Scarcity of safe and clean drinking water coupled with growing focus towards health and wellness to drive Vietnam table mounted water purifiers market through 2030
According to TechSci Research report, “Vietnam Table Mounted Water Purifiers Market By Price Segment (Low, Medium, High), By Technology (RO, UF, NF, UV and Others), By Sales Channel (General Trade and Modern Trade), By Region (North Vietnam, Central Vietnam and South Vietnam), Competition, Forecast & Opportunities, 2011 – 2030”, Vietnam table mounted water purifiers market was valued USD 177.25 Million in 2019 and is forecast to reach USD 544.92 Million by 2030, growing at a CAGR of 11.58% during the forecast period. In past few years, people have become quite concerned about their health and hygiene. Owing to increasing health risks due to the consumption of contaminated water, awareness among people about the health benefits of clean and safe bottled water is growing in Vietnam. Water purifier demand is experiencing high year-on-year growth rate of approximately 10-12% in the country. Moreover, young population is becoming more inclined towards clean & safe water, owing to its health benefits. With growing health awareness, water purifier business is expected to bloom in Vietnam in the coming years.
Government of Vietnam in collaboration with water purifier companies are encouraging seminars and exhibitions to promote awareness about clean and safe drinking water. For instance, 10th edition of Vietwater exhibition organized by UBM Asia during November 6-8, 2019 was mainly intended to boost awareness towards the consumption of clean and safe water in the country.
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Vietnam table mounted water purifiers market can be segregated based on price segment, technology, sales channel and region. RO, UF and media are the key technologies used for water purification in Vietnam. In 2019, RO technology accounted for the largest share in Vietnam due to its property of effectively removing impurities, germs and dissolved salts from water. Additionally, the TDS levels in Vietnam are high, which makes end users to procure RO water purifiers as they give better results as compared to other available technologies.
Some of the major players operating in Vietnam table mounted water purifier market are Karofi Group Joint Stock Company, The Kangaroo Group, SUNHOUSE Vietnam Co., Ltd., A.O. Smith Vietnam Company Limited, Carpa Vietnam Trade Joint Stock Company(Coway), Unilever Vietnam International Company Limited, Water Supply and Sewerage Technology Development Joint Stock Company (HTECH), 3M Vietnam Co., Ltd, Best Water Technology, and DuPont Vietnam Limited, among others.
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“Northern region contributes to more than half of demand in Vietnam water purifier market and is expected to continue dominating the country during the forecast period. Northern region in Vietnam comprises of 25 provinces including cities such as Hanoi, and the region has seen significant development in the past five to 10 years. Furthermore, majority of water purifier companies operating in the country are importing water purifier systems from Asian markets, especially China. The outbreak of COVID-19 pandemic in China accelerated the shift of companies from China towards South East Asian nations. The proximity of this region to China is particularly suitable for companies that want to move manufacturing operations to Vietnam amidst COVID-19 pandemic.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Vietnam Table Mounted Water Purifiers Market By Price Segment (Low, Medium, High), By Technology (RO, UF, NF, UV and Others), By Sales Channel (General Trade and Modern Trade), By Region (North Vietnam, Central Vietnam and South Vietnam), Competition, Forecast & Opportunities, 2011 – 2030” has evaluated the future growth potential of Vietnam table mounted water purifiers market and provides statistics and information on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Vietnam table mounted water purifier market.
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