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Water Dispensers Market

Market Study on Water Dispensers: Acknowledging the Broadening Application Across the Commercial Sector, PMR Identifies a Host of Revenue Generation Opportunities for Manufacturers

A Detailed Analysis of the Water Dispensers market Based on Growing Focus on Palatable Water, Technological Improvements, and Regulatory Standards

Water Dispensers Market

The global water dispensers market is forecast to expand at a CAGR of 9.5% and thereby increase from a value of US$3.2 Bn in 2023, to US$6 Bn by the end of 2030.

Attributes

Key Insights

Water Dispensers marketSize (2023E)

US$3.2 Bn

Projected Market Value (2030F)

US$6.0 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

9.5%

Historical Market Growth Rate (CAGR 2018 to 2022)

9.3%

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Market Introduction and Definition

Water dispensers are indispensable fixtures in commercial and residential environments, as they facilitate easy access to potable water. There are numerous varieties of these devices available, such as countertops, bottles, and bottled dispensers. The main purpose of these devices is to provide water for cooking or imbibing, thus serving as a practical and efficient means of meeting hydration requirements. Incorporating technological advancements such as temperature control and filtration systems into contemporary water dispensers significantly improves their functionality. The water dispensers market is witnessing an increase in the prevalence of eco-friendly designs and energy-efficient models, which correspond to the rising consumer demand for environmentally responsible products and the increasing emphasis on sustainability.

The worldwide market for water dispensers is expanding rapidly due to a multitude of significant factors. Increasing awareness of the benefits of hydration and health is the primary factor driving the demand for water dispensers. The increasing emphasis that consumers place on leading healthier lives necessitates that pure drinking water be readily available.

Furthermore, the proliferation of water dispensers in commercial settings, including offices and public areas, substantially contributes to the growth of the market. This is because these establishments require hydration for their staff and guests. Furthermore, technological advancements are of utmost importance, as evidenced by the increasing popularity of smart dispensers owing to their touchless functionality and real-time monitoring capabilities.

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Market Growth Drivers

Mounting Focus on Ecological Sustainability

A principal factor propelling the worldwide water dispenser industry towards unparalleled expansion is the mounting focus on ecological sustainability. With the growing recognition of the need for ecological responsibility and climate change, both consumers and businesses are actively pursuing environmentally sustainable alternatives for their day-to-day activities. The water dispensers market is profoundly impacted by this paradigm shift, which compels manufacturers to give sustainability the utmost importance in both product development and operational practices.

As the market demands for environmentally sustainable solutions increase, water dispenser manufacturers are implementing innovative approaches that incorporate sustainable materials and energy-efficient technologies. The prominence of eco-friendly designs, which incorporate materials with reduced environmental impact, is increasing. An increasing number of manufacturers are integrating recyclable and biodegradable components into water dispensers to reduce their environmental impact throughout their life cycle. This not only corresponds with worldwide sustainability objectives but also appeals to ecologically aware consumers who give preference to products that have a limited ecological footprint.

Furthermore, the incorporation of energy-efficient attributes, including sophisticated cooling systems and programmable shut-off mechanisms, aids in the environmentally conscious shift of the market. These innovations have the dual benefit of benefiting the environment and appealing to budget-conscious consumers and businesses seeking to minimize operational costs through the reduction of energy consumption.

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Market Restraints

Inadequate Infrastructure

One notable factor impeding the expansion of the worldwide water dispenser industry is the obstacle presented by inadequate infrastructure, especially in developing countries. The global proliferation of water dispensers is impeded in some regions by insufficient infrastructure despite the increasing need for these devices. A deficiency in dependable and consistent water supply infrastructure impedes the smooth incorporation of water dispensers into residential and commercial environments in numerous developing economies.

Growing Apprehension Surrounding Environmental Sustainability and Plastic Waste

A significant obstacle that the global water dispensers market must contend with is the growing apprehension surrounding environmental sustainability and plastic waste. In the backdrop of global concerns surrounding the adverse effects of excessive plastic usage, the water dispenser industry is coming under greater scrutiny for its heavy reliance on plastic components, specifically in the manufacturing process of bottled water dispensers. The widespread utilization of single-use plastic bottles in bottled water dispensers substantially contributes to the buildup of plastic waste, which presents environmental risks and prompts inquiries regarding the sustainability commitment of the industry.

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Opportunities

Consumer Preference, and Increasing Awareness About Intelligent and Connected Devices

Consumer preference and increasing awareness of intelligent, connected devices is a significant opportunistic factor propelling the global water dispensers market. Considering the ongoing integration of technology into numerous facets of everyday existence, there is a growing demand among consumers for intelligent solutions that provide improved functionality and convenience. This phenomenon results in an increasing need for intelligent and interconnected dispensing systems with sophisticated functionalities and the ability to monitor in real time within the water dispenser industry.

Intelligent water dispensers, which are integrated with IoT, provide users with the capability to oversee and regulate their devices from a distance via mobile applications. The provision of connectivity not only enhances user convenience through the ability to personalize settings but also enables the extraction of data-driven insights pertaining to water consumption patterns and device performance. The provision of up-to-date information regarding water consumption, filter conditions, and temperature regulation appeals to consumers, thereby enhancing the hydration experience by offering customization and efficiency.

This phenomenon is especially conspicuous in technologically progressive societies and urban regions, where the incorporation of smart home solutions is progressively gaining prominence. Consequently, water dispenser manufacturers are investing in the development of technologically advanced, connected devices that pander to the changing preferences of contemporary consumers to capitalize on this opportunity.

Market Segmentation

What is the Top Product Type Segment?

Bottled Water Dispenser to Accommodate the Largest Market Share

In the upcoming years, the bottled water dispenser segment is anticipated to hold the greatest market share. In regions with dependable water supply infrastructure, the continued prevalence of bottled water dispensers can be attributed to their convenience and widespread availability, notwithstanding the increasing environmental concerns surrounding plastic waste. The segment of consumers who place a high value on the convenience provided by bottled dispensers currently controls the market.

On the contrary, it is anticipated that the bottle-less water dispenser sector will witness the most rapid expansion. The growing emphasis on sustainable practices and environmentally favorable alternatives, in conjunction with developments in water purification technology, is driving the increased demand for bottle-less dispensers. These water dispensers, which are frequently linked to pre-existing water sources, eradicate the necessity for single-use plastic bottles. This corresponds to the increasing inclination of consumers towards environmentally conscious decisions.

Which Application Area Captures the Maximum Revenue Share?

Residential Sector Accounts for the Largest Market Share

It is expected that the residential water dispenser sector will hold the most significant portion of the market. Immediate access to potable water that is both hygienic and contaminant-free stimulates the demand for water dispensers in residential settings. With the increasing awareness of health and the demand for hydration solutions that can be consumed at home, it is anticipated that the residential sector will retain its prevailing market share.

On the other hand, the commercial water dispensers market is anticipated to expand at the quickest rate. The proliferating implementation of water dispensers in hospitality establishments, offices, and public areas contributes to the commercial segment's accelerated expansion. To ensure the hydration of guests and promote the health of employees, organizations are anticipated to make substantial investments in water dispensers, thereby driving the commercial sector's substantial growth in the coming years.

What is the Leading End Use Category in the Market?

The Most Widespread Installations Prevail at Offices, and Public Areas

The increasing prevalence of water dispensers in offices, public areas, and hospitality establishments is anticipated to propel the commercial water dispenser segment to the largest market share. With the increasing emphasis on employee and visitor welfare, there is a burgeoning need for hydration solutions in commercial environments that are both convenient and easily accessible. The commercial sector's market leadership is additionally reinforced by the growing inclination towards environmentally sustainable and technologically sophisticated water dispensers, which correspond to the changing tastes of contemporary work environments.

On the flipside, it is expected that the industrial water dispenser sector will witness the most rapid expansion. The industrial sector is increasingly acknowledging the criticality of supplying workers in diverse environments, such as manufacturing facilities and factories, with potable water that is both hygienic and sanitary. Due to regulatory and corporate efforts that prioritize employee well-being, along with technological advancements in industrial water dispensers, the industrial sector is positioned for substantial growth to supply hydration to a workforce that is becoming increasingly diverse and expanding.

Top Regional Markets

North America’s Market Retains the Top Spot

It is anticipated that North America will hold the largest market share of the worldwide water dispenser industry. Due to the region's firmly established infrastructure and the considerable level of consumer consciousness surrounding health and wellness, water dispensers are widely utilized in both commercial and residential settings.

North American market penetration is bolstered by the increasing demand for cutting-edge water dispensers that are frequently outfitted with intelligent functions. In addition, the increasing demand for environmentally responsible solutions by businesses and consumers coincides with the market's increasing emphasis on sustainability, which contributes to the prevalence of water dispensers in this region.

