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
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