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:
|
By Technology:
|
RO Water Purifiers
UV Water Purifiers
Gravity-based Water Purifiers
Sediment Filters
|
|
By Sales Channel:
|
Distributor
Direct
Retail
Wholesale
|
|
By End User:
|
Residential
Commercial
Industrial
|
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 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 Vietnam 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. Vietnam Water Purifier Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. Vietnam Water Purifier Market Size, Share and Forecast, By Technology, 2027-2033
7.3. RO Water Purifiers
7.4. UV Water Purifiers
7.5. Gravity-based Water Purifiers
7.6. 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, 2020-2026
8.2. Vietnam Water Purifier Market Size, Share and Forecast, By Sales Channel, 2027-2033
8.3. Distributor
8.4. Direct
8.5. Retail
8.6. Wholesale
8.7. 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, 2020-2026
9.2. Vietnam Water Purifier Market Size, Share and Forecast, By End User, 2027-2033
9.3. Residential
9.4. Commercial
9.5. 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 Vietnam
11.4. South Vietnam
11.5. East Vietnam
11.6. West Vietnam
12. Company Profile
12.1. Kent RO System Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. A. O Smith Corporation (Aquasana Inc)
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Panasonic Vietnam
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Eureka Forbes Limited
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. LG Electronics
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Easywell Water Systems, Inc
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Unilever Plc
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Aquatech International LLC
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. GE Appliances
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Pentair Vietnam
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Others
14 Conclusion
15 List of Abbreviations
16 Reference Links