Vietnam Water Purifiers Market to Witness CAGR of 12.4% During 2016-2021, Finds TechSci Research
NEW YORK, June 28, 2016 /PRNewswire/ --
Deteriorating Water Quality, Increasing Discretionary Spending Coupled With Growing Health Concerns to Fuel Demand for Water Purifiers in Vietnam Through 2021
According to TechSci Research report, "Vietnam Water Purifiers Market By Technology, By Sales Channel, Competition Forecast & Opportunities, 2011-2021", the Vietnam market for water purifiers is anticipated to grow at a CAGR of 12.4% during 2016-2021 on account of deteriorating water quality and increasing consumer awareness about health risks posed by the presence of dissolved solids and other harmful contaminants including viruses and bacteria in drinking water. Over the next five years, growing urban population coupled with rising per capita income is expected to result in augmented demand for water purifiers across the country. Further, rising adoption of advanced water purification technologies is forecast to steer the Vietnam water purifiers market through 2021. On the back of increased water pollution, major demand for water purifiers in Vietnam emanates from the cities of Hanoi and Ho Minh Chi in North and South Vietnam, respectively.
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Browse 9 market data Tables and 34 Figures spread through 100 Pages and an in-depth TOC on
"Vietnam Water Purifiers Market "
On the basis of technology, market for water purifiers is categorized into three segments, namely, membrane based, media based and UV based, with membrane based water purifiers market accounting for the largest share in Vietnam water purifiers sales in 2015, due to their ability to significantly reduce the content of total dissolved impurities in drinking water. Over last five years, the market for combination water purifier systems, which utilize more than one purification technology, has exhibited strong growth across the country owing to high efficiency of these water purifiers to provide clean & safe consumable water. The Vietnam water purifiers market is highly competitive with presence of various domestic as well as global players such as Kangaroo, Karofi Vietnam, Sunhouse, and A.O. Smith. Few other leading water purifier manufacturing companies operating in Vietnam include 3M Purification, Best Water Technology, Myota Vietnam, etc.
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"Membrane based water purifiers are exhibiting strong demand growth on account of their higher efficiency to reduce arsenic content from drinking water. Membrane based water purifiers, particularly RO (Reverse Osmosis) based, are highly efficient due to small pore size of the membranes, which enables the purifying unit to remove smallest of the impurities from drinking water. Though the market for membrane based water purifiers is import driven in Vietnam due to lack of raw material availability, demand for membrane based water purifiers in the country is expected to remain strong through 2021.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Vietnam Water Purifiers Market By Technology, By Sales Channel, Competition Forecast & Opportunities, 2011-2021" has evaluated the future growth potential of Vietnam water purifiers market and provides statistics and information on market structure, consumer behavior and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the Vietnam water purifiers market.
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