Malaysia Water Purifier Market to be Worth $ 664 Million by 2025
According
to TechSci Research report, “Malaysia Water Purifiers Market By Mode, By Type, By Technology, By Region, Competition, Forecast &
Opportunities, 2025”, Malaysia water purifiersmarket is projected
to grow at a CAGR of more than 10% to reach around $ 664 million by 2025.
Growth in the market is anticipated on account of growing concern towards
quality of tap water due to ageing of water supply infrastructure across the
country. Further, rising disposable income, growing awareness pertaining to
safe drinking water and increasing incidences of water borne diseases is significantly
boosting demand for water purifiers in Malaysia. Launch of comprehensive water purification
service campaigns are also likely to further augment water purifier sales in the
country over the next five years.
Rapid urbanization and growing population are boosting
water consumption, besides increasing the water pollution levels in the
country. This is creating a huge a requirement for water purifiers in Malaysia.
Also, growing preference for rental water purifier services in commercial
sector because of affordable prices is positively influencing the water purifiers
market. The other reason behind the growth of rental water purifier services is
that most Malaysian water purifier companies do not provide filter management
services, so consumers need to replace filters on their own, whereas rental
services providers offer regular filter management services. This has widely
supported the water purifiers growth across the country over the last few years.
The Malaysian government is also taking initiatives to educate the people about
side effects of contaminated water. This has been further boosting the water
purifier market in the country.
However, the country’s water purifier market does have
some restrains as well. People opting for packaged drinking water may increase
the demand for packaged drinking water which in turn, may hamper the growth of water
purifier market. In addition, low demand from rural areas of the country owing
to lack of awareness towards water contamination and the health hazards
associated with it also acts as a major barrier for the market growth. Poor
after sales services coupled with most of the companies not offering filter
replacement services on purchasing the water purifiers also puts negative
impact on the growth of water purifier market.
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The Malaysia
water purifier market is segmented based on mode, type, technology, competition
and region. Based on mode, the market is segmented into POU and POE. POE
systems are installed at the main water line where water first enters the home.
Whereas, POU systems are installed at a single water connection typically under
the counter of a kitchen or bathroom sink. Among the two, the POU segment
dominates the market with share of over 80% in 2019.
Major players operating in Malaysia
water purifiers market are Coway (Malaysia) Sdn. Bhd.,
Cuckoo International (MAL) Sdn Bhd, Aqua Kent RO Malaysia, NEP Holdings
(Malaysia) Berhad, 3M Malaysia Sdn. Bhd., Amway (Malaysia) Sdn. Bhd., Panasonic
Malaysia Sdn. Bhd., PureGen Technology Sdn Bhd, Nikom Global Marketing (M) Sdn.
Bhd. and Xiaomi Malaysia. Coway held the dominant market share in 2019. The
company is based in Korea and is involved in providing rental services. Most of
the water purifier companies are importing their products from China, Korea,
Japan, Singapore, etc.
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“The water purifiers market is highly competitive in
Malaysia owing to presence of domestic as well as international players. Major market players are continuously focusing on expanding
their presence and growing inorganically by following strategic models such as
merger & acquisitions. They are also investing in research and development
activities to cater the customized requirements of consumers. The market is
also witnessing higher focus by market players on domestic manufacturing of
water purifiers and its components. An example of it would be Cuckoo International which announced
plans in 2018 to set up a factory in Malaysia for developing water purifiers.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Malaysia Water Purifiers Market By Mode, By Type,
By Technology, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of water
purifier 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 take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Malaysia water purifier market.
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