The water dispenser market size was around USD 2.68 Bn in 2022 and is expected to reach USD 5.01 Bn by 2031, expanding at a CAGR of 8.8% during 2023 – 2031. The growth of the market is attributed to its easy usage & installation process, minimum maintenance costs, and portability of water dispensers.
A water dispenser is used to dispense hot or cold water. Typically, a water dispenser is fitted to a heating and refrigeration unit. It is also known as a water cooler. Point-of-use water dispensers are an updated version of water dispensers, where the water supply is attached to the dispensing chamber for automatic filling purposes.
Water dispensers play a crucial role in public places and workplaces for storing drinking water. It provides easy access to water and offers a healthy drinking option. Water dispensers are cost-effective and easy to maintain.
The market report finds that the COVID-19 pandemic moderately impacted on the water dispenser market. The market growth decreased due to a sharp decline in demand for the product from corporate spaces worldwide. Preventive measures imposed by governments across countries to curb the virus spread led to the prolonged shutdown of corporate organizations, which plummeted the market growth. A significant growth in the adoption of water dispensers and filtration systems is attributed to the rising health concerns among people, which boosted the market growth during the pandemic.
Water Dispenser Market Dynamics
Key Drivers
The growing awareness about the availability of energy-efficient goods, and eco-friendly products that generate less waste, is driving the market. Rising purchasing power of customers and rising awareness about health concerns, due to water pollution is anticipated to propel the market. Furthermore, advertising campaigns held by key manufacturers boost the water dispenser market, by increasing the popularity of the product among customers.
Low maintenance cost of water dispensers compared to water filters is expected to drive the market growth. Availability of various products such as wall-mounted, top-loaded, and tabletop with easy cleaning processes and low maintenance along with after-sales service provided by companies is expected to fuel the market growth.
Existing Restraints
The regular replacement of internal components is expected to hamper the market growth. Internal components of water dispensers need to be replaced regularly, especially during summer, which may limit the use of water dispensers.
Emerging Opportunities
Growing technological advancements is anticipated to create lucrative opportunities in the market. Thus, market players are shifting their focus towards advanced technology to improve the functionality of the water dispensers and improve the quality of the water for consumption at a low cost. Furthermore, the rapid expansion of e-commerce platforms contributes in helping the market players to generate more revenue in the market.
Scope of Water Dispenser Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Water Dispenser Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product (Bottled and Bottleless), Application (Commercial, Residential, and Industrial), Distribution Channel (Retail, Specialty Stores, Supermarkets & Hypermarkets, E-Commerce, and Others), Operation (Freestanding, Under-the-Sink, Countertop, and Wall-Mounted), and Filtration Technology (Osmosis and Filtration cartridge)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Blue Star Limited; Clover Co., Ltd.; Whirlpool Corporation; Aquaverve; Primo Water Corporation; Culligan Water; Midea Group; Voltas Limited; Avalon Water Coolers; and AB Electrolux.
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Water Dispenser Market Segment Insights
Based on product, the water dispenser market is bifurcated into bottled and bottleless. The bottled segment is expected to expand at a significant growth rate during the projection period, Due to the increasing demand for bottled water. Easy installation and minimum maintenance with low cost are expected to boost the segment’s growth.
Bottleless segment is projected to grow at a CAGR of 8.6% during the forecast period. These products do not require constant unloading and loading of water on the machine, which drives the segment. Bottle-less products are majorly used in restaurants and hotels. These machines are connected to the water pipelines, which eliminates the use of water bottles.
On the basis of application, the market is segregated into commercial, residential, and industrial. The commercial segment is projected to register a considerable CAGR during the projected period. Increasing demand for clean water supply in commercial areas is estimated to drive the segment growth. Direct water connection is not available in some commercial buildings. However, corporate offices are trying to reduce the use of one-time-use cups, plastic bottles and containers. Thus, the demand for water dispensers increased in corporate sectors.
The residential segment is estimated to grow rapidly during the forecast period. The growth of the segment is attributed to the rising usage of water purification products in residential zones, due to the absence of clean and fresh water resources, particularly in emerging countries such as India and China. Furthermore, the supply of poor-quality drinking water in residential zones, due to the rise in pollution, is projected to propel the demand for water dispensers in the residential buildings.
Based on distribution channel, the water dispenser market is divided into retail, specialty stores, supermarkets & hypermarkets, e-commerce, and others. The retail segment is estimated to hold around 40.56% of the market share in the coming years, as it directly deals with customers. It provides assistance with product features, and better customer service. Instant gratification and easy availability of product are likely to boost the segment growth.
The e-commerce segment is expected to expand at a significant pace in the coming years as it facilitates the availability of options for product selection, discounts, and ease of delivery. Thus, the customers are highly preferring the e-commerce segment for purchasing water dispensers. Wide distribution networks and more options of products available at online platform drives the segment growth.
In terms of operation, the market is segmented into freestanding, under-the-sink, countertop, and wall-mounted. The freestanding segment is expected to register a robust growth rate during the forecast period. This growth is attributed to the increasing demand for downpour quantity, especially in commercial spaces. On the other hand, the under-the-sink segment is expected to grow at a rapid pace as it saves the countertop space. Growing demand from hotels, restaurants, and other catering spaces accelerates the market.
On the basis of filtration technology, the water dispenser market is bifurcated into osmosis and filtration cartridge. The osmosis segment is anticipated to hold a key share of the market during the assessment period, as it offers efficient water purification methods and remove mineral contaminants.
High-pressure water is pass through a semi-permeable membrane and separates harmful components. Minerals such as fluoride, salt, iron, lead, and others are removed through the osmosis method.
In terms of region, the global water dispenser market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to dominate the market during the projection period, due to the rising demand for premium home appliances in developed countries such as Canada and the US. Furthermore, the presence of key manufacturers in the region is anticipated to boost the regional market growth.
The market in Asia Pacific is expected to register high CAGR during the forecast period, owing to the increasing demand for water purification appliances in developing countries such as India and China. Rising disposable income of users in emerging countries of Asia Pacific is expected to fuel the demand in the region.
The consumer appliances market in India is estimated to rise at a substantial CAGR during the forecast period. Additionally, many manufacturers are arriving in this region by launching advanced products which are expected to boost the market in the region.
Segments
The water dispenser market has been segmented on the basis of
Product
Application
- Commercial
- Residential
- Industrial
Distribution Channel
- Retail
- Specialty Stores
- Supermarkets & Hypermarkets
- E-Commerce
- Others
Operation
- Freestanding
- Under-the-Sink
- Countertop
- Wall-Mounted
Filtration Technology
- Osmosis
- Filtration cartridge
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global water dispenser market are Blue Star Limited; Clover Co., Ltd.; Whirlpool Corporation; Aquaverve; Primo Water Corporation; Culligan Water; Midea Group; Voltas Limited; Avalon Water Coolers; and AB Electrolux.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In February 2021, Blue Star Limited launched Softpush Bottled Water Dispensers to its commercial refrigeration portfolio. The product prevents contact between the user’s hands and the machine.
- In September 2020, Aquaverve, a North America-based water cooler manufacturer, announced the launch of its touchless water cooler line. The product is designed to respond to the need for safer water conditions for consumers.
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