Singapore Water Purifier Market to Register a CAGR of 11.64% During the Forecast Period
The Singapore Water Purifier Market is expanding due to the
introduction of new products and the increased popularity of multi-functional
water purifiers with features such as ice making and multiple stages of
filtration system.
According to TechSci
Research Report, “Singapore Water Purifier Market –By Region,
Competition Forecast & Opportunities, 2018-2028F,” the Singapore Water Purifier Market
is forecast to register an impressive CAGR of 11.64% in the forecast period due
to increasing demand for water purifiers with multi-functional features such as
ice-making feature, five-stage filtration system and four temperatures set-up.
The Singapore water purifier market is
driven by several key factors that contribute to its growth and development. o the
increasing awareness and concern among Singaporeans about the quality of tap
water have been a significant driver. Consumers are becoming more educated
about the potential presence of contaminants in tap water and the importance of
consuming safe and clean water for their health and well-being. This awareness
has fueled the demand for water purifiers as a reliable and convenient solution
to ensure the purity of drinking water.
However, the well-regulated water supply
in Singapore, while meeting high safety standards, still contains traces of chemical
disinfectants such as chlorine and sulfate. These chemicals are necessary for
water treatment but can impact the taste and odor of tap water. As a result,
individuals are increasingly turning to water purifiers to address these
concerns and enhance the overall quality of their drinking water.
Another factor driving the growth of the
water purifier market in Singapore is the growing consumer preference for
convenience and cost-effectiveness. Bottled water consumption is common in
Singapore, but it can be expensive and environmentally unfriendly. By using
water purifiers at home or in commercial settings, individuals can have a
continuous supply of clean water at a fraction of the cost of purchasing
bottled water. This convenience factor, coupled with the long-term cost
savings, makes water purifiers an attractive option for many consumers.
The Singapore water purifier market is
characterized by the presence of both local and international manufacturers and
suppliers. Established brands, as well as emerging players, compete in the market,
offering a diverse range of products with varying features and price points.
However, the key market players offer a wide range of water purification
technologies and products to cater to different consumer needs and preferences.
These include reverse osmosis (RO) systems, ultraviolet (UV) disinfection
units, ion exchange filters, combination of various filtration systems and
more. Each technology addresses specific contaminants and offers unique
advantages in terms of filtration efficiency, maintenance requirements, and enhances
the market growth.
Browse over 30
market data Figures and 2 Tables spread through 101 Pages and an in-depth TOC
on "Singapore Water Purifier Market”
The Singapore Water Purifier market is
segmented based on type, end use, sales channel, region and competitive
landscape.
Based on type the market is fragmented
into counter top, under sink, faucet mount and others (floor
standing, pitchers, etc.). Counter top segment dominates the water
purifier market in Singapore due to several reasons, including easy portability
and installation of counter top models, minimal maintenance requirement.. These
factors contribute to their popularity and make them accessible to a wide range
of consumers.
Based on the end use the market is divided
into residential and commercial. Residential is the category that dominates
among them, and this trend is expected to continue during the estimated period.
Moreover, residential buildings need significantly more water than commercial
facilities for everyday cooking, washing, and other activities.
Based on sales channel the market is
segmented into distributors, multi-branded stores/exclusive stores, online,
supermarkets/hypermarkets, others (plumbers & direct sales, etc.). Among
the other segments, online sales have gained significant popularity as
consumers increasingly prefer the convenience of online shopping.
On the basis of region, the market is
divided into central, north-east, east, west, north.
Key market players in the Singapore
Water Purifier market include:
- Philips Singapore
Pte Ltd.
- Ruhens SG (Home
Hedge Pte Ltd)
- Hydroflux Marketing
Pte Ltd
- Wells Singapore
- Filtech
- Novita Sg Pte Ltd
- Aqua Kent Singapore
- Sterra Tech Pte.
Ltd.
- Panasonic Asia
Pacific Pte., Ltd
- BRITA Hong Kong
Limited
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“The Singapore water purifier market is
experiencing significant growth due to increasing awareness about water quality,
concerns regarding residual contaminants, and the need for effective
purification solutions. Moreover, the number of smart water purifier launches
in the country is significantly rising as a result of the utilization of
numerous promotional activities to draw in a larger consumer base. For
instance, Wells Singapore's provision of home demo sessions is anticipated to
support the expansion of the water purifier market in Singapore.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Singapore Water Purifier
Market By Type ((Counter Top, Under Sink, Faucet Mount & Others (Floor
Standing, Pitchers etc.)), By End Use (Residential and Commercial), By Sales
Channel (Distributors, Multi-Branded Stores/Exclusive Stores, Online,
Supermarkets/Hypermarkets, Others (Plumbers & Direct Sales, etc.)), By
Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth
potential of water purifier market in Singapore and provides statistics and
information on market structure, size, share and future growth. The report is
intended 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 present in Singapore Water Purifier market.
Contact
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