Market Research Report

Vietnam Water Purifier Market Research Report: Forecast (2024-2030)

Vietnam Water Purifier Market - By System Type (Under the Sink, Countertop Filters, Water Softeners, Point-of-entry Filters, Others), By Technology (Reverse Osmosis [RO], Ultraviol...et [UV], Carbon Filtration, Combination), By End User (Residential, Commercial), By Sales Channel (Direct Sales, Multi-Brand Stores & Outlets, Online) and others Read more

  • FMCG
  • Apr 2024
  • 129
  • CG22108

Market Definition

Water purifiers are devices designed to remove impurities and contaminants from water, ensuring it's safe for human consumption. These systems utilize different methods, such as filtration, reverse osmosis, ultraviolet (UV) disinfection, and other treatments, to eliminate harmful substances like bacteria, viruses, heavy metals, and chemicals. Filtration mechanisms typically involve multiple stages, including sediment, activated carbon, and sometimes ion exchange, to trap and remove particles and dissolved substances.

Market Insights & Analysis: Vietnam Water Purifier Market (2024-30):

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. For Instance,

  • In 2022, about 13 million Vietnamese do not have sufficient access to clean water for their daily activities.
Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 9.5%
Region Covered North, South, Central
Key Companies Profiled 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, Others
Unit Denominations USD Million/Billion

 

The high level of water pollution in the country has led consumers to opt for additional reliable and clean drinking water sources in the country. 

Furthermore, growing health consciousness among Vietnamese consumers is further fueling the demand for clean and safe drinking water. People are becoming more aware of the potential health risks associated with consuming contaminated water, such as waterborne diseases, and are thus seeking reliable purification solutions to safeguard their health and well-being. For Instance,

  • In 2022, according to UNICEF, in rural areas of Vietnam, about 20% of the population did not have access to basic drinking water services, leaving children vulnerable to diarrhea, dysentery, typhoid, and other water-borne diseases.

Changing lifestyles and dietary habits, including an increased preference for clean and healthy living, are contributing to the growing demand for water purifiers. As consumers become more health-conscious and adopt wellness-oriented lifestyles, the importance of access to safe and purified water is becoming increasingly recognized, proliferating the demand for water purifiers in Vietnam and propelling the growth & development of the Vietnam Water Purifier Market during the forecast period.


Vietnam Water Purifier Market Research Report: Forecast (2024-2030)

Vietnam Water Purifier Market Driver:

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.

Vietnam Water Purifier Market Opportunity:

Growing Innovation in Filter Technologies to Create New Opportunities – The growing concerns about emerging contaminants and waterborne diseases have spurred research and innovation in filter technology, resulting in the introduction of novel filtration methods such as nanofiltration, membrane distillation, and electrochemical filtration. In addition, advancements in material science and engineering are leading to the development of highly efficient and specialized water purifiers capable of removing a wide range of contaminants, including microplastics, heavy metals, and pharmaceuticals, further upsurging their adoption among consumers.

With the wide availability of technologically advanced and innovative water purifiers, the inclination of consumers toward this technology is surging rapidly. This, in turn, is leading manufacturers such as Kent, Pureit, etc. to launch new products suiting diverse needs. Consequently, the accelerating progress in filtration technologies holds the potential to significantly boost the efficiency of water purifiers, leading to a more thorough removal of contaminants. This enhanced effectiveness is appealing to consumers who are growingly conscientious about water quality and actively seeking robust purification solutions, creating opportunities in the Vietnam Water Purifier Market.

Vietnam Water Purifier Market Challenge:

High Maintenance Costs Associated with Water Filters to Restrain Market Growth – To ensure the cleanliness, safety, and quality of drinking water, the filters often need replacements and maintenance services, which add up to the total maintenance cost of the purifiers. Additionally, the complexity of some filtration systems, such as reverse osmosis or multi-stage filters, requires specialized servicing and technical maintenance, further driving up costs. Vietnam, being an emerging economy, has a low share of the higher disposable income population, and thus, aftermarket services could pose a significant challenge to the adoption of water purifiers by the middle-class population.

