Market Overview:
The global home water filtration system replacement market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of using home water filtration systems, rising disposable income, and growing demand for purified water. The global home water filtration system replacement market can be segmented on the basis of type into RO filters, UV filters, and carbon filters. The RO filter segment is expected to hold the largest share in terms of revenue in 2018 owing to its ability to remove a wide range of impurities from water. On the basis of application, the residential use segment is expected to account for a larger share than commercial use during the forecast period.
Product Definition:
Home water filtration system replacement is the process of replacing an old home water filtration system with a new one. The importance of home water filtration system replacement depends on how old the old system is and how well it is functioning. If the old system is not working well or if it is very old, then it may be important to replace it in order to get better quality water.
RO Filter:
Reverse osmosis (RO) filter is a type of water purifier that uses a semi-permeable membrane to eliminate bacteria, harmful chemicals, and other contaminants from the water. The basic function of RO filters is to produce high-quality drinking water by removing pollutants and waste materials from tapwater with zero or very low chemicals used in the process.
UV Filter:
A UV filter is a device that blocks or absorbs some of the UV radiation to protect the sensitive equipment used in electronic devices such as cameras, cell phones, and other home appliances from damage. The most commonly used materials for making a UV filter are glass and polymer resin. Home water filtration system replacement includes replacing filters or cartridges in your existing system as well as installing new systems to meet changing drinking water regulations or aesthetic taste preferences of consumers.
Application Insights:
The residential use segment dominated the global home water filtration system replacement market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to increasing number of households with a working spouse couple and/or single-parent family coupled with rising health concerns regarding clean drinking water supply in homes across the globe.
Commercial application is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing demand for purified and enhanced quality water among commercial establishments, hotels, restaurants and healthcare facilities at an affordable price coupled with technological advancements that have boosted product demand over the past few years. Technological developments such as installation of advanced filters that are capable of removing contaminants including lead, asbestos fibers, cysts & bacteria including E Coli & Staphylococcus Aureus from contaminated source waters are expected fuel product demand over the forecast period especially in developed economies like U.S.
Regional Analysis:
Asia Pacific dominated the global home water filtration system replacement market in 2017. This is attributed to increasing awareness regarding health and hygiene among people, rising disposable income, and rapid urbanization in the region. Moreover, growing real estate sector due to increasing population will provide growth opportunities for the market over the forecast period.
The Middle East & Africa is expected to grow at a significant rate over the forecast period owing to high demand from commercial application segment owing to rapid urbanization coupled with increased spending on construction activities in countries such as Saudi Arabia and UAE. In addition, government initiatives encouraging people for investing in residential properties are anticipated boost regional growth prospects of this industry over next eight years or so till 2030 time frame.
Growth Factors:
- Increasing awareness about the benefits of home water filtration systems: A large number of people are now becoming aware of the various benefits offered by home water filtration systems. This is helping to drive demand for these systems, thereby boosting the market growth.
- Growing concerns about water quality: There is a growing concern among people about the quality of water that they are drinking. This is motivating them to install home water filtration systems, which can help improve the quality of their drinking water.
- Rising popularity of bottled and filtered waters: The popularity of bottled and filtered waters is increasing rapidly, as more and more people are becoming concerned about the safety and quality of their drinking water supply. Home Water Filtration System Replacement market is benefiting from this trend as well, with sales rising steadily each year.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Water Filtration System Replacement Market Research Report
By Type
RO Filter, UV Filter, Carbon Filter
By Application
Residential Use, Commercial Use
By Companies
Pentair, 3M, Midea, Qinyuan, Doulton, GE, Waterlogic, Hanston, Culligan, Stevoor, Pentair, Haier, TORAY, Royalstar, BWT, GREE, Whirlpool, Panasonic, Ecowater
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Home Water Filtration System Replacement Market Report Segments:
The global Home Water Filtration System Replacement market is segmented on the basis of:
Types
RO Filter, UV Filter, Carbon Filter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pentair
- 3M
- Midea
- Qinyuan
- Doulton
- GE
- Waterlogic
- Hanston
- Culligan
- Stevoor
- Pentair
- Haier
- TORAY
- Royalstar
- BWT
- GREE
- Whirlpool
- Panasonic
- Ecowater
Highlights of The Home Water Filtration System Replacement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RO Filter
- UV Filter
- Carbon Filter
- By Application:
- Residential Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Water Filtration System Replacement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A home water filtration system replacement is when a homeowner replaces their old, worn-out water filter with a new one. This can be done in order to improve the quality of the water that comes out of the tap, as well as reduce the amount of bacteria and other contaminants that are present.
