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: | Reverse Osmosis (RO)Ultraviolet (UV)Ultrafilters (UF)HybridOthers |
| By Application: | ResidentialCommercial and IndustrialWorkplacesEducational InstitutesMedical FacilitiesManufacturing FacilitiesOthers |
| By Distribution Channel: | Direct SalesRetail StoresOnlineOthers |
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Water Purifier Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Water Purifier Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. South Korea Water Purifier Market Size, Share and Forecast, By Technology, 2027-2033
7.3. Reverse Osmosis (RO)
7.4. Ultraviolet (UV)
7.5. Ultrafilters (UF)
7.6. Hybrid
7.7. 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, 2020-2026
8.2. South Korea Water Purifier Market Size, Share and Forecast, By Application, 2027-2033
8.3. Residential
8.4. Commercial and Industrial
8.4.1. Workplaces
8.4.2. Educational Institutes
8.4.3. Medical Facilities
8.4.4. Manufacturing Facilities
8.4.5. 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, 2020-2026
9.2. South Korea Water Purifier Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Direct Sales
9.4. Retail Stores
9.5. Online
9.6. 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 Region
11.4. Western Region
11.5. Southern Region
11.6. Northern Region
12. Company Profile
12.1. Pure Aqua, Inc
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CUCKOO ELECTRONICS CO., LTD
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Coway Co., Ltd
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. PICOGRAM CO. LTD
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Kyowon Property Wells Corp
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. WACO Corp
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SK Magic Co., Ltd
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Chungho Nais Co., Ltd
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Amway Korea Co., Ltd
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. LG Electronics Co., Ltd
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links