Latin America Home Water Filtration Unit Market Size & Outlook
Latin America home water filtration unit market, 2018-2030 (US$M)
Related Markets
Latin America home water filtration unit market highlights
- The Latin America home water filtration unit market generated a revenue of USD 749.8 million in 2022.
- The market is expected to grow at a CAGR of 10% from 2023 to 2030.
- In terms of segment, ro-based was the largest revenue generating product in 2022.
- RO-Based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 749.8 million |
| Market revenue in 2030 | USD 1,605.9 million |
| Growth rate | 10% (CAGR from 2022 to 2030) |
| Largest segment | Ro-based |
| Fastest growing segment | RO-Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RO-Based, UV-Based, Gravity Based |
| Key market players worldwide | Clorox Co, Panasonic Holdings Corp, Amway Malaysia Holdings, Eureka Forbes, Tata Chemicals, Kent RO Systems, HaloSource, Aquasana, GE Water & Process Technologies Inc. |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global home water filtration unit market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,405.3 million by 2030.
Ro-based was the largest segment with a revenue share of 37.49% in 2022. Horizon Databook has segmented the Latin America home water filtration unit market based on ro-based, uv-based, gravity based covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Global Water Partnership (GWP), about a third of renewable water resources are found in South America. In addition, Brazil, Peru, and Colombia are among the countries with the most water in the region.
According to Green Cross Argentina (GCA), 7% of the regional population, i.e., nearly 38 million people, do not have access to safe drinking water. Thus, in line with the following trends, consumers are increasingly investing in purification of water at home.
The region extracts its drinking water through various sources. For instance, in Peru, a significant portion of the country is desert land. Thus, people rely on cistern trucks, small wells, and water canals or rivers for water; this water is generally of poor quality.
Key Regions: U.S. , UK , Argentina , Canada , Mexico
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Home Water Filtration Unit Market Scope
Home Water Filtration Unit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America home water filtration unit market size, by country, 2018-2030 (US$M)
Latin America Home Water Filtration Unit Market Outlook Share, 2022 & 2030 (US$M)
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