Water Dispenser Market Analysis 2022, Industry Size, Share & Forecast Till 2027

At 6.30% CAGR, Global Water Dispenser Market Size & Share to Surpass US$ 3.66 Billion by 2028 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC Group.

Global Water Dispenser Market Overview (2022-2027)
• Historical Market Size (2021):US$ 2.52 Billion
• Forecast CAGR (2022-2027): 6.30%
• Forecast Market Size (2027): US$ 3.66 Billion

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.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

• Bottled
  • Top-Loading
  • Bottom-Loading
• Point-of-Use

Breakup by Operations:

• Free Standing
• Countertop
• Under the Sink
• Wall Mounted

Breakup by Technology:

• Filter-Free
• Filtered
  • RO
  • Filters and Cartridges

Breakup by Distribution Channel:

• Retail Stores
• Non-branded Stores
• Online Stores

Breakup by Application:

• Commercial
• Residential
• Industrial

Based on the Application sector, the report finds that the utility sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

List of Major Key Players:

The major players in the market are  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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