Developing nations like India and China in the Asia Pacific region as well as underdeveloped regions of Africa are making significant investments in water purification infrastructure due to a lack of drinking water, which is driving the growth of the global home water filtration unit market. Based on region, North America held the largest share in 2021.
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According to the report published by Allied Market Research, the global home water filtration unit market generated $3.7 billion in 2021 and is projected to reach $5.8 billion by 2031, witnessing a CAGR of 4.9% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chains, key investment pockets, regional scenarios, and competitive landscape.
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COVID-19 scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global home water filtration unit market, owing to the implementation of global lockdown which resulted in the prevention of the manufacture of home water filtration units.
- Due to a decline in product demand and problems with component supply, manufacturing companies faced several challenges.
- Additionally, numerous nations had to deal with lockdown restrictions when businesses were not allowed to operate, which negatively impacted the market for home water filtration units and decreased the production of water filters.
- However, the home water filtration unit market has already recovered and the demand for home water filtration units is likely to increase in the post-pandemic.
The research provides detailed segmentation of the global home water filtration unit market based on product type, sales channel, and region.
Based on product type, the ultraviolet purification systems segment accounted for the highest share in 2021, contributing to nearly one-third of the global home water filtration unit market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the sediment filter segment is expected to manifest the highest CAGR of 6.2% from 2022 to 2031.
Based on the sales channel, the direct sales segment accounted for the highest share in 2021, holding nearly three-fourths of the global home water filtration unit market, and is expected to continue its leadership status during the forecast period. However, the indirect sales segment is estimated to grow at the highest CAGR of 5.3% during the forecast period.
Based on region, North America held the largest share in 2021, contributing to nearly two-fifths of the global home water filtration unit market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 6.6% during the forecast period.
Leading market players of the global home water filtration unit market analyzed in the research include SUEZ Water Technologies & Solutions, Tata Chemicals Limited, Amway Corporation, A. O. Smith Corporation, Eureka Forbes Limited, Halo Source Inc., KENT RO Systems Ltd., LG Electronics, Panasonic Corporation, Brita GmbH.
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