NEWARK, Del, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The global water dispenser market size is projected to attain US$ 2,723.1 million by 2023. The water dispenser sales are expected to witness a robust CAGR of 8.9% from 2023 to 2033. By 2033, the water dispenser demand is anticipated to achieve a valuation of US$ 6,383.1 million.
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.
Strong sources are needed to supply the growing demand for clean drinking water in many areas where there is a drinking water shortage, which boosts sales of water dispensers and the water dispenser market growth along with water dispenser market future trends.
The distribution of infrared sensors is rapidly gaining ground and driving the water dispenser market adoption trends as direct human contact between people declines.
The water dispenser market has favored versions that are both practical and affordable in recent years, according to predictions. E-commerce platform vendors are working hard to develop fresh strategies for increasing sales of water dispensers and meeting demand for water dispensers.
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The water dispenser 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 dispenser 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.
The Hydration Revolution – Water Dispensers Emerge as Lifestyle Enhancers
- Water dispenser producers are creating hybrid devices that provide hot and cold water and sparkling water to meet a greater range of consumer needs.
- As consumers become health-conscious, there is an increasing demand for clean and safe drinking water. This in turn surges adoption of water dispenser.
- Environmentally friendly choices are becoming popular. Many customers seek water dispensers that support sustainability while reducing single-use plastic waste.
- Water dispensers are increasingly used in commercial and office environments to provide convenient access to drinking water for staff and consumers. The goal to improve staff well-being and sustainability is propelling the water dispenser market trend.
Market Challenges for Water Dispenser Providers
- Consumers continually search for eco-friendly alternatives, which might pose difficulties for water dispenser market.
- Contamination, faulty filtration, and maintenance difficulties can endanger public health and harm the reputation of water dispenser providers.
- The water dispenser market is subject to various regulations and standards governing water purity and energy efficiency. Meeting and adhering to these rules might be difficult.
Economic volatility and uncertainty can impact consumer purchasing and corporate investment decisions. These factors can affect the demand for water dispensers
“The water dispenser market is expected to advance progressively as people become aware of the need for hydration and adopt healthier lives. Demand for eco-friendly and smart dispensers is expanding as technology advances. The water dispenser system market is competitive, innovation-driven, and sensitive to consumer demands for sustainability and comfort.” opines Sneha Varghese, Senior Consultant, of Consumer Products & Goods at Future Market Insights (FMI).
Regional Outlook
Steady Market Growth for Water Dispensers in the North America
- The North America water dispenser market is expanding steadily, owing to increased awareness of hydration and water quality.
- Eco-friendly water dispenser systems are becoming popular in North America, reflecting increased environmental awareness.
- Smart and connected water dispenser innovation is advancing, increasing customer convenience and fostering water dispenser system market growth.
Sustained Demand for Water Dispensers in Europe
- The Europe water dispenser market is consistently in demand, desiring elegant, energy-efficient designs.
- The push to reduce plastic waste has contributed to the spread of refillable water dispensers across Europe.
- Water quality and safety laws continue to impact the competitive environment of the Europe water dispenser system market.
Strategies for Success in the Diverse Asia Pacific Water Dispenser Market
- The Asia Pacific water dispenser system market is booming because of urbanization and rising disposable incomes.
- Bottled water dispenser systems remain prevalent in many Asia Pacific countries. However, point-of-use solutions are gaining momentum.
Customization and value-added features are crucial selling elements for water dispenser manufacturers targeting the extensive Asia Pacific market.
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Key Takeaways
- The commercial application sector is estimated to dominate 57.8% of the market.
- The bottled product type sector is projected to be responsible for 63.2% of the market.
- Through 2033, the water dispenser machine market in the United Kingdom is scheduled to record a CAGR of 4.9%.
- By 2033, the France market is expected to exhibit a CAGR of 3.5%.
- Through 2033, Italy water dispenser machine market is predicted to register a CAGR of 3.5%.
- From 2023 to 2033, Spain market anticipates growth at a CAGR of 3.4%.
- By 2033, the Germany market is going to experience a CAGR of 4.2%.
- By 2033, the India water dispenser sales is estimated to develop at a CAGR of 3.4%.
- Through 2033, the China market is going to accelerate at a CAGR of 5.2%.
- By 2033, the Singapore water dispenser machine market is expected to exhibit a CAGR of 2.6%.
- From 2023 to 2033, the Australia market anticipates growth at a CAGR of 2.8%.
- By 2033, the Japan water dispenser system market is predicted to evolve at a CAGR of 3.3%.
- From 2023 to 2033, the Canada market is poised to expand at a CAGR of 8.7%.
- By 2033, the United States water dispenser sales is expected to propel at a CAGR of 6.8%.
Competitive Analysis
The major market competitors of water dispenser control a sizeable portion of the market and are widely recognized. Small-to-midsized competitors mainly cater to local customers and offer a limited selection of water dispensers.
Most established water dispenser manufacturers have extensive global distribution networks to serve their enormous customer bases, so their influence on the industry is generally significant. The leading market players in water dispenser prioritize product launches, acquisitions, partnerships, and involvement expansions to boost revenue growth and solidify their positions in the global market.
Novel Advacenments – Key Acquisitions
- In June 2022, A. O. Smith Corporation completed the acquisition of Florida-based water treatment company Atlantic Filter Corporation. A. O. Smith sought to grow the water treatment sector through the acquisition to offer innovative, stand-out solutions for heating and treating water. The acquisition increased A. O. Smith's capabilities outside of Florida.
- Aquamaq, a manufacturer of water dispensers designed to supply safe and clean water, was bought by Waterlogic in December 2021. With innovative technology and Complete Care Services, Waterlogic hoped to attract many new customers with this acquisition. With the acquisition, Waterlogic has fully established itself in the vital Colombian market and has seen tremendous business growth.
Key Water Dispenser Manufacturers
- 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
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.
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Key Segments
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
- Asia Pacific
- Latin America
- Middle East and Asia
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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