Global Portable Filtration System Market Market Overview:
Small and versatile water filters called portable filtration systems, are used in many situations. It purifies water by removing dirt, silt, and other contaminants. A portable filtration system is a filtration device that can continuously remove fluid from a reservoir. Demand for portable filtration systems is increasing due to stringent government regulations to prevent global environmental degradation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Increasing Demand for Clean and Safe Drinking Water, Growing Awareness about the Importance of Clean Water, Rising Adoption of Portable Filtration Systems in Different Industries and Rising Government's Strict Regulations to Reduce Single-Use Plastic Bottles
Challenges:
Fluctuations in the Prices of Raw Materials Can Impact Production Costs and Profitability and Lack of Awareness Regarding the Benefits of These Systems in Some Regions
Restraints:
Lack of Skilled Professionals to Operate Portable Filtration Systems
Opportunities:
Increasing Demand for Innovative Technology Such as ROAM Filter Plus for Removing Harmful Pathogens to Create Safe Drinking Water
Competitive Landscape:
Global Portable Filtration System Market is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are G.S. Hydraulics (India), Nanjing Shinkai Filter Co., Ltd (China), Wateroam Pte Ltd. (Singapore), Nufiltration Ltd. (Israel), Noahwater (Canada), Parker Hannifin Corp. (United States), Hydac International Gmbh (Germany), Eaton Corporation (Ireland), MP Filtri S.P.A. (Italy) and Como Filtration System (United States). Considering Market by Types, the sub-segment i.e. Pressure Filtration will boost the Portable Filtration System Market market. Considering Market by Distribution Channel , the sub-segment i.e. Direct Sales will boost the Portable Filtration System Market market.
Latest Market Insights:
In February 2021, Continental Hydraulics acquired Hydreco Inc. to become a single company capable of serving the industrial and mobile markets with high expertise and future vision. This merger of the company's North American operations jointly strengthens its presence in the United States and creates synergies for its distribution network.
In February 2022 The ROAM filter Plus features an intuitive bicycle pump design and uses industrial-grade ultrafiltration membranes that provide instant, high-quality drinking water. It can be powered by a gravity water supply or pipeline to provide safe drinking water on demand. This filter removes 99.9999% of bacteria and 99.99% of viruses and has a durable hollow fiber membrane structure.
What Can be Explored with the Portable Filtration System Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Portable Filtration System Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Portable Filtration System Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Portable Filtration System Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Portable Filtration System Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Portable Filtration System Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.