Saudi Arabia water
dispenser market is anticipated to register a steady CAGR during the forecast
period, 2023-2027. The increase in levels of groundwater contamination and the
various advantage offered by the water dispenser, including portability, low maintenance
costs, and easy installation, are the major factors driving the demand for the
Saudi Arabia water dispenser market. Also, the emergence of online sales
channels and integration of advanced technologies in water dispensers are
expected to create lucrative growth opportunities for the Saudi Arabia water
dispenser market over the next five years.
Increase in Water Pollution Level Drives
the Market Demand
Groundwater is considered the most
valuable resource as it is widely used for agriculture, industrial and domestic
purposes. Saudi Arabia has scarce water resources and is among one of the
driest countries around the globe. The shallow underground water found near the
major cities of Saudi Arabia is highly polluted. It gets affected with the
discharge from the industries and the agriculture and domestic waste released
into the water bodies. In the Kingdom of Saudi Arabia, more than 70% of
water-supply demand is met through groundwater. According to General Authority
of Statistics of Saudi Arabia, the average per capita water use is 324 liters
as of 2021. Due to the high rate of evapotranspiration and less rainfall in the
region, the rate of groundwater recharge is insignificant. The extracted
groundwater is saline and is necessary to be purified to make it suitable for
drinking purposes. Consumers are opting for a trusted water purification
process to extract hygienic and healthy drinking water, inclining the consumer
towards dispensed water. The growing population is driving the need to purify
the polluted water to make it suitable for consumption purposes. Easy
availability of the water dispensers in the market and the high demand for
water among consumers is expected to fuel the Saudi Arabia water dispenser
market growth over the next five years.
Ongoing Advancements in Technology
Supports the Market Demand
There is a growing demand for an
energy-efficient water dispenser that utilizes minimum power and offers maximum
output. Market players are investing in research and development activities to
launch innovative products in the market and upgrade the existing
infrastructure into the advanced version. The launch of smart dispensers that
use the internet of things technology and are integrated with different kinds
of sensors by tracking the amount of water required used in day-to-day
activities is expected to impact the market demand significantly. Smart
dispenser measures the weight of the available water in the water dispenser and
sends an alert when the water present in the water dispenser is about to
finish. It also measures the temperature and sends the notification to the
consumers. Also, manufacturing provides a smart touch display on the water
dispenser and makes it more aesthetically appealing to garner customer
attraction. Frequent product launches and the changing consumer preference for
technologically advanced products are expected to propel the Saudi Arabia water
dispenser market growth through the forecast period.
High Demand from the Commercial Sector
Fuels the Market Growth
With the strong economic position of the
Kingdom of Saudi Arabia and the need to reduce the dependence on the oil &
gas industry and diversify the income sources, the government is supporting the
growth of the commercial sector. The launch of plans by the government authorities
such as the National Transformation Program and Saudi Vision 2030 with an aim
to advance the country and provide a quality lifestyle to its citizens along
with creating income sources are supporting the development of the commercial
sector, including hotels, restaurants, malls, movie complexes, and other
sectors. The growing commercial industry is expected to bolster the demand for
the Saudi Arabia water dispenser market over the next five years.
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Market Segmentation
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. Based on end user, the market is divided into residential,
commercial & industrial. Based on distribution channel, the market is bifurcated
into direct and retail. To analyze the market based on the region,
the Saudi Arabia water dispenser market is studied in major regions namely Western,
Central, Southern, Eastern and Northern.
Market Players
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),
are the major market players operating in the Saudi Arabia water dispenser market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, Volume in Thousands Unit, and CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Type
·
End User
·
Distribution Channel
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Regional scope
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Western, Central, Southern, Eastern and Northern
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Key companies profiled
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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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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, Saudi Arabia water
dispenser market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Saudi Arabia Water Dispenser Market, By Type:
- Top Mounted
- Upright
- Bottled
- Saudi Arabia Water Dispenser Market, By End User:
- Residential
- Commercial
- Industrial
- Saudi Arabia Water Dispenser Market, By Distribution
Channel:
- Saudi Arabia Water
Dispenser Market, By Region:
o Western
o Central
o Southern
o Eastern
o Northern
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia water dispenser market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Saudi Arabia water
dispenser market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]