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.
The term "water purifier" refers to a portable device that cleans water of dangerous materials, chemicals, pathogens, bacteria, and other dissolved solids.
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About 97% of the nation's water supply in Malaysia comes from natural freshwater sources. Water filters are becoming more and more necessary as a result of the rapid urbanization and population growth. Massive amounts of rubbish, including residential, industrial, commercial, and transportation waste, are being produced as a result of rapid development; these wastes all unavoidably find up in water bodies. According to a report by Malaysia's Department of Environment (DoE), 34 of the nation's 195 rivers are extremely contaminated. Water purifier demand has escalated as a result of the ongoing degradation of Malaysia's main water supply sources.
The market for water purifiers in Malaysia is expanding as a result of rising disposable income in emerging economies. Customers' purchasing power increases as their income levels rise, raising their standard of living. Additionally, the increased supply of safe water by municipalities and the rise in the number of water recycling treatments in emerging nations like Malaysia fuel demand for water purification systems. Due to population skill growth and an increase in employment in service-oriented industries, certain rising countries, including Malaysia, have seen their discretionary income rise. As a result, the market for water purifiers in Malaysia has grown and the demand for water filtration systems in these fields has expanded. The adoption of cleanliness habits is a result of the population's growing concern for their health and well being. This is a significant contributing reason to the expansion of the Malaysia water purifier market.
Additionally, the health of consumers in numerous places has improved due to the widespread availability of healthcare services, changes in economic and social systems, and enhanced diagnostics. The demand for water purification systems is therefore fueled by an increase in health consciousness and an increase in the occurrence of waterborne infections.
The UN and WHO estimate that every 21 seconds, a child and almost 3.5 million other people in developing nations pass away from waterborne diseases brought on by consuming contaminated water. Due to a lack of fresh water, an increase in pollution, and a sharp population increase, the problem is worse in developing nations like Malaysia. As a result, the demand for water purifiers in Malaysia is considerably driven by the rise in the incidence of waterborne diseases. A severe health risk is the declining quality of water. It causes numerous water-borne infections and poses serious health hazards. Untreated sewage, chemicals, pesticides, nutrients, and rubbish from businesses, agriculture, and governmental entities are dumped into water bodies, which has led to a decline in water quality. When it comes to heavy metals, viruses, cysts, bacteria, and other toxins, the majority of the water that municipal authorities provide in metropolitan areas is hazardous to drink and needs to be further decontaminated. In Malaysia, demand for water purifiers is predicted to soar as industrialization increases water pollution in the years to come.
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The well-known market players concentrate on releasing high-tech items with sophisticated water purification systems. These companies have made significant investments in research and development in order to market water purifiers that use technologies including reverse osmosis, ozone, ultra-violet, ultra-filtration, activated carbon, and candle filtration. Also introduced to the market are filter pitchers and purifiers with Wi-Fi capabilities. To meet the rising need for potable water, industry players are anticipated to introduce more innovative products and services.
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. By end user, the market comprises of commercial and residential. By distribution channel, the Malaysia water purifier market is divided into retail stores, direct sales, and online. By portability, it is bifurcated into portable and non portable.
The major players analyzed for the 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). Key players operating in the Malaysia water purifier market have adopted product launch as key strategy to expand their Malaysia water purifier market share, increase profitability, and remain competitive in the market.
The LG PuriCare self-service tankless water purifier has been added to the product line by LG Electronics Malaysia, a subsidiary of LG Electronics Inc. In Malaysia, there is an increasing need for cutting-edge water purifiers, and this company will help meet that demand. A new line of water purifiers, including Panasonic's under-sink and faucet models, has been introduced by Panasonic Malaysia Sdn. Bhd. In addition to meeting the increasing need for water purifiers, this company will offer new solutions for health and wellbeing.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current Malaysia water purifier market trends, estimations, and dynamics from 2022 to 2031 to assist to identify the prevailing market opportunities.
- Major countries in each region are mapped according to the individual market revenue.
- The region-wise and country-wise market conditions are comprehensively analyzed.
- This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
- An in-depth analysis of each segment of the market is provided to assist the prevailing market opportunities.
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