Water Dispenser Market: Anticipated Growth with a Solid 8.9% CAGR by 2033 | FMI

By the year 2023, it is projected that the global market size for water dispensers will reach approximately US$2,723.1 million. Over the period from 2023 to 2033, sales of water dispensers are forecasted to experience strong growth, with a solid Compound Annual Growth Rate (CAGR) of 8.9%. By 2033, the demand for water dispensers is expected to reach a valuation of US$ 6,383.1 million.

Market Catalysts for Water Dispenser Growth

  • Health and Hygiene Awareness: Increasing consumer awareness regarding the importance of clean and safe drinking water is a significant driver in the water dispenser market.
  • Demand for Filtered or Purified Water: Consumers are increasingly seeking water dispensers that provide filtered or purified water, driven by concerns over toxins and diseases transmitted through water.
  • Improving Infrastructure: Infrastructure development and enhanced accessibility to potable water are key factors propelling the water dispenser market forward.
  • Dependable Source of Clean Drinking Water: In areas facing challenges with water quality or availability, water dispensers serve as reliable sources of clean drinking water, addressing the need for safe hydration options.

The water dispensers market is restricted by two main factors, including frequent component replacement and escalating costs, particularly during the summer, in addition to experiencing unheard-of water dispenser market growth. Two factors are limiting the water dispenser market adoption trends.

The water dispenser market size expansion during the busiest summer months may be hindered by frequent product components and higher costs. These elements are anticipated to limit water dispenser market growth as well as water dispenser market trends.

KEY TAKEAWAYS:

  • More than 70% of the water dispenser market was made up of bottled goods, and it is anticipated that water dispenser market trend and forecasts will continue.
  • Through 2032, the bottleless product category of the water dispenser market is anticipated to grow at the fastest rate, 9.9%.
  • The majority of the water dispenser market was dominated by the commercial application
  • The segment that will grow the fastest is predicted to be the industrial application.
  • The commercial application segment’s hospitality sector is projected to grow at the highest CAGR, 9.9%.
  • With a 42.60% water dispenser share, the retail store sector had the largest water dispenser share.
  • Through 2032, Asia Pacific is anticipated to have the highest CAGR of 11.0% for the water dispenser size.
  • India is anticipated to grow at a healthy CAGR in the water dispenser market.

Key Water Dispenser Manufacturers

  • Whirlpool Corporation
  • Primo Water Corporation (formerly, Cott Corporation)
  • Honeywell International Inc.
  • Culligan International Company
  • Clover Co. Ltd.
  • Waterlogic Holdings Limited
  • Midea Group Co. Ltd.
  • A.O. Smith Corporation
  • Edgar’s Water

The research offers a comprehensive competition analysis of these top competitors in the water dispenser market, including water dispenser market growth, water dispenser market share, water dispenser market key trends and opportunities and important water dispenser market statistics.

Recent Development in the Water Dispenser:

      Acquisition:

  • Four reputable institutional investors—British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia—have acquired a sizeable minority stake in Waterlogic Holdings Limited, the company announced in April 2020. With the help of the capital obtained from this acquisition, the business was able to expand more quickly and take the lead globally in the quickly expanding market for bottle-free workplace hydration.

Product Launch:

  • Aquaverve announced in September 2020 that its touchless water cooler line would be available. The Oceanik Touchless Bottleless Cooler and the Pacifik Touchless Bottleless Cooler are two models of touchless water coolers that they created. The Pacifik model can be ordered both with and without a bottle.
  • A significant player in the under-the-sink market, iSpring provides a 5-stage reverse osmosis filtration system. Due to the water’s neutral flavour, it is very well-liked by residential end users.
  • A significant player in the market, Glug Glug Glug provides a wide selection of water dispensers, such as the AA5C and AA5F for staff areas, canteens, sports facilities, and student common areas.

Complete Market Review: A Full Report Analysis

Key Segments

By Product Type:

  • Bottled
  • Bottle-less

By Application:

  • Residential
  • Commercial
  • Industrial

By End-use:

  • Commercial
    • Hospitality
    • Transport Terminal
    • Institutions
    • Corporate Offices
    • Others
  • Industrial
    • Food and Beverages
    • Healthcare
    • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Asia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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