Water Filters Market Worth $14.7 Billion by 2023 - Exclusive Report by MarketsandMarkets

CHICAGO, December 12, 2018 /PRNewswire/ --

According to the new research report "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", published by MarketsandMarkets, the Water Filters Market is projected to grow from USD 10.8 billion in 2018 to USD 14.7 billion by 2023, at a CAGR of 6.3%. The growth of this market is attributed to the growing oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals end-use industries.

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Browse in-depth TOC on "Water Filters Market"
86 - Tables
66 - Figures
168 - Pages

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/water-filter-market-256063580.html

The single & dual phase media type segment is projected to have the highest share during the forecast period.  

Based on media type, the Water Filters Market has been segmented into single & dual phase, multimedia, cartridge, and others (cloth, ceramic, and stainless steel). Single & dual phase is expected to be the largest media type segment of the market during the forecast period. The single & dual phase media is largely used in pre-filtration processes of water and wastewater. Increasing demand for better quality water and the reuse of wastewater are driving the Water Filters Market growth.

Food & beverages end-use industry segment is projected to register the highest CAGR, in terms of value, during the forecast period.  

Based on end-use industry, the Water Filters Market has been segmented into municipal and industrial. Industrial includes oil & gas, chemicals & petrochemicals, food & beverages, and pharmaceuticals. The food & beverages industry is projected to be the largest end-use industry segment of the market during the forecast period. The food & beverages industry uses a very high amount of water for processing and other procedures. Another major market for water filters is the chemicals & petrochemicals industry as this industry requires large volumes of water for utilities, process feed, washing, and other applications.