The media-based water filter market is expected to grow at a significant rate due to the increasing awareness about water pollution and the need for clean and safe drinking water. The market is driven by the increasing demand for clean water, especially in developing countries, and the growing awareness about water-borne diseases. In terms of product type, the market can be segmented into activated carbon filters, sand filters, and multimedia filters. Activated carbon filters are expected to dominate the market due to their ability to remove chlorine, chloramines, and other volatile organic compounds.
Water Storage Systems Market is projected to reach USD 25.1 billion by 2027 Globally, at a CAGR of 8.7%, says MarketsandMarkets™
The global Water Storage Systems Market size is projected to grow from USD 16.5 billion in 2022 to USD 25.1 billion by 2027, at a CAGR of 8.7%, as per the recent study by MarketsandMarkets™. The increasing demand for water storage systems from end uses, such as residential, commercial, industrial, and municipal, drives the market. Demand for water tanks is encouraged by many companies to formulate different developmental strategies in the water storage systems market to expand their footprint in the market. The companies have adopted various strategies, such as investment & expansion, merger & acquisition, new product launches, and joint ventures to increase their global presence and maintain sustained growth in the water storage systems market.