According to the latest report by IMARC Group, titled “Water Dispenser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global water dispenser market demand. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global water dispenser market size reached US$ 2.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.66 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027.
What is a Water Dispenser?
Water dispensers represent devices that are usually produced to distribute filtered water conveniently. In line with this, the unit connected to the mains dispenses water via a refrigeration unit that dispenses the water continuously. Apart from offering cooled water, numerous product variants equipped with a heater tank are used to dispense hot or boiling water to the users.
Dispensing water is usually controlled by a button or knob from a source through a tap or spigot. Users need to press a button or turn a knob to clear water into the funnel, whether they are using bottle-less water coolers or bottled variants.
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What are the key factors driving in the water dispenser market?
The increasing usage of this device in residential and commercial buildings, on account of its ease of usage and installation process, low maintenance costs, portability of the product, etc., is among the key factors stimulating the water dispenser market. Moreover, the escalating demand for safe drinking water is acting as another significant growth-inducing factor. Besides this, the growing levels of groundwater depletion and contamination are positively influencing the global market.
Furthermore, the rising consumer awareness towards various water-borne diseases and the importance of consuming clean water for good living is also propelling the market growth. Apart from this, the introduction of multi-stage filtration with reverse osmosis (RO) and ultraviolet (UV) techniques is further bolstering the global market. Additionally, the inflating per capita income levels of individuals, the introduction of enhanced variants by key market players, several technological advancements, and extensive R&D activities are anticipated to fuel the water dispenser market over the forecasted period.
Who are the key players/companies in the global water dispenser market?
O. Smith Corporation, Blue Star Limited, Clover Co. Ltd., Culligan Water, Electrolux AB, Haier Group Corporation, Honeywell International Inc., Midea Group, Panasonic Holdings Corporation, Primo Water Corporation, The Clorox Company, Voltas Limited and Waterlogic Plc.
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The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Operations:
- Free Standing
- Under the Sink
- Wall Mounted
Breakup by Technology:
- Filters and Cartridges
Breakup by Distribution Channel:
- Retail Stores
- Non-branded Stores
- Online Stores
Breakup by Application:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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