The Malaysian water purifier market is segmented based on technology, end users, distribution channels, and portability. According to different technologies, the Malaysian water purifier market is divided into ultraviolet water purifiers, reverse osmosis water purifiers, and gravity water purifiers. Among them, the RO segment market occupied the main market share in 2021 and is expected to maintain its dominant position during the forecast period. The RO water purification system is widely adopted nationwide due to its high performance, low power consumption, and regular technological innovation. However, during the forecast period, the growth of the Malaysian water purifier market is expected to decline in the UV and gravity based water purifier sector. Compared to RO water purifiers, UV water purifiers have lower efficiency and cost-effectiveness, which increases the adoption rate of RO water purifiers in low-income groups.
The most important natural resource for sustaining life is water. Due to industrial expansion and untreated wastewater discharge in water bodies, water quality has decreased, and the content of hazardous chemicals such as chlorides, fluorides, and nitrates in groundwater has been increasing, leading to increasing health concerns. In addition, due to the increasing proportion of contaminated water, the increasing number of cases of various water-borne diseases such as diarrhea, hepatitis, and roundworms, as well as the increasing demand for safe drinking water, the expansion of the Malaysian water purifier market is expected to accelerate.
According to end-users, the market is divided into commercial and residential sectors. During the forecast period, the business sector will grow at a moderate rate. This is due to the increase in the number of offices, schools, restaurants, and hotels across Malaysia. However, the residential market dominates the market. This is due to the deterioration of water quality, the acceleration of urbanization and the surge in the incidence rate of water-borne diseases. Water purifiers are becoming more and more popular among residential users.
Divided into retail stores, direct sales, and online according to distribution channels. Compared to other fields, the retail store sector accounted for the main share in 2021. This is because consumers have a high affinity for physical stores, as they are considered safe and allow consumers to try out products before making a purchase. In addition, retail stores also have the additional advantage of instant gratification, which further enhances their popularity.
According to portability, the market is divided into portable and non portable types. During the forecast period, the portable market will grow at a moderate rate. Military personnel, campers, hikers, and workers living in areas with poor drinking water are increasingly using portable water purifiers, which is expected to drive the expansion of this field.
Due to the COVID-19 pandemic, exporters from both developed and developing countries are facing many difficulties. The blockade and curfew procedures implemented globally have had an impact on domestic and foreign water purifier manufacturers, thereby hindering market expansion. Therefore, the COVID-19 pandemic had a negative impact on the Malaysian water purifier market in 2020, leading to a decrease in company sales and a suspension of operations.
The main participant in the market analysis of water purifiers in Malaysia is Amway (Malaysia) Limited. Bhd., Bio Pure (Elken Global Sdn. Bhd.), Coway (Malaysia) Sdn Bhd. Limited, CUCKOO, International (Malaysia) Limited Bhd., Diamond (Malaysia), LG Electronics Inc., Nesh Malaysia, Panasonic Malaysia Sdn. Bhd., SK Magic (Malaysia).
Main research findings:
- From a technical perspective, the RO segment is expected to become the largest contributor to the Malaysian water purifier market, reaching $169.1 million by 2021 and $364.4 million, with a compound annual growth rate of 8.5% from 2022 to 2031.
- According to end-user calculations, the residential sector is expected to become the largest contributor to the Malaysian water purifier market, reaching $189.4 million by 2021 and $390.7 million by 2031, with a compound annual growth rate of 8.0% from 2022 to 2031.
- According to different distribution channels, the retail department is expected to become the largest contributor to the Malaysian water purifier market, reaching $185.5 million by 2021 and $381 million, with a compound annual growth rate of 7.9% from 2022 to 2031.
- Based on portability, the non portable segment is expected to become the largest contributor to the Malaysian water purifier market, reaching $253.4 million by 2021 and $529.7 million by 2031, with a compound annual growth rate of 8.1% from 2022 to 2031.
Post time: Oct-25-2023