Saudi Arabia Water Dispenser Market to be dominated by Top Mounted Water Dispenser through 2027
High demand for packaged
drinking water and the high per capita income of consumers are driving the demand
of Saudi Arabia water dispenser market in the forecast period, 2023-2027.
According
to TechSci Research report, “Saudi Arabia Water Dispenser Market By Region, Competition
Forecast & Opportunities, 2027”,
the Saudi Arabia water dispenser market is expected to grow at a steady rate in
the forecast period, 2023-2027. The water dispenser is also known as a water
cooler which dispenses water. It provides a live stream of chilled and hot
boiling water and is a cost-effective water purification process. People prefer
to drink water from a water dispenser instead of a tap or sink as it provides
the option to have immediately cooled or heated water. The water dispenser
provides easy access to drinking water, and due to the hot and arid climate
prevalent in Saudi Arabia, water dispensers are actively installed across the
commercial and residential sectors. They are considered an environment-friendly
option as the regular buying of personal bottled water leaves a lot of plastic
waste. The high demand for water dispensers from offices is expected to surge
the market demand. It provides the employees and clients with easy access to
water by eliminating the need to take extended breaks or drive to the store and
increasing employee productivity and work time.
Growing
demand for clean drinking water and the exhausting natural water resources are
driving the demand for measures that can procure clean drinking water. The
surge in awareness about the availability of energy-efficient products is
boosting industry growth. Market players are using promotional campaigns to
raise awareness about the benefits of clean drinking water. It requires low
maintenance, and the market players provide excellent aftermarket services to
lure customers. Market players also offer a wide product portfolio such as
wall-mounted and top load, which can be easily cleaned and have direct plumbing
features.
However,
the growing popularity of water purifiers may restrain the Saudi Arabia water
dispenser market growth in the forecast period.
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The
Saudi Arabia water dispenser market is segmented into type, end user,
distribution channel, regional distribution, and company.
Based
on type, the market is divided into top mounted, upright, and bottled. The
bottled dispenser segment is expected to account for a significant market share
in the forecast period. The rise in consumer awareness about the consumption of
clean and healthy drinking water and the growing demand for bottled water is
driving the market demand.
Based
on the end user, the market is divided into residential, commercial &
industrial. The commercial sector is projected to capture the highest market
share in the forecast period owing to the high demand for a water dispenser in
the catering industry. People prefer to opt for clean drinking water in
commercial spaces owing to the chances of getting infected by the
microorganisms present in the contaminated water. Also, the absence of direct
water sources in various commercial spaces fuels the need to install water
dispensers in commercial places.
Based
on the distribution channel, the market is bifurcated into direct and retail.
The direct segment is expected to hold the dominant market share over the
forecast period as the customers can get a wide range of products under a
single roof which increases the convenience and comfort of the consumers while
shopping.
Major
market players operating in Saudi Arabia water dispenser market are:
·
LG
Electronics
·
GeePaas
·
TONGYANG
Magic
·
NIKAI
·
Clikon
·
Haier
Home Appliances
·
TCL
Home Appliances (Hong Kong) Co., Ltd.
·
Eurostar
·
Sharp
Middle East FZE
·
Hamad
A. Alessa & Sons Co. (HAASCO)
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“Market players are advised to invest in
the adoption of an online sales platform to expand the consumer base to reach
remote locations and increase product sales. The growing internet penetration
and proliferation of smart devices have boosted the popularity of the
e-commerce industry among consumers. Consumers prefer to easily scroll through
the online platforms and select the best available options by comparing the
product specifications, price, and range of water dispensers belonging to
different brands. The increasing shift of the market players on the online
sales platform and availability of lucrative discounts on the purchase of
products through e-commerce websites are expected to propel the Saudi Arabia
water dispenser market growth till 2027” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Saudi Arabia Water
Dispenser Market By Type (Top Mounted, Upright, Bottled), By End User
(Residential, Commercial & Industrial), By Distribution Channel (Direct Vs.
Retail), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future
growth potential of Saudi Arabia water dispenser market and provides statistics
& information on market size, structure and future market growth. The
report intends 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 in Saudi Arabia water dispenser market.
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