Thailand Water Purifier Market Size Set to Reach USD 430 Million by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Thailand water purifier market size at USD 275.35 million in 2022. During the forecast period between 2023 and 2029, Thailand water purifier market size is to grow at a robust CAGR of 7.71% reaching a value of USD 429.86 million by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Thailand water purifier market size at USD 275.35 million in 2022. During the forecast period between 2023 and 2029, Thailand water purifier market size is to grow at a robust CAGR of 7.71% reaching a value of USD 429.86 million by 2029. Consumer awareness of the value of clean, safe drinking water is one of the main factors driving the growth of the water purifier market in Thailand. This increased demand has fueled the market for these devices. Also, with technical development, purifying methods like reverse osmosis and UV filters have become more effective and creative. To meet the needs of urban dwellers and travelers, compact and portable purifiers are becoming increasingly popular. Further, the market has seen an increase in online sales and e-commerce platforms, making a variety of water purifiers easily accessible. Overall, consumer awareness and developing technology are driving the favorable growth trajectory of the Thailand water purifier market.
Thailand Water Purifier Market – Overview
A water purifier is a device that removes pollutants and toxins from water, making it safe to drink. To remove dangerous things such as germs, viruses, chemicals, and heavy metals, it employs a variety of filtration processes such as activated carbon filters, reverse osmosis, UV sterilization, and sediment filters. Water purifiers come in a variety of styles, including countertop, faucet-mounted, pitcher-style, and whole-house systems, to meet a variety of needs and tastes. Water purifiers improve the taste, odor, and purity of water by removing pollutants, promoting better health and well-being. They are often utilized in homes, offices, schools, and other situations where clean, pure water is required.
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Impact of COVID-19 on Thailand Water Purifier Market
The COVID-19 pandemic significantly impacted the Thailand water purifier market, highlighting the importance of clean and safe drinking water. With the rising concern for health and hygiene, there has been a surge in demand for water purifiers among households, businesses, and healthcare facilities. Consumers are increasingly aware of the need to eliminate contaminants and viruses from their water sources, driving the adoption of advanced purification technologies. Manufacturers have responded by introducing innovative products such as UV-based and multi-stage filtration systems. However, the pandemic has also posed logistical challenges, affecting the supply chain and distribution networks. Overall, COVID-19 has reshaped the Thailand water purifier market, emphasizing the necessity for reliable and effective water purification solutions.
Thailand Water Purifier Market – By End User
On the basis of end user, Thailand water purifier market is divided into Residential, Commercial, and Industrial segments. The residential segment is the largest end user. The demand for water purifiers in Thai households has witnessed significant growth due to increasing concerns over water quality and health awareness among consumers. Residential water purifiers are designed to provide clean and safe drinking water to individuals and families, making them an essential appliance in many Thai homes. This segment's dominance is driven by the rising urban population, improving living standards, and the need for reliable water purification solutions for domestic use.
Competitive Landscape
Thailand water purifier market is fiercely competitive. Major companies in the market include Thiensurat Public Company Limited, Mazuma Thailand Co., Ltd., Functional International Public Company Limited, Coway (Thailand) Co., Ltd., By Cleansui Co., Ltd., Smart Electrical Supplies Co., Ltd (Clarte), Filter Mart Company Limited, Panasonic Management (Thailand) Co., Ltd., Aquacheme Co., Ltd., Filter Vision Public Company Limited, and Amway Thailand Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Thailand water purifier market
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