Worldswide Water Filter Market Growth

NOIDA, India - Feb. 23, 2021 - PRLog -- The Global Water Filter Market is segmented based on Product Type, End-user and Sales Channel.

"RO and Commercial End-user Segments occupy the largest share of the Water Filter Market."

Based on Product Type, the water filters are divided into Reverse Osmosis (RO), Ultraviolet, Gravity, Sediment, Water Softener and Others. Among these, Reverse Osmosis water filters are widely adopted across the globe due to their performance quality, low energy consumption and frequent technological advancement in water purifiers. Its demand is likely to increase due to its efficiency and cost-effectiveness during the forthcoming period.

In terms of End-user, the Global Water Filter Market is segmented into the Residential, Commercial and Industrial sector. With continuing urbanization and industrialization around the globe, the demand for water treatment is expected to increase in different industries as well as commercial activities such as restaurants, cafeterias, commercial complexes, tea shops, fast food outlets, etc., at a significant rate during the forecast period. Besides, increasing government regulations on effluent discharge, developments in water purification technologies aimed at improving the quality of drinking water, and rising water treatment & recycling levels are also expected to improve the demand for commercial water filters amid segmentation of the industry.

"Rising Demand for water purifiers, coupled with increasing disposable income creates the opportunity for market players."

Increasing buying power due to the rise in disposable income on the part of consumers contributes to better living conditions, which further leads to more demand for purifiers. Furthermore, demand for water purification systems in developing countries is fueled by the increased requirement of safe water by municipal utility sector and an overall rise in the number of water recycling treatments. Many of the developing nations, such as Brazil, China and India, have witnessed a rise in disposable income due to economic development, skills enhancement and increased jobs in service-centric industries. It has raised the demand for water purification systems, leading to the growth and better prospects of the market.

Online sales channel witnessing lucrative growth in the global water filter market

In respect of Sales Channel, the Water Filter market is segmented into Distributor, Direct, Retail, Online and Wholesale sales channels. Throughout the forecast period, the online supplier channel for sales is expected to expand at a substantial scale due to rapid urbanization and rising internet penetration across the world.
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