According to a new report published by Allied Market Research, titled, “Malaysia Water Purifier Market by Technology, End User, Distribution Channel, and Portability: Global Opportunity Analysis and Industry Forecast, 2022–2031,” The Malaysia water purifier market size is estimated to account for $256.3 million in 2021, and is expected to grow at a CAGR of 8.1% to reach $536.6 million by 2031.
Get Sample Copy of Report Here @ https://www.alliedmarketresearch.com/request-sample/4992
The increase in demand for safe drinking water, growing public awareness of diseases transmitted through the water, and declining water quality due to heavy metals like zinc, lead, magnesium, etc. are the main factors of the growth. In addition, the increasing demand for a healthy lifestyle among consumers, the growing global scarcity of freshwater, and rising disposable income are all expected to drive market expansion. The market participants’ introduction of technology-integrated smart water purifiers as well as an increase in disposable industrial waste and untreated sewage in water bodies are driving up demand for water purifiers.
The most important natural resource for sustaining life is water. People’s concerns about their health have increased as a result of the rising prevalence of hazardous chemicals like chlorides, fluorides, and nitrate in groundwater as a result of decreasing water quality brought on by industrial expansion and the disposal of untreated sewage waste in water bodies. Additionally, the expansion of the Malaysia water purifier market is projected to be accelerated by the rising proportion of contaminated water, rising cases of different water-borne illnesses including diarrhea, hepatitis, and roundworms, and rising demand for safe drinking water.
The Malaysia water purifier market is segmented on the basis of technology, end user, distribution channel, and portability. Depending on technology, the Malaysia water purifier market is classified into UV, RO, and gravity based. Among these, the RO segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period. RO water purification systems are widely adopted across the country, due to their performance efficiency, low electricity consumption, and regular technological innovation. However, the UV & gravity-based water purifiers segment is expected to witness decline in the Malaysia water purifier market growth during the forecast period. UV water purifiers are less efficient and cost-effective as compared to RO water purifiers, which increases RO water purifiers’ adoption among low-income groups.
By end user, the market is divided into commercial and residential. The commercial segment is growing at a moderate rate during the forecast period. This is due to rise in the number of offices, schools, restaurants, and hotels all around the Malaysia. However, residential segment is dominating the market. This is attributed to the fact that water purifiers gained popularity among residential users, due to deteriorating water quality, rise in urbanization, and surge in incidence of waterborne diseases.
LIMITED-TIME OFFER – Buy Now & Get Exclusive 15% Discount on this Report @ https://www.alliedmarketresearch.com/checkout-final/48c2069f95ea7be3a13fec664d60c61a
By distribution channel, it is classified into retail stores, direct sales, and online. The retail stores segment held a major share 2021 as compared to others. This was attributed to higher affinity of consumers toward physical stores, as they are perceived to be safe and allow consumers to try the product before purchase. Moreover, retail stores have the added advantage of immediate gratification, which further boosts its popularity.
By portability, the market is divided into portable and non portable. The portable segment is growing at a moderate rate during the forecast period. The growing use of portable water purifiers by military personnel, campers, hikers, and workers who live in places with poor drinking water is expected to fuel the segment’s expansion.
Exporters in both developed and developing nations faced a number of difficulties as a result of the COVID-19 epidemic. The implementation of lockdown and curfew procedures on a global scale had an impact on both domestic and foreign manufacture of water purifier, which in turn hindered market expansion. As a result, the COVID-19 epidemic had a negative influence on the Malaysia water purifier market in 2020 as a result of decreased company sales and operations being suspended.
The major players analyzed for Malaysia water purifier market are Amway (Malaysia) Sdn. Bhd., Bio Pure (Elken Global Sdn. Bhd.), Coway (Malaysia) Sdn. Bhd., CUCKOO, International (Mal) Sdn. Bhd., Diamond (Malaysia), LG Electronics Inc., Nesh Malaysia, Panasonic Malaysia Sdn. Bhd., SK Magic (Malaysia).
Inquiry Before Buying @ : https://www.alliedmarketresearch.com/purchase-enquiry/4992
Key Findings Of Study
- By technology, the RO segment is anticipated to be the highest contributor to the Malaysia water purifier market with $169.1 million in 2021, and is estimated to reach $364.4 million, growing at a CAGR of 8.5% from 2022 to 2031.
- By end user, the residential segment is anticipated to be the highest contributor to the Malaysia water purifier market with $189.4 million in 2021, and is estimated to reach $390.7 million by 2031 growing at a CAGR of 8.0% from 2022 to 2031.
- Depending on distribution channel, the retail stores segment is anticipated to be the highest contributor to the Malaysia water purifier market with $185.5 million in 2021, and is estimated to reach $381.0 million, growing at a CAGR of 7.9% from 2022 to 2031.
- By portability, the non portable segment is anticipated to be the highest contributor to the Malaysia water purifier market with $253.4 million in 2021, and is estimated to reach $529.7 million by 2031 growing at a CAGR of 8.1% from 2022 to 2031.
Reasons to Buy this Malaysia Water Purifier Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you’re looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Related Report :
Water Well Drilling Services Market
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com