Commercial Water Filter Market is predicted to reach USD ~46.2 billion at a CAGR of ~14.25% during the forecast period

Pune, India, March 2023, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Commercial Water Filter Market.

A commercial water filter is a system or equipment used for the purification of drinking water. Commercial water filters function with the help of different technologies such as activated carbon, UV technology, and reverse osmosis. Due to an increase in the contaminants, dissolved solids, chemical substances, and other materials, the need for commercial water filter has been increasing over the years.

Commercial Water Filter Market Synopsis

The Global Commercial Water Filter market was valued at USD 14,370.39 million in 2021; it is expected to reach USD 46,271 million, growing at 14.25% CAGR.

The demand for a commercial water filters is increasing rapidly over the last few years across the globe. Technological advancements in commercial water filters are anticipated to act as a major market driver during the forecast period. The emergence of smart filtration systems in the commercial sector is anticipated to create an opportunity for market players operating in the commercial water filter market. However, high equipment and maintenance costs are anticipated to restrict the growth of the global market during the forecast period.

The demand for commercial water filters is limited in certain regions where the cost of the purification system is still a more prominent factor than the health of people. However, the scenario is changing with a rise in the number of diseases due to contaminated water. Such a change is expected to shift the impact of the increasing awareness about water-borne diseases on the global commercial water filter market from moderate to high over the forecast period.

With the spread of COVID-19 around the globe, commercial water filter manufacturers are taking extreme measures in the form of plant closures to curb the spread of COVID-19. The situation remains uncertain as an increasing number of European companies have suspended work, and manufacturers in the US and APAC regions have extended the shutdown periods. Declared a pandemic by the World Health Organization (WHO), COVID-19 has compelled the governments of several countries to impose lockdowns in an effort to reduce its spread. However, these lockdowns have impacted various industries as well as the normal lives of people across the world. It is predicted that the impact of the virus is going to be felt through the end of 2021. So, the governments of various countries are finding alternative means to bring their operations back to normalcy by introducing rescue packages or disaster management bills to boost their economies.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Commercial Water Filter Market

Competitive Landscape

The Global Commercial Water Filter market is characterized by the presence of many regional and local vendors. The regional market is highly competitive, with all the players competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors globally provide cost-effective and efficient products to survive and succeed in a competitive market.

The major players would look to strengthen their country presence through mergers & acquisitions of local and regional players. They are expected to expand their presence and solutions in the above countries during the forecast period. Therefore, vendors globally develop new technologies to stay on par with emerging technology trends that could affect the competitiveness of their product lines in the market.

Segmentation

Based on Type

• FX Filter: FX Filter’s antibacterial function provides significant hygienic water quality management in food services. This kind of filter uses flux technology which helps to reduce maintenance costs by preventing rust and corrosion. Also, the FX filter removes bacteria such as pseudo-coccus aureus and yellow staphylococcus. It provides safe water quality even in contaminated water conditions.


• IEN Filter: IEN water filters have been developed as a range of ion exchange resin filters that can be used in a wide range of applications including hot water boilers, hot liquid vending machines, and espresso machines.


• Carbon Filter: Carbon is a commonly used medium in water filtration processes. Carbon filters for water filtration are made by grinding a carbon source. Carbon filters remove contaminants by adsorption.


• RO Filter: Reverse osmosis (RO) is a process that ensures the reduction of particles from any solution. RO filter works for the removal of contaminants from water by pushing the water through a semi-permeable RO membrane, which allows the passage of only water molecules and rejects almost all dissolved salts, organics, and bacteria.


• Others: Other Segment includes membrane filter, sediment filter, FH filter, and ION filter among others. Ion water filters have appeared on the market to reduce the overall hardness of water, which helps improve the taste of water. To maintain proper water neutrality, ion filters help achieve equal removal of negatively and positively charged ions as needed.

Based on End-Use

• HoReCa: HoReCa is a term in dutch that means hotels, restaurants, and cafes. The adaptation of the modern lifestyle and increase in the disposal in many prominent countries is a factor for the popularity of the HoReCa segment.


• Corporate Offices: A water filter is considered to be one of the most important amenities in the office space to improve the working environment. Offering clean, filtered water is an effective way for employers to fulfill the straightforward needs of their staff. By proactively making clean drinking water available, employees’ health can be improved.


• Shopping Malls and Retail Stores: Maintaining a hygienic environment in commercial establishments such as shopping malls and retail stores is extremely important for the health of many customers and employees alike. Providing pure and clean drinking water free from all microorganisms and chemicals is a fundamental service that must be provided in all these establishments.


• Institutional: The reputation of an institution does not only depend on academic excellence. All aspects of managing your property also affect it, including the school's water treatment systems. The main importance of water filtration is to prevent water-related illnesses and diseases. Infants, elderly adults, and people with poor immune systems are more highly susceptible to experiencing adverse effects due to contaminated water from the tap.


• Others: The other segment includes factories, warehouses, and clinical laboratories. The outbreak of COVID-19 is expected to positively impact the clinical laboratory services industry, as the pandemic has boosted clinical laboratory testing services thereby directly propelling the growth of the commercial water filter market.

Based on Region

• North America: The North American market consists of the US, Canada, and Mexico; it is projected to hold a significant share of the global commercial water filter market during the review period. Factors that drive the regional market include the increased demand for the scarcity of clean water and the growing population. The growing awareness of water-borne diseases backs this. The US holds the largest share of the North American commercial water filter market.


• Europe: In Germany, the growing population and higher economic performance of the country are the major factors that have driven the market. However, the major factor that has driven the UK market is the rising preference for purified water, the high standard of living of people, and initiatives to prevent water-borne diseases.


• Asia-Pacific: With the highest population density in countries such as China and India, Asia-Pacific dominates the global commercial water filter market. The market has been experiencing rapid growth in the last two to three years, owing to the growing commercial sector, rising preference for purified water, and government initiatives. The population of these regions has also been increasing, which is expected to boost market growth further. India has considerable demand for commercial water filters. The key factors that are driving the Indian market are the rapidly developing economy, government initiatives for pure water, and the growing population.


• Middle East: Rising per capita disposable income and improved lifestyles drive the growth of the market for commercial water filters in these regions. In the Middle East, the commercial water filter market is growing at a decent pace, mainly due to a higher number of people being diagnosed with various water-borne diseases.


• Africa: People in Africa primarily depend on desalinated water, bottled water, and water supplied by municipalities. Municipal water has a high total dissolved solids (TDS) level and chlorine content. Currently, Africa is witnessing acute water scarcity and decreasing water availability.