Water Dispenser Market to Register a CAGR of 4.79% During the Forecast Period
The global water dispenser
market is witnessing high demand due to the rising health awareness among
consumers and the rapid growth of the commercial sector.
According to TechSci Research
report, “Water Dispenser Market – Global Industry Size, Share, Trends,
Competition, Opportunity, and Forecast, 2018-2028F,” the global water
dispenser market is growing at a significant rate and is projected to reach
USD9,540.68 million in 2028. This growth can be attributed to various factors,
such as the increasing demand from the commercial sector and the growing
preference for bottle less water dispensers in different countries.
With the rise in water pollution
and contamination, consumers are becoming more aware of the potential health
risks associated with consuming impure water. Water dispensers equipped with
advanced filtration systems offer a reliable and cost-effective way to ensure
safe drinking water, driving their adoption across residential and commercial
sectors.
Urbanization and industrial
development have led to an increase in water-related issues, including scarcity
and contamination. As a result, governments and organizations are emphasizing
the installation of water dispensers in public places, offices, and educational
institutions to promote the consumption of clean water and reduce plastic waste
from single-use water bottles.
The global focus on health and
wellness has encouraged consumers to adopt healthy hydration practices. Water
dispensers provide access to chilled or hot water, promoting higher water intake
among individuals, which, in turn, boosts the demand for these appliances.
Innovations in water dispenser
technology have resulted in the development of smart water dispensers with
features such as touchless operation, IoT integration, and real-time monitoring
of water quality. These advancements have significantly improved the user
experience and convenience, fostering market growth.
The hospitality sector,
including hotels, restaurants, and cafes, is witnessing increased adoption of
water dispensers as an eco-friendly and economical alternative to bottled
water. This trend is driven by both customer demand for sustainable practices
and businesses' efforts to reduce operational costs. Moreover, as lifestyles
become busier and more fast-paced, the demand for quick and accessible water
solutions increases. Water dispensers offer a time-saving and hassle-free way
to get clean drinking water without the need for frequent trips to the store.
Browse over 230 market data
Figures spread through 287 Pages and an in-depth TOC on "Global Water Dispenser Market”
The Global Water Dispenser
Market is segmented based on type, product type, category, distribution
channel, end use, region and competitive landscape. In terms of Type, the
market is divided into bottled and bottle less. In terms of product type, it is
fragmented into floor standing, countertop, and wall mounted. Furthermore, the
market is categorized into natural water dispenser, purified water dispenser,
and carbonated water dispenser. The distribution channels include
direct/distributor sales, multi-branded stores, online,
supermarkets/hypermarkets, and exclusive stores, among others. The market is
divided into residential, corporate offices, healthcare, hospitality,
institution, and others such as railways, malls, and industries, etc.
Rapid industrialization,
population growth, and rising disposable incomes in countries like China,
India, and Japan are driving the demand for water dispensers. The Asia Pacific
region is expected to be a lucrative market for both domestic and international
water dispenser manufacturers.
The water dispenser market is
experiencing significant growth in emerging economies due to urbanization and
improving living standards in various countries in the region. As consumers in
these regions seek modern and convenient appliances, the demand for water
dispensers is rising.
Bottle less water dispensers
provide a convenient and cost-effective solution for accessing purified water
as they eliminate the need to purchase bottled water regularly, reducing
long-term costs for consumers and businesses.
Key market players in the global
water dispenser market include:
- Culligan International Company
- Primo Water Corporation
- Midea Group Co., Ltd.
- Whirlpool Corporation
- Voltas Limited
- AB Electrolux
- Panasonic Corporation
- Honeywell International Inc.
- Blue Star Limited
- Avalon Water Coolers
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“The global water dispenser
market is witnessing significant growth, driven by the increasing demand for clean
drinking water, technological advancements, and environmental consciousness.
The adoption of water dispensers in residential, commercial, and industrial
sectors is expected to rise as consumers prioritize health and sustainability.
With the market poised for substantial expansion across different regions,
manufacturers are keen on capitalizing on the opportunities presented by this
growing market. Furthermore, with the growing tourism and hospitality sector in
various countries, the water dispenser market is expected to experience high
growth after COVID-19. Many countries have implemented policies to attract
tourism while keeping health concerns related to water in mind," said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Water Dispenser Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Type (Bottled,
Bottle less), By Product Type (Floor Standing, Countertop, Wall Mounted), By
Category (Natural Water Dispenser, Purified Water Dispenser, Carbonated Water
Dispenser), By Distribution Channel (Direct/Distributor Sales, Multi Branded
Stores, Online, Supermarkets/Hypermarkets, Exclusive Stores, etc.), By End Use
(Residential, Corporate offices, Healthcare, Hospitality, Institution, and
Others (Railways, Malls, Industries, etc.)),By Region, Competition,” has
evaluated the future growth potential of water dispenser market globally 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 the global water dispenser market.
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