Moreover, variations in water quality and usage patterns affect filter lifespan, leading to unpredictable maintenance expenses for users and making them skeptical about the adoption of water purifiers. Furthermore, the presence of counterfeit or low-quality replacement filters in the market poses a risk of subpar performance and potential damage to purifier systems, developing trust issues regarding water purification products among consumers and further restraining the adoption of water purifiers. Thus, the high maintenance costs associated with water filters lead to the minimal adoption of water filters among consumers, restraining the growth & development of the Vietnam Water Purifier Market.

Vietnam Water Purifier Market Trend:

Escalating Adoption of Smart Water Purifiers Emerging as a Major Market Trend – The growing concerns about water quality and safety have prompted consumers to seek reliable and efficient purification solutions, augmenting the demand for smart water purifiers that provide real-time data. Advancements in technology, particularly in the Internet of Things (IoT) and connectivity, have further enabled the development of smart water purification systems offering enhanced functionality and convenience, increasing consumer adoption.

Additionally, the rise of smart home ecosystems and integrated devices has spurred the adoption of smart water purifiers as part of a connected and automated lifestyle. Due to this surging demand for smart water purification systems, manufacturers have launched innovative smart water purification systems with the latest technology. For Instance,

  • In 2022, ROBOT, a water purifier manufacturer, announced the launch of a series of smart alkaline iON electrolyte water purifiers, including ionSmart, ionQueen, and ionPrince, in Vietnam.

As consumers demand these water purification systems and their adoption, the demand for them is increasing, which is emerging as a significant trend in the Vietnam Water Purifier Market.

Vietnam Water Purifier Market (2024-30): Segmentation Analysis

The Vietnam Water Purifier Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the national level. According to the analysis, the market has been further classified as:

Based on Technology

  • Reverse Osmosis (RO)
  • Ultraviolet (UV)
  • Carbon Filtration
  • Combination (Ultrafiltration (UF)+ UV, RO + UV, RO+UV+UF, etc.)

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. RO purifiers are highly effective in removing many contaminants, including bacteria, viruses, heavy metals, and dissolved solids, ensuring superior water quality and safety. This capability is particularly appealing to Vietnamese consumers amidst rising concerns over water pollution and health risks in the country.

Additionally, the versatility of RO technology enables it to treat various water sources, making it suitable for both urban and rural settings and proliferating its demand among consumers. Moreover, the affordability and accessibility of RO purifiers have improved over time, making them more accessible to a broader segment of the population as compared to other expensive water purifiers, propelling their adoption in the country.

Based on End User:

  • Residential
  • Commercial

Rapid industrialization and urbanization have led to increased contamination of water sources, raising concerns about water quality among businesses, restaurants, hotels, and other commercial establishments and surging the adoption of water purifiers in commercial settings. Additionally, stringent regulations and standards for water safety and hygiene in the food and beverage industry in Vietnam are prompting businesses to invest in high-quality water purification systems to ensure compliance and safeguard consumer health.

Moreover, the tourism sector's growth, coupled with rising consumer expectations for clean and safe drinking water in public spaces, is driving the adoption of commercial water purifiers in hotels, resorts, and public facilities. For Instance,

  • In 2022, according to the General Statistics Office of Vietnam, the international visitors to Vietnam in the first quarter of 2022 were estimated at nearly 91,000 arrivals, an increase of about 89.1% from 2021.

Thus, the increasing emphasis on water quality, hygiene, and regulatory compliance in commercial settings such as hotels, restaurants, corporate offices, etc. is driving the robust growth of commercial water purifiers in Vietnam, augmenting the overall market growth & expansion.

