Vietnam Water Purifier Market Growth, Size, Share, Trends, Revenue, Demand, Future Outlook
Vietnam Water Purifier Market Size - By Technology, By Sales Channel, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: POAE2463 | Pages: 1 - 108 | Formats*: |
| Category : Power & Energy | |||
Vietnam Water Purifier Market Introduction and Overview
According to SPER Market Research, the Vietnam Water Purifier Market is estimated to reach USD 369.08 million by 2033 with a CAGR of 9.76%.
The report includes an in-depth analysis of the Vietnam Water Purifier Market, including market size and trends, product mix, applications, and supplier analysis. A water purifier is a device or system that removes pollutants, toxins, and other dangerous elements from water, rendering it safe for consumption or other use. Bacteria, viruses, parasites, chemicals, heavy metals, and other contaminants can all have an impact on water's taste, odour, and quality. Water purifiers employ a variety of processes to purify and make water safe for human use, including filtration, distillation, reverse osmosis, and UV radiation. Water purifiers resemble water filters. Water purifiers, unlike water filters, may eliminate germs and bacteria from the water. In addition to biological pollutants, these devices filter out undesired compounds, suspended solids, and gas particles from water.
- In August 2022, Coway held a press conference at the New World Saigon Hotel to promote the "New Trend of Purifiers for Comfortable Homes" product, unveiling a new line of water and air purifiers.
- In June 2022, the Karofi brand introduced a smart water purifier with voice control. This water purifier is the first of its kind in Vietnam to respond quickly to all directions and "hear" human voices. Make a name for yourself in the smart home appliances and water filtration industries. The maker has also integrated an obstacle sensor feature, which is especially safe for little children and recognises actual people standing 1m or taller.
Market Opportunities and Challenges
Opportunities- Increasing Innovation in Filter Technologies to Generate New Opportunities - Growing worries about new pollutants and waterborne diseases have prompted study and innovation in filter technology, culminating in the introduction of novel filtering methods such as nanofiltration, membrane distillation, and electrochemical filtration. Furthermore, advances in material science and engineering are enabling the development of highly efficient and specialised water purifiers capable of removing a wide range of contaminants, including microplastics, heavy metals, and pharmaceuticals, increasing consumer adoption. With the widespread availability of technologically advanced and novel water purifiers, customer interest in this technology is fast increasing. As a result, manufacturers like Kent and Pureit are launching new products to meet a variety of needs. As a result, advancing filtering technologies have the potential to greatly increase the effectiveness of water purifiers, resulting in more thorough contamination removal. This increased efficacy appeals to consumers who are becoming more concerned about water quality and actively seeking effective purification solutions, resulting in potential in the Vietnam Water Purifier Market.
Challenges- High maintenance costs associated with water filters will restrain market growth - To ensure the cleanliness, safety, and purity of drinking water, filters frequently require replacement and maintenance services, which adds to the purifier's overall maintenance cost. Furthermore, the intricacy of some filtering systems, like as reverse osmosis or multi-stage filters, necessitates specialised servicing and technical maintenance, which increases expenses. Vietnam, being a growing nation, has a low proportion of the higher discretionary income population; thus, aftermarket services may provide a significant obstacle to middle-class water purifier adoption. Furthermore, variations in water quality and consumption patterns alter filter longevity, resulting in unpredictable maintenance costs for customers and making them sceptical of the use of water purifiers.
Market Competitive Landscape
The Vietnam water purifier market is characterised by numerous regional and Vietnamese suppliers. The prominent players participating in the Vietnam water purifier industry are Kent RO System Ltd, A. O Smith Corporation (Aquasana Inc.), Panasonic Vietnam, Eureka Forbes Limited, LG Electronics, Easywell Water Systems, Inc., Unilever Plc, Aquatech International LLC, GE Appliances, Pentair Vietnam.
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 Sales Channel, By End User |
| Regions covered | North Vietnam, South Vietnam, East Vietnam, West Vietnam |
| Companies Covered | Kent RO System Ltd, A. O Smith Corporation (Aquasana Inc.), Panasonic Vietnam, Eureka Forbes Limited, LG Electronics, Easywell Water Systems, Inc, Unilever Plc, Aquatech International LLC, GE Appliances, Pentair Vietnam. |
COVID-19 Impact on Vietnam Water Purifier Market
The COVID-19 epidemic had a huge impact on Vietnam's water purification market. While the pandemic had a detrimental influence on many businesses, the demand for water purifiers surged as people became more conscious of the necessity of clean and safe drinking water. The pandemic had a significant impact on the Vietnamese water purifier market, particularly the surge in demand for home-based water purifying devices. As individuals spent more time at home and were more health concerned, the market for household water purifiers grew dramatically. Concerns over the safety of tap water also drove up demand for water purifiers in Vietnamese households.
