Vietnam Table Mounted Water Purifiers Market to Surpass USD 544.92 Million by 2030
Scarcity of safe and clean drinking water
coupled with growing focus towards health and wellness to drive Vietnam table
mounted water purifiers market through 2030
According to TechSci Research report, “Vietnam Table Mounted Water
Purifiers Market By
Price Segment (Low, Medium, High), By Technology (RO, UF, NF, UV and Others), By
Sales Channel (General Trade and Modern Trade), By Region (North Vietnam,
Central Vietnam and South Vietnam), Competition, Forecast & Opportunities, 2011
– 2030”, Vietnam table
mounted water purifiers market was valued USD 177.25 Million in 2019 and is
forecast to reach USD 544.92 Million by 2030, growing at a CAGR of 11.58%
during the forecast period. In past few years, people have become quite
concerned about their health and hygiene. Owing to increasing health risks due
to the consumption of contaminated water, awareness among people about the
health benefits of clean and safe bottled water is growing in Vietnam. Water
purifier demand is experiencing high year-on-year growth rate of approximately
10-12% in the country. Moreover, young population is becoming more inclined
towards clean & safe water, owing to its health benefits. With growing
health awareness, water purifier business is expected to bloom in Vietnam in the
coming years.
Government of
Vietnam in collaboration with water purifier companies are encouraging seminars
and exhibitions to promote awareness about clean and safe drinking water. For
instance, 10th edition of Vietwater
exhibition organized by UBM Asia during November 6-8, 2019 was mainly intended
to boost awareness towards the consumption of clean and safe water in the
country.
Browse 30 market data Figures and
Tables spread through 77 Pages and an in-depth TOC on "Vietnam Table Mounted Water
Purifiers Market"
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Vietnam table mounted water purifiers market can be segregated based on
price segment, technology, sales channel and region. RO, UF and media are the
key technologies used for water purification in Vietnam. In 2019, RO technology
accounted for the largest share in Vietnam due to its property of effectively
removing impurities, germs and dissolved salts from water. Additionally, the
TDS levels in Vietnam are high, which makes end users to procure RO water
purifiers as they give better results as compared to other available
technologies.
Some of the major players operating in Vietnam table mounted water
purifiers market are Karofi Group Joint Stock Company, The Kangaroo Group,
SUNHOUSE Vietnam Co., Ltd., A.O. Smith Vietnam Company Limited, Carpa Vietnam
Trade Joint Stock Company(Coway), Unilever Vietnam International Company
Limited, Water Supply and Sewerage Technology Development Joint Stock Company
(HTECH), 3M Vietnam Co., Ltd, Best Water Technology, and DuPont Vietnam Limited,
among others.
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“Northern
region contributes to more than half of demand in Vietnam water purifier market
and is expected to continue dominating the country during the forecast period.
Northern region in Vietnam comprises of 25 provinces including cities such as
Hanoi, and the region has seen significant development in the past five to 10
years. Furthermore, majority of water purifier companies
operating in the country are importing water purifier systems from Asian
markets, especially China. The outbreak of COVID-19 pandemic in China
accelerated the shift of companies from China towards South East Asian nations.
The proximity of this region to China is particularly suitable for companies
that want to move manufacturing operations to Vietnam amidst COVID-19 pandemic.”,
said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Vietnam Table Mounted Water Purifiers Market By Price Segment (Low,
Medium, High), By Technology (RO, UF, NF, UV and Others), By Sales Channel
(General Trade and Modern Trade), By Region (North Vietnam, Central Vietnam and
South Vietnam), Competition, Forecast
& Opportunities, 2011 – 2030” has evaluated the future
growth potential of Vietnam table mounted water purifiers market and provides
statistics and information on market structure, size, share and trends. The
report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in Vietnam table mounted water purifiers market.
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