 13.364 billion in 2021 and is expected to reach USD 19.527 billion in 2027, exhibiting a CAGR of 6.52% during the forecast period.
The purpose of a water filter is to remove impurities by lowering contamination of water using a fine physical barrier, a chemical process, or a biological process. A media filter is a type of filter that uses a bed of sand, peat, shredded tires, foam, crushed glass, geo-textile fabric, anthracite, crushed granite, or other material to filter water for drinking, swimming pools, aquaculture, irrigation, stormwater management, oil & gas operations, and other applications.
The increasing awareness about the harmful effects of consuming contaminated water is a factor that is driving the growth of this market. Thus, the market is expected to grow at a fast pace with a significant CAGR over the forecast period. The product, based on type is bifurcated such as single media filters, dual media filters, and multimedia filters. The highest demand is expected to come from home use which is anticipated to expand the market in the coming years.
COVID-19 Impact: Pure Drinking Water Concern Generates Opportunities for the Market
The global COVID-19 pandemic has been unprecedented and staggering, with the media based water filters market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The limitations of the COVID-19 pandemic have obstructed several business industries including the healthcare, chemicals, and manufacturing businesses. However, the demand for pure water is growing rapidly due to water pollution. Consequently, the media based water filters market is growing steadily even during the global healthcare crisis. Therefore, the market is projected to grow potentially throughout the projection period with a substantial growth rate.
Latest Trend
"Scarcity of Pure Drinking Water Leads the Demand for Water Filters and Creates Opportunities for the Market"
Water pollution has become a serious problem in this era, with traditional water filters being inefficient in providing clean water. Also, the media based water filter market is witnessing steady growth in the present scenario. With the rising pollution level, there has been an increased demand for water filters and reverse osmosis systems for removing harmful substances such as fluoride, nitrate, arsenic, lead, and other contaminants from drinking water. Therefore, to fulfill scarcity of drinking water, the market is likely to gain opportunities by these factors in the upcoming years.
Media Based Water Filters Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into SingleMedia Filters, DualMedia Filters, and MultiMedia Filters.
- By Application Analysis
The market can be divided based on application into Commercial Use and Home Use
Driving Factors
"Protection from Pathogenic Bacteria and Arsenic is Driving Market Growth"
High-impact rendering factors and drivers are helping to expand the media based water filters market growth. These water filters provide protection against hazardous substances from the tap water and remove harmful contaminants and impurities from water. In addition, depending on the filter media, a good water filter will be able to target a broad range of contaminants from chlorine to. These factors are expected to boost the growth of the market.
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The There are many factors that have been driving this market such as increasing dirtiness of water, growing population of aging people who require more nutrition and increased awareness about health hazards associated with contaminated drinking water. Along with this, the scarcity of fresh drinking in Asian countries propel the demand for media based filters market growth.
Restraining Factors
"Non-Availability of Media Based Filters in Emerging Nations May Hinder the Evolution of the Market"
Along with driving factors, the market has some constrains which can restrict the market growth such as the lack of availability of these kind of filters in developing regions and slow adoption rates are anticipated to hinder its growth. On the other hand, the high cost of installation and maintenance of these filter can be responsible to impede the growth of this market.
Media Based Water Filters Market Regional Insights
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"North America Dominates Market due to Presence of the Key Players in the Region "
In terms of regional insights based on revenue, North America dominates the media based water filter market due to presence of key players in the region. Also, the majority of the media based water filter market revenue come from the region. Furthermore substantial growth rate due to rising concern for water pollution, shortage of pure drinking water, and increasing demand for media based water filters in the region.
Key Industry Players
"Key Players Improve their Competitive Strategies to Lead the Market Based on their Market Revenue"
Numerous eminent key companies are identified by their succeeding competitive tactics, geographical expansion of the market, strategic partnership, acquisition, and mergers among other competitors in the market. As the market is moderately competitive and trend of ever green traditional filter method combining with the technology are using by the top companies. Key players are focusing on the growth strategy to stay ahead in the market competition. Some key players such as Carestream Health, Samsung Medison, Hitachi Medical Corporation, Shimadzu Corporation, Fujifilm Holdings Corporation, Medtronic, Fonar Corporation, HOYA Group PENTAX, GE Healthcare, Toshiba Corporation, Siemens Healthcare, Hologic, Inc., and Philips Healthcare are the players which are anticipated to own majority of the media based water filters market shares during the projection period.
List of Market Players Profiled
- Carestream Health
- Samsung Medison
- Hitachi Medical Corporation
- Shimadzu Corporation
- Fujifilm Holdings Corporation
- Medtronic
- Fonar Corporation
- HOYA Group PENTAX
- GE Healthcare
- Toshiba Corporation
- Siemens Healthcare
- Hologic, Inc.
- Philips Healthcare
Report Coverage
This report describes the media based water filters market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner are also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 13.364 Billion in 2021 |
Market Size Value By |
US$ 19.527 Billion by 2027 |
Growth Rate |
CAGR of 6.52% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the global media based water filters market expected to touch by 2027?
The global media based water filters market is expected to touch USD 19.527 billion by 2027.
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What CAGR is the media based water filters market expected to exhibit during 2021-2027?
The media based water filters market is expected to exhibit a CAGR of 6.52% over 2021-2027.
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Which are the driving factors of the media based water filters market?
Growing demand for media based filters due to scarcity of pure drinking water, and increasing water pollution concern all over the world are the driving factors of the media based water filters market.
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Which are the top companies operating in the media based water filters market?
Carestream Health, Samsung Medison, Hitachi Medical Corporation, Shimadzu Corporation, Fujifilm Holdings Corporation, Medtronic, Fonar Corporation, HOYA Group PENTAX, GE Healthcare, Toshiba Corporation, Siemens Healthcare, Hologic, Inc., and Philips Healthcare are top companies operating in the media based water filters market.
