MarkNtel Advisors recently published a detailed industry analysis of the Vietnam Water Purifier Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Insights and Analysis of the Vietnam Water Purifier Market (2024-2030)

The Vietnam Water Purifier Market is estimated to grow at a CAGR of around 9.5% during the forecast period, i.e., 2024-30.

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What is driving 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 segments define the Vietnam Water Purifier Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By System Type

(Under the Sink, Countertop Filters, Water Softeners, Point-of-entry Filters, Others),

By Technology

(Reverse Osmosis [RO], Ultraviolet [UV], Carbon Filtration, Combination),

By End User

(Residential, Commercial),

By Sales Channel

(Direct Sales, Multi-Brand Stores & Outlets, Online)

By Regions

North, South, Central

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Who are the leading key players shaping the Vietnam Water Purifier Market landscape?

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

Questions Addressed in this Study

1.What factors are driving the Vietnam Water Purifier Market growth?

2.How is the Vietnam Water Purifier Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Vietnam Water Purifier Market?

4.What is the current size of the Vietnam Water Purifier Market, and how is it projected to change in the future?

6.What is the future outlook for the Vietnam Water Purifier Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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