Some of the major companies in the home water filtration system replacement market are Pentair, 3M, Midea, Qinyuan, Doulton, GE, Waterlogic, Hanston, Culligan, Stevoor, Pentair, Haier, TORAY, Royalstar, BWT, GREE, Whirlpool, Panasonic, Ecowater.
The home water filtration system replacement market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Water Filtration System Replacement Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Water Filtration System Replacement Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Water Filtration System Replacement Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Water Filtration System Replacement Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Water Filtration System Replacement Market Size & Forecast, 2018-2028
4.5.1 Home Water Filtration System Replacement Market Size and Y-o-Y Growth
4.5.2 Home Water Filtration System Replacement Market Absolute $ Opportunity
Chapter 5 Global Home Water Filtration System Replacement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Water Filtration System Replacement Market Size Forecast by Type
5.2.1 RO Filter
5.2.2 UV Filter
5.2.3 Carbon Filter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Water Filtration System Replacement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Water Filtration System Replacement Market Size Forecast by Applications
6.2.1 Residential Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Water Filtration System Replacement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Water Filtration System Replacement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Water Filtration System Replacement Analysis and Forecast
9.1 Introduction
9.2 North America Home Water Filtration System Replacement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Water Filtration System Replacement Market Size Forecast by Type
9.6.1 RO Filter
9.6.2 UV Filter
9.6.3 Carbon Filter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Water Filtration System Replacement Market Size Forecast by Applications
9.10.1 Residential Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Water Filtration System Replacement Analysis and Forecast
10.1 Introduction
10.2 Europe Home Water Filtration System Replacement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Water Filtration System Replacement Market Size Forecast by Type
10.6.1 RO Filter
10.6.2 UV Filter
10.6.3 Carbon Filter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Water Filtration System Replacement Market Size Forecast by Applications
10.10.1 Residential Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Water Filtration System Replacement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Water Filtration System Replacement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Water Filtration System Replacement Market Size Forecast by Type
11.6.1 RO Filter
11.6.2 UV Filter
11.6.3 Carbon Filter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Water Filtration System Replacement Market Size Forecast by Applications
11.10.1 Residential Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Water Filtration System Replacement Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Water Filtration System Replacement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Water Filtration System Replacement Market Size Forecast by Type
12.6.1 RO Filter
12.6.2 UV Filter
12.6.3 Carbon Filter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Water Filtration System Replacement Market Size Forecast by Applications
12.10.1 Residential Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Water Filtration System Replacement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Water Filtration System Replacement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Water Filtration System Replacement Market Size Forecast by Type
13.6.1 RO Filter
13.6.2 UV Filter
13.6.3 Carbon Filter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Water Filtration System Replacement Market Size Forecast by Applications
13.10.1 Residential Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Water Filtration System Replacement Market: Competitive Dashboard
14.2 Global Home Water Filtration System Replacement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pentair
14.3.2 3M
14.3.3 Midea
14.3.4 Qinyuan
14.3.5 Doulton
14.3.6 GE
14.3.7 Waterlogic
14.3.8 Hanston
14.3.9 Culligan
14.3.10 Stevoor
14.3.11 Pentair
14.3.12 Haier
14.3.13 TORAY
14.3.14 Royalstar
14.3.15 BWT
14.3.16 GREE
14.3.17 Whirlpool
14.3.18 Panasonic
14.3.19 Ecowater
