The water dispenser market is anticipated to expand at a CAGR of 8.9% from USD 2.70 billion in 2022 to USD 6.34 billion by 2032. The demand for water dispensers, as well as the water dispenser market key trends and opportunities, are influenced by factors like portability, ease of use and installation, and low maintenance costs.
In many places where there is a drinking water shortage, strong sources are required to meet the growing demand for clean drinking water. This has an impact on sales of water dispensers, the growth of the Water purifier market, and the trends for the future of the water dispenser market.
As direct human contact between individuals’ decreases, the dissemination of infrared sensors is quickly gaining ground and pushing the market adoption trends for water dispensers. According to forecasts, the market for water dispensers has recently chosen variants that are both useful and economical. Vendors on e-commerce platforms are working hard to create novel approaches to boost sales of water dispensers and meet demand.
The water dispensers market is restricted by two main factors, including frequent component replacement and escalating costs, particularly during the summer, in addition to experiencing unheard-of Water cooler market growth. Two factors are limiting the water dispenser market adoption trends.
The water dispenser market size expansion during the busiest summer months may be hindered by frequent product components and higher costs. These elements are anticipated to limit water dispenser market growth as well as water dispenser market trends.
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Key Takeaways:
More than 70% of the water dispenser market was made up of bottled goods, and it is anticipated that the water dispenser market trend and forecasts will continue.
Through 2032, the bottleless product category of the water dispenser market is anticipated to grow at the fastest rate, 9.9%.
The majority of the water dispenser market was dominated by the commercial application segment.
The segment that will grow the fastest is predicted to be the industrial application.
The commercial application segment’s hospitality sector is projected to grow at the highest CAGR, 9.9%.
With a 42.60% water dispenser share, the retail store sector had the largest water dispenser share.
Through 2032, Asia Pacific is anticipated to have the highest CAGR of 11.0% for the water dispenser size.
India is anticipated to grow at a healthy CAGR in the water dispenser market.
Competitive Landscape:
New market research report on water dispenser says that Whirlpool Corporation; Primo Water Corporation (formerly, Cott Corporation); Honeywell International Inc.; Culligan International Company; Clover Co. Ltd; Waterlogic Holdings Limited; Midea Group Co. Ltd; A.O. Smith Corporation; Edgar’s Water are among the legacy players vendors.
The research offers a comprehensive competition analysis of these top competitors in the water dispenser market, including water dispenser market growth, water dispenser market share, water dispenser market key trends and opportunities and important water dispenser market statistics.
Recent Development In The Water Dispenser:
Acquisition:
Four reputable institutional investors — British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia — have acquired a sizeable minority stake in Waterlogic Holdings Limited, the company announced in April 2020. With the help of the capital obtained from this acquisition, the business was able to expand more quickly and take the lead globally in the quickly expanding market for bottle-free workplace hydration.
Product Launch:
Aquaverve announced in September 2020 that its touchless water cooler line would be available. The Oceanik Touchless Bottleless Cooler and the Pacifik Touchless Bottleless Cooler are two models of touchless water coolers that they created. The Pacifik model can be ordered both with and without a bottle.
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Key Players:
Whirlpool Corporation
Primo Water Corporation (formerly, Cott Corporation)
Honeywell International Inc.
Culligan International Company
Clover Co. Ltd.
Waterlogic Holdings Limited
Midea Group Co. Ltd.
A.O. Smith Corporation
Edgar’s Water
