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Vietnam Table Mounted Water Purifiers Market, Forecast and Opportunities, 2030 - Updated Report
Vietnam Table Mounted Water Purifiers Market, Forecast and Opportunities, 2030 - Updated Report
Market
FORECAST AND OPPORTUNITIES
2011- 2030
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
Table of Contents
5.1.1. By Value 24
5.1.2. By Volume 24
5.2. Market Share & Forecast
5.2.4. By Company 28
5.2.5. By Region (North Vietnam, Central Vietnam and South Vietnam) 29
5.3. Vietnam Consumer Appliances Retail Market Share (By Consumer Appliances Type) 29
5.4. List of Best-Selling Models Sold Through Offline & Online Channel 30
5.5. Market Attractiveness Index (By Type & By Technology) 31-32
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Table of Contents
8.1.1. By Value
40
8.1.2. By Volume
40
9.1.1. By Value
43
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Table of Contents
S. No. Contents Page No.
9.1.2. By Volume 43
9.2. Market Share & Forecast
9.2.1. By Sales Channel 44
10. Market Dynamics 45
10.1. Drivers 46
10.2. Challenges 47
11. Market Trends & Developments 48
12. Policy & Regulatory Landscape 51
13. Vietnam Economic Profile 55
14. Impact of COVID-19 on Vietnam Water Purifier Market 58
15. Competitive Landscape 60
15.1. Karofi Group Joint Stock Company
15.2. The Kangaroo Group
15.3. SUNHOUSE Vietnam Co., Ltd.
15.4. A.O. Smith Vietnam Company Limited
15.5. Coway Vietnam
15.6. Unilever Vietnam International Company Limited
15.7. Water Supply and Sewerage Technology Development Joint Stock Company (HTECH
15.8 3M Vietnam Co., Ltd
15.9 Best Water Technology
15.10 DuPont Vietnam Limited
16. Strategic Recommendations 71
17. About Us & Disclaimer 77
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List of figures
Vietnam Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand
Figure 1: 24
Units) 2011- 2030F
Figure 2: Vietnam Municipal Water Demand, 2016 & 2030F (Billion Cubic Meter/Year) 24
Figure 3: Vietnam Table Mounted Water Purifiers Market Share, By Price Segment, By Value, 2011- 2030F 25
Figure 4: Vietnam Table Mounted Water Purifiers Market Share, By Technology, By Value, 2011- 2030F 26
Figure 5: Vietnam Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F 27
Vietnam Table Mounted Water Purifiers Market Share, By Online Sales, By Top 3 Online Players,
Figure 6: 27
By Volume, 2019
Figure 7: Vietnam Table Mounted Water Purifiers Market Share, By Company, By Value, 2019 28
Figure 8: Vietnam Table Mounted Water Purifiers Market Share, By Region, By Value, 2011- 2030F 29
Vietnam Consumer Appliances Retail Market Share, By Value, By Consumer Appliances Type,
Figure 9: 2019 29
Vietnam Table Mounted Water Purifiers Market Attractiveness Index, By Technology, By Value,
Figure 10: 2020E-2030F 31
Vietnam Table Mounted Water Purifiers Market Attractiveness Index, By Region, By Value,
Figure 11: 2020E-2030F 32
Vietnam RO Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume
Figure 12: (Thousand Units) 2011- 2030F 34
Current Wastewater Treatment Plants by Total Installed Capacity (Million m3/day) and Target of
Figure 13: 34
Establishment of New Wastewater Treatment Plants by 2020
Vietnam RO Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011-
Figure 14: 35
2030F
Figure 15: Vietnam percentage of household having hygienic water, by region 2019 35
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List of figures
Figure No. Title Page No.
Vietnam UF Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand
Figure 16: 37
Units) 2011- 2030F
Figure 26: Vietnam NF Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F 44
Figure 27: Monthly average income per capita at current prices, By Region, USD, 2019 44
List of tables
Table No. Title Page No.
Table 1: Vietnam Table Mounted Water Purifiers Market, List of Best -Selling Models Sold Through Offline 30
Table 2: Vietnam Table Mounted Water Purifiers Market, List of Best -Selling Models Sold Through Online 30
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Product
Overview
Scope of Report
Product of Interest (POI): Table Mounted Water Purifiers
The Vietnam table mounted water purifier market is expected to grow at a substantial CAGR until 2030 on account of rapidly
improving economic condition and financial status of the consumers, technological advancements, usage and application
across different sectors. Moreover, Vietnam water purifier market is recognized as one of the fastest growing water purifier
markets in Asia-Pacific, which has resulted in emergence of one of the largest consumer and manufacturing bases in the
country. Moreover, global players are planning and have set up their subsidiary companies to cater the demand for water
purifiers in Vietnam.
