According to TechSci Research Report, “Singapore Water Purifier Market –By Region, Competition Forecast & Opportunities, 2018-2028F,” the Singapore Water Purifier Market is forecast to register an impressive CAGR of 11.64% in the forecast period due to increasing demand for water purifiers with multi-functional features such as ice-making feature, five-stage filtration system and four temperatures set-up.
The Singapore water purifier market is driven by several key factors that contribute to its growth and development. o the increasing awareness and concern among Singaporeans about the quality of tap water have been a significant driver. Consumers are becoming more educated about the potential presence of contaminants in tap water and the importance of consuming safe and clean water for their health and well-being. This awareness has fueled the demand for water purifiers as a reliable and convenient solution to ensure the purity of drinking water.
However, the well-regulated water supply in Singapore, while meeting high safety standards, still contains traces of chemical disinfectants such as chlorine and sulfate. These chemicals are necessary for water treatment but can impact the taste and odor of tap water. As a result, individuals are increasingly turning to water purifiers to address these concerns and enhance the overall quality of their drinking water.
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Another factor driving the growth of the water purifier market in Singapore is the growing consumer preference for convenience and cost-effectiveness. Bottled water consumption is common in Singapore, but it can be expensive and environmentally unfriendly. By using water purifiers at home or in commercial settings, individuals can have a continuous supply of clean water at a fraction of the cost of purchasing bottled water. This convenience factor, coupled with the long-term cost savings, makes water purifiers an attractive option for many consumers.
The Singapore water purifier market is characterized by the presence of both local and international manufacturers and suppliers. Established brands, as well as emerging players, compete in the market, offering a diverse range of products with varying features and price points. However, the key market players offer a wide range of water purification technologies and products to cater to different consumer needs and preferences. These include reverse osmosis (RO) systems, ultraviolet (UV) disinfection units, ion exchange filters, combination of various filtration systems and more. Each technology addresses specific contaminants and offers unique advantages in terms of filtration efficiency, maintenance requirements, and enhances the market growth.
The Singapore Water Purifier market is segmented based on type, end use, sales channel, region and competitive landscape.
Based on type the market is fragmented into counter top, under sink, faucet mount and others (floor standing, pitchers, etc.). Counter top segment dominates the water purifier market in Singapore due to several reasons, including easy portability and installation of counter top models, minimal maintenance requirement.. These factors contribute to their popularity and make them accessible to a wide range of consumers.
Based on the end use the market is divided into residential and commercial. Residential is the category that dominates among them, and this trend is expected to continue during the estimated period. Moreover, residential buildings need significantly more water than commercial facilities for everyday cooking, washing, and other activities.
Based on sales channel the market is segmented into distributors, multi-branded stores/exclusive stores, online, supermarkets/hypermarkets, others (plumbers & direct sales, etc.). Among the other segments, online sales have gained significant popularity as consumers increasingly prefer the convenience of online shopping.
On the basis of region, the market is divided into central, north-east, east, west, north.
Key market players in the Singapore Water Purifier market include:
- Philips Singapore Pte Ltd.
- Ruhens SG (Home Hedge Pte Ltd)
- Hydroflux Marketing Pte Ltd
- Wells Singapore
- Filtech
- Novita Sg Pte Ltd
- Aqua Kent Singapore
- Sterra Tech Pte. Ltd.
- Panasonic Asia Pacific Pte., Ltd
- BRITA Hong Kong Limited
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“The Singapore water purifier market is experiencing significant growth due to increasing awareness about water quality, concerns regarding residual contaminants, and the need for effective purification solutions. Moreover, the number of smart water purifier launches in the country is significantly rising as a result of the utilization of numerous promotional activities to draw in a larger consumer base. For instance, Wells Singapore’s provision of home demo sessions is anticipated to support the expansion of the water purifier market in Singapore.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Singapore Water Purifier Market Size By Type ((Counter Top, Under Sink, Faucet Mount & Others (Floor Standing, Pitchers etc.)), By End Use (Residential and Commercial), By Sales Channel (Distributors, Multi-Branded Stores/Exclusive Stores, Online, Supermarkets/Hypermarkets, Others (Plumbers & Direct Sales, etc.)), By Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future growth potential of water purifier market in Singapore and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Singapore Water Purifier market.
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