The global water filters market size is estimated to be USD 10.8 billion in 2018 and is projected to reach USD 14.7 billion by 2023, at a CAGR of 6.3%. This market’s growth is mainly attributed to the high demand from oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries.
Eaton Corporation (US), Suez Water Technologies & Solutions (France), Veolia (France), Dow Water & Process Solutions (US), Evoqua Water Technologies (US), Mann-Hummel (Germany), Pall Corporation (US), Pentair PLC (UK), and Lydall Industrial Filtration (US) are the leading manufacturers of specialty water filters, globally.
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Veolia (US) is one of the leading players in the water filters market. The company has been focusing on organic & inorganic strategies to maintain its leading position in the market. For example, it established the world’s biggest sludge treatment and retrieval plant in Hong Kong, with a plan to treat wastewater from 11 wastewater sources. This expansion helped the company increase its geographic reach in the Asia Pacific region. In December 2016, Veolia merged its own sub-division Veolia Water Treatment & Solutions. Veolia, by this merger, expanded its business cycle over industrial, healthcare, and scientific sectors.
Eaton Corporation (US) is the other major player in the water filters market. The company adopted the organic growth strategies to establish its foothold, globally. For example, Eaton Corporation expanded its product portfolio by introducing 4 new products in 2017-18, resulting in high profits for the company. In January 2015, Eaton Corporation acquired Oxalis Group Ltd., which enabled it a long-term strategy to continue offering innovative solutions for industrial and commercial communication markets. This acquisition also helped open up a new business line for Eaton Corporation.
Water Filters Market by Media Type (Single & Dual Phase, Multimedia, Cartridge), End-Use Industry (Municipal, Industrial (Oil & Gas, Chemicals & Petrochemicals, Food & Beverages, and Pharmaceuticals)), and Region - Global Forecast to 2023
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