Market Segmentation
Base Year
Price Segment Region
2019
• Low • North Vietnam
• Medium • Central Vietnam Estimated Year
• High • South Vietnam
2020
Forecast Period
2021 – 2030
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Scope of Report
Product of Interest (POI): Table Mounted Water Purifiers
A water purifier is a device used for removing unwanted chemicals and biological contaminants from water obtained from water bodies
such as rivers, lakes, etc., to obtain pure drinking water, which is fit for human consumption or for industrial use. Water purifiers are
segmented based on function and technology used such as RO, UF, UV, media, etc. Water purifiers are categorized into ‘point of use’
and ‘point of entry’. Point of use (POU) water purifiers are those which can be directly installed at the tap water supply point, whereas,
point of entry (POE) water purifiers are installed at main water supply.
Water Purifiers
Based on
Technology
Membrane
Ultraviolet Based Media Based
Based Water
Water Purifiers Water Purifiers
Purifiers
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Research
Methodology
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Research Methodology
In-depth secondary TechSci conducted Data obtained as a The data was scrutinized
research was conducted to In order to conduct List of industry
interviews with result of primary using MS-Excel, statistical
determine top players in industry experts’ players and industry
industry experts and and secondary tools and internal
the water purifier market, interviews, TechSci specialists was proprietary database to
formulated a detailed developed. industry players for research was
overall market size and data collection and validated through obtain qualitative and
segmental market size. discussion guide.
verification. rigorous quantitative insights about
triangulation. the water purifier market.
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Research Methodology
Baseline Methodology
Our dedicated team of indus try experts has mo nitored and analyzed various aspects of Vietnam Table Mo unted Water Purifiers Market . The tea m has
analyzed the outlook of various segments of this market, while co nsidering the major influencing factors, such as conta mina tion of water, water borne
diseases, and growing awareness towards health & wellness. The study includes market forecasting, which would enable our clients to take better
decisions while planning their strategy to achieve sustainability in Vietnam Table Mounted Water Purifiers Market .
• Market Size, by Value: Market size, in ter ms of value, for the year 2019 was calcula ted based on information collected through exhaustive secondary
research and primary surveys, with various key opinion leaders/stakeholders, such as bottled water manufacturers, importers, suppliers, distributors
• The team interviewed more tha n 15 ma nufacturers/suppliers/importers, 20 distributors/retailers and 5 indus try experts in Vietnam water purifiers
market to estima te the overall market size during 2011-2019, which was validated by the Delphi technique. Taking standard deviatio n into
consideration, the market size was averaged out, to arrive at the market size data for 2011-2019.
• Respondents were asked about the current and future mar ket growth rates, market shares by price segment, by technology, by sales channel, by
region and by company. Removing the outlier responses, the geometric mean of growth estimates and product wise revenue shares generated
across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further
triangulated from other stakeholders depending upon the type of water purifier.
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Research Methodology
• market shares by price segment, by technology, by sales channel, by region and by company were calculated based on the responses received
through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various
types of bottled water. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Vietnam Table
Mounted Water Purifiers Market , TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Regression Analysis
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Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied ind ustries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),
with the market size indicated in USD million.
▪ Karofi Vietnam Joint Stock Company ▪ TechSci Research Proprietary Database & Knowledge
▪ KoriHome Vietnam
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Executive
Summary
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Executive Summary
544.92
1,363.05
Others, 8.00%
Faucet Mount,
3.00%
2019
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Executive Summary
4 Vietnam Table Mounted Water Purifiers Market Share, By Price Segment, By Volume, 2019 & 2030F
High (More than
High (More than
USD500) ,
USD500) ,
15.07%
16.99%
Medium (USD250-USD500),
60.31%
Source: TechSci Res earch
5 Vietnam Table Mounted Water Purifiers Market Share, By Technology, By Value, 2019 & 2030F
Others ,
12.06% Others ,
13.89%
UV, 3.25%
RO, 58.46%
UF, 13.78%
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Executive Summary
6 Vietnam Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2019 & 2030F
General Trade ,
38.96% General Trade ,
2019 33.86%
2030F
7 Vietnam Table Mounted Water Purifiers Market Share, By Region , By Value, 2019 & 2030F
2019 2030F
Northern Vietnam,
41.96%
Southern Vietnam,
Southern Vietnam, 41.15%
41.36%
Source: TechSci Res earch
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Voice of
Customer
Brand Preferences
Karofi 77%
Kangaroo 73%
Sunhouse 65%
A O Smith 46%
Others 53%
Note: 1. Only respondents who have purchased/used water purifier in past 2 months were considered for this survey.
2. The respondents have selected multiple options to answer the question.
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Preferred Point of Purchase
E-Retailer 54%
Others 49%
Note: 1. Only respondents who have purchased/used water purifier in past 2 months were considered for this survey.
