Refrigerator Water Filters Market Size, Share, and Industry Analysis, By Type (Granular Activated Carbon (GAC) Filters and Carbon Block Filters), By Application (Residential and Commercial), Regional Forecast To 2031

Updated On: 08 April 2024

REFRIGERATOR WATER FILTERS MARKET REPORT OVERVIEW 

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The global refrigerator water filters market size was USD 1219.9 million in 2021 and is projected to touch USD 2130.4 million by 2031, exhibiting a CAGR of 5.7% during the projected period.

The global COVID-19 pandemic has been unprecedented and staggering, with the refrigerator water filters market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Refrigerator water filters remove the impurities and other particulates from the water that drives over the refrigerator’s water and ice machine. The device works efficiently when controlled and exchanged frequently. Most of the refrigerator filters have at least an NSF 42 warranty, which means, the elimination of chlorine from water. It aids in refining water’s flavor and odor. Most of the refrigerators use a slim, long filter container in the base of the fridge, near the grid.  The effectiveness of the refrigerator filter is detected by the total time the water is in interaction with the carbon.

Refrigerator water filters syndicate automatic and carbon filtration to arrest floating contaminations before they spread your glass. The growing demand for water and waste handling from industries such as chemical, drugs, and food beverages is estimated to drive the market progression considerably in the coming years.

COVID-19 Impact: Supply and Lockdown Limitations to Impede Market Advancement

The world is facing an exceptional social, economic, and health crisis due to the COVID-19 pandemic. The virus and active lockdowns have hit the retail sector, though for a passing period. Industrial unit closures have dropped manufacturing capacity, also stalling sales. In reflection, the online sales network has thrived in a big way, essentially in emerging countries. Moreover, since a water filter is an important small-scale home machine, demand and sales have bounded back post-lockdown.

LATEST TRENDS 

"Growing Urbanization to Stimulate Market Development "

The market has increased huge traction due to the altering routines of people recently in urban cities. The shortage of drinking water has obliged the national establishments to deliver the people with a sufficient source of the same. Taking advantage of this chance, corporations such as Eureka Forbes and Aqua guard have occurred as the market leaders in the internal sector. Growing distress over changed aquatic viruses such as E.Coli and cholera have improved the popularity and demand for such cleansers in the global market. For example, the German water filtration technologies firm, BRITA started its processes in India with the introduction of a new range of water purifiers specifically, MyPure Max in 2019. This product choice includes a collective technology of RO+UV and is anticipated to be retailed over direct sales.

REFRIGERATOR WATER FILTERS MARKET SEGMENTATION 

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• By Type

Based on type; the market is divided into Granular Activated Carbon (GAC) Filters and Carbon Block Filters.

• By Application

Based on the application; the market is divided into Residential and Commercial.

DRIVING FACTORS

"R&D Activities to Aid Market Expansion "

The increasing demand for new connections and retrofitting with the growing requirement for advanced features are expected to enhance the industry considerably. Furthermore, the technical expansion and the introduction of new products in the market are likely to propose substantial prospects for development to the prominent players in the coming years.

The price of the disposable water bottle can be a costly issue for everyday drivers, also it has a positive ecofriendly impression which is anticipated to broaden the necessity for accepting green approaches and boost the market. Furthermore, the growing approval of modular kitchen and home progress is estimated to boost the sales of refrigerator water filters during the projected period.

"Declining Water Quality to Foster Industry Progress "

The highest water associated task is contamination of its surface and earth water means from agricultural, industrial, and domestic bases. It has been mainly recognized that development influences the excellence of water, by and large in an adverse method. Considering the point that freshwater supply is desirable for practically all drinking and irrigation water demand, deteriorating water quality index of freshwater incomes is a foremost concern. As opposed to organic corruption, chemically-contaminated water does not display a direct outcome on human condition; though, it leads to addiction in the body and following ill effects. Therefore, customer inclination is growing concerning water filters within the domestic segment, ensuring consumption of water with a brilliant water quality index. This factor is sustaining the extension of the global water filter market.

RESTRAINING FACTORS

"High Cost to Hinder Market Advancement "

The high prices of these refrigerators are expected to obstruct the refrigerator water filters market growth in the coming years. Additionally, the lack of awareness in several nations is expected to hinder the market development during the forecast period. Furthermore, the occurrence of the pandemic delayed the manufacturing and supply chain, slackening down the market jump.

REFRIGERATOR WATER FILTERS MARKET REGIONAL INSIGHTS 

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"Increasing urbanization to Foster Market Advancement in North America "

North America dominates the refrigerator water filters market share. The increasing demand for advanced refrigerator water filters is expected to enhance the market size. Urbanized countries of the regions like the U.S., Canada are probable to embrace important prospects for development.

Europe is anticipated to have a sizable market share. Aspects driving the demand for local water purifiers in this region are rising cases of jaundice and marine infections, increasing awareness about hygiene among the urban people, and exponential progress of residential constructions in the region.

KEY INDUSTRY PLAYERS

"Notable Players in the Industry to Promote Market Expansion "

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanization, innovative techniques, making the most money, and using their products to have a large social impact.

List of Market Players Profiled 

• Whirlpool (U.S.)
• LG Electronics (South Korea)
• Samsung (South Korea)
• Electrolux (Sweden)
• Bosch (Germany)
• GE (U.S.)
• Kenmore (U.S.)
• Swift Green Filters (U.S.)
• KX Technologies (U.S.)
• Miele (Germany)
• 3M (U.S.)
• Ecopure Filter (U.S.)
• Ningbo Pureza Limited (China)

REPORT COVERAGE

The market growth study provides a thorough examination of the current market trends, driving variables, consumption patterns, key player methodologies, product involvement, and positioning strategy. The report's market dynamics and influencing forces provide customers with a fresh perspective when making plans for their goods and services, taking different socioeconomic factors into account.