Key Target Audience:
- Urban Households
- Rural Communities
- Commercial Establishments
- Educational Institutions
- Healthcare Facilities
- Industrial Sector
- Retailers and Distributors
- Expats and International Residents
Our in-depth analysis of the Vietnam Water Purifier Market includes the following segments:
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| By Sales Channel: |
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| By End User: |
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Key Topics Covered in the Report:
- Vietnam Water Purifier Market Size (FY’2024-FY’2033)
- Overview of Vietnam Water Purifier Market
- Segmentation of Vietnam Water Purifier Market By Technology (RO Water Purifiers, UV Water Purifiers, Gravity-based Water Purifiers, Sediment Filters)
- Segmentation of Vietnam Water Purifier Market By Sales Channel (Distributor, Direct, Retail, Wholesale, Online)
- Segmentation of Vietnam Water Purifier Market By End User (Residential, Commercial, Industrial)
- Statistical Snap of Vietnam Water Purifier Market
- Expansion Analysis of Vietnam Water Purifier Market
- Problems and Obstacles in Vietnam Water Purifier Market
- Competitive Landscape in the Vietnam Water Purifier Market
- Impact of COVID-19 and Demonetization on Vietnam Water Purifier Market
- Details on Current Investment in Vietnam Water Purifier Market
- Competitive Analysis of Vietnam Water Purifier Market
- Prominent Players in the Vietnam Water Purifier Market
- SWOT Analysis of Vietnam Water Purifier Market
- Vietnam 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 Vietnam 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. Vietnam Water Purifier Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Water Purifier Market
7. Vietnam Water Purifier Market, By Technology (USD Million) 2020-2033
7.1. Vietnam Water Purifier Market Size, Share and Forecast, By Technology, 2020-20267.2. Vietnam Water Purifier Market Size, Share and Forecast, By Technology, 2027-20337.3. RO Water Purifiers7.4. UV Water Purifiers7.5. Gravity-based Water Purifiers7.6. Sediment Filters
8. Vietnam Water Purifier Market, By Sales Channel (USD Million) 2020-2033
8.1. Vietnam Water Purifier Market Size, Share and Forecast, By Sales Channel, 2020-20268.2. Vietnam Water Purifier Market Size, Share and Forecast, By Sales Channel, 2027-20338.3. Distributor8.4. Direct8.5. Retail8.6. Wholesale8.7. Online
9. Vietnam Water Purifier Market, By End User (USD Million) 2020-2033
9.1. Vietnam Water Purifier Market Size, Share and Forecast, By End User, 2020-20269.2. Vietnam Water Purifier Market Size, Share and Forecast, By End User, 2027-20339.3. Residential9.4. Commercial9.5. Industrial
10. Vietnam Water Purifier Market Forecast, 2020-2033 (USD Million)
10.1. Vietnam Water Purifier Market Size and Market Share
11. Vietnam Water Purifier Market, By Region, 2020-2033 (USD Million)
11.1. Vietnam Water Purifier Market Size and Market Share By Region (2020-2026)11.2. Vietnam Water Purifier Market Size and Market Share By Region (2027-2033)11.3. North Vietnam11.4. South Vietnam11.5. East Vietnam11.6. West Vietnam
12. Company Profile
12.1. Kent RO System Ltd12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. A. O Smith Corporation (Aquasana Inc)12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Panasonic Vietnam12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Eureka Forbes Limited12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. LG Electronics12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Easywell Water Systems, Inc12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Unilever Plc12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Aquatech International LLC12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. GE Appliances12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Pentair Vietnam13.10.1 Company details13.10.2 Financial outlook13.10.3 Product summary13.10.4 Recent developments13.11 Others
14 Conclusion
15 List of Abbreviations
16 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
Vietnam Water Purifier Market is projected to reach USD 369.08 million by 2033, growing at a CAGR of 9.76% during the forecast period.
Vietnam Water Purifier Market grew in market size from 2024. The Market is expected to reach USD 369.08 million by 2033, at a CAGR of 9.76% during the forecast period.
Vietnam Water Purifier Market CAGR of 9.76% during the forecast period.
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Vietnam Water Purifier Market size is USD 369.08 million from 2024 to 2033.
Vietnam Water Purifier Market Segment is Covered By Technology, By Sales Channel, By End User
The Asia Pacific region is anticipated to have the highest market share in Vietnam Water Purifier Market.
The key players in the market include Companies Covered Kent RO System Ltd, A. O Smith Corporation (Aquasana Inc.), Panasonic Vietnam, Eureka Forbes Limited, LG Electronics, Easywell Water Systems, Inc, Unilever Plc, Aquatech International LLC, GE Appliances, Pentair Vietnam.
Water purifiers employ a variety of processes to purify and make water safe for human use, including filtration, distillation, reverse osmosis, and UV radiation.
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