2. The respondents have selected multiple options to answer the question.
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Factors Influencing Purchase Decision
Brand 89%
Price 84%
Promotions/Discounts 73%
Others 68%
Note: 1. Only respondents who have purchased/used water purifier in past 2 months were considered for this survey.
2. The respondents have selected multiple options to answer the question.
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Vietnam Table
Mounted
Water Purifier
Market
Outlook
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Vietnam Table Mounted Water Purifiers Market Size, By Value & Volume
Figure 1: Vietnam Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand Units)
2011- 2030F
CAGR 2020E-2030F
CAGR 2013-2019
By Value: 11.58%
By Value: 10.15%
By Volume: 10.81%
By Volume: 9.05%
1363.05
1234.46
1119.05
1015.37
544.92
922.14
491.01
838.23
442.87
755.23
399.84
679.78
361.34
611.31
326.86
549.59
293.35
488.31
478.50
261.67
437.57
233.17
400.47
207.19
366.83
336.30
182.18
177.25
308.56
160.38
283.29
260.26
145.25
239.25
131.67
119.47
108.50
98.64
89.76
81.77
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E2021F2022F2023F2024F2025F2026F2027F2028F2029F2030F
Figure 2: Vietnam Municipal Water Demand, 2016 & 2030F (Billion Cubic Meter/Year)
5.70
3.00
2016 2030F
Figure 3: Vietnam Table Mounted Water Purifiers Market Share, By Price Segment, By Volume, 2011- 2030F
63.67% 63.24%
62.81% 62.39% 61.97%
61.55% 61.13% 60.72%
60.31% 60.12% 59.92% 59.73% 59.54%
59.34% 59.15% 58.96% 58.77% 58.58%
58.39% 58.20%
24.07% 24.35% 24.62% 24.65% 24.68% 24.70% 24.72% 24.74% 24.76% 24.78% 24.79% 24.80% 24.81% 24.81%
23.22% 23.51% 23.79%
22.34% 22.64% 22.93%
16.99%
16.09% 16.26% 16.44% 16.62% 16.81%
14.93% 15.07% 15.23% 15.40% 15.57% 15.74% 15.91%
13.99% 14.12% 14.25% 14.39% 14.52% 14.65% 14.79%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
High (More than USD500) Medium (USD250-USD500) Low (Less than USD250)
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Vietnam Table Mounted Water Purifiers Market Share, By Technology
Figure 4: Vietnam Table Mounted Water Purifiers Market Share, By Technology, By Value, 2011- 2030F
13.71% 13.89%
12.86% 13.03% 13.20% 13.37% 13.54%
12.38% 12.54% 12.70%
11.91% 12.06% 12.22%
11.32% 11.46% 11.61% 11.76%
10.89% 11.03% 11.17%
13.78%
13.18%
12.60%
12.05%
11.52%
11.01%
10.53%
10.07%
9.63%
9.21%
8.80%
8.42%
8.05% 7.99%
7.70% 7.46%
7.36%
7.04% 6.97%
6.73% 6.51%
6.43%
6.15% 6.08%
5.88% 5.68%
5.31%
4.96%
4.63% 5.88%
4.33% 5.57%
4.04% 5.28%
3.53% 3.78% 5.00%
3.29%
2.87% 3.08% 4.49% 4.74%
2.34% 2.51% 2.69%
3.82% 4.03% 4.25%
2.19% 3.62%
3.25% 3.43%
2.76% 2.92% 3.08%
2.48% 2.62%
2.11% 2.23% 2.35%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
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Vietnam Table Mounted Water Purifiers Market Share, By Sales Channel
Figure 5: Vietnam Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Figure 6: Vietnam Online Table Mounted Water Purifiers Market Share, By Top 3 Online Players, By Volume, 2019
Ti Ki Joint Stock
Company, 22.36%
Others ( Adayroi,
Sendo etc.), 41.03%
Shopee Company
Limited, 19.55%
Lazada Vietnam,
17.06%
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Vietnam Table Mounted Water Purifiers Market Share, By Company
Figure 7: Vietnam Table Mounted Water Purifiers Market Share, By Company, By Value & Volume, 2019
SUNHOUSE Vietnam
9.83%
Co., Ltd
SUNHOUSE Vietnam
16.11%
Co., Ltd
A. O. Smith Vietnam
8.38%
Company Limited
Others includes ; Cow ay Vietnam , Unilever Vietnam I nternational Company Limited, W ater Supply and Sewer age Techn ology Devel opment Joint Stoc k Comp any (HTECH) ,
3M Vietnam Co., Ltd, Bes t Water Technology, DuPont Vietnam Limited etc.. etc.
