Malaysia Water Purifier Market to Grow with a CAGR of 11.54% through 2028
Increasing
concerns about water quality and a rising awareness of health-related issues
associated with contaminated water are the leading factors driving the growth
of the Malaysia water purifier market.
According to
TechSci Research report, “Malaysia Water Purifier Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the Malaysia
Water Purifier Market stood at USD433.11 Million in 2022 and is anticipated
to grow with a CAGR of 11.54% in the forecast period, 2024-2028. Growing
preference for rental water purifier services in the commercial sector owing to
affordable prices is positively influencing the water purifier market in
Malaysia. Moreover, most Malaysian water purifier companies do not provide
filter management services, so consumers need to replace filters on their own,
whereas rental services offer regular filter management services.
The growth of
the Malaysia water purifier market has been remarkable in recent years, driven
by various factors such as increasing health awareness, environmental concerns,
urbanization, and government initiatives. The
growing emphasis on health and well-being has been a significant driver of the water
purifier market in Malaysia. Consumers are increasingly aware of the potential
health risks associated with drinking untreated tap water.
Browse over 32 market
data Figures spread through 105 Pages and an in-depth TOC on "Malaysia
Water Purifier Market”
Environmental
sustainability has become a critical factor driving the adoption of water
purifiers in Malaysia. The environmental impact of plastic bottled water,
including pollution and waste, has raised awareness about the need for
eco-friendly alternatives. Water purifiers provide a sustainable solution, as
they eliminate the need for single-use plastic bottles. This aligns with the
global trend of reducing plastic waste and contributes to the market's growth.
Malaysia's urban
population has been steadily increasing, with more people living in cities and
urban areas. Urbanization brings with it challenges related to water quality,
as industrial activities and aging infrastructure can affect the purity of tap
water. Urban dwellers are more likely to invest in water purification systems
to safeguard their health and address water quality concerns. The concentration
of potential customers in urban areas has further fueled market growth.
The Malaysian
government has played a significant role in promoting clean and safe drinking
water. Government initiatives include awareness campaigns, educational
programs, and regulations that set standards for water quality. These efforts
have not only raised public awareness but have also instilled confidence in water
purifiers as a reliable means of ensuring clean water. Government support has
been instrumental in shaping the market's growth trajectory.
The water
purifier market in Malaysia has witnessed continuous technological
advancements. Manufacturers are constantly innovating to provide consumers with
more efficient and convenient water purification solutions. Smart water
purifiers, equipped with mobile app integration for real-time monitoring of
water quality, have gained popularity. Advanced filtration technologies, such
as reverse osmosis and UV purification, have become standard features in many
water purifiers, enhancing their effectiveness and appeal to consumers.
Manufacturers in
Malaysia have diversified their product offerings to cater to a wide range of consumer
needs and preferences. Consumers can choose from various types of water
purifiers, including countertop, under-sink, and portable models. They can also
select purification technologies that address specific water quality concerns,
such as chlorine removal or heavy metal filtration. This diversification and
customization have made water purifiers more accessible and appealing to a
broader consumer base.
Consumer
education and awareness campaigns have played a crucial role in driving market
growth. These campaigns have focused on informing the public about the benefits
of water purification and the potential risks associated with untreated tap
water. Increased knowledge has empowered consumers to make informed decisions
and invest in water purifiers for their households.
Malaysia Water
Purifier market is segmented into type, sales channel, end user and region.
Based on types,
the Malaysia water purifiers market are segmented into counter top, under sink,
faucet mount & others. Among which the countertop water purifier market is
experiencing growth in the Malaysia water purifier market with market share of
38.42% in 2022. Countertop water purifiers are compact and designed to sit on
kitchen countertops, making them a space-efficient choice for consumers,
especially those with limited kitchen space. This convenience appeals to urban
dwellers in Malaysia who often have smaller kitchens.
Based on region,
West Malaysia is the leading the market share with 76.14% in 2022. The west
region of Malaysia includes major urban centers like Kuala Lumpur, Selangor,
and Penang. These areas have higher population densities, greater urbanization,
and larger middle-class populations compared to other regions.
Major companies
operating in Malaysia Water Purifier market are:
- Coway (Malaysia) Sdn. Bhd.
- CUCKOO International (MAL) Sdn. Bhd
- Aqua Kent RO Malaysia
- Panasonic Malaysia Sdn. Bhd.
- 3M Malaysia Sdn. Bhd.
- NEP Holdings (Malaysia) Berhad
- Amway (Malaysia) Sdn. Bhd
- PureGen Water Sdn. Bhd.
- Nikom Global Marketing (M) Sdn. Bhd.
- Biopure Malaysia (Elken Global Sdn Bhd.)
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“The
Malaysia water purifier market has experienced robust growth due to increasing
health consciousness, environmental awareness, and urbanization. Consumers'
rising concerns about water quality and the negative environmental impact of
plastic bottled water have driven the adoption of water purifiers. Government
initiatives, technological advancements, and market diversification have
further propelled this growth. With a focus on clean and safe drinking water,
the market is expected to continue expanding as consumers prioritize their
health and environmental responsibility.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Malaysia Water Purifier
Market By Type (Counter Top, Under Sink, Faucet Mount & Others (Floor
Standing, Pitchers, etc.)), By Sales Channel (Retail, Distributor, Direct,
E-Commerce, Others (Plumber, Contractor, etc.)), By End User (Residential,
Commercial), By Region, By Competition Forecast & Opportunities, 2018-2028F, has
evaluated the future growth potential of Malaysia 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 make 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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