New report published by QY Research which offers insights on the global Refrigerator Water Filters market. The Refrigerator Water Filters market has been experiencing steady growth graph since past years. In 2017 the global Refrigerator Water Filters market was valued at US$ 1.1 Bn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 1.8 Bn growing at a value CAGR of 9% throughout the period of forecast.
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Global Refrigerator Water Filters Market by Type
Refrigerator water filters combine mechanical and carbon filtration to capture waterborne impurities before they reach your glass.
There are three types: Carbon Block Filters, Granular Activated Carbon (GAC) Filters and Others.
Carbon Block Filters is the major type of Refrigerator water filters, and accounts for more than 605 of the market. Granular Activated Carbon (GAC) Filters accounts for nearly 30% of the market
Global Refrigerator Water Filters Market: Market Driver and Restraint
Refrigerator Water Filters, mainly used in the following industries: Residential and Commercial.
Currently, the manufacturing technology of Refrigerator Water Filters is getting mature, and the technology barrel is not that high.
The market of Refrigerator Water Filters in developing countries is promising; there is still large scale of demand.
New enterprise’s new project will introduce advanced equipment and technical team, which can increase his competitiveness. Downstream demand of Refrigerator Water Filters has been in a growth trend. This indicates the great demand space of Refrigerator Water Filters in the future.
Forward foreign-related enterprises shift to China, which is conducive to China's technological exchanges and updates.
Global Refrigerator Water Filters Market: Forecast by Region
North America, Europe, China, Japan and Asia-Pacific Other are the regions that are included in this report. North America is the dominant market in the global Refrigerator Water Filters market in terms of value. Europe is the second largest market. China market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of Refrigerator Water Filters.
Global Refrigerator Water Filters Market: Key Players
The main players are Whirlpool, LG Electronics, Samsung, Electrolux, Bosch, GE, Kenmore, Swift Green Filters, KX Technologies, Miele, 3M, Ecopure Filter, Ningbo Pureza Limited and Other.
The Refrigerator Water Filters industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry.
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