Home Press Releases Recycling Water Filtration Market worth $3.8 billion by 2028; at a CAGR of 7.5% during the forecast period

Recycling Water Filtration Market worth $3.8 billion by 2028; at a CAGR of 7.5% during the forecast period

by Press Room


 


(EMAILWIRE.COM, February 19, 2024 ) According to a research report “Recycling Water Filtration Market by Product Type (Sand, Multimedia, Activated Carbon, Membrane Filters), Membrane Type (Reverse Osmosis, Ultrafiltration, Microfiltration, Nanofiltration), Maximum Flow Rate, End User and Region – Global Forecast to 2028″ published by MarketsandMarkets, Recycling water filtration market is projected to reach USD 3.8 billion by 2028 from an estimated USD 2.7 billion in 2023, at a CAGR of 7.5% during the forecast period.

The increasing adoption of recycling water filtration is driven by growing due to increasing water scarcity and environmental concerns, prompting industries and communities to seek sustainable solutions for water management and conservation. Additionally, advancements in technology are making recycling water filtration systems more efficient and cost-effective, driving further adoption.

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Membrane filter, by product type, is expected to grow by the largest segment during the forecast period.

Based on product type, the recycling water filtration market has been segmented into sand filters, multimedia filters, activated carbon filters, and membrane filters. Membrane filters are in high demand due to their superior filtration efficiency, capable of removing a diverse range of contaminants such as particles, microorganisms, and dissolved solids, ensuring the delivery of high-quality recycled water. Additionally, their compact design, efficient operation, and reduced chemical usage make them appealing for industrial and municipal water recycling projects. Moreover, the increasing emphasis on sustainable water management practices and stringent water quality regulations are driving the adoption of membrane filters as a reliable solution to address water scarcity challenges.

The ultrafiltration segment by membrane type is expected to grow at the second fastest CAGR during the forecast period.

This report segments the recycling water filtration market based on membrane type into ultrafiltration, nanofiltration, microfiltration and reverse osmosis. The ultrafiltration segment is expected to grow as the second fastest in the recycling water filtration market due to its ability to effectively remove suspended solids, bacteria, viruses, and other contaminants from water, providing high-quality recycled water output. Ultrafiltration membranes offer a robust solution for various applications, including industrial and municipal water recycling projects, due to their versatility, reliability, and cost-effectiveness.

Asia Pacific is expected to be the largest region in the recycling water filtration market.

Asia Pacific is expected to be the largest recycling water filtration market during the forecast period. The Asia Pacific region has been subdivided into five key countries: China, India, Japan, South Korea, and the Rest of Asia Pacific. Rest of Asia Pacific includes Vietnam, Taiwan, Singapore, Bangladesh, Pakistan, and the Philippines. The recycling water filtration market is flourishing in the Asia Pacific due to the pressing need for sustainable water management. Rapid urbanization, population growth, and increasing awareness of water scarcity have compelled countries to invest significantly in advanced water treatment technologies. Government initiatives, such as China’s commitment to ecological transition and India’s focus on improving wastewater infrastructure, play a pivotal role in driving market growth.

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Key Players

Some of the major players in the recycling water filtration market are Veolia (France), TORAY INDUSTRIES, INC. (Japan), Xylem (US), DuPont (US), and KUBOTA Corporation (Japan). The major strategies adopted by these players include sales contracts, product launches, investments, collaborations, partnerships, and expansions.

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