BURNABY, Canada, June 22, 2015 /PRNewswire/ --
Increasing water and wastewater treatment, along with growth in desalination market to drive media based water filters market over the next five years
According to recently published TechSci Research report "Global Media Based Water Filters Market Forecast & Opportunities, 2020", global media based water filters market is projected to grow at a CAGR of over 9% through 2020. Growth in the market is anticipated on account of increasing demand for purified water in both industrial and residential set-up. In addition, increasing regulations on recycle and reuse of water due to the depletion of water resources, are resulting in an increase in water and wastewater treatment, further surging the demand for media based water filters globally.
Media based water filters are categorized as activated carbon filters, sediment filters, sand filters and others, where others include filters based on media such as ceramic, magnetite and anthracite. In 2014, activated carbon based water filters dominated global media based water filters market, followed by sand filters and sediment filters, respectively. Activated carbon based water filters are largely preferred in industrial sector for the treatment of process water and wastewater. Activated carbon helps in the removal of undesirable taste, odor and volatile organic compounds from drinking water as well as water used for industrial purposes.
"Asia-Pacific dominates global media based water filters market primarily on account of growth in water purifiers market since media based water filters are used in combination with RO and UV systems in water purifiers. The region accounted for the largest share in the market in 2014 and is anticipated to retain its dominance through 2020. Moreover, market for media based water filters in MEA is projected to exhibit fastest growth over the next five years owing to increase in the number of desalination and construction projects in countries such as the UAE, Qatar, Oman, Kuwait and Saudi Arabia.", said Mr Karan Chechi, Research Director with TechSci Research a research based global management consulting firm.
"Global Media Based Water Filters Market Forecast & Opportunities, 2020" has evaluated the future growth potential of global media based water filters market, and provides statistics and information on market structure, industry behavior and trends. The report includes media based water filters market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in media based water filters market across the globe.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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