The South Korea water purifiers market is projected to grow at a CAGR of over 15% during 2016-2025, on account of deteriorating drinking water quality due to recurrent floods coupled with rapid industrial discharge in water bodies. Increasing urbanization is driving demand for clean water and water purification technologies.
Increasing water contamination in conjugation with rapid industrialization is leading to unmonitored discharge of wastewater in water bodies and has driven robust growth in demand for water purifiers in South Korea. Heavy rainfall along with growing flood incidents in South Korea have resulted in the contamination of major water resources in the country.
Additionally, strong growth in the industrial sector of Korea coupled with wastewater discharge leads to high levels of toxic chemical concentration in groundwater. Consequently, rising awareness regarding increasing water contamination levels together with absence of any regulatory body in Korea is forecast to boost sales of water purifiers in the country.
Consequently, rising awareness regarding water contamination as well as advanced water technologies in South Korea is anticipated to stimulate growth of water purifiers market in the country. Central region dominated South Korea water purifiers market, on the back of high COD levels and total phosphorus content in Nakdong and Geum rivers, the major sources of drinking water supply in the regions.
- Amway Korea Ltd.
- Biocera Co., Ltd.
- ChungHoNais Co., Ltd.
- Coway Co., Ltd.
- Cuckoo Electronics Co., Ltd.
- Hanilworld Co., Ltd.
- Kyowon Co., Ltd.
- LG Electronics
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Water Purifiers Market Overview
5. Korea Water Purifiers Market Overview
6. Pricing Analysis
7. Trade Dynamics
8. Market Dynamics
9. Market Trends & Developments
10. Policy & Regulatory Landscape
11. Korea Economic Profile
12. Competitive Landscape
13. Strategic Recommendations
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