Water Dispenser Market Size to Reach Revenues of USD 1,185.94 Million by 2026 - Arizton

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Aug 16, 2021, 09:00 ET

CHICAGO, Aug. 16, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global water dispenser market report.

The water dispenser market is expected to grow at a CAGR of over 7.35% during the period 2020−2026.

Key Highlights Offered in the Report:

1. The global water dispenser market is expected to pose an absolute growth of over 53% during the forecast period with high potential in APAC and Latin America.

2. By type, point-of-use systems is the fastest-growing segment, which is expected to account for over 34% share of the total shipments by 2026.

3. In Europe, the free-standing segment is expected to generate incremental revenue of USD 51.09 million, with high threat from countertop segment.

4. With high preference for RO technology, the filtered segment is seen as the future of water dispensers, where the expected incremental sales are over 0.5 million units.

5. Following the impact of pandemic, the scope for the adoption of touchless, sensor infused water dispensers is high in waiting rooms, reception, consulting rooms, surgical centers, senior living facilities, and doctor rooms of healthcare facilities.

6. Cities like Tokyo, which has over 200 coworking spaces, as well as Fukuoka and Osaka, can be targeted for hot water dispensers during the forecast period.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by type, operations, technology, applications, distribution channels, and geography
Competitive Landscape – 5 key vendors and 28 other vendors

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Water Dispenser Market – Segmentation

The bottled segment accounted for a 65.57% share of the total revenue share in 2020, with major markets being North America and APAC. While a majority of the established players such as Avalon still operate in the bottled segment, the demand for bottled countertop dispensers is prominent in certain commercial and corporate spaces owing to their elegant design and functionality.
Free-standing dispensers are the most common type found in commercial spaces where the demand for downpour quantity is high. While larger footprint and energy efficiency are considered as challenges, countertop variants are expected to account for a major market share during the forecast period.
The filter-free segment accounted for a 64.54% market share in terms of revenue in 2020 and is expected to pose an absolute growth of 50.53% during the forecast period. The opportunity is also exploited through add-on features, sensitive pricing strategies, quality customer service, free inspection and maintenance, and other customer benefits.

Water Dispenser Market by Type

Bottled

Top-Loading
Bottom-Loading

Point-of-Use

Water Dispenser Market by Operations

Free Standing
Countertop
Under the Sink
Wall Mounted

Water Dispenser Market by Technology

Filter-Free
Filtered

RO
Filters & Cartridges

Water Dispenser Market by Applications

Commercial

Corporate Spaces
QSR, Hotels & Restaurants
Retail Stores
Educational Institutions
Healthcare
Public & Municipality
Recreational Centers
Others

Residential

Water Dispenser Market by Distribution

Online
Offline

Water Dispenser Market – Dynamics

In the highly competitive global water dispenser market, it has become inevitable for the players to get ahead of the competition with the incorporation of distinctive features and attributes either in terms of operation, design, installation, filtration, or technology in their products. Accordingly, the introduction of innovative features that are aimed at elevating the customer experience is expected to be a game changer over the next 5 years. Vendors are expected to have an eye on feature enhancements that can serve as a differentiating factor to accelerate the adoption of water dispensers among millennial and tech-savvy households in the US, Europe, and Middle Eastern markets. Capitalizing on water quality, maintenance, accessibility, and sensors are recommended. Some of the other major features of water dispensers that are gaining prominence in recent years are mentioned below. The demand for hands-free hydration methods has risen in recent years, especially with the onset of the COVID-19 pandemic in 2020. Significant players like Waterlogic are offering hands-free water dispensers with foot-operated pedals. The brand also offers the facility to integrate the feature into any existing water dispenser.

Key Drivers and Trends fueling Market Growth:

Preference for Eco-friendly POU Systems
Emergence of Coworking Spaces
Demand for Clean & Filtered Water
High Adoption in Commercial Establishments

Water Dispenser Market – Geography

The rising incidence of waterborne diseases demands instant access to hot and cold water, the significance of filtered water, the impact of plastic and bottled water, campaigns from environmental agencies, and governing bodies regulating safe drinking water are influencing the market for water dispensers globally. With the impact of the COVID-19 pandemic in 2020, the significance of safe and healthy water has surged in the developing economies of Africa and APAC. Accordingly, APAC, Latin America, and the Middle East & Africa are together expected to account for a 53.50% share of the global water dispenser market during the forecast period in terms of unit shipments. The level of adoption is highly influenced by the growing demand for on-the-go food culture, price points, technology, customer knowledge, space constraints, and concerns with huge initial investments of the equipment. Further, the global leaders in the industry are concentrated in the US, followed by Europe, which is the backbone for the growth and significance in the market.

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Water Dispenser Market by Geography

North America

US
Canada

Europe

Germany
UK
Italy
France
Spain

APAC

China
Japan
South Korea
India
Australia

Latin America

Brazil
Mexico

Middle East & Africa

South Africa
Saudi Arabia
UAE

Major Vendors

Culligan
Waterlogic
Primo Water Corporation
Canaletas
Celli Group

Other Prominent Vendors

Avalon Water Coolers
Blue Star
Voltas
Atlantis
Clover
Midea Group
Ningbo Jewin Electrical Appliances
Aqua Clara
Alpine Coolers
Ningbo Lamo Drinking Water Equipment
Bibo
Glug Glug Glug
Arctic Coolers
AquAid
BRITA
Alfred Karcher
Mistral
Vista France
Sure International
Mt. Fuji Springs
Aimex Australia
Royal Sovereign
Sprudel
CWAY Group
Aquazania
SEONE
GHP Group
Elkay Manufacturing Company

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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SOURCE Arizton Advisory & Intelligence