According to a recent market study published by Growth Market Reports, titled, “Global Water Fountain Market” by Installation Type (Outdoor and Indoor), by Mounting Type (Floor Mounting and Wall Mounting), by Application (School & Education Institutes, Parks, Recreational Places, Sport Complex & Playgrounds, and Others) by Sales Channel (Offline and Online): Size, Share, Trends and Opportunity Analysis, 2019-2029”, the market was valued at USD 1,801.1 Million in 2021 and is expected to grow at a growth rate of 2.6% by the year 2030.

As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Global Water Fountain Market is anticipated to witness significant growth during the forecast period 2022-2030. The technology has gradually improved considerably in the last few years with the advent of high-definition cameras in the cinematography camera market.

Water fountains are usually made from stainless steel and may incorporate carbon filters, which help in removing bad odors and taste from the main water. The waste system, basins, and robust stainless-steel bodywork on water fountains are making them the ideal solution for use in educational institutions, rest rooms, grocery stores, sports centers, and libraries. Over the years, the fountains are designed with an arc shape that allows consumers to drink easily from it. Modern indoor drinking fountains are equipped with filters to remove impurities from the water and chillers to lower their temperature. Although the systems do not require much maintenance and may be left unsupervised as they are strong enough to handle some misuse done by the consumers, which increases the demand among consumers.

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Key factors that are anticipated to fuel the demand for the global water fountain market during the forecast period, due the surge in the innovation of outdoor drinking fountains and increasing financial aids and bill grants. Conversely, increasing installation and maintenance cost hampering the growth of the market. Rising demand for high-tech water fountains is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, outsourcing companies, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Water Fountain Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The players include Elkay Manufacturing Company, Zip Water, Enware Australia Pty Ltd, Aqua Cooler, The Britex Group, Landmark Products Pty Ltd, aquafil, Area Safe Products Pty Ltd., Grillex, Furphy Foundry Pty Ltd, aquaBUBBLER, Mountain Fresh, and Others.
  • Based on installation type, the Water Fountain Market is bifurcated into outdoor and indoor. The growth of the outdoor segment is attributed to the high adoption of outdoor water fountains in commercial areas. Outdoor water fountain helps to maintain a clean environment by eliminating the use of plastic water bottles, which increases the demand among consumers.
  • In terms of mounting type, the market is bifurcated into floor mounting and wall mounting. The wall mounting segment growth is due to the rising demand for wall mounted water fountains from residential areas. Wall mounted water fountains have vandal-resistant properties, help in saving space by eliminating cross-contamination of germs. They are eco-friendly & ideal for heavy use, which raises the demand among consumers.
  • On the basis of application, the Water Fountain Market is segregated into school & education institutes, parks, recreational places, sport complex & playgrounds, and others. The school & education institutes segment is expected to expand during the forecast period, due to the inclusion of municipalities and the growth in infrastructure development to attract more tourists.
  • Based on sales channel, the market is bifurcated into offline and online. Offline stores have a wide range of domestic and international products, thus highly preferred by consumers for purchasing the products.
  • In terms of regions, the Global Water Fountain Market is classified as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in Europe is projected to grow during the forecast period, due to the installation of smart water fountains.

Report Scope:

Report Metric

Details

Market Value in 2021

USD 1,801.1 Million

Market Growth Rate (from 2020 to 2028)

2.6%

Historical Data

2015 – 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Installation Type, by Mounting Type, by Application, by Sales Channel, and by Region

Key Companies Profiled

Elkay Manufacturing Company, Zip Water, Enware Australia Pty Ltd, Aqua Cooler, The Britex Group, Landmark Products Pty Ltd, aquafil, Area Safe Products Pty Ltd., Grillex, Furphy Foundry Pty Ltd, aquaBUBBLER, Mountain Fresh, and Others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Product Manufacturers and Suppliers or Distributors
  • Demand Side: School & Education Institutes, Parks, Recreational Places, Sport Complex & Playgrounds, and Others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: U.S. Environmental Protection Agency and others.