The global water dispenser market was valued at US$ 2,458.6 Mn in 2020, and is expected to reach US$ 4,088.3 Mn by 2027, and is expanding at a CAGR of 7.5% during the forecast period.
A water dispenser also known as water cooler (if it is used for cooling only). It is a machine that provides cold and hot water and dispenses the water through a refrigeration unit. The market is witnessing growth due to its attributed such as easy usage & installation process, minimum maintenance costs, and portability. The global water dispenser industry is witnessing growth owing to various factors, such as rising levels of groundwater contamination, increasing demand for clean drinking water, growing industrialization, and urbanization, and exhausting natural water resources among others. These factors are expected to drive the growth of water dispenser industry and provide ample opportunities over the coming years.
Global Water Dispenser Market Segmentations:
By Dispenser Type:
By Product Type:
By Filtration Technology:
By Distribution Channel :
Global Water Dispensers Market Size, 2016-2026, (US $Bn)In addition, advent of water purification technologies and cost-effective and energy-efficient water cleaning products will support market growth. Drinking water scarcity across various regions requires robust sources to fulfil the demand for safe drinking water, which also leads to the extensive usage of water dispenser. Moreover, the impact of e-commerce channels, rising number of convenience and specialty stores, and availability of cost-effective products also provide growth opportunities for the market.
The global water dispensers industry is hugely benefitted by factors, such as rising levels of groundwater contamination, increasing population demand for clean drinking water, growing industrialization, and urbanization, and exhausting natural water resources among others. Cumulatively, these factors are anticipated to drive the growth of water dispenser industry and offer lucrative opportunities in the near future.
Based on Product Type, Bottled Dispenser segment is dominating the market in 2020
The bottled dispenser is growing at a CAGR of 6.2% during the forecast period. This segment is witnessing growth owing to the easy installations, low cost, and minimum maintenance. Increasing demand for bottled water and rising awareness of the consumer towards the consumption of clean water for healthy living will intensify the consumption of bottled water dispenser products across globe.
Based on Application, Horeca is dominating the global water dispenser market in the year 2020
Based on application, the global water dispenser market has been categorised as horeca (restaurants, cafes, airports, schools, others) and domestic segment. Among which horeca is dominating the market with 62% of market share in the year 2020. The segment is witnessing growth due to the rising demand for continuous clean water supply in commercial spaces. Moreover, unavailability of direct water sources in various commercial spaces has further escalated the demand of the product in this segment. Domestic application is expected to be the fastest-growing segment during the forecast period.
Based on Filtration technology, osmosis type is expected to grow with high CAGR during the forecast period.
The osmosis filtration technology is growing with a CAGR of 8.1% during the forecast period and is used to remove the harmful contaminants from water by increasing the pressure on the water to move through a semi-permeable membrane. This process generally removes minerals such as iron, fluoride, lead, salt, manganese, and calcium. Osmosis offers high efficiency in terms of water purification; it can typically remove up to 99% of most of the mineral contaminants. The filtration cartridge is dominating the market in the year 2020 and is expected to witness similar growth trends during the forecast period.
Based on Regions, North America is holding largest market share in the share in the water dispenser market
North America is holding the largest market share in the year 2020 due to high demand for advanced home appliances in countries, such as the U.S. and Canada. Moreover, the strong presence of leading manufacturers, such as Honeywell, Emerson Electric, and Whirlpool Corp., also propels the product sales, which further fosters the growth of this region.
Asia Pacific is expected to have the highest CAGR of 9.84% from 2019 to 2025 on account of the rising demand for water purification sources and appliances in countries, such as China and India. The consumer appliances market in India is projected to ascend at a healthy CAGR over the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global water dispensers market are, Blue star, BWT Holding GmbH, Alpine Coolers, Waterlogic GB Ltd., AO Smith Corporation, Aqua Clara Inc., among others.
Snapshot of Drivers, Restraints, Opportunities and Challenges of Water Dispenser Market
The report also provides in-depth analysis of key market trends :
|1||Superior Benefits and Continually Changing Designs||Positive|
|2||The growing water pollution levels across the globe has increased the demand for water dispensers worldwide which is another key factor for the growth of the water dispensers market.||Positive|
Recent Developments in Global Water Dispenser Market
1. In April 2021, Voltas Limited opened its first brand shop in Sambalpur, Odisha. The newly opened brand shop offers new range of Voltas and Voltas Beko products, Air Purifiers, comprising Air Conditioners, Air Coolers, Water Dispensers, Commercial Refrigerators, Water Coolers, Refrigerators, Washing Machines, Microwaves and Dishwashers.
2. In February 2021, Voltas Limited launched its brand store in Rourkela, Odisha. The brand store of the company will offer all the products of the company including Water Dispensers, Voltas and Voltas Beko products, Water Coolers, comprising Air Conditioners, Washing Machines, Refrigerators, Microwaves and Dishwashers among others.
3. In February 2021, Blue Star announced the expansion of its Commercial Refrigeration footprint with the launch of Softpush Bottled Water Dispensers. Softpush is an innovative water dispensing solution that needs just a gentle push with the glass to dispense water, ensuring no contact of hands with the machine.
4. In January 2021, Waterlogic GB Ltd, announced the acquisition of 3 Sweden companies Vattentornet Aqua Concilio, Waterconcept and Thoreau International. With the acquisition of 3 companies, Waterlogic GB Ltd. strengthens its position in Sweden.
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