What is Global Refrigerator Water Filters Market?
The Global Refrigerator Water Filters Market is a vast and dynamic sector that focuses on the production and distribution of water filters specifically designed for refrigerators. These filters are essential for ensuring the purity and safety of the water dispensed from refrigerators, thus playing a crucial role in maintaining public health and hygiene. The market encompasses a wide range of products, including but not limited to, filters made from activated carbon, ceramic, and other materials. The market's value was estimated to be US$ 1219.9 million in 2022, and it is projected to reach US$ 1804 million by 2029. This indicates a steady growth in the market, with a Compound Annual Growth Rate (CAGR) of 5.7% expected between 2023 and 2029.
Granular Activated Carbon (GAC) Filters, Carbon Block Filters in the Global Refrigerator Water Filters Market:
The Global Refrigerator Water Filters Market is segmented into various types based on the kind of filter used. Two of the most common types are Granular Activated Carbon (GAC) Filters and Carbon Block Filters. GAC filters use small grains of activated carbon to filter out impurities from the water. They are effective in removing chlorine, sediment, volatile organic compounds (VOCs), taste and odor from water. On the other hand, Carbon Block Filters are made from solid blocks of activated carbon, providing a larger surface area for filtration. They are capable of removing a wider range of contaminants compared to GAC filters, including lead, mercury, and certain microorganisms. As per the market data, GAC filters hold the largest market share, accounting for about 60% of the total market.
Residential, Commercial in the Global Refrigerator Water Filters Market:
The Global Refrigerator Water Filters Market finds its applications majorly in two areas - Residential and Commercial. In the residential sector, these filters are used in household refrigerators to provide clean and safe drinking water. They are essential for families, especially those with children, as they ensure the removal of harmful contaminants from the water. In the commercial sector, these filters are used in refrigerators in offices, restaurants, hotels, and other establishments. They ensure the provision of clean water to employees and customers, thus contributing to public health and safety. The usage of these filters in both these sectors is expected to increase in the future, contributing to the growth of the market.
Global Refrigerator Water Filters Market Outlook:
The Global Refrigerator Water Filters Market is dominated by a few key players, with the top 5 companies holding about 42% of the market share. The market is geographically diverse, with North America being the largest market, accounting for about 38% of the total market. It is followed by Europe and Asia Pacific, which hold about 34% and 20% of the market share respectively. The dominance of these regions can be attributed to the high demand for clean and safe drinking water, coupled with the presence of major market players in these regions.
| Report Metric | Details |
| Report Name | Refrigerator Water Filters Market |
| Accounted market size in 2022 | US$ 1219.9 in million |
| Forecasted market size in 2029 | US$ 1804 million |
| CAGR | 5.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Whirlpool, LG Electronics, Samsung, Electrolux, Bosch, GE, Kenmore, Swift Green Filters, KX Technologies, Miele, 3M, Ecopure Filter, Ningbo Pureza Limited |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
