The Vietnam Water Purifier Market is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30.
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Vietnam Water Purifier Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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)
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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
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