South Korea Water Purifier Market Trends, Share, Size, Demand, Revenue and Future Outlook
South Korea Water Purifier Market Growth, Size, Trends Analysis- By Technology, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2024 | Report ID: FMCG24216 | Pages: 1 - 108 | Formats*: |
| Category : Consumer & Retail | |||
South Korea Water Purifier Market Introduction and Overview
According to SPER Market Research, the South Korea Water Purifier Market is estimated to reach USD 3.28 billion by 2033 with a CAGR of 5.5%.
The report includes an in-depth analysis of the South Korea Water Purifier Market, including market size and trends, product mix, Applications, and supplier analysis. Water purifiers remove pollutants and sediments from water, kill or eliminate biological contaminants such as germs like bacteria and viruses, and remove minerals to improve the taste and smell of water. They also make water safer for drinking and other uses like cooking, bathing, and washing. Water purifiers are broadly classified into two types: point-of-entry or whole-house filter systems and point-of-use systems. Point-of-entry systems are purifiers installed at the point when water enters a building. Point-of-use systems refer to purifiers that are installed at the point where water is consumed. Installing both point-of-entry and point-of-use filtration systems provides comprehensive water purification, from softening to pathogen removal.
- In May 2023 - Cloud Water Filters announced the launch of Cloud RO, its flagship product, an under-sink reverse osmosis water filter that allows consumers to check water usage and quality via the Cloud app. Reverse osmosis filtration can be replaced by Cloud RO, the company's flagship product. Cloud uses cutting-edge technology to improve filtering performance by regulating flow and pressure within the system. Smart sensors monitor water quality and report back to the consumer via a cloud app. Cloud provides clients with visibility into their usage trends, filter health, and water quality.
- In August 2022 - LG Electronics debuted their latest water purifier system, the PuriCare Self-Service Tankless Water Purifier, in Malaysia. The newly announced system has user-replaceable filters.
Market Opportunities and Challenges
Opportunities:
Rising demand for clean and safe water fuels market growth - Consumer health awareness has increased significantly, resulting in a greater emphasis on the quality of drinking water. As a result, the number of people using water filtration devices has increased. Water purifiers have become must-have home gadgets as people become more concerned about toxins like heavy metals, germs, and industrial chemicals in their tap water. Manufacturers are reacting to this need by introducing products featuring Reverse Osmosis, Ultraviolet (UV) sterilization, and multi-stage filtering systems that provide safe drinking water. Furthermore, as people moved from rural to urban regions, they switched from manual to modern systems, prioritizing health and hygiene above existing difficulties and preferring water purifiers to acquire clean drinking water.
Challenges: Concerns about water quality and the need for clean drinking water have led to a widespread use of water purifiers in South Korea. However, complicated filtering systems with several parts, including filters, membranes, and UV lamps, are frequently seen in water purifiers. It needs technical expertise to maintain these intricate systems. Frequent maintenance is therefore a significant obstacle for the water purifier business in South Korea. Additionally, maintaining the effectiveness of water purifiers requires routine filter changes. The lifespans of various filter types vary, and they must be replaced on a regular basis. Regularly buying and installing new filters could be bothersome for consumers, or they might find it difficult to adhere to filter replacement schedules.
Market Competitive Landscape
The report provides an appropriate analysis of the key organizations/companies involved in the South Korean water purifiers market, as well as a comparative evaluation based on their product offering, business overviews, geographical presence, enterprise strategies, segment market share, and SWOT analysis. Key market players are Pure Aqua, Inc, CUCKOO ELECTRONICS CO., LTD, Coway Co., Ltd, PICOGRAM CO. LTD (PUREAL), Kyowon Property Wells Corp. (Wells), WACO Corp, SK Magic Co., Ltd, Chungho Nais Co., Ltd, Amway Korea Co., Ltd, LG Electronics Co., Ltd.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Application, By Distribution Channel |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Pure Aqua, Inc, CUCKOO ELECTRONICS CO., LTD, Coway Co., Ltd, PICOGRAM CO. LTD (PUREAL), Kyowon Property Wells Corp. (Wells), WACO Corp, SK Magic Co., Ltd, Chungho Nais Co., Ltd, Amway Korea Co., Ltd, LG Electronics Co., Ltd. |
By Technology Insights:
The RO segment would have the biggest market share over the projection period. The water purifiers market in South Korea is divided into three technology segments: UV, RO, and hybrid. Among them, the RO segment dominates the market, accounting for the majority of it over the projection period. RO water purifiers have great performance efficiency, low electricity consumption, and are regularly updated with new technology. The market growth in the RO sector is being driven by the use of RO water purifiers due to their efficiency and low cost.
COVID-19 Impact on South Korea Water Purifier Market
The COVID-19 pandemic has had a tremendous impact on the water purifier market. During the pandemic, there was a greater emphasis on hygiene and sanitation, which contributed to an increase in demand for water purification devices. Consumers are increasingly concerned about the safety of their drinking water, and many are investing in water filters as a precaution. The pandemic has also hastened the use of internet purchase channels, with customers choosing to buy water purifiers from the comfort of their own homes. Manufacturers have responded by increasing their online presence and boosting their distribution networks to suit the growing demand.
