Press Release

Vietnam Water Purifier Market to Grow at a CAGR of Around 9.5% During the Forecast Period of 2024-30

The Vietnam Water Purifier Market size is anticipated to grow at a CAGR of about 9.5% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The market expansion is attributed to increased demand for water purifiers in Vietnam, which is being driven by the country's escalating water pollution. Rapid industrialization and urbanization have resulted in an increased flow of industrial effluents and untreated sewage into water bodies, damaging both surface and groundwater sources.

Agriculture, a critical sector in Vietnam's economy, contributes to pollution by overusing fertilizers and pesticides, resulting in contaminated runoff into rivers and streams. Poor waste management techniques further compound the situation by contaminating rivers with plastic and solid waste. This significant water pollution in Vietnam has prompted customers to seek out trustworthy and safe drinking water sources. Pollution is leading to an increase in water-borne infections among consumers, which encourages the use of water purifying systems for both residential and commercial applications, hence boosting market growth.

Furthermore, rising health consciousness among Vietnamese consumers is driving up the demand for clean and safe drinking water. People are becoming more aware of the potential health dangers connected with drinking contaminated water, such as waterborne infections, and are thus looking for dependable purification solutions to protect their health and well-being. Changing lifestyles and eating habits, especially a greater preference for clean and healthy living, are driving up demand for water purifiers. As people become more health-conscious and embrace wellness-oriented lives, the importance of access to safe and filtered water becomes more widely recognized, driving up demand for water purifiers in Vietnam, further states the research report, “Vietnam Water Purifier Market Analysis, 2024.”

Vietnam Water Purifier Market Segmentation Analysis

Commercial Segment Holds a Major Share of the Vietnam Water Purifier Market

Based on end users, the market is bifurcated into residential and commercial. The commercial segment holds a major market share and is expected to seize considerable growth during the forecast period as well, owing to the rising demand for water purifiers from commercial offices, hospitality facilities, and food service outlets. The accelerated pace of industrialization and urban development has resulted in heightened contamination levels in water sources, eliciting concerns regarding water quality among various commercial entities such as businesses, restaurants, and hotels. Consequently, there has been a notable surge in the adoption of water purifiers in commercial settings.

Furthermore, the imposition of stringent regulations and standards about water safety and hygiene within Vietnam's food and beverage industry is compelling businesses to invest in advanced water purification systems to ensure compliance and uphold consumer health standards. Additionally, the burgeoning tourism sector, coupled with increasing consumer expectations for clean and safe drinking water in public venues, is propelling the uptake of commercial water purifiers in establishments such as hotels, resorts, and public facilities. Consequently, the escalating focus on water quality, hygiene, and regulatory adherence within commercial environments, including hotels, restaurants, and corporate offices, is fueling robust growth within the commercial water purifier market in Vietnam, thereby driving overall market growth & expansion.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, Kent RO System Ltd, A. O. Smith Corporation (Aquasana Inc.), Panasonic Vietnam, Eureka Forbes Limited, LG Electronics, Easywell Water Systems, Inc., Unilever Plc (PureIt), Aquatech International LLC, GE Appliances, Pentair Vietnam, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & solution adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?