In 2022, the global refrigerator water filter market is estimated at US$ 1,114 million and is expected to record a CAGR of 6% during the forecast period from 2022 to 2032. By 2032, the market is projected to reach US$ 1,995 million.
Rising water contamination has generated a significant demand for refrigerator filters. It has been concluded that rapid urbanization has brought a negative impact on water quality, diminishing it. Therefore, the market has witnessed a significant rise in the demand for equipment within the domestic sector.
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Global Refrigerator Water Filter Market Outlook
The global kitchenware appliances market is being growing due to surge in the professional steward consumer segment globally. It includes Water Purifiers, Microwave Oven, Refrigerator, Induction Hob, and Dishwasher. Water purifiers are one of most essential home appliances in every house and it consumes more energy compared to other kitchen appliances and hence, energy-efficiency has become the most important factor considered by consumers while making the purchase decision.
Refrigerator water filters are witnessing growth due to increased demand for water and wastewater treatment from industries such as chemical and petrochemicals, pharmaceuticals and food & beverages.
Global Refrigerator Water Filter Market: Reasons for covering this Title
Water is one of the most important part of human life and due to health conscious reasons among consumers these days, it has become very important for the people to select the best water filter. Refrigerator is one of the most important appliance for kitchen these days and due to the reason of not to use plastic bottles, consumers are moving towards the filters which are compact and fit in less space and does not require extra space in the kitchen. Water purification and going green are most important things these days in the minds of people
Global Refrigerator Water Filter Market: Key Players
Some of the key players operating in the global Refrigerator Water Filter market are
- Swift Green Filters
- EcoPure
- Kenmore
- Viking
- EZ-FLO
- GE
- Samsung
- Whirlpool
- Frigidaire
- Kitchenaid
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Refrigerator Water Filter Market: Key Trends
- The desire to “Go Green” is one of the trend for the Use of Refrigerator Filters Instead of Bottled Water and concerns include the environmental impact of the manufacturing, transportation, as well as the impact on landfill of discarded plastic bottle
- Trend of home improvement and modular kitchen is one of the reason for fostering sales of the refrigerator drinking water filter.
Refrigerator Water Filter Market: Key Developments
- The ongoing indigenous research and development is now focusing on decreasing the water wastage to zero, while simultaneously eliminating the need of electricity in the process
Opportunities for Refrigerator Water Filter Market Participants
In the coming years, there is an increase in demand for refrigerator water filters in the regions like North America and Europe which is expected to drive the market for more advanced refrigerator water filters. However, there is increase in personal healthcare, intense competition, launches of new products, rise in spends on water quality, retrofitting and renovation of old technology, will drive the market of refrigerator water filters market globally. Media coverage on drinking water contamination events and related outbreaks drives market growth and creates opportunity for the market participants to come up with new technologies
Brief Approach to Research for Refrigerator Water Filter Market
FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, formats, and application of segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Refrigerator Water Filter Market sizes.
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Key Segmentations
On the basis of types
- Carbon Block Refrigerator Water Filters
- Granular Activated Carbon (GAC) Refrigerator Water Filters
- Reverse Osmosis (RO) Refrigerator Water Filters
On the basis of application
- Residential
- Commercial
On the basis of the distribution channel
- Direct
- Indirect
- Hypermarket/Supermarket
- Specialty Stores
- Independent Stores
- Online Store
- Others
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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