In recent years, two significant factors have propelled the growth of the global water dispensers market. Such as there's been a notable rise in public awareness regarding the intrinsic value of clean water, driving the demand for accessible purification solutions, and the economic expansion experienced by emerging countries, particularly in the Asia-Pacific region, has contributed to the market's robust growth. Leveraging advancements in water treatment technologies, the market is expected to witness substantial growth as these innovations enable enhanced purification capabilities at more competitive prices. As a result, the market holds promising sales prospects for industry participants in the foreseeable future.
According to Data Bridge Market Research, the Global Water Dispensers Market was valued at USD 2,655.29 million in 2021 and is expected to reach USD 4,914.75 million by 2029, registering a CAGR of 8.0% during the forecast period of 2022-2029.
“The escalating requirement for clean and safe drinking water facilitates market growth”
The escalating requirement for clean and safe drinking water acts as a compelling driver in the global water dispensers market. With growing concerns about water contamination and its associated health risks, consumers are increasingly seeking reliable solutions to ensure access to purified water. Water dispensers equipped with filtration and purification technologies offer a convenient way to obtain clean water at home, workplaces, and public spaces. This demand surge is fueling the adoption of water dispensers, as they address a critical need for accessible and healthy drinking water, consequently propelling the market's growth trajectory.
What restraints the growth of the global water dispensers market?
“Additional expenses”
Additional expenses have emerged as a notable restraint on the global water dispensers market. Beyond the initial purchase cost, consumers often incur supplementary expenditures related to installation, maintenance, and energy consumption. These added costs can deter potential buyers from investing in water dispensers, particularly in price-sensitive markets. Moreover, the requirement for replacement parts, filters, and periodic servicing further contributes to the overall cost of ownership. As consumers prioritize cost-efficiency, these additional expenses can discourage adoption, impacting market growth and adoption rates on a global scale.
Segmentation: Global Water Dispensers Market
The water dispensers market is segmented on the basis of type, cooling capacity, storage capacity, dimension, water type, color, compartment-type water cooler, distribution channel, filtration technology, components, and application.
- On the basis of type, the water dispensers market is segmented into direct piping/point of use, bottled water dispensers.
- On the basis of cooling capacity, the water dispensers market is segmented into 2 ltr/hr, 3 ltr/hr, 5 ltr/hr, more than 5 ltr/hr.
- On the basis of storage capacity, the water dispensers market is segmented into 20 liters, 40 liters, 80 liters, 120 liters, 150 liters, 380 liters, others.
- On the basis of dimension, the water dispensers market is segmented into 315x330x490 mm, 400x400x1060 mm, 440x440x1185 mm, 665x485x1210 mm, 755x575x1240 mm, 812x612x1210 mm and others.
- On the basis of water type, the water dispensers market is segmented into combined, hot water, cold water, and normal water.
- On the basis of color, the water dispensers market is segmented into black, silver, white, others.
- On the basis of compartment-type water cooler, the water dispensers market is segmented into with refrigerated compartment, without refrigerated compartment.
- On the basis of distribution channel, the water dispensers market is segmented into direct, supermarkets/hypermarkets, specialty stores, e-commerce, others.
- On the basis of filtration technology, the water dispensers market is segmented into osmosis, filtration cartridge.
- On the basis of components, the water dispensers market is segmented into electro valves, flow meters, soda regulation screws, pressure switches/transducers, quick adapter tubes, anti flood devices, water pressure regulator, drip tray, puncture tube pencil needle, others.
- On the basis of application, the water dispensers market is segmented into residential, corporate offices, schools/university hospitals, hotels, restaurants and bars, industrial, others.
Regional Insights: North America dominates the Global Water Dispensers Market
North America's water dispensers market is characterized by its dominance, primarily owing to the concentration of established manufacturers in the region. Industry leaders based in North America have been able to establish strong distribution networks, brand recognition, and product innovation. This has allowed them to cater effectively to consumer demands, resulting in a significant market share and a competitive advantage in the industry.
The Asia-Pacific region is poised for substantial growth in the water dispensers market due to the increasing demand for water purification sources and appliances. Countries such as China and India are witnessing rising awareness about the importance of clean and safe drinking water. As concerns over water contamination and health issues grow, the demand for water purification solutions, including dispensers, is on the rise, presenting lucrative opportunities for manufacturers in the region. This trend is expected to drive the market's expansion and profitability.
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Recent Developments in Global Water Dispensers Market
- In February 2021, Voltas Limited inaugurated a brand store in Rourkela, Odisha. This store serves as a one-stop shop for a comprehensive range of Voltas products, encompassing water dispensers, Voltas and Voltas Beko appliances, water coolers, air conditioners, washing machines, refrigerators, microwaves, and dishwashers. The move strengthens Voltas' retail presence, with over 140 such Brand Shops spread across India.
- In February 2021, Expanding its commercial refrigeration portfolio, Blue Star introduced Softpush Bottled Water Dispensers. This innovative solution facilitates touchless water dispensing, requiring only a gentle glass push to dispense water, eliminating direct contact between the user's hands and the machine. The introduction enhances Blue Star's offerings and aligns with hygiene-conscious consumer preferences.
The Prominent Key Players Operating in the Global Water Dispensers Market Include:
- Blue Star Limited (India)
- Voltas Inc, (India)
- Atlantis Products Pvt. Ltd. (India)
- Avalon Water Coolers (U.S.)
- Mistral Solutions Pvt. Ltd., (India)
- Midea Group (China)
- Ningbo Jewin Electrical Appliances (China)
- Aqua Clara International (U.S.)
- Alpine Coolers (U.S.)
- Ningbo Lamo Drinking Water Equipment Co. Ltd., (China)
- Bibo (China)
- Glug Glug Glug (U.K.)
- Arctic Coolers (Switzerland)
- AquAid Franchising Limited (U.K.)
- BRITA (Germany)
- Vista France (France)
- Sure International (UAE)
- Mt. Fuji Springs Inc., (Japan)
- Aimex Australia (Australia)
- Royalsovereign, Inc. (U.S.)
- Alfred Kärcher SE & Co. KG (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global water dispensers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Water Dispensers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
