The Latest Water Filtration Industry Statistics Explained
As of 2020, the global water purifier market size was valued at USD 31.10 billion.
The statistic stating that the global water purifier market size was valued at USD 31.10 billion as of 2020 indicates the total monetary value of the market for water purification products and services worldwide for that year. This figure represents the total sales and revenue generated within the industry and reflects the significant demand for water purifiers due to concerns over water quality and the growing awareness of the importance of clean and safe drinking water. The market size serves as a key indicator of the scale and economic importance of the water purifier industry, and the increasing value suggests a strong market potential and growth opportunities for companies operating in this sector.
The global water purification market is expected to grow at a CAGR of 9.2% from 2021 to 2028.
This statistic indicates the projected growth rate of the global water purification market over the period from 2021 to 2028. The Compound Annual Growth Rate (CAGR) of 9.2% suggests that the market is anticipated to expand significantly each year, showcasing a strong upward trend. This growth rate signifies the expected annual average increase in market size and demand for water purification technologies and solutions. Factors driving this growth could include increasing awareness about water-related health issues, rising concern for water quality and scarcity, and the adoption of advanced water treatment methods globally. Businesses operating in this market are likely to see opportunities for expansion and innovation in the coming years.
The household segment held the largest revenue share, over 58.0% in 2020.
This statistic indicates that within the market being analyzed, the household segment contributed the most to overall revenue, accounting for more than 58.0% of the total revenue in 2020. This suggests that the products or services targeting households were the primary source of income within the market during that time period. The significance of this statistic highlights the importance of understanding consumer behaviors and preferences within the household segment in order to effectively target and capture the majority share of revenue within the market. By focusing on strategies and offerings that align with the needs and desires of households, businesses can optimize their revenue generation in the long term.
The Point of Entry (PoE) system accounted for a revenue share of over 38.0% in 2020.
The statistic “The Point of Entry (PoE) system accounted for a revenue share of over 38.0% in 2020” indicates that the PoE system generated a substantial portion of the total revenue in 2020, specifically contributing over 38.0% to the overall revenue of the company or sector under consideration. This figure provides insight into the significance and impact of the PoE system on the financial performance of the entity, highlighting its strong revenue-generating capabilities compared to other revenue streams. It suggests that the PoE system plays a crucial role in driving the financial success of the organization and underscores the importance of focusing on and potentially investing further in this particular system to sustain and enhance revenue growth.
In 2020, North America dominated the water filtration market with a share of over 30.0%.
The statistic indicates that in the year 2020, North America held the majority share in the water filtration market, accounting for over 30.0% of the total market share globally. This dominance suggests that North America played a significant role in the industry, potentially due to factors such as a high level of awareness about the importance of clean water, stringent regulations on water quality, and a growing trend towards eco-friendly and sustainable practices. The strong presence of North America in the water filtration market highlights the region’s leadership in promoting access to clean and safe drinking water, driving innovation and investment in water filtration technologies.
Asia Pacific is projected to witness the fastest CAGR of over 10.2% from 2021 to 2028.
The statistic indicates that the Asia Pacific region is expected to experience the highest Compound Annual Growth Rate (CAGR) compared to other regions, with a projected rate exceeding 10.2% from 2021 to 2028. A CAGR of over 10.2% suggests a rapid rate of expansion in various industries and sectors within the region during the specified time frame. This forecast points towards significant economic growth and development in Asia Pacific, potentially driven by factors such as increasing investments, technological advancements, favorable government policies, and rising consumer demand. The projection underscores the region’s emerging importance as a key player in the global economy and a promising market for businesses and investors aiming to capitalize on the region’s growth opportunities.
The membrane systems segment accounted for the largest share of more than 45.0% in 2020.
The statistic indicates that in 2020, the membrane systems segment held the largest market share, accounting for more than 45.0% of the total market within that industry. This suggests that membrane systems, which likely include products such as filtration membranes or membrane bioreactors, were a significant player in the market during that period. This information is valuable for understanding the competitive landscape and potential growth opportunities within the membrane systems industry. Identifying the dominant segment can help businesses and investors make informed decisions about resource allocation, strategic partnerships, and market positioning to capitalize on the strength of this segment in the industry.
The global water purifier market is highly competitive, with the presence of several key players.
This statistic suggests that the global water purifier market is characterized by intense competition due to the presence of a significant number of influential companies. These key players likely have well-established brands, innovative technologies, extensive distribution networks, and substantial marketing budgets, all of which contribute to the competitive nature of the market. As a result, companies in this industry are constantly striving to differentiate their products, improve their market positioning, and attract and retain customers amidst fierce competition. This competitive landscape highlights the importance of strategic decision-making, product innovation, and effective marketing strategies for companies looking to succeed in the global water purifier market.
The global water filtration market is expected to reach $45.3 Billion by 2027.
This statistic indicates that the global water filtration market is projected to achieve a total market value of $45.3 billion by the year 2027. This forecast suggests significant growth and investment opportunities in the water filtration industry as a result of increasing awareness and concerns about water quality and scarcity worldwide. Factors such as population growth, urbanization, industrialization, and environmental degradation are expected to drive the demand for water filtration technologies in both residential and commercial sectors. The projected market value highlights the importance of clean and safe water supply and the potential for innovative solutions to address the growing global water challenges.
