Technological advancements in terms of efficient desalination techniques, advanced sensors and growing population demands for packaged drinking water are some of the major factors driving the global water dispensers market. The global water dispensers market was valued at USD 2.31 billion in 2018 and is expected to reach USD 3.91 billion in 2026, growing at a CAGR of 6.7% during the forecast period.
Alpine Coolers (US), Angel Springs Ltd. (UK), AO Smith Corporation (US), Aqua Clara, Inc. (Japan) , Blue Star India Ltd. (India), CELLI S.p.A. (Italy), Clover (US), Crystal Quest (US), Culligan International Company (US), and Ebac Water Coolers (Germany) are the major players operating in the global water dispensers market.
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The water dispenser is designed in order to supply cooled water in residential as well as commercial spaces. These are compact units that can be wall-mounted for easy installation. The global water dispensers industry is driven by factors, such as demand for portable water dispensing solutions, easy to install and use, and low maintenance costs among others. Moreover, water dispenser providers are focusing on finding robust solutions for global problems which include scarcity of drinking water and contaminated natural water source bodies by developing suitable dispensing solutions. Additionally, increasing population demands for pure water is resulting in increased product sales, thus enhancing the market growth. Government initiatives to support clean water consumption which is coupled with increasing awareness of energy-efficient water dispensers is further propelling the market growth in developing economies. Technologies such as smart water dispenser which saves up to 95% of electricity consumption are aiding the market growth globally. Availability of online sales channels is further increasing the consumer reach, thereby providing multiple growth opportunities.