The Europe Home Water Filtration Unit Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,474.7 thousand units, showcasing a growth of 8.4% (2019-2022).
The growing emphasis on environmental sustainability has permeated the market. Consumers are increasingly drawn to eco-friendly filtration options, including systems with reusable or recyclable components. Additionally, reducing single-use plastic bottles through home filtration systems aligns with the broader sustainability goals of environmentally conscious consumers. Likewise, point-of-use filtration solutions, such as faucet-mounted filters and countertop units, have gained popularity for their simplicity and ease of installation. These solutions cater to consumers seeking targeted filtration at specific water outlets, providing a cost-effective and convenient alternative to whole-house systems.
Furthermore, the intersection of the market with the health and wellness sector is evident in the marketing and design of filtration units. Brands are increasingly highlighting the water purification benefits and the potential health impacts of consuming clean water. This trend resonates with consumers who prioritize holistic well-being. The advent of e-commerce has transformed the distribution channels for these units. Online platforms offer consumers various choices, comprehensive product information, and user reviews. The convenience of online purchasing has contributed to the market's accessibility, enabling consumers to make informed decisions from the comfort of their homes.
Higher disposable income means consumers in the United Kingdom have more financial flexibility. Affordability becomes a less significant barrier, and individuals or households are more willing and able to invest in these units. This can lead to increased adoption among a broader demographic. As per the data from the Office for National Statistics of the United Kingdom, the median disposable income of households for the fiscal year ending in 2022 amounted to £32,300. The median disposable income of households increased by 0.7% annually from 2020 to 2022. Therefore, increasing disposable income in Europe will drive the demand for these units in the region.
The Germany market dominated the Europe Home Water Filtration Unit Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,627.9 Million by 2030. The UK market is exhibiting a CAGR of 8.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.6% during (2023 - 2030).
Based on Product Type, the market is segmented into RO-based, UV-based, Gravity-based, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Home Water Filtration Unit Market will Hit $24.1 Billion by 2030, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kent Ro System Ltd., SpringWell Water Filtration Systems, 3M Company, Panasonic Holdings Corporation, Amway Corporation, A. O. Smith Corporation, Crystal Quest Water Filters (Quest Technologies) and Veolia Environnement S.A.
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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