Vietnam Water Purifier Market Scope & Volume Analysis with Executive Summary 2030
Vietnam Water Purifier Market Size & Insights
As per recent study by MarkNtel Advisors The Vietnam Water Purifier Market is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30.
What are the Key DROs in the Vietnam Water Purifier Market?
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.
What are the Key Segments in the Vietnam Water Purifier Market?
The Vietnam Water Purifier is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- 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)
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By Region
- North
- South
- Central
Who are the Key Players in Vietnam Water Purifier Market?
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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Vietnam Water Purifier Market News
- 2024: China’s Guizhou Tyre to invest USD 230 million in southern Vietnam to build a new factory, the factory will bolster the production capacity of the entire project area in Vietnam, helping to cut overall production costs, expand the market space, and improve the profitability of Guizhou Tyre’s product.
- 2021: Jinhu Tire starts truck tire production at the Vietnam plant, Jinyu (Vietnam) Tire is the first overseas production base of the Jinyu Tire Group. It was planned and constructed with digitization at its heart, connecting demand from customers with its R&D and production.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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