PUBLISHER: IMARC | PRODUCT CODE: 1541242
PUBLISHER: IMARC | PRODUCT CODE: 1541242
The global water dispenser market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.31% during 2024-2032. The rising prevalence of waterborne diseases, continuous product innovations in water filtration systems, and growing awareness regarding the need for environmental sustainability represent some of the key factors driving the market.
A water dispenser is a household or office appliance that dispenses clean drinking water. It is a convenient alternative to traditional water pitchers or tap water, which may contain impurities or have poor taste. It consists of a water tank, a filter, and a dispenser faucet that provide an unlimited supply of filtered, safe drinking water at any workplace by plumbing into the existing water source system. It is a filtration system that removes impurities, such as chlorine, sediment, and bacteria, from the water before it is dispensed. The filters may need to be replaced periodically to ensure optimal water quality. As a result, it offers a range of advantages, making them a popular choice for homes, offices, and public spaces, including providing access to clean drinking water, convenience, cost-effectiveness, environmentally friendly, versatility and hot and cold-water options. Besides this, due to the ease of installation process and usage and low maintenance costs, there has been a considerable rise in the demand for water dispensers across commercial and industrial sectors.
The global market is primarily driven by the widespread demand for clean drinking water. Coupled with the rising prevalence of waterborne diseases and contamination of tap water, consumers are looking for safe and convenient ways to access clean drinking water, which is providing a boost to the overall market for water dispensers as they provide a reliable source of freshwater. Along with this, the growing health consciousness among the masses is also a key driving factor for the water dispenser market as individuals are choosing to drink more water instead of sugary drinks to promote better health and well-being. Apart from this, continual technological advancements and continuous product innovations in water filtration and purification systems are impacting the market favorably. Additionally, the development of smart water dispensers with Wi-Fi connectivity and mobile apps has made it easier to monitor water usage and track filter replacement, further influencing the demand on the global level. Furthermore, the rising awareness regarding the need for environmental sustainability has propelled the demand for sustainable products, which, in, turn is, driving the uptake for water dispensers as they eliminate the need for single-use plastic bottles. Other factors, including rapid urbanization and industrialization and easy product availability via online and offline organized distribution channels, are also acting as growth-inducing factors.
IMARC Group provides an analysis of the key trends in each sub-segment of the global water dispenser market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, operations, technology, distribution channel and application.
Bottled
Top-Loading
Bottom-Loading
Point-of-Use
The report has provided a detailed breakup and analysis of the water dispenser market based on the type. This includes bottled (top-loading and bottom-loading) and point-of-use. According to the report, bottled represented the largest segment.
Free Standing
Countertop
Under the Sink
Wall Mounted
A detailed breakup and analysis of the water dispenser market based on the operations has also been provided in the report. This includes free standing, countertop, under the sink and wall mounted.
Filter-Free
Filtered
RO
Filters and Cartridges
The report has provided a detailed breakup and analysis of the water dispenser market based on the technology. This includes filter-free and filtered (RO and filters and cartridges).
Retail Stores
Non-branded Stores
Online Stores
A detailed breakup and analysis of the water dispenser market based on the distribution channel has also been provided in the report. This includes retail stores, non-branded stores and online stores. According to the report, retail stores accounted for the largest market share.
Commercial
Residential
Industrial
The report has provided a detailed breakup and analysis of the water dispenser market based on the application. This includes commercial, residential and industrial. According to the report, the commercial application represented the largest segment.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for water dispenser. Some of the factors driving the North America water dispenser market included the growing health consciousness, increasing population, rising demand for convenient water purification systems, etc.
The report has also provided a comprehensive analysis of the competitive landscape in the global water dispenser market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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, Waterlogic Plc, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.