BURNABY, Canada — A recently published report by TechSci Research, "Global Media based Water Filters Market Forecast & Opportunities, 2019," has found that the media-based water filters market is rising predominantly on the back of growing desalinated and bottled water markets globally, according to a press release published on PR Newswire.
The global market for media-based water filters is likely to surpass $12 billion by the end of 2018, growing at a higher rate during the 2014-2019 period compared to the last five years, the release continued.
Uneven water distribution, low sewage collection and treatment rate, rising urbanization and industrialization are the key factors driving the demand for media-based water filters globally, noted the release.
The Industrial sector is the leading demand generator for the global media-based water filters market, the release reported, particularly the oil and gas, power and paper and pulp industries.
China, India, the U.S., Japan and Germany are expanding their public water supply networks as well as regulating the water intensive industries for water reuse and recycling, according to the release, which is also driving demand for water treatment plants and media-based water filters.
Read the full release here.