Water Dispensers Market to Grow at 13% CAGR in India
Depleting ground water levels, rising water
contamination due to improper industrial waste disposal, coupled with growing
health awareness among consumers to drive water dispensers market in India
through 2021.
According to TechSci Research
report, “India Water Dispensers Market By Type, By Point of Sale, By
End User, Competition Forecast and Opportunities, 2011–2021”, water
dispensers market in India is anticipated to grow at a CAGR of over 13% during
2016-2021, due to rising disposable income levels, increasing demand from industries
and factories, launch of ‘Make In India’ program and increasing water contamination
through wastes released by industries. India water dispensers market is
expected to be dominated by top mounted water dispensers due to its reasonable
price and technological innovations.
In 2015, the sales of water dispensers were
dominated in western and southern states due to increasing demand for
packaged or bottled water and growing water shortage problems in the states. Increasing
ground water contamination, rising population, industrialisation and urbanisation,
depleting water resources and increasing demand for bottled are some of the
factors driving sales of water dispensers.
In
2015, Voltas, Blue Star, Carrier Midea and Atlantis were some of the leading players
in India water dispensers market. In addition, presence of local Chinese
players also makes it a competitive market.
“Need
to desalinate water to make it suitable for human consumption, deteriorating
water quality, reduction in groundwater table, increasing salt and chlorine
concentration in water supplied to consumers for drinking, growing health
concerns, etc., are some of the main reasons due to which people are opting for
bottled/packaged drinking water and this is in turn, is boosting demand for
water dispensers in the country. Regardless of improvements in drinking water, many
water resources are contaminated with bio and chemical pollutants. About 21% of
the diseases in the country are water borne. This is anticipated to increase
awareness among consumers, and boost demand for packaged drinking water and subsequently
water dispensers in the country.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Water Dispensers Market By Type, By Point of Sale, By End User,
Competition Forecast and Opportunities, 2011–2021”, has
evaluated the future growth potential of India water dispensers market and
provides statistics and information on market structure, size, share and future
growth of India water dispensers market. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also analyses the consumer behaviour
which includes spending pattern, brand awareness level, frequency of purchase of
water dispensers through retail stores.