Water Dispenser Market Size, Share, Expected Growth and Industry Forecast 2022-2027
IMARC Group has recently released a new research study “Water Dispenser Market Research Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Water Dispenser Industry?
The global Water Dispenser market size reached US$ 2.52 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.66 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is a Water Dispenser Market?
Water dispensers represent devices that are usually produced to distribute filtered water conveniently. In line with this, the unit connected to the mains dispenses water via a refrigeration unit that dispenses the water continuously. Apart from offering cooled water, numerous product variants equipped with a heater tank are used to dispense hot or boiling water to the users. Dispensing water is usually controlled by a button or knob from a source through a tap or spigot. Users need to press a button or turn a knob to clear water into the funnel, whether they are using bottle-less water coolers or bottled variants.
What are the major market drivers in the Water Dispenser Market ?
The increasing usage of this device in residential and commercial buildings, on account of its ease of usage and installation process, low maintenance costs, portability of the product, etc., is among the key factors stimulating the water dispenser market. Moreover, the escalating demand for safe drinking water is acting as another significant growth-inducing factor. Besides this, the growing levels of groundwater depletion and contamination are positively influencing the global market.
Furthermore, the rising consumer awareness towards various water-borne diseases and the importance of consuming clean water for good living is also propelling the market growth. Apart from this, the introduction of multi-stage filtration with reverse osmosis (RO) and ultraviolet (UV) techniques is further bolstering the global market. Additionally, the inflating per capita income levels of individuals, the introduction of enhanced variants by key market players, several technological advancements, and extensive R&D activities are anticipated to fuel the water dispenser market over the forecasted period.
Who are the leading players in the Water Dispenser Market ?
A. O. Smith Corporation, Blue Star Limited, Clover Co. Ltd., Culligan Water, Electrolux AB, Haier Group Corporation, Honeywell International Inc., Midea Group, Panasonic Holdings Corporation, Primo Water Corporation, The Clorox Company, Voltas Limited and Waterlogic Plc.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
· Bottled
o Top-Loading
o Bottom-Loading
· Point-of-Use
Breakup by Operations:
· Free Standing
· Countertop
· Under the Sink
· Wall Mounted
Breakup by Technology:
· Filter-Free
· Filtered
o RO
o Filters and Cartridges
Breakup by Distribution Channel:
· Retail Stores
· Non-branded Stores
· Online Stores
Breakup by Application:
· Commercial
· Residential
· Industrial
By Geography:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain, Others)
· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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