Global Water Filtration Machinery Market to Witness Steady Growth with a CAGR of +3.8% from 2024 to 2030

IndexBox has just published a new report: World - Machinery For Filtering Or Purifying Water - Market Analysis, Forecast, Size, Trends And Insights.

The global market for water filtration and purification machinery is projected to grow steadily, with a forecasted CAGR of +3.8% in volume and +6.2% in value from 2024 to 2030. By the end of 2030, the market is expected to reach 506 million units and $22.7 billion in value, driven by rising consumer need for clean water solutions.

Market Forecast

Driven by increasing demand for machinery for filtering or purifying water worldwide, the market is expected to continue an upward consumption trend over the next six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.8% for the period from 2024 to 2030, which is projected to bring the market volume to 506M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2024 to 2030, which is projected to bring the market value to $22.7B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Machinery For Filtering Or Purifying Water

In 2024, after two years of decline, there was significant growth in consumption of machinery for filtering or purifying water, when its volume increased by 9.1% to 406M units. Over the period under review, the total consumption indicated a prominent expansion from 2013 to 2024: its volume increased at an average annual rate of +6.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the maximum volume at 414M units in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

The global water filter market value rose slightly to $15.8B in 2024, growing by 4.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible expansion from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +42.7% against 2014 indices. Global consumption peaked in 2024 and is expected to retain growth in the immediate term.

Consumption By Country

The United States (120M units) constituted the country with the largest volume of water filter consumption, accounting for 30% of total volume. Moreover, water filter consumption in the United States exceeded the figures recorded by the second-largest consumer, China (41M units), threefold. Canada (36M units) ranked third in terms of total consumption with an 8.9% share.

In the United States, water filter consumption increased at an average annual rate of +4.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: China (+7.2% per year) and Canada (+23.4% per year).

In value terms, the largest water filter markets worldwide were the United States ($1.7B), China ($1.4B) and Brazil ($678M), with a combined 23% share of the global market. Poland, Germany, India, Canada, Malaysia, Japan and South Africa lagged somewhat behind, together accounting for a further 17%.

In terms of the main consuming countries, Canada, with a CAGR of +17.6%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of water filter per capita consumption was registered in Canada (920 units per 1000 persons), followed by the United States (355 units per 1000 persons), Malaysia (239 units per 1000 persons) and Poland (221 units per 1000 persons), while the world average per capita consumption of water filter was estimated at 50 units per 1000 persons.

In Canada, water filter per capita consumption expanded at an average annual rate of +22.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the United States (+3.5% per year) and Malaysia (+8.2% per year).

Production

World Production of Machinery For Filtering Or Purifying Water

In 2024, the amount of machinery for filtering or purifying water produced worldwide fell modestly to 267M units, shrinking by -2.5% against the year before. In general, the total production indicated a moderate increase from 2013 to 2024: its volume increased at an average annual rate of +4.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -11.7% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 34% against the previous year. As a result, production attained the peak volume of 303M units. From 2022 to 2024, global production growth failed to regain momentum.

In value terms, water filter production reduced to $14.6B in 2024 estimated in export price. Overall, the total production indicated a pronounced increase from 2013 to 2024: its value increased at an average annual rate of +2.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -11.7% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by 25%. As a result, production reached the peak level of $16.5B. From 2022 to 2024, global production growth remained at a somewhat lower figure.

Production By Country

China (97M units) remains the largest water filter producing country worldwide, comprising approx. 36% of total volume. Moreover, water filter production in China exceeded the figures recorded by the second-largest producer, South Korea (18M units), sixfold. Taiwan (Chinese) (15M units) ranked third in terms of total production with a 5.7% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China stood at +8.8%. In the other countries, the average annual rates were as follows: South Korea (+10.1% per year) and Taiwan (Chinese) (+5.9% per year).

Imports

World Imports of Machinery For Filtering Or Purifying Water

In 2024, after two years of decline, there was significant growth in purchases abroad of machinery for filtering or purifying water, when their volume increased by 10% to 390M units. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 29%. Global imports peaked in 2024 and are expected to retain growth in the near future.

In value terms, water filter imports contracted to $11.1B in 2024. Over the period under review, total imports indicated noticeable growth from 2013 to 2024: its value increased at an average annual rate of +4.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +57.5% against 2016 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 12% against the previous year. Global imports peaked at $11.3B in 2023, and then declined slightly in the following year.

Imports By Country

The United States was the major importing country with an import of around 146M units, which resulted at 37% of total imports. Canada (67M units) took the second position in the ranking, distantly followed by Mexico (28M units) and India (28M units). All these countries together took near 31% share of total imports. South Africa (11M units), Malaysia (10M units), Japan (9.2M units), Brazil (7.9M units), France (6.5M units) and Colombia (6.2M units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +3.1% from 2013 to 2024. At the same time, India (+26.9%), Colombia (+20.1%), Canada (+18.3%), Brazil (+14.9%), South Africa (+14.0%), Mexico (+10.2%), Malaysia (+10.2%) and Japan (+3.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +26.9% from 2013-2024. By contrast, France (-7.7%) illustrated a downward trend over the same period. Canada (+11 p.p.), India (+5.9 p.p.) and France (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -25.5% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.1B) constitutes the largest market for imported machinery for filtering or purifying water worldwide, comprising 19% of global imports. The second position in the ranking was taken by Canada ($374M), with a 3.4% share of global imports. It was followed by France, with a 3.1% share.

In the United States, water filter imports increased at an average annual rate of +7.0% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Canada (+2.1% per year) and France (+3.0% per year).

Import Prices By Country

The average water filter import price stood at $29 per unit in 2024, declining by -10.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2022 an increase of 11% against the previous year. Global import price peaked at $42 per unit in 2013; however, from 2014 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($52 per unit), while Colombia ($4.9 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by France (+5.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Machinery For Filtering Or Purifying Water

Global water filter exports declined modestly to 252M units in 2024, approximately reflecting 2023. Over the period under review, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 40%. The global exports peaked at 260M units in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

In value terms, water filter exports reduced to $10.9B in 2024. In general, total exports indicated a tangible expansion from 2013 to 2024: its value increased at an average annual rate of +3.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 12% against the previous year. Over the period under review, the global exports reached the peak figure at $12.1B in 2023, and then contracted in the following year.

Exports By Country

In 2024, China (59M units), distantly followed by Mexico (32M units), Canada (31M units), the United States (26M units), South Korea (16M units) and Taiwan (Chinese) (13M units) represented the main exporters of machinery for filtering or purifying water, together achieving 70% of total exports. Switzerland (10M units), Germany (6.4M units), Italy (5.6M units) and India (5.3M units) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for Switzerland (with a CAGR of +24.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest water filter supplying countries worldwide were China ($2.2B), the United States ($1.3B) and Germany ($997M), together accounting for 41% of global exports.

China, with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2024, the average water filter export price amounted to $43 per unit, waning by -9% against the previous year. Over the period under review, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of 29% against the previous year. As a result, the export price attained the peak level of $69 per unit. From 2015 to 2024, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Germany ($155 per unit), while Mexico ($7.6 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform