Growing Demand for Freshwater is Propelling the Water Dispensers Market

The global water dispenser market is projected to grow at a considerable CAGR of 7.0% during the forecast period (2024-2031). The market growth is driven by the increase in the demand for clean drinking water appliances owing to the rise in the number of waterborne diseases. Additionally, the easy portability, usage, and installation process, and the low maintenance cost of the instruments are propelling the market growth during the forecast period.  Water scarcity in several regions and the lack of potable drinking water sources are creating significant opportunities for market growth. Moreover, the growing awareness related to the availability of energy-efficient products has promoted the widespread adoption of water dispensers. The increased purchasing power of consumers and rising health consciousness, are further bolstering the market.  However, frequent replacement of product parts or components along with additional expenses during peak summertime may restrain the market growth. 

The global water dispenser market is segmented by product type (bottled, bottle-less) by design type (freestanding water dispenser, wall-mounted water dispenser, tabletop water dispenser, direct piping water dispenser, bottom mounted water dispenser) by end-user (residential, commercial), and geography (North America, Europe, Asia-Pacific, and Rest of the World). 

Market Dynamics

• The commercial segment is anticipated to hold a major market share. The segmental growth is driven by the rising utility of water purification products in commercial buildings, and the unavailability of direct water sources. 

• The residential segment is anticipated to exhibit considerable growth attributed to the rising usage of water purification products in the residential sector of developing countries. Additionally, the lack of supply of clean drinking water to the residential sector due to rising pollution is driving the segmental growth during the forecast period. 

• In North America, the US is anticipated to hold a major market share. The national market growth is attributed to the well-developed commercial infrastructure in the region and the huge demand for water dispensers in homes. 

• Furthermore, the presence of key players such as Honeywell International, Inc., Whirlpool Corp., Emerson Electric Co., and Clover Co. Ltd. among others is propelling the US water dispenser market. 

• Asia-Pacific is anticipated to project significant growth during the forecast period, owing to the growing population base in China and India. The increasing purchasing power of the consumer, the rise in demand for safe drinking water, and the availability of cost-effective water dispensers are additionally contributing to the water dispenser market growth.

• Moreover, the expansion of several international players in the Asia-Pacific region is bolstering the regional expansion. 

The major players in the global water dispenser market include Honeywell International, Inc., Whirlpool Corp., Emerson Electric Co., Clover Co. Ltd., Oasis International, Inc., Glacial Home, Primo Water Corp., Shanghai POVOS Enterprise (Group) Co., Ltd., Midea Group, Waterlogic Plc, Culligan, Edgar’s Water, and Blue Star, Ltd. The market players are actively adopting different growth strategies such as mergers & acquisitions, capacity expansion, and product innovation among others, contributing significantly to the market growth.    

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