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.

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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.
Attribute
|
Details
|
Market size value in 2021
|
USD263.77
Million
|
Revenue Forecast in 2027
|
USD448.21
Million
|
Growth Rate
|
9.88%
|
Base Year
|
2021
|
Historical Years
|
2017 –
2020
|
Estimated Year
|
2022E
|
Forecast Period
|
2023F–
2027F
|
Quantitative Units
|
Revenue in Value (USD
Million), in Volume (Thousand Units) and CAGR for 2017-2021 and 2022E-2027F
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
Segments Covered
|
·
Type
·
Technology
·
Sales Channel
·
Region
·
Company
|
Regional Scope
|
Northern
Vietnam, Southern Vietnam and Central Vietnam
|
Key Companies Profiled
|
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.
|
Customization Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
Pricing and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in PPT/pdf
format on special request)
|
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).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com