Vietnam Water Purifier Market By Type (Floor Standing, Under Sink, Counter Top, Faucet Mount & Others {Tankless, Smart Purifiers, etc.}), By Technology (RO, UF, UV, Media & Others {Nanofiltration, etc.}), By Sales Channel (Retail, Distributor, Direct, E-Commerce, Others {Plumber, Contractor, etc.}), By Region, Competition Forecast & Opportunities, 2027F

Vietnam water purifier market is anticipated to grow at a CAGR of 9.88% during the forecast period to reach around USD448.21 million by 2027F on account of the growing requirement for quality drinking water and changing consumer preferences. Furthermore, technological advancements and the rising disposable income of consumers are projected to fuel the Vietnam water purifier market growth in the next five years.

A water purifier is a device that removes harmful chemicals and biological pollutants from water in bodies of water such as lakes, rivers, and other bodies of water to produce safe drinking water. Water purifiers are classified into groups based on their type, such as floor standing, under sink, counter-top, faucet mount, and others.

With the increased need for water purifiers in the market, foreign well-known firms are becoming more interested in investing in Vietnamese companies for their R&D segment. For example, the Japanese Mutosi Group, which is known for its water purifiers, has obtained a USD10 million investment from Mekong Capital, a Vietnam-based firm.

Vietnam was one of the few countries that continued to prosper economically during the COVID-19 pandemic. Many sectors, notably the water purifier industry, however, grew slowly. The travel restrictions had a negative impact on the country's trade. All enterprises, including the water purifier market, were impacted by the lockdown and capacity limits in industrial facilities. The epidemic, on the other hand, has raised public awareness about health and hygiene, which is projected to boost demand for water purifiers in the country. Water purifier manufacturers have also contributed to the combat against the COVID-19 pandemic by delivering water purifiers to makeshift hospitals, quarantine centers, and immunization stations across the country.

Rising Preference for Water Purifiers Driving the Market Growth

Previously, the boiling water method was convenient for killing germs and making water drinkable, but it took a long time, especially when a significant amount of water was needed. People are now preferring to use water purifiers, which saves time and provides a more reliable source of clean water, rather than traditional water filters, which are readily available in the market at lower prices.

Growing Product Innovations in Water Purifiers Fueling the Market Growth

Water purifier producers are infusing technological innovation into their products in order to make them more technologically advanced. Sensors and IoT technologies are the most recent technological advances in the Vietnam water purifier industry. IoT water sensors and IVD bacteria sensors, for example, have been created by some companies to detect, quantify, and categorize bacteria and other fine-sized particles and aid in water ultra-purification.

Rising Awareness Regarding the Quality of Drinking Water Aids Market Growth

People are well aware that toxic compounds such as chlorine are added to water to remove undesirable odors during water treatment in order to cope with increased water usage and limited water supplies. These compounds have been related to malignancies, as well as respiratory and cardiovascular problems. As a result of these quality challenges, the demand for water purifiers has surged. Similarly, the adoption of RO, UF, UV, Media, and nanofiltration systems to eradicate viruses has exploded the market. The market share of water purifiers will grow as more of these purifiers are used for specialized and general purposes, such as converting raw water to safe and enhanced grade water.

Increasing Online Channels of Water Purifiers Aids Market Growth

Water purifier producers have expanded their online presence as a result of COVID-19 in order to reach a wider number of customers. Customers gain substantially from the change from traditional retail to e-retail platforms in the water purifier market since it allows them to compare the features and pricing of several models quickly.

Click here to download the sample

Market Segmentation

The Vietnam water purifier market is segmented based on type, technology, sales channel, region, and competitional landscape. Based on type, the market is further fragmented into floor standing, under sink, countertop, faucet mount & others {tankless, smart purifiers, etc.}. Based on technology, market is segmented into RO, UV, UF, Media & Others {Nanofiltration, etc.}. Also, segmentation of the market on grounds of sales channel, is done into retail, distributor, direct, e-commerce, others {plumber, contractor, etc.}). On the basis of regional analysis, the market is divided among Northern Vietnam, Southern Vietnam and Central Vietnam.

Company Profiles

Karofi Group Joint Stock Company, The Kangaroo Group, Sunhouse Vietnam Co., Ltd., AO Smith Vietnam Company Limited, Carpa Vietnam Trading Joint Stock Company, Unilever Vietnam International Company Limited, Water Supply, Drainage and Environment Technology Construction Development Joint Stock Company (HTEC), 3M Vietnam Co., Ltd, BMS Water Import Company Limited, DuPont Vietnam Limited are among the major market players in the Vietnam water purifier market.

Report Scope:

In this report, Vietnam water purifier market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Water Purifier Market, By Type:
• Floor Standing
• Under Sink
• Faucet Mount
• Counter Top
• Others
• Vietnam Water Purifier Market, By Technology:

o    RO

o    UF

o    UV

o    Media

o    Others

• Vietnam Water Purifier Market, By Sales Channel:
• Retail
• Distributor
• Direct
• E-Commerce
• Others
• Vietnam Water Purifier Market, By Region:
• Northern Vietnam
• Southern Vietnam
• Central Vietnam 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam water purifier market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).