Source: TechSci Res earch
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Vietnam Table Mounted Water Purifiers Market Share, By Region
Figure 8: Vietnam Table Mounted Water Purifiers Market Share, By Region, By Value, 2011- 2030F
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Northern Vietnam Central Vietnam Southern Vietnam
Figure 9: Vietnam Consumer Appliances Retail Market Share, By Value, By Consumer Appliances Type, 2019
Others ,
32.36% Refrigerator,
33.12% Vietnam Consumer Home
Appliances market size stood at
USD4.65 Billion in 2019
Washing
Air conditioners,
Machines,
25.07%
9.45% Source: TechSci Res earch
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List of Best-Selling Models Sold Through Offline & Online Channel
Table 1: Vietnam Table Mounted Water Purifiers Market, List of Best-Selling Models Sold Through Offline
Table 2: Vietnam Table Mounted Water Purifiers Market, List of Best-Selling Models Sold Through Online
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Vietnam Table Mounted Water Purifiers Market Attractiveness Index, By Technology
Figure 10: Vietnam Table Mounted Water Purifiers Market Attractiveness Index, By Technology, By Value, 2020E-2030F
25.00%
Market Size @ USD
35.45 Million
(High Growth-High
(High Growth-Low
Growing Market
Market Size)
Ideal Market
Market Size)
20.00%
NF
UV
UF
15.00%
CAGR (2020E-2030F)
2020E-2030F
Others
Overall Market
Growth @ 11.58%
10.00%
RO
(Low Growth-High
(Low Growth-Low
Common Market
Market Size)
Big Market
Market Size)
5.00%
0.00%
16.00%
Market Size @ USD
59.08 Million
(High Growth-High
(High Growth-Low
Growing Market
Market Size)
Ideal Market
Market Size)
Central Vietnam
14.00%
Southern Vietnam
12.00%
Overall Market
Growth @ 11.58%
Northern Vietnam
10.00%
CAGR (2020E-2030F)
2020-2030F
8.00%
6.00%
(Low Growth-High
Market Size)
Big Market
4.00%
(Low Growth-Low
Common Market
Market Size)
2.00%
0.00%
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Vietnam RO Table Mounted Water Purifiers Market Size, By Value & Volume
Figure 12: Vietnam RO Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand Units) 2011-
2030F
CAGR 2020E-2030F
CAGR 2013-2019
By Value: 9.35%
By Value: 8.99%
By Volume: 10.09%
By Volume: 8.50%
992.03
905.09
826.37
755.05
318.56
690.39
294.98
631.73
272.86
572.85
252.19
232.93
518.85
215.02
469.45
196.68
424.57
178.57
379.41
373.89
161.78
343.79
146.01
316.34
130.27
291.28
128.50
268.40
117.77
247.48
107.97
228.32
210.75
194.63
99.00
90.81
83.32
76.48
70.24
64.54
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E2021F2022F2023F2024F2025F2026F2027F2028F2029F2030F
Value (USD Million) Volume (Thousand Units) Source: TechSci Res earch
Figure 13: Current Wastewater Treatment Plants by Total Installed Capacity (Million m3/day) and Target of
Establishment of New Wastewater Treatment Plants by 2020
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Vietnam RO Table Mounted Water Purifiers Market Share, By Sales Channel
Figure 14: Vietnam RO Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Modern Trade General Trade
Figure 15: Vietnam percentage of household having hygienic water, by region 2019
99.80 99.80
95.20 96.00
94.40
87.80
Red River Delta Northern midlands North Central area Central Highlands South East Mekong River Delta
and mountain areas and Central coastal
area Source: www.gs o.gov.vn
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Vietnam UF
Table Mounted
Water Purifiers
Market
Outlook
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Vietnam UF Table Mounted Water Purifiers Market Size, By Value
Figure 16: Vietnam UF Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand Units)
2011- 2030F
CAGR 2020E-2030F
CAGR 2013-2019
By Value: 16.69%
By Value: 15.20%
By Volume: 12.74%
By Volume: 10.95%
130.31
116.00
103.36
75.09
92.18
64.70
82.28
55.80
73.52
48.17
65.11
41.62
57.60
50.91
36.00
44.99
30.89
39.29
37.84
26.35
34.01
22.45
30.60
27.55
19.07
24.82
22.39
16.04
14.92
20.20
18.24
12.91
16.48
11.18
9.69
8.41
7.30
6.34
5.52
4.81
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E2021F2022F2023F2024F2025F2026F2027F2028F2029F2030F
96.46
95.54
94.60
93.64
92.68
91.20
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Vietnam UF Table Mounted Water Purifiers Market Share, By Sales Channel
Figure 18: Vietnam UF Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F
