Water Dispenser Market to Grow at a CAGR of 6.76% During the Forecast Period

 Demand for clean/filtered water and high adoption in commercial establishments are driving the growth of the global water dispenser market.

According to TechSci Research report, “Water Dispenser Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” The global water dispenser market is expected to reach USD 1,189.12 million by 2027F, registering a CAGR of 6.76% during the forecast period. Water dispenser sales are increasing during the forecast period due to increasing consumer preference, rising health awareness, easy operation and installation techniques, and rising infrastructure development worldwide. Several water dispenser start-ups and small-scale businesses have started to rely on the point of use (POU) systems, i.e., bottle-less and direct connection to water supply over bottled types, to support the environment by reducing the carbon footprint. Businesses have also started installing POU water dispensers to provide a green and modern image for the brand in the market. By adopting water dispensers, corporates are trying to limit plastic-packaged bottles and encourage eco-friendliness as the waste generated through water dispensers is minimal compared to other conventional techniques. Floor-standing versions are adopted in extensive commercial facilities, whereas wall-mounted and counter-top versions are gaining traction in gyms, coworking spaces, and government offices. The countless health benefits and economic aspects are expected to stimulate new demand in commercial establishments in the coming years. Despite water dispensers' significant installation cost benefits over conventional methods, so this can be an effective influencer for adoption among homeowners globally.

Innovations such as touchless, sensor-activated advancements in filtration technology have been introduced among the premium flagship water dispensers. Primary water dispensers that are available in the global water dispenser market are bottle and bottle-less water dispensers. Among these, the bottled water dispenser market has dominated, with a majority market share of around 64% in 2021. Regarding product type, the global water dispenser market is segmented into floor-standing, countertop, and wall-mounted. Floor-standing water dispensers accounted for the highest market share of around 68% in 2021. With the rising technological innovation, companies have introduced equipment that may include RO membrane and UV light treatment. A multifeatured POU system is available for about $301 in the market. While they have high upfront costs, the running costs are comparatively lower than bottled dispensers, where filter replacements constitute a significant share of expenses in the long run.

In the highly competitive water dispenser market, it has become more inevitable for players to get ahead of the competition through distinctive features and attributes, either in terms of operation, design, installation, filtration, or technology being incorporated for customer satisfaction.

Browse over 162 market data Figures spread through 110 Pages and an in-depth TOC on "Global Water Dispenser Market"

The global water dispenser market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa in terms of the regional analysis. In 2021, North America dominated the global water dispenser market. Rising demand for water dispenser in North America can be attributed to an increasing population base, rising consumer purchasing power, increasing health awareness, and growing urbanization. The APAC market is expected to pose lucrative growth opportunities in potential secondary markets such as Indonesia, Thailand, Malaysia, and Singapore alongside major markets such as China, Japan, and India. The rising number of on-the-go consumers, the trend of coworking spaces, and planned construction of hotels in China, Japan, and Singapore, are expected to drive the demand for new installations during the forecast period in Asia-Pacific.

Key market players in the global water dispenser market include:

·         Culligan International

·         Primo Water Corporation

·         Midea Group Co., Ltd.

·         Whirlpool Corporation

·         Voltas Limited

·         Panasonic Corporation

·         AB Electrolux

·         Honeywell International Inc.

·         Blue Star Limited.

·         Avalon Water Coolers

Culligan International is a global water treatment company headquartered in Rosemont, Illinois, United States. It is a global player committed to providing clean and soft water through innovative and sustainable solutions and unparalleled service. With over 35 brands, it serves around 50 million customers every year across 90 countries. Quench, Harvey, Paragon, Oasis, Blupura, IBBL, Zip, and Zero Water are the company's major brands. Waterlogic Group Holdings and Culligan International have announced that they have signed a definitive agreement to combine and create a leader in clean and sustainable drinking water solutions and services. The brand is known for its specialized filters that feature PREMIUM 5-stage filtration to deliver the purest water.

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“While water sources worldwide vary with a high degree of flexibility, a homeowner needs to assess their purity and quality. One of the most common ways to purify personalized water supply is through POU water treatment systems, which are also more cost-effective when compared to bottled water. The commercial end-users are considering POU dispensers as a convenient and environmental-friendly option to promote their corporate image. From now on, the scope for installing instant hot & cold water tap dispensers is high, as coworking spaces constitute employees with dynamic preferences and demands. The market for water dispensers being competitive across the globe, demands the validation of performance and quality of products from the manufacturer’s end to ensure safety and standards. Automation and digital technologies can be adopted to reduce labor costs and traceability. Enabling IoT can be considered a gamechanger in the market and the future of competition.” 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, 2017-2027, Segmented By Type (Bottled, Bottle-less), By Product Type (Floor Standing, Countertop, Wall Mounted), By Distribution Channel (Multi-brand Stores, Supermarkets/Hypermarkets, Online and Others (Institutional Sales, Exclusive Stores), By End Use (Residential, Corporate Offices, Hospitality, Healthcare, Institution), and Others (Railways, Malls etc.)), By Region”, has evaluated the future growth potential of water dispenser in the global market 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 dispense market.

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