A water filter is progressively utilized for household purpose to eradicate impurities by depressing contamination of water by means of a fine physical barricade, a chemical process, or a biological procedure.
According to the report analysis, ‘Global Water Filter Housing Market to reach USD 28 billion by 2026’ states that the usage of water filter housing has been increasing with the effective augment in the number of individuals which have expanded access to pure drinking water. This shortage of drinking water has powered the way for expansion in the water purifier industry. Since water-related complications are increasingly penetrating the confederation of severe environmental and worldwide concerns. Thus, increasing number of government bodies to preserve water quality for safeguarding environment, growing awareness amongst people towards health owing to growing water-borne diseases and developing standards of living of people are the few aspects responsible for high CAGR of the market over the review period.
For instance, the U.S. Environmental Protection Agency (EPA), which also manages the Clean Water Act (CWA) and the National Pollutant Discharge Elimination System (NPDES). NPDES issues authorizations to all wastewater facilities and directs them to protect the environment by establishing monitoring and broadcasting requirements and precise discharge limits. To confirm drinking water superiority, the EPA also formed the Safe Drinking Water Act (SDWA). The EPA arrays the standards and regulates the localities and states, and water contractors who implement the standards. Most water and wastewater treating and purification take place at the native level. This in turn is predictable to fuel the implementation for water testing & analysis instruments in environmental applications all over the world. Amidst the COVID-19 outburst and the strict measures employed by the government on the movement of individuals, goods & services will have a short-term impact on the water separation industry thus, less impacting to the growth of water filter housing industry across the world. In addition, the high equipment and maintenance cost is continuously consider as a foremost restraining aspect to the market growth over the estimate period of 2020-2026.
Major market players involves in this report are Mitsubishi, Sartorius, Pall, 3M, Pentair, Parker, Meissner Filtration Products, Inc., Harmsco, Eaton, Katadyn and several others.
Although, the regional analysis of worldwide Water Filter Housing market is considered for the developed as well as underdeveloped regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific is the leading/significant region around the world in terms of market share due to growing ultimatum of household products for the water filtration, and the shortage of clean water in the region. Whereas, the Asia-Pacific is also projected to exhibit greatest growth rate / CAGR over the review period of 2020-2026, due to the existence of large populace, along with increasing government initiatives towards preserving water quality in the region. Therefore, in the near years, it is predicted that the market of water filter housing will increase around the globe more effectively over the forthcoming years.
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Ankur Gupta, Head Marketing & Communications