Gain a Competitive Edge with Our Vietnam Water Purifier Market Report

  1. Vietnam Water Purifier Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Vietnam Water Purifier Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. Vietnam Water Purifier Market is expected to grow at a CAGR of around 9.5% during 2024-2030.

   A. The growing demand for water purifiers in the residential sector is a prominent factor expected to drive the Vietnam Water Purifier Market during 2024-2030.

   A. 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 the top companies in the Vietnam Water Purifier Market.

   A. The commercial segment is the leading end user in the Vietnam Water Purifier Market.

   A. The escalating adoption of smart water purifiers is a key trend shaping the growth of the Vietnam Water Purifier Market.

   A. The growing innovation in filter technologies is one of the growth opportunities driving the Vietnam Water Purifier Market through 2030.

   A. The high maintenance costs associated with water filters are the possible restraints affecting the growth of the Vietnam Water Purifier Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Vietnam Water Purifier Market Regulations & Policy Standards
  5. Vietnam Water Purifier Market Supply Chain Analysis
  6. Vietnam Water Purifier Market Trends & Insights
  7. Vietnam Water Purifier Market Dynamics
    1. Drivers
    2. Challenges
  8. Vietnam Water Purifier Market Hotspots & Opportunities
  9. Vietnam Water Purifier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By System Type
        1. Under the Sink- Market Size & Forecast 2019-2030 (USD Million)
        2. Countertop Filters- Market Size & Forecast 2019-2030 (USD Million)
        3. Water Softeners- Market Size & Forecast 2019-2030 (USD Million)
        4. Point-of-entry Filters- Market Size & Forecast 2019-2030 (USD Million)
        5. Others (Pitcher Filters, etc.) - Market Size & Forecast 2019-2030 (USD Million)
      2. By Technology
        1. Reverse Osmosis (RO) - Market Size & Forecast 2019-2030 (USD Million)
        2. Ultraviolet (UV) - Market Size & Forecast 2019-2030 (USD Million)
        3. Carbon Filtration- Market Size & Forecast 2019-2030 (USD Million)
        4. Combination (Ultrafiltration (UF)+ UV, RO + UV, RO+UV+UF, etc.) - Market Size & Forecast 2019-2030 (USD Million)
      3. By End User
        1. Residential- Market Size & Forecast 2019-2030 (USD Million)
        2. Commercial- Market Size & Forecast 2019-2030 (USD Million)
      4. By Sales Channel
        1. Direct Sales- Market Size & Forecast 2019-2030 (USD Million)
        2. Multi-Brand Stores & Outlets- Market Size & Forecast 2019-2030 (USD Million)
        3. Online- Market Size & Forecast 2019-2030 (USD Million)
      5. By Region
        1. North
        2. South
        3. Central
      6. By Competitor
        1. Market Share & Analysis
        2. Competition Characteristics
  10. Vietnam Residential Water Purifier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By System Type- Market Size & Forecast 2019-2030 (USD Million)
      2. By Technology- Market Size & Forecast 2019-2030 (USD Million)
      3. By Sales Channel- Market Size & Forecast 2019-2030 (USD Million)
  11. Vietnam Commercial Water Purifier Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousand)
    2. Market Share & Analysis
      1. By System Type- Market Size & Forecast 2019-2030 (USD Million)
      2. By Technology- Market Size & Forecast 2019-2030 (USD Million)
      3. By Sales Channel- Market Size & Forecast 2019-2030 (USD Million)
  12. Vietnam Water Purifier Market Key Strategic Imperatives for Growth & Success
  13. Competition Outlook
    1. Company Profiles
      1. Kent RO System Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. A. O. Smith Corporation (Aquasana Inc.)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Eureka Forbes Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Panasonic Vietnam
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. LG Electronics
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6.  Easywell Water Systems, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Unilever Plc (PureIt)
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Aquatech International LLC
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. GE Appliances
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Pentair Vietnam
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  14. Disclaimer


Vietnam Water Purifier Market Segmentation