Water dispensers are innovative machines designed to purify and regulate the temperature of water. They are considered cutting-edge technology in water purification and are highly energy-efficient. These devices provide a convenient and uninterrupted source of cold and hot drinking water, as they can be connected directly to the main water supply. Water dispensers play a crucial role in various industries, including restaurants, railways, hospitals, workplaces, and public spaces, ensuring access to water at desired temperatures.
According to Data Bridge Market Research the Water Dispensers Market accounted for USD 542.08 million in 2022, and expected to reach USD 1,022.08 million by 2030. The market is expected to grow with a CAGR of 8.25% in the forecast period of 2023 to 2030.
“Increasing consumer interest in eco-friendly goods”
The market growth is fuelled by increasing consumer consciousness regarding environmentally friendly and energy-efficient products that minimize waste. The growing purchasing power of consumers and rising awareness of health concerns related to water pollution are expected to drive the market. To ensure a healthy and hygienic water supply, a reliable purification process is necessary, leading to a preference for packaged water. This trend reflects the demand for safe and clean water intake among consumers.
What restraints the growth of water dispensers market?
“High cost of water dispensers”
The high cost of water dispensers can act as a significant restraint in the market. Water dispensers often involve advanced technologies, such as filtration systems and temperature control mechanisms, which contribute to their higher price compared to traditional alternatives. The cost of manufacturing, distribution, and marketing also adds to the overall price. This higher price point can limit the affordability and accessibility of water dispensers for certain consumer segments.
Segmentation: North America 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, application.
- On the basis of type, the water dispensers market is segmented into direct piping/point of use (pou) and bottled water dispensers.
- On the basis of cooling capacity, the water dispensers market is segmented into 2 litre/hr, 3 litre/hr, 5 litre/hr, and more than 5 litre/hr.
- On the basis of storage capacity, the water dispensers market is segmented into 20 litres, 40 litres, 80 litres, 120 litres, 150 litres, 380 litres, and others.
- On the basis of dimension, the water dispensers market is segmented into 315x330x490 mm, 310x345x996 mm, 370x380x1000 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 combination, hot water, cold water, and normal water.
- On the basis of color, the water dispensers market is segmented into black, silver, white and, others.
- On the basis of compartment-type water cooler, the water dispensers market is segmented into with refrigerated compartment and without refrigerated compartment.
- On the basis of distribution channel, the water dispensers market is segmented into direct, supermarkets/hypermarkets, specialty stores, e-commerce and others.
- On the basis of application, the water dispensers market is segmented into residential, corporate offices, and hotels, restaurants, and cafes.
Regional Insights: U.S. is expected to Dominate the Water Dispensers Market
U.S. is expected to dominate the market is dominated by the increasing popularity of automatic dispensers, which offer convenient features. Additionally, the presence of numerous providers in the region provides consumers with a wide range of options and fosters market growth.
Canada will undergo the highest growth rate during the forecast period due to the high demand for both hot and cold water options, as well as the convenience they offer. Consumers in the region value the ability to access refreshing, temperature-controlled water easily and conveniently.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/north-america-water-dispensers-market
Recent Developments
- In 2021, Voltas Limited inaugurated its inaugural brand store in Rourkela, Odisha, marking its entry into the local market. The store will offer a comprehensive range of products, including water dispensers, Voltas and Voltas Beko appliances, water coolers, air conditioners, washing machines, refrigerators, microwaves, and dishwashers. With a nationwide presence, Voltas already operates more than 140 brand stores across India.
- In 2021, Blue Star has expanded its commercial refrigeration portfolio with the introduction of soft-push bottled water dispensers. This innovative water dispensing solution utilizes a gentle push mechanism to dispense water into a glass, eliminating direct contact between the machine and the user's hands. This new offering enhances Blue Star's presence in the commercial refrigeration sector, providing a hygienic and convenient solution for water dispensing.
The Prominent Key Players Operating in the Water Dispensers Market Include:
- Blue Star Limited. (India)
- Primo Water Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- Emerson Electric Co. (U.S.)
- Affordable Water Solutions (Canada)
- BRITA GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of water dispensers market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America 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, North Americavs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
