Market Snapshot:
Increasing demand for instant hot and cold water among consumers is driving the market growth in the forecasted period. A water dispenser, known as a water cooler (if used for cooling only), is a machine that cools or heats up and dispenses water with a refrigeration unit. Globally, schools/university is dominating because of the huge demand of clean water for the consumption of children which further boosts the demand of water dispensers in the market. The preferences of the consumers for the huge capacity of the water supplying system to fulfill the requirement of the large size of the population.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | BRITA GmbH (Germany), WHIRLPOOL CORPORATION (United States), Honeywell International Inc (United States), Emerson Electric Co. (United States), MIDