Water Dispenser Industry Overview
The global water dispenser market size was valued at USD 2.48 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. Product demand is being driven by factors such as portability, ease of use and installation, and low maintenance costs. Drinking water scarcity in several regions necessitates robust sources to meet the rising demand for safe drinking water, resulting in increased product sales and, as a result, market growth. The COVID-19 pandemic has brought about a seismic shift in consumers' attitudes toward wellness and health safety. The infrared sensor dispensing is gaining high traction as direct human contact is reduced. For instance, the Quench Q8 water dispenser operates on touchless sensor-activated dispensing to deliver instant hot and cold water.
The versions which are economical and functional are expected to be highly preferred in the market in recent years. Ecommerce platform vendors are actively developing new techniques to increase their sales in the global water technology market. As consumers become more aware of water-borne diseases, players are prioritizing multi-stage filtration, with RO and UV as major techniques, which can be profitable because they are more effective than other methods of water filtration.
Gather more insights about the market drivers, restraints and growth of the Global Water Dispenser Market
Leading manufacturers' promotional campaigns also help to drive the market. Low maintenance requirements, as well as after-sales services provided by manufacturers, help to drive product demand. Furthermore, the availability of a variety of products, such as top load and wall-mounted, with direct plumbing features and simple cleaning processes will drive up demand even further.
On the other hand, frequent product replacement or component replacement, as well as additional expenses during peak summertime, may have a negative impact on market growth. However, rising water pollution levels and increased purchasing power of consumers will support product demand.
Key players are taking the necessary steps to improve the accuracy and overall functionality of the devices. For instance, in 2021, Quench's new product line of touchless hydration solutions, dubbed the Quench Q-series, offers sensor-activated, touchless dispensing for health-conscious businesses and is the first of its kind to be available in the United States and Canada. QuenchWATER+ is produced by all Quench Q-Series options, and it employs a proprietary 5-filter setup to add electrolytes and improve the taste by removing sediments and contaminants. The result is electrolyte water that is crisp, clean, and delicious.
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Water Dispenser Market Segmentation
Grand View Research has segmented the water dispenser market based on product, application, end-use, distribution channel and region:
Water Dispense Product Outlook (Revenue, USD Million, 2017 - 2030)
- Bottled
- Bottle-less
Water Dispense Application Outlook (Revenue, USD Million, 2017 - 2030)
- Residential
- Commercial
- Industrial
Water Dispense End-Use Outlook (Revenue, USD Million, 2017 - 2030)
- Commercial
- Hospitality
- Transport Terminal
- Institutions
- Corporate Offices
- Others
- Industrial
- Food Beverages
- Healthcare
- Others
Water Dispenser Distribution Channel Outlook (USD Million, 2017 - 2030)
- Online
- Retail Store
- Non-Branded Store
Water Dispense Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East Africa)
Market Share Insights:
- September 2020: Aquaverve, North America's premier water cooler manufacturer, announced the launch of its touchless water cooler line. These water coolers were designed in response to the need to promote safer conditions for consumers and businesses in the wake of the coronavirus pandemic.
- April 2020: Waterlogic Holdings Limited announced the closing of the acquisition of a significant minority stake in the company by four strong institutional investors, namely British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia.
Key Companies profiled:
Some of the key players operating in the global water dispenser market include:
- Whirlpool Corporation
- Primo Water Corporation (formerly, Cott Corporation)
- Honeywell International Inc.
- Culligan International Company
- Clover Co. Ltd.
- Waterlogic Holdings Limited
- Midea Group Co. Ltd.
- O. Smith Corporation
- Edgar’s Water
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