Vietnam Water Purifiers Market to Grow with a CAGR of 9.19% through 2028
Vietnam water purifiers market is experiencing
significant growth due to increasing awareness of water quality, rising
affluence and urbanization, and government initiatives and regulation.
According to TechSci Research report, “Vietnam Water
Purifiers Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Vietnam Water Purifiers Market stood at USD
551.53 million in 2022 and is anticipated to grow with a CAGR of 9.19% in the
forecast period, 2024-2028. The Vietnam water purifiers market has witnessed
remarkable growth and transformation in recent years, reflecting the rising
awareness of water quality issues, changing lifestyles, and the increasing
urbanization and industrialization of the country.
One of the primary drivers of the market's growth is
the growing awareness among Vietnamese consumers about water quality issues.
Rapid industrialization, agricultural activities, and urbanization have led to
water pollution in many parts of the country. As a result, access to clean and
safe drinking water has become a major concern for both urban and rural
residents. This heightened awareness has prompted an increasing number of
households and businesses to invest in water purification solutions.
Urbanization in Vietnam has also played a pivotal role
in the expansion of the water purifiers market. As more people migrate from
rural to urban areas in search of better economic opportunities, the demand for
reliable sources of clean water in cities has surged. Apartment complexes,
high-rise buildings, and urban homes are increasingly equipped with water
purifiers as consumers seek to ensure the health and well-being of their
families.
The tourism sector has further contributed to market
growth. Vietnam is a popular tourist destination, attracting millions of
visitors annually. The hospitality industry recognizes the importance of
offering guests safe and purified drinking water. Hotels, resorts, and
restaurants often invest in commercial water purification systems to meet the
demands of both domestic and international tourists.
Consumers are increasingly looking for water purifiers
equipped with advanced filtration technologies such as reverse osmosis (RO), UV
sterilization, and multi-stage filtration. These technologies provide effective
removal of contaminants and ensure the safety of drinking water.
The integration of smart technology in water purifiers
is gaining momentum. Smart features, including real-time water quality
monitoring, filter replacement alerts, and remote control via smartphone apps,
are becoming more common, offering convenience and peace of mind to consumers.
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Water purifier manufacturers are offering modular
systems that allow consumers to customize their purification setups based on
their specific needs. This flexibility appeals to consumers seeking tailored
solutions for their homes.
Environmental consciousness is growing in Vietnam.
Water purifier manufacturers are responding by developing eco-friendly products
with reduced water wastage and energy-efficient operation.
The COVID-19 pandemic has amplified concerns about
hygiene and health. Water purifiers with additional features such as cold and
hot water dispensing and touchless operation are gaining popularity.
Despite its growth, the Vietnam water purifiers market
faces challenges such as price sensitivity among consumers, competition among
numerous brands, and concerns about counterfeit products. Additionally,
achieving universal access to clean water in rural areas remains a challenge,
requiring innovative and affordable solutions.
However, these challenges also present opportunities
for market players. Manufacturers can differentiate themselves by offering
affordable yet effective water purification solutions tailored to the diverse
needs of Vietnamese consumers. Partnerships with government initiatives to
improve water quality and expand access to clean water in rural areas can be
mutually beneficial.
Vietnam Water Purifiers market is segmented into technology,
application, sales channel, and region.
Based on technology, the market is segmented into RO,
UF, nanofiltration, others (activated carbon, sediment, etc.). Among these, RO has
a significant share of the Vietnam water purifiers market. RO technology is
highly efficient in removing various impurities from water, including heavy
metals, dissolved solids, bacteria, viruses, and chemical pollutants. As
concerns about water quality and safety have grown in Vietnam, consumers have
turned to RO purifiers as a reliable solution to address these issues.
Based on region, the market is segmented into
northern, southern, and central. Among these, northern has a significant
share of the Vietnam water purifiers market. The Northern Region is one of the
most densely populated areas of Vietnam, with a significant concentration of
urban centers and residential areas. The high population density has led to
increased demand for water purification solutions, driven by the need for clean
and safe drinking water. Urban households, in particular, have shown a strong
preference for water purifiers.
Major companies operating in Vietnam Water Purifiers market
are:
- Kangaroo Vietnam
- Coway Vietnam
- Karofi Vietnam Joint Stock Company
- Unilever Vietnam International Company
Limited
- SUNHOUSE Vietnam Co., Ltd.
- Best Water Technology
- A.O. Smith Vietnam
- Miyota Vietnam Co., Ltd
- Htech Vietnam Ltd.
- 3M Vietnam Ltd.
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“The future of
the Vietnam water purifiers market appears promising. The country's sustained
economic growth, urbanization, and increasing awareness of water quality issues
are expected to drive continued demand for water purification solutions. As
consumer preferences continue to evolve, manufacturers that can adapt to these
changes and offer innovative, efficient, and accessible water purifiers are
likely to thrive in this dynamic market. With an expanding middle class and
growing concerns about water pollution, the Vietnam water purifiers market is
poised for further growth in the years to come.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Vietnam Water Purifiers Market By Technology (RO,
UF, Nanofiltration, Others (Activated Carbon, Sediment, etc.)), By Application
(Residential, Commercial, Industrial), By Sales Channel (Retail, Direct,
E-commerce), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated
the future growth potential of Vietnam water purifiers market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers make sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Vietnam water purifiers market.
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