69.55%
65.89% 66.44% 66.98% 67.51% 68.03% 68.55% 69.05%
62.40% 63.00% 63.60% 64.18% 64.76% 65.33%
58.55% 59.22% 59.87% 60.52% 61.16% 61.78%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Modern Trade General Trade
14.80
12.99
11.27
9.10
7.66
6.00
4.78 5.15
3.84
2011 2012 2013 2014 2015 2016 2017 2018 Prel. 2019
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Vietnam UV
Table Mounted
Water Purifiers
Market
Outlook
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Vietnam UV Table Mounted Water Purifiers Market Size, By Value & Volume
Figure 20: Vietnam UV Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume
(Thousand Units) 2011- 2030F
CAGR 2020E-2030F
CAGR 2013-2019
By Value: 17.76%
By Value: 16.26%
By Volume: 13.33%
By Volume: 11.53%
39.26
34.76
30.81
32.04
27.34
24.28
27.36
21.58
23.38
19.01
20.00
16.73
14.71
17.12
12.93
14.68
11.24
10.77
12.48
10.55
9.63
8.61
7.72
6.92
8.91
6.20
5.57
7.50
5.00
4.50
6.25
5.76
4.94
4.24
3.64
3.13
2.69
2.32
2.00
1.73
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E2021F2022F2023F2024F2025F2026F2027F2028F2029F2030F
Figure 21: Vietnam Urban Population % of Total Population, 2014-2019 Source: TechSci Res earch
36.63%
35.92%
35.21%
34.51%
33.81%
33.12%
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Vietnam UV Table Mounted Water Purifiers Market Share, By Sales Channel
Figure 22: Vietnam UV Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Modern Trade General Trade
Source: TechSci Res earch
Figure 23: Percentage of Rural Household with Hygienic Water, 2014 - 2019
94.7
93.7
90.6 90.8
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Vietnam NF
Table Mounted
Water Purifiers
Market
Outlook
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Vietnam NF Table Mounted Water Purifiers Market Size, By Value & Volume
Figure 24: Vietnam NF Table Mounted Water Purifiers Market Size, By Value (USD Million), Volume (Thousand Units)
2011- 2030F
CAGR 2020E-2030F
CAGR 2013-2019
By Value: 19.45%
By Value: 17.92%
By Volume: 13.75%
By Volume: 11.95%
42.39
43.54
37.40
33.02
36.65
29.19
30.88
25.82
22.87
26.04
20.07
21.98
17.60
18.58
15.42
13.50
15.57
11.68
11.15
12.98
10.80
9.94
8.86
7.90
7.06
8.97
6.31
5.64
7.36
5.05
6.69
4.52
5.66
4.79
4.05
3.43
2.91
2.47
2.10
1.79
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E2021F2022F2023F2024F2025F2026F2027F2028F2029F2030F
Figure 25: Percentage of Urban Household with Hygienic Water, 2014- 2019
99.5 99.4
99.0
98.3
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Vietnam NF Table Mounted Water Purifiers Market Share, By Sales Channel
Figure 26: Vietnam NF Table Mounted Water Purifiers Market Share, By Sales Channel, By Value, 2011- 2030F
69.75%
66.06% 66.61% 67.16% 67.69% 68.22% 68.74% 69.25%
62.54% 63.15% 63.75% 64.35% 64.93% 65.50%
58.66% 59.33% 60.00% 60.65% 61.29% 61.92%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Modern Trade General Trade
Source: TechSci Res earch
Figure 27: Monthly average income per capita at current prices, By Region, USD, 2019
270.0
223.2
143.2 167.1
113.5 133.1
Red River Delta Northern Midlands North Central area Central Highlands South East Mekong River Delta
and Mountain Areas and Central coastal
area
© T ec hSci© 44
TechSci Research
Research
Market
Dynamics
© T ec hSci© 45
TechSci Research
Research
Market Drivers
• In past few years, people have become quite concerned about their health and hygiene.
Owing to increasing health risks due to the consumption of contaminated water,
awareness among people about the health benef its of clean and safe bottled water is
grow ing in Vietnam. Water purifier demand is experiencing high year-on-year growth rate
Increasing
1 Awareness about of approximately 10-12% in the country. Moreover, young population is becoming more
Health and Wellness inclined towards clean & safe water, owing to its health benefits. With growing health
awareness, water purifier business is expected to bloom in Vietnam in the coming years.
• According to several reports, water reserves in various regions of Vietnam are declining
due to numerous episodes of drought and climatic changes, thereby aggravating water
management challenges and issues in the country. Thus, demand for water purifiers is
Scarcity of Safe anticipated to register strong growth in order to meet the increasing demand for safe
2 and Clean
drinking water in the country.
