New York, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "ASEAN Water Purifier Market, By Product Type, By Sales Channel, By Country, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p05998698/?utm_source=GNW
ASEAN water purifier market was valued USD 749.84 Million in 2019 and is expected to grow at CAGR of 9.71% during the forecast period. Rapid urbanization, favourable government regulations for safe and portable water and growing industrial developments is expected to drive growth in ASEAN water purifiers market. Furthermore, rising number of waterborne disease and health disorders due to increasing levels of pollutants in groundwater and rivers, increasing level of contaminants in water such as suspended solids, toxins, harmful gases & chemicals coupled with depleting natural water resources is anticipated to fuel the water purifiers market in the region.
According to several reports, water reserves in various countries in the ASEAN region are declining due to numerous episodes of drought and climatic changes, thereby aggravating water management challenges and issues in the country.Nearly all ASEAN countries including Singapore, Malaysia, Vietnam, and others experience water shortage with little action actively being taken to address it.
Thus, water purifier sales are anticipated to register strong growth in order to meet the increasing demand for safe drinking water in the region.
ASEAN water purifier market is categorized based on product type, sales channel and country.Based on product type, the market is segmented into under sink, counter top, faucet mount & others.
Out of these, under sink segment accounted for 50.45% share of the market in 2019 and the dominance of the segment is forecast to continue in the forthcoming years as these type of water purifiers are compact and require less space.
Based on the country, Vietnam occupied largest share of water purifier in 2019 as the water purifier market in the country is majorily import driven. Besides, supply of bad quality tap water in households across major cities is positively influencing the growth of the market through 2026.
Major players operating in the ASEAN water purifier market are Karofi Group Joint Stock Company, The Kangaroo Group, Unilever PLC, A.O. Smith Corporation, Coway Co. Ltd., Panasonic Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Novita SG Pte Ltd., and Brita GmbH. Due to the ongoing COVID-19 situation across the globe, most of the water purifier manufacturers are increasing their online presence through online support systems such as dedicated product video mapping offering all the details and benefits regarding the product, assigning a product executive who can assist and guide the audience in a more fruitful way, thereby giving all the benefits and experience of retail shopping to customers.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2026
Objective of the Study:
• To analyze and estimate the market size of ASEAN Water Purifier market from 2015- 2025
• To estimate and forecast the market size of ASEAN Water Purifier market from 2015-2025 and growth rate until 2025
• To classify and forecast ASEAN Water Purifier market based on product type,sales channel, company, and country distribution.
• To identify the dominant region or segment in the ASEAN Water Purifier market.
• To identify drivers and challenges for ASEAN Water Purifier market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in ASEAN Water Purifier market.
• To conduct pricing analysis for ASEAN Water Purifier market.
• To identify and analyze the profile of leading players operating in ASEAN Water Purifier market.
• To identify key sustainable strategies adopted by market players in ASEAN Water Purifier market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of Water Purifier manufacturers across ASEAN.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the Water Purifier manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the materials used in manufacturing Water Purifier, distribution channels and presence of all major players across the ASEAN countries.
The analyst calculated the market size of ASEAN Water Purifier market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Water Purifier manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policymakers
• Organizations, forums, and alliances related to Water Purifier
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Water Purifier manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, ASEAN water purifier market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• ASEAN Water Purifier Market, By Product Type:
o Under Sink
o Counter Top
o Faucet Mount
o Others (Tankless, Smart Purifiers etc.)
• ASEAN Water Purifier Market, By Sales Channel:
o Retail
o Distributor
o Others
• ASEAN Water Purifier Market, By Countries:
o Indonesia
o Vietnam
o Philippines
o Singapore
o Myanmar
o Cambodia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in ASEAN Water Purifier market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05998698/?utm_source=GNW
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