Press Release

Vietnam Water Purifiers Market to Grow with a CAGR of 9.19% through 2028

Vietnam water purifiers market is experiencing significant growth due to increasing awareness of water quality, rising affluence and urbanization, and government initiatives and regulation.

 

According to TechSci Research report, “Vietnam Water Purifiers Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Vietnam Water Purifiers Market stood at USD 551.53 million in 2022 and is anticipated to grow with a CAGR of 9.19% in the forecast period, 2024-2028. The Vietnam water purifiers market has witnessed remarkable growth and transformation in recent years, reflecting the rising awareness of water quality issues, changing lifestyles, and the increasing urbanization and industrialization of the country.

One of the primary drivers of the market's growth is the growing awareness among Vietnamese consumers about water quality issues. Rapid industrialization, agricultural activities, and urbanization have led to water pollution in many parts of the country. As a result, access to clean and safe drinking water has become a major concern for both urban and rural residents. This heightened awareness has prompted an increasing number of households and businesses to invest in water purification solutions.

Urbanization in Vietnam has also played a pivotal role in the expansion of the water purifiers market. As more people migrate from rural to urban areas in search of better economic opportunities, the demand for reliable sources of clean water in cities has surged. Apartment complexes, high-rise buildings, and urban homes are increasingly equipped with water purifiers as consumers seek to ensure the health and well-being of their families.

The tourism sector has further contributed to market growth. Vietnam is a popular tourist destination, attracting millions of visitors annually. The hospitality industry recognizes the importance of offering guests safe and purified drinking water. Hotels, resorts, and restaurants often invest in commercial water purification systems to meet the demands of both domestic and international tourists.

Consumers are increasingly looking for water purifiers equipped with advanced filtration technologies such as reverse osmosis (RO), UV sterilization, and multi-stage filtration. These technologies provide effective removal of contaminants and ensure the safety of drinking water.

The integration of smart technology in water purifiers is gaining momentum. Smart features, including real-time water quality monitoring, filter replacement alerts, and remote control via smartphone apps, are becoming more common, offering convenience and peace of mind to consumers.

 

Browse over XX market data Figures spread through 83 Pages and an in-depth TOC on "Vietnam Water Purifiers Market

 

Water purifier manufacturers are offering modular systems that allow consumers to customize their purification setups based on their specific needs. This flexibility appeals to consumers seeking tailored solutions for their homes.

Environmental consciousness is growing in Vietnam. Water purifier manufacturers are responding by developing eco-friendly products with reduced water wastage and energy-efficient operation.

The COVID-19 pandemic has amplified concerns about hygiene and health. Water purifiers with additional features such as cold and hot water dispensing and touchless operation are gaining popularity.

Despite its growth, the Vietnam water purifiers market faces challenges such as price sensitivity among consumers, competition among numerous brands, and concerns about counterfeit products. Additionally, achieving universal access to clean water in rural areas remains a challenge, requiring innovative and affordable solutions.

However, these challenges also present opportunities for market players. Manufacturers can differentiate themselves by offering affordable yet effective water purification solutions tailored to the diverse needs of Vietnamese consumers. Partnerships with government initiatives to improve water quality and expand access to clean water in rural areas can be mutually beneficial.

Vietnam Water Purifiers market is segmented into technology, application, sales channel, and region.

Based on technology, the market is segmented into RO, UF, nanofiltration, others (activated carbon, sediment, etc.). Among these, RO has a significant share of the Vietnam water purifiers market. RO technology is highly efficient in removing various impurities from water, including heavy metals, dissolved solids, bacteria, viruses, and chemical pollutants. As concerns about water quality and safety have grown in Vietnam, consumers have turned to RO purifiers as a reliable solution to address these issues.

Based on region, the market is segmented into northern, southern, and central. Among these, northern has a significant share of the Vietnam water purifiers market. The Northern Region is one of the most densely populated areas of Vietnam, with a significant concentration of urban centers and residential areas. The high population density has led to increased demand for water purification solutions, driven by the need for clean and safe drinking water. Urban households, in particular, have shown a strong preference for water purifiers.

 

Major companies operating in Vietnam Water Purifiers market are:

  • Kangaroo Vietnam
  • Coway Vietnam
  • Karofi Vietnam Joint Stock Company
  • Unilever Vietnam International Company Limited
  • SUNHOUSE Vietnam Co., Ltd.
  • Best Water Technology
  • A.O. Smith Vietnam
  • Miyota Vietnam Co., Ltd
  • Htech Vietnam Ltd.
  • 3M Vietnam Ltd.              

 

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 “The future of the Vietnam water purifiers market appears promising. The country's sustained economic growth, urbanization, and increasing awareness of water quality issues are expected to drive continued demand for water purification solutions. As consumer preferences continue to evolve, manufacturers that can adapt to these changes and offer innovative, efficient, and accessible water purifiers are likely to thrive in this dynamic market. With an expanding middle class and growing concerns about water pollution, the Vietnam water purifiers market is poised for further growth in the years to come.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Vietnam Water Purifiers Market By Technology (RO, UF, Nanofiltration, Others (Activated Carbon, Sediment, etc.)), By Application (Residential, Commercial, Industrial), By Sales Channel (Retail, Direct, E-commerce), By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of Vietnam water purifiers 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 Vietnam water purifiers market.

 

 

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