"Consistently Growing Commercial Construction Sector Worldwide to Ensure Continued Demand for Water Dispensers"
Pure water supply is one of the most crucial concerns faced by different commercial and public places. Subsequently, water purifiers market has gained immense pace over the past few years. Nevertheless, higher cost of water purifiers has ensured packaged water bottles to emerge as a strong business directed majorly towards commercial spaces. Due to lesser cost, ease of installation and reduced maintenance dispensers are gaining rapid popularity among commercial spaces worldwide. Due to continued growth observed in commercial construction sector worldwide, water dispensers are set to continue exhibiting increased growth over the forecast period. Water dispensers are widely used in commercial spaces such as corporate offices, public transport spaces, educational institutes, entertainment areas, shopping malls and several others. All these factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2021 – 2029.
"Bottled Water Dispensers to Retain their Dominance throughout the Forecast Period"
In 2020, the bottled water dispensers segment led the overall market with a share, in terms of revenue, of over 70% across the globe. These are the most convenient type of water dispensers and require lesser hassle in installation, operation and maintenance as compared to piped-in water dispensers. Bottled water dispensers are available in different configurations including top loading and bottom loading which further adds to the convenience of the segment. Additionally, they are portable and can be installed anywhere irrespective of water piping. Piped-in water dispensers on the contrary require lesser cost for operation and maintenance. Nevertheless, being dependent upon water piping infrastructure, they offer lesser portability as compared to the bottled counterparts. Thus, bottled water dispensers segment would continue dominating the market throughout the forecast period.
"Asia Pacific to Demonstrate the Fastest Growth in the lieu of its Rising Commercial Construction and Industrial Sectors"
Asia Pacific dominates the overall water dispensers market with over 35% share globally. China and India are the key markets for water dispensers due to their proliferating commercial construction sector. Due to presence of huge IT sector, corporate office spaces have witnessed profound growth in the countries over the period. In addition, increasing number of entertainment spaces, shopping malls and improving public transport is another major factor supporting the market growth. With continually growing corporate sector in Asia Pacific, the region is expected to register the fastest growth during the forecast period. The Asia Pacific market is followed by Europe and North America.
"Large Number of Water Dispenser Vendors to Ensure a Fragmented and Competitive Market"
The overall water dispensers market worldwide is fragmented in nature having numerous international and regional companies operating in the market. Water dispensers form an adjacent market for water purifiers having significant effect on the sales of latter. As a result, majority of the water purifier companies have already entered the water dispensers segment in order to maintain their position in both the markets. The market comprises numerous regional and international players having presence in both purifier and dispenser segments, making it quite competitive in nature. Market players focus on offering water dispensers with added functionalities in order to attract the customers.
Some of the major water dispenser vendors profiled in the report include Alpine Coolers, Angel Springs Ltd., AO Smith Corporation, Aqua Clara, Inc., Blue Star India Ltd., CELLI S.p.A., Clover, Crystal Quest, Culligan International Company, Ebac Water Coolers, Electrolux AB, Haier Group, Honeywell International, Inc., Midea Group, OASIS International, Voltas Ltd., Waterlogic Plc. and Whirlpool Corporation among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Water Dispensers market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Water Source
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Product
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Sales Channel
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End-user
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
