DUBLIN, September 23, 2021--(BUSINESS WIRE)--The "ASEAN Water Purifier Market, By Mode (POU and POE), By Type (Under Sink, Counter Top, Faucet Mount & Others (Tankless, Smart Purifiers etc.), By Technology (RO, UF, UV, Media, & Others), By Sales Channel, By Country, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The ASEAN Water Purifier Market was valued USD1593.10 million in 2020 and is expected to grow at a CAGR of 10.15% during the forecast period.
Rapid economic growth, rising urbanization, favorable government regulations for safe and potable water and growing industrial developments are expected to drive the growth of water purifiers in the ASEAN region.
Furthermore, increasing awareness about health and wellness, rising number of waterborne diseases and high demand for portable water purifiers are anticipated to fuel the water purifiers market in the ASEAN region.
Due to the onset of COVID-19, disruptions in business cycles are bound to impact the supply chain of the ASEAN Water Purifier Market. Most of the countries including Singapore, Malaysia, and Indonesia have undergone complete or partial lockdown in the second quarter of 2020, which resulted in disruption of trade activities, causing severe supply chain hindrance.
Moreover, several advisories restricted travel following the concerns over the COVID-19 pandemic which have also led to delays in all commercial decisions in the short term. Even though the demand and supply have witnessed temporary interruptions, COVID-19 may have long term positive impact on the market, owing to greater awareness and consciousness among the consumers regarding the consumption of cleaner and safer drinking water.
The ASEAN Water Purifier Market has been segmented based on mode, type, technology, sales channel, country and competition. Based on mode, the ASEAN Water Purifier Market has been divided into POU (Point-of-Use) and POE (Point-of-Entry).
Among which POU has dominated the ASEAN Water Purifier Market in 2020 because they are user-friendly, inexpensive, require low-maintenance, and are grid-independent. Furthermore, they treat and reduce the number of pathogens in water supplies, and many POU systems have been deployed and used by communities, thereby improving their livelihoods.
Based on type, the ASEAN Water Purifier Market has segmented into counter top, under sink, faucet mount and others. Based on technology, RO technology accounted for the largest share in the region's market in 2020 because of its ability to effectively remove impurities, germs, and dissolve salts from water.
Furthermore, TDS levels in the ASEAN region are high, prompting end-users to purchase RO water purifiers because they outperform other available technologies.
Based on country, Indonesia is the largest country in the ASEAN Water Purifier Market, and its dominance is expected to continue during the forecast period as well. The country's dominance is primarily attributed to growing industrialization, as well as rising concerns about the negative effects of consuming low-quality water.
Major players operating in the ASEAN Water Purifier Market are
Coway Co. Ltd.
CUCKOO International (MAL) Sdn. Bhd.
Thiensurat Public Company Limited (TSR)
Karofi Group Joint Stock Company
A.O. Smith Corporation
The Kangaroo Group
Koninklijke Philips N.V.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
ASEAN Water Purifier Market, By Mode:
ASEAN Water Purifier Market, By Type:
Others (Tankless, Smart Purifiers, etc.)
ASEAN Water Purifier Market, By Technology:
ASEAN Water Purifier Market, By Sales Channel:
ASEAN Water Purifier Market, By Country:
For more information about this report visit https://www.researchandmarkets.com/r/oe512k
View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005596/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900