Vietnam Water Purifier Market Insights, Share & Growth Trends 2024 to 2030

Table of Contents

Vietnam Water Purifier Market Overview and Insights:

Vietnam Water Purifier Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Vietnam Water Purifier Industry and its Yearly Growth Rate?

The Vietnam Water Purifier Market is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30. The market growth imputes the surging demand for water purifiers in Vietnam, driven by rising water pollution. Rapid industrialization and urbanization have led to increased discharge of industrial effluents and untreated sewage into water bodies, contaminating surface and groundwater sources. Agriculture, a crucial sector in Vietnam’s economy, contributes to pollution through the excessive use of fertilizers and pesticides, leading to runoff that contaminates rivers and streams. Poor waste management practices further exacerbate the problem, with plastic pollution and solid waste disposal contaminating waterways.

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Who are the Main Competitors Driving the Vietnam Water Purifier Market Forward?

The prominent players essentially operating in the Vietnam Water Purifier Market are as follows:

Kent RO System Ltd.
O. Smith Corporation (Aquasana Inc.)
Eureka Forbes Limited
Panasonic Vietnam
LG Electronics
Easywell Water Systems, Inc.
Unilever Plc (PureIt)
Aquatech International LLC
GE Appliances
Pentair Vietnam
Others

What are the key Drivers Defining the Vietnam Water Purifier Market Size?

The Growing Demand for Water Purifiers in the Residential Sector to Drive Market Growth – Rapid urbanization, fueled by rural-to-urban migration and population growth, has led to an increased demand for housing in cities and urban areas. Rising disposable incomes and improving living standards have further enabled more people to afford homes, stimulating residential construction and real estate development. Government initiatives and investments aim to address the housing needs of low-income families and provide affordable housing solutions through subsidies, loans, and incentives for developers, further surging the growth of the residential sector in the country. For Instance,

In 2023 Q1, Vietnam completed about 300 social housing projects in urban areas and worker housing projects in industrial zones (IZs), with nearly 156,000 units.

With the surging construction of residential buildings and escalating growth in housing infrastructure development, the demand for clean and safe drinking water for individuals is rising rapidly in Vietnam. Consumers looking for safe drinking water are adopting water purifiers with UV and RO technologies to mitigate waterborne illness. This is resulting in the increasing demand for water purifiers in the country, which is augmenting the growth & development of the Vietnam Water Purifier Market.

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What is the Segmentation of the Vietnam Water Purifier Market?

The Vietnam Water Purifier market covered in this report is segmented –

By System Type
- Under the Sink- Market Size & Forecast 2019-2030 (USD Million)
- Countertop Filters- Market Size & Forecast 2019-2030 (USD Million)
- Water Softeners- Market Size & Forecast 2019-2030 (USD Million)
- Point-of-entry Filters- Market Size & Forecast 2019-2030 (USD Million)
- Others (Pitcher Filters, etc.) – Market Size & Forecast 2019-2030 (USD Million)
By Technology
- Reverse Osmosis (RO) – Market Size & Forecast 2019-2030 (USD Million)
- Ultraviolet (UV) – Market Size & Forecast 2019-2030 (USD Million)
- Carbon Filtration- Market Size & Forecast 2019-2030 (USD Million)
- Combination (Ultrafiltration (UF)+ UV, RO + UV, RO+UV+UF, etc.) – Market Size & Forecast 2019-2030 (USD Million)

Out of them all, the Reverse Osmosis (RO) segment is anticipated to hold a major market share in the forecast period, owing to rising consumer awareness about water security and the easy availability of RO-based purifiers.

By End User
- Residential- Market Size & Forecast 2019-2030 (USD Million)
- Commercial- Market Size & Forecast 2019-2030 (USD Million)
By Sales Channel
- Direct Sales- Market Size & Forecast 2019-2030 (USD Million)
- Multi-Brand Stores & Outlets- Market Size & Forecast 2019-2030 (USD Million)
- Online- Market Size & Forecast 2019-2030 (USD Million)
By Region
- North
- South
- Central

Key Questions Answered in the Research Report

What is the predicted Vietnam Water Purifier market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the Vietnam Water Purifier market?
Which segment accounted for the largest market share in the Vietnam Water Purifier market?
Which prominent companies are leading growth in the Vietnam Water Purifier market?
In what formats does Markntel Advisors deliver the concerned report descriptions?
How long does it take for customers to receive the reports provided by Markntel Advisors?
Does Markntel Advisors provide customized reports?

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