Ample Opportunities Arise in Asia Pacific

Conversely, it is anticipated that South Asia, and Oceania will witness the most rapid expansion in the worldwide water dispenser industry. The convergence of the region's emerging economies, increasing population, and rising living standards fosters a favorable milieu for the expansion of markets. A greater understanding of the significance of pure water and a rise in urbanization both contribute to the increased demand for water dispensers.

In addition, the continuous progress in technology and the cost-effectiveness of water dispensing solutions contribute to their widespread availability among consumers in this area. With the increasing emphasis on health and hygiene, and the changing lifestyles observed in South Asia and Oceania, the water dispensers market is anticipated to expand rapidly, offering profitable prospects for market participants.

Competitive Intelligence and Business Strategy

Strategic initiatives are utilized by the market leaders of water dispensers worldwide, such as Whirlpool Corporation, Honeywell International Inc., and Breville Group Limited, to maintain and increase their market share. These businesses have come to understand the significance of strategic partnerships, innovation, and sustainability in preserving their competitive advantage.

Whirlpool Corporation, a market leader, has made substantial investments in research and development to equip its water dispensers with cutting-edge technologies. Their strategic emphasis on smart home solutions, which include advanced filtration systems, mobile connectivity, and touchless operation, has been crucial. Whirlpool endeavors to secure a substantial portion of the market by strategically associating its products with the expanding phenomenon of connected homes. This is achieved through the provision of technologically advanced and convenient water dispensing solutions to consumers.

To conclude, the market leaders in water dispensers utilize a diverse range of strategies to attain the greatest possible portion of the market. These factors, which comprise technological advancements, sustainability efforts, and strategic alliances, collectively contribute to their dominant position in the market and continuous expansion amidst intense competition.

Key Company Developments

Acquisition Notice

Culligan International Company announced in 2021 its acquisition for $1.1 billion of AquaVenture Holdings Limited, a prominent provider of water solutions to governments, businesses, and consumers. Culligan intended to strengthen its presence in North America and broaden its product portfolio in the global water purification market through the acquisition.

Market Impact: The $1.1 billion acquisition of AquaVenture Holdings Limited by Culligan International Company in 2021 is anticipated to have a substantial effect on the global water dispensers market. By diversifying its product portfolio and increasing its presence in North America, this strategic maneuver strengthens Culligan's position in the global water purification market. The acquisition serves to enhance Culligan's market dominance. It mirrors the prevailing pattern of industry consolidation and strategic alliances among major participants, thereby contributing to the development of a more resilient and competitive environment.

(Source: FoodBev Media)

New Product Line

Blue Star Limited introduced Softpush Bottled Water Dispensers to its line of commercial refrigeration products in February 2021. The item serves to shield the user's hands from any potential contact with the machine.

Market Impact: It is anticipated that the introduction of Softpush Bottled Water Dispensers by Blue Star Limited, which are constructed to protect users' palms from possible machine contact, will have a favorable effect on the international market. This novel product effectively tackles issues pertaining to hygiene and safety, thereby conforming to the increased consciousness surrounding health protocols. By incorporating user safety-oriented features, Blue Star Limited not only strengthens its market position but also establishes a precedent within the industry, thereby shaping consumer inclinations worldwide towards water dispensing solutions that prioritize security and hygiene.

(Source: Blue Star Limited)

Water Dispensers market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product Type
  • Application
  • End Use
  • Region

Key Companies Profiled

  • 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

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

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Water Dispensers market Research Segmentation

By Product Type:

  • Bottled
  • Bottle-less

By Application:

  • Residential
  • Commercial
  • Industrial

By End Use:

  • Commercial
    •  Hospitality
    •  Transport Terminal
    •  Institutions
    •  Corporate Offices
    •  Others
  • Industrial
    •  Food and Beverages
    •  Healthcare
    •  Others

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • 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

- Frequently Asked Questions -

The market for water dispensers is anticipated to grow at a CAGR of 9.5% by the end of 2030.

As of 2023, the global Water Dispensers Market size is registered at around US$3.2 Bn.

The US currently spearheads the global Water Dispensers Market.

Some of the prominent players in the market are Whirlpool Corporation, Primo Water Corporation (formerly Cott Corporation), Honeywell International Inc., Culligan International Company, and Clover Co. Ltd.

The industrial sector represents the fastest-growing segment of the market throughout the forecast period.

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