Drinking Water
• Additionally, the demand is expected to grow in coming years because of increase in jobs,
as major players such as Apple, Microsoft and Google are planning to shift their production
lines from China to Vietnam due to proximity to Shenzhen (China’s Manufacturing Hub),
thereby helping the organization to smoothly route their manufacturing units. In addition
to it Vietnam’s currency is more stable due to their economic policies and the country has
Rapid Economic pegged their currency directly with USD through Craw ling Peg system. All these factors
3 Growth and Rising
are anticipated to boost the economy and create new job opportunities, which will help to
Population
enhance spending power and livelihood of people. Moreover, increasing urban population,
which was approximately 35.69% as of 2019, is fueling demand for clean drinking water,
which is consequently expected to boost the water purif ier market in Vietnam during the
forecast period.
© T ec hSci Research 46
Market Challenges
One of the major factors inhibiting the growth of water purif ier market in Vietnam is stiff competition
from foreign players, as most of the foreign players are expanding their reach in Vietnam market
because of lucrative market and grow ing economy. The foreign players are expanding their businesses
Fierce
and product portfolio in Vietnam through their subsidiary companies and distributor reach. Additionally,
Competition
from Foreign the import of water purif iers and membranes has increased over the period in Vietnam, thus local
Players
manufacturing companies are anticipated to face stiff competition from foreign companies in coming
years.
Constantly growing demand for bottled water in Vietnam is encouraging the manufacturers to
increase their production facility to cater the increasing demand, which is expected to drive the
Growing growth of Vietnam bottled water, thus giving a major challenge to the water purifier
Demand for manufacturer & supplier in Vietnam. For instance, in June 2017, Suntory PepsiCo Vietna m
Packed Water Beverages Ltd. (SPVB) started its new beverage plant at the Dien Nam - Dien Ngoc Industrial
Bottles
Zone in Central Quang Nam province's Dien Ban town. The plant has 10 production lines with a
capacity of 850 million liters per year. The plant, which is located on 14 hectares, had an
invest ment of USD56 million in order to fulfil the growing domestic and export demand for
packaged water.
© T ec hSci Research 47
Market Trends &
Developments
© T ec hSci© 48
TechSci Research
Research
Market Trends and Developments
awareness about clean and safe drinking water. For instance, 10th edition of Vietwater exhibition organized by UBM Asia
during November 6-8 2019 was mainly intended to boost awareness towards the consumption of clean and safe water in the
1 country. Moreover, Vietwater 2020 is an upcoming event to promote wastewater, water supply segments across the country
from 11-13 November 2020 in Ho Chi Minh City. Such initiatives are anticipated to increase the awareness among people
regarding water purifiers, thereby propelling the demand for water purifiers during the forecast period
Over the last few years, multi-stage systems have gained momentum in the country. In general, these systems use filter
cartridges such as sediment water filters or activated carbon water filters in combination with RO or UF membrane to improve
2 TDS level, reduce hardness, decrease chlorine odor and treat microbial contamination effectively. For instance, companies
such as The Kangaroo Group, Karofi JSC and SunHouse Vietnam offer a wide range of multi-stage purification systems to
Portable water purification systems are gaining popularity across Vietnam due to scarcity of clean and good quality water.
Grow ing awareness about water borne diseases associated with exposure to contaminated water during activities such as
3
hiking, camping, back packing is leading to surge in demand for portable purifiers across the country. Apart from portability,
economical prices of portable water purif iers is positively influencing the demand for these water purif iers in the country.
Moreover, majority of the population in Vietnam resides in rural areas and is being supplied w ith highly contaminated water.
Therefore, portable water purifiers can provide a solution to the population living in rural areas as well as to the travellers.
© T ec hSci Research 49
Market Trends and Developments
to efficiently remove contaminants. Apart from these filtration techniques, the Nanofiltration membrane technique is
4 also gaining traction as a cost-effective and highly efficient water purif ication technology. Nanofiltration membranes
have much smaller pore size (1-10 nanometers) as compared to UF and microf iltration, which enhances the
Rising demand for cost effective water purif iers has pushed the manufacturers operating in water purifier market to 50
invest heavily in R&D activities and develop new and innovative products that are in line with customer requirements.
In line with this trend, market leaders such as The Kangaroo Group, Karofi Group and SunHouse Vietnam are
5
increasing focusing on launching new water purifier products.
Websites such as Lazada, Tiki.vn, Shopee and Adayroi.vn are attracting costumers. The shift from traditional retail to
e-retail platforms in the water purif iers segment is also benef icial from the customer’s perspective, as it enables
customers to easily compare specifications and pricing of different models. In 2019, 32% of the total population of
6 Vietnam, preferred to shop from online platforms. Further, this trend is expected to lead to a positive outcome in the
coming years as well, which is further expected to drive sales of water purif iers through e-commerce channels in
Vietnam.