The residential water treatment market is estimated to be $15.5 billion.
The statistic that the residential water treatment market is estimated to be $15.5 billion indicates the total value of products and services related to improving water quality specifically within households. This figure encompasses various types of water treatment solutions such as filtration systems, water softeners, and purification devices aimed at addressing issues like contamination, hardness, and taste concerns. The substantial size of this market highlights the significant demand for residential water treatment solutions driven by various factors including growing awareness of water quality issues, concerns over the impact of pollutants on health, and the desire for clean and safe drinking water at home. This statistic underscores the economic importance of the residential water treatment industry and the opportunities it presents for businesses and consumers seeking to address water quality challenges.
The commercial water treatment market is estimated to be $6.5 billion.
The statistic “The commercial water treatment market is estimated to be $6.5 billion” indicates the total value of the commercial water treatment industry in terms of revenue generated from the sale of products and services related to treating water for commercial use such as purification, filtration, desalination, and disinfection. This figure represents the economic significance and size of the market, reflecting the demand for water treatment solutions among businesses, industries, municipalities, and institutions. The $6.5 billion estimate underscores the scale of investment and expenditures in ensuring access to clean and safe water for various commercial applications, highlighting the importance of water treatment in maintaining public health, environmental sustainability, and operational efficiency across different sectors.
Water filters, typically cartridge-based, currently dominate the home water treatment market with 45% market share.
The statistic indicates that water filters, particularly cartridge-based ones, hold a significant share of 45% within the home water treatment market, making them the most prevalent choice among consumers for treating their water at home. This implies that almost half of the market is comprised of water filters, showcasing their popularity and widespread usage in households. The dominance of water filters in the market may be attributed to their effectiveness in removing impurities and improving water quality, as well as their ease of use and affordability compared to other types of water treatment methods. Overall, the statistic underscores the widespread acceptance and preference for water filters as a convenient and reliable solution for ensuring clean and safe drinking water at home.
Carbon filtration is the most common type of residential water treatment, followed by reverse osmosis.
The statistic indicates that among residential water treatment methods, carbon filtration is the most frequently used option, with reverse osmosis being the second most popular choice. Carbon filtration involves the use of activated carbon to remove impurities and contaminants from water by adsorption, making it an effective and relatively affordable method for improving water quality. On the other hand, reverse osmosis is a more advanced and thorough water treatment process that uses a semipermeable membrane to remove a wide range of contaminants, leading to exceptionally clean drinking water. The popularity of carbon filtration and reverse osmosis in residential settings highlight a growing awareness and concern for water quality and the importance of adopting effective water treatment methods for ensuring safe and clean drinking water.
Bottled water cooler unit shipments are expected to grow by 3% annually through 2025.
This statistic indicates that the number of bottled water cooler units being shipped is projected to increase at an annual rate of 3% until the year 2025. This growth rate suggests a positive trend in the demand for bottled water coolers over the next few years. Factors such as increasing consumer preference for bottled water, convenience, hygiene awareness, and workplace wellness initiatives may be driving this growth. Businesses in the bottled water cooler industry can use this projection to plan for production capacity, marketing strategies, and distribution channels in order to capitalize on the anticipated rise in demand for their products in the coming years.
Home water filtration equipment manufacturing in the US has grown 2.2% per year on average between 2016 and 2021.
This statistic indicates that the manufacturing of home water filtration equipment in the US has experienced a steady growth rate of 2.2% per year, on average, from 2016 to 2021. This suggests that there has been sustained demand for home water filtration products over this period, potentially driven by factors such as increasing awareness of water quality issues, health concerns, and a growing preference for clean and safe drinking water. The consistent growth rate implies a stable and expanding market for home water filtration equipment manufacturers, indicating a positive trend in the industry over the past five years.
The Home Water Purification Equipment Manufacturing industry in the U.S. includes 50 businesses.
The statistic “The Home Water Purification Equipment Manufacturing industry in the U.S. includes 50 businesses” indicates that within the United States, there are a total of 50 companies involved in the manufacturing of home water purification equipment. This number serves as a quantitative measure of the scale and competitiveness of the industry, with a relatively small number of businesses compared to other sectors. The presence of 50 companies suggests that there is a market demand for water purification products, providing consumers with a variety of options to choose from in terms of brands, technologies, and price points. It also implies that there may be potential for innovation, competition, and economies of scale within this sector in the U.S.
Home water filtration equipment manufacturers in the US employ 3270 people.
The statistic that home water filtration equipment manufacturers in the US employ 3270 people indicates the total number of individuals working in this specific industry within the country. This figure provides insight into the scale of employment within the sector and suggests that there is a notable workforce dedicated to producing and supporting water filtration equipment for domestic use. By highlighting the number of employees, this statistic offers a glimpse into the level of economic activity and job opportunities associated with the manufacturing and sale of home water filtration equipment in the US.
References
0. – https://www.www.ibisworld.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.wqa.org
3. – https://www.www.globenewswire.com