Key Target Audience:
- Urban Households
- Rural Households
- Health-Conscious Individuals
- Offices and Workspaces
- Restaurants and Cafes
- Hotels and Hospitality Chains
- Educational Institutions
- Pharmaceutical and Healthcare Facilities
- Food & Beverage Manufacturers
- Electronics Manufacturers
- Public Water Stations
- Military Bases and Government Facilities
- Environmentally Conscious Individuals and Organizations
- Gyms and Fitness Studios
Our in-depth analysis of the South Korea Water Purifier Market includes the following segments:
| By Technology: | |
| By Application: | |
| By Distribution Channel: |
Key Topics Covered in the Report:
- South Korea Water Purifier Market Size (FY’2024-FY’2033)
- Overview of South Korea Water Purifier Market
- Segmentation of South Korea Water Purifier Market By Technology (Reverse Osmosis, Ultraviolet, Ultrafilters, Hybrid, Others)
- Segmentation of South Korea Water Purifier Market By Application (Residential, Commercial and Industrial)
- Segmentation of South Korea Water Purifier Market By Distribution Channel (Direct Sales, Retail Stores, Online, Others)
- Statistical Snap of South Korea Water Purifier Market
- Expansion Analysis of South Korea Water Purifier Market
- Problems and Obstacles in South Korea Water Purifier Market
- Competitive Landscape in the South Korea Water Purifier Market
- Impact of COVID-19 and Demonetization on South Korea Water Purifier Market
- Details on Current Investment in South Korea Water Purifier Market
- Competitive Analysis of South Korea Water Purifier Market
- Prominent Players in the South Korea Water Purifier Market
- SWOT Analysis of South Korea Water Purifier Market
- South Korea Water Purifier Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the South Korea Water Purifier Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Water Purifier Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Water Purifier Market
7. South Korea Water Purifier Market, By Technology (USD Million) 2020-2033
7.1. South Korea Water Purifier Market Size, Share and Forecast, By Technology, 2020-20267.2. South Korea Water Purifier Market Size, Share and Forecast, By Technology, 2027-20337.3. Reverse Osmosis (RO)7.4. Ultraviolet (UV)7.5. Ultrafilters (UF)7.6. Hybrid7.7. Others
8. South Korea Water Purifier Market, By Application (USD Million) 2020-2033
8.1. South Korea Water Purifier Market Size, Share and Forecast, By Application, 2020-20268.2. South Korea Water Purifier Market Size, Share and Forecast, By Application, 2027-20338.3. Residential8.4. Commercial and Industrial8.4.1. Workplaces8.4.2. Educational Institutes8.4.3. Medical Facilities8.4.4. Manufacturing Facilities8.4.5. Others
9. South Korea Water Purifier Market, By Distribution Channel (USD Million) 2020-2033
9.1. South Korea Water Purifier Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. South Korea Water Purifier Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Direct Sales9.4. Retail Stores9.5. Online9.6. Others
10. South Korea Water Purifier Market Forecast, 2020-2033 (USD Million)
10.1. South Korea Water Purifier Market Size and Market Share
11. South Korea Water Purifier Market, By Region, 2020-2033 (USD Million)
11.1. South Korea Water Purifier Market Size and Market Share By Region (2020-2026)11.2. South Korea Water Purifier Market Size and Market Share By Region (2027-2033)11.3. Eastern Region11.4. Western Region11.5. Southern Region11.6. Northern Region
12. Company Profile
12.1. Pure Aqua, Inc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. CUCKOO ELECTRONICS CO., LTD12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Coway Co., Ltd12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. PICOGRAM CO. LTD12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Kyowon Property Wells Corp12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. WACO Corp12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. SK Magic Co., Ltd12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Chungho Nais Co., Ltd12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Amway Korea Co., Ltd12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. LG Electronics Co., Ltd12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
South Korea Water Purifier Market is projected to reach USD 3.28 billion by 2033, growing at a CAGR of 5.5% during the forecast period.
South Korea Water Purifier Market grew in Market size from 2024. The Market is expected to reach USD 3.28 billion by 2033, at a CAGR of 5.5% during the forecast period.
South Korea Water Purifier Market CAGR of 5.5% during the forecast period.
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South Korea Water Purifier Market size is USD 3.28 billion from 2024 to 2033.
South Korea Water Purifier Market is covered By Technology, By Application and By Distribution Channel
The Asia Pacific is anticipated to have the highest Market share in the South Korea Water Purifier Market.
The Key players in the Market include Companies Covered Pure Aqua, Inc, CUCKOO ELECTRONICS CO., LTD, Coway Co., Ltd, PICOGRAM CO. LTD (PUREAL), Kyowon Property Wells Corp. (Wells), WACO Corp, SK Magic Co., Ltd, Chungho Nais Co., Ltd, Amway Korea Co., Ltd, LG Electronics Co., Ltd.
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