.
© T ec hSci Research 50
Policy &
Regulatory
Landscape
© T ec hSci© 51
TechSci Research
Research
Policy & Regulatory Landscape
Mercury 0.1%
Cadmium 0.01%
Lead 0.1%
© T ec hSci© 52
TechSci Research
Research
Policy & Regulatory Landscape
1. ISO 9001:2008: This certification was released on 15th November 2008, as a member of
standards were developed for quality management of the products, which can be used by
2. Also, ISO 9001:2008 underlines standards for products as per customer’s needs, apart
from enhancing the application and product quality. ISO 9001:2008 certified companies are
➢ Leadership qualities
➢ Continuous improvement
© T ec hSci© 53
TechSci Research
Research
Policy & Regulatory Landscape
• Vietnam’s Ministry of Health, under the World Health Organization (WHO) and United Nations International Children's Emergency
Fund (UNICEF) guidelines, is focused towards implementing mandatory regulatory policies related to the distribution and supply of
• Additionally, according to a report by Vietnam International Water Week 2018, approximately 4.5 million local population of the
country fall short of access to clean drinking water. Moreover, providing access to clean drinking water to Vietnam population is
among the government's top priority list, thereby encouraging water companies to establish their business in the country.
categories such as IT and office equipment, household electronics and appliances, lighting
equipment, testing and measuring equipment, electrical medical equipment and portable
© T ec hSci© 54
TechSci Research
Research
Vietnam
Economic
Profile
© T ec hSci© 55
TechSci Research
Research
Vietnam Economic Profile
Female : Male
Population (Million)
Ratio (2019)
50.08%
2019 96.46
© T ec hSci Research 56
Vietnam Economic Profile
Vietnam’s GDP, 2011-2019 (USD Billion) Vietnam’s GDP Growth Rate, 2011-2019
245.21 261.92
223.78 7.08% 7.02%
193.24 205.28 6.68% 6.81%
6.21%
In USD
2,567 2,715
2,366
2,085 2,192
36.63% Urban
Population
63.27% Rural
Population
2015 2016 2017 2018 2019
© T ec hSci Research 57
Impact of
COVID-19 on
Vietnam
Water Purifier
Market
© T ec hSci© 58
TechSci Research
Research
Impact Assessment : COVID-19
Aftersales Service
© T ec hSci Research 59
Competitive
Landscape
© T ec hSci© 60
TechSci Research
Research
Karofi Group Joint Stock Company
Business Description
cooler, air purifier and RO membranes & accessories. ❑ KAROFI OPTIMUS HOT + O-H238 ❑ Korihome Water
• The company aims to be a leader in filtration technology and WATER FILTER Purifier WPK888- IHA
bring advanced water purifiers in the market. As an initial ❑ KAROFI OPTIMUS PLUS O-P1310 ❑ Korihome WPK- G60S
breakthrough, in Vietnam, the company has launched an iRO WATER FILTER, etc. Water Purifier, etc.
intelligent water purifier enclosed with intelligent
Key Personnel
microprocessors unit.
• The company is the official and sole partner of Dow • Dien May Sakura- CEO
Chemicals to promote the global brand of Dow FilmtecTM Corporate Office
reverse osmosis membranes. 8th Floor, HUDLAND Tower Building, Lot A-CC7, Linh Dam
• The company has around 1500 employees nationwide, General Service Area, Nguyen Huu Tho Street, Hoang Liet
handling business operations in Vietnam. Moreover, the Ward, Hoang Mai District, Hanoi
company has around 4,000 retailing points outlets nationwide Tel: +84-24-3540 9152 / +84-24-1900 6418
to serve the market. Website: www.karofi.com/en
© T ec hSci Research 61
The Kangaroo Group
Business Description
• The Kangaroo Group was established in 2003 and is
headquartered in Hanoi, Vietnam.
• The company is engaged in the manufacturing and
Founded: 2003
distribution of RO water purifiers, home appliance, kitchen Headquarters:
appliances, refrigeration and sanitary ware & water heater Hanoi, Vietnam
handling more than 40,000 point of sales and distribution Purifier KG100HU Plus KG108AVTU
❑ RO Water Purifier KG400 (65 ❑ Kangaroo RO Water Purifier
units.
Liters/Hour) KG110
• The company has strong domestic presence with two
❑ Kangaroo Water Purifier RO ❑ Kangaroo RO Water Purifier
manufacturing units clubbed with two R&D center located KG19A3 KG109AKV
in Vietnam. ❑ Cold Alkaline Hydrogen Water ❑ Kangaroo RO Water Purifier
• The company has international presence in Myanmar, Ionizer Kg 123HQ KG109AVTU, etc.
Indonesia and Laos and is planning to expand its reach in Key Personnel
• The company has invested largely in research and • Josepha von Metternich- Director
development of applications such as anti bacteria
Corporate Office
technology, Hydrogen rich water technology and
Floor 5, Ocean Park Building,
wastewater recycle technology coupled with Vortex 1 Dao Duy Anh Street,
Dong Da District,
Filtration technology to provide advance water filter Hanoi, Vietnam
Tel: +84-24- 3628 1698
solution in the region. Website : www.kangaroo.vn/en/
© T ec hSci Research 62
SUNHOUSE Vietnam Co., Ltd.
Business Description
© T ec hSci Research 63
A.O. Smith Vietnam Company Limited
Business Description
© T ec hSci Research 64
Coway Vietnam
Business Description
by WQA (Water Quality Association, USA) for ❑ JOEY P-300R ❑ COWBOY AP-1008DH
maintaining its safety & quality standards. Further, the ❑ HARRY CHP-590R ❑ HERO APM-1010DH
company is the world’s largest indoor filter ❑ CORE CHP-671R ❑ JERU AP-0509DH
manufacturer.
• The company offers three rental plans for Vietnam Key Personnel
© T ec hSci Research 65
Unilever Vietnam International Company Limited
Business Description
• Unilever International Vietnam Limited was established in
• The company is engaged in the manufacturing of • Pureit Casa water purifier • Ultima Filter 1
household goods and one of the largest companies • Excella Pureit water purifier • Excella Filter
• The company manufactures and markets its water • Alan Jope- CEO
purifiers under the brand Unilever Pureit in 14 countries.
• Globally, the quality of filtered water has been certified Corporate Office
and tested by around 35 organizations operating across 156 Nguyen Luong Bang St.,
Tan Phu Ward,
the globe. Dist. 7, Ho Chi Minh City,
Vietnam.
• Additionally, water purifiers manufactured by Unilever Tel: +84 28 5413 5686 / +84 28 38236651
+84 28 3892024 / +84 28 54135686
meet the standard issued by the Ministry of Health and
Website : www.unilever.com.vn/
certified by Pasteur Institute. www.pureitwater.com/VN/
© T ec hSci Research 66
W a t e r S u p p l y a n d S e w e r a g e Te c h n o l o g y D e v e l o p m e n t
Joint Stock Company (HTECH)
Business Description
© T ec hSci Research 67
3M Vietnam Co., Ltd
Business Description
© T ec hSci Research 68
B e s t W a t e r Te c h n o l o g y
Business Description
• The company has mapped shower and bath water, Ho Chi Minh City
drinking and mineral water-based filtration under Tel: +84-28 710 618 00
© T ec hSci Research 69
DuPont Vietnam Limited
Business Description
safety & construction, and transportation & advanced ❑ FILMTEC™ LCLE 4040 ❑ FilmTec™ TW30-1812-36
polymers.
❑ FILMTEC™ BW 30-400 ❑ FilmTec ™ TW30-1812-100HR
• The company is a leading supplier of reverse osmosis,
nano-filtration and ultra-filtration membranes that are ❑ FilmTec™ Aqualast™ 1812
© T ec hSci Research 70
Strategic
Recommendations
© T ec hSci© 71
TechSci Research
Research
Focus on Northern Region
including cities such as Hanoi, Hai Phong, Bac Ninh, Hai Duong, Hung Yen,
Vinh Phuc, and Quang Ninh. The area has seen significant development since
• Imports play a significant role in fulfilling the demand for water purifiers in
importing water purifier systems from Asian markets, especially China. The
from China towards South East Asian nations. The proximity of this region to
purifier companies can also develop Vietnam as an export hub for other
© T ec hSci Research 72
Focus on RO, UF and Media Technology
• RO, UF and media are the key technologies used for water purification in
due to its property of effectively removing impurities, germs and dissolved salts
from water. Additionally, the TDS levels in Vietnam are high, which makes end
coupled with rise in water borne diseases has catalyzed the demand for RO
• These technologies are expected to dominate the market during the forecast
period and therefore, water purifier manufacturers should come up with new
market
© T ec hSci Research 73
Service Portfolio and Online Portfolio
• Due to COVID-19 situation across the globe, most of the water purifier
systems such as dedicated product video mapping offering all the details
and benef its regarding the product, assigning a product executive who can
assist and guide the audience in a more fruitful way, thereby giving all the
the time. By offering after-sales services, companies not only gain trust and
customer relationship but also generate high revenue by selling spare parts
during the time of cleaning and maintenance. For instance, companies can
5-year term in which, the manufacturing company will provide all the
service related to the water purifier within def ined timeframe as per the
contract terms.
© T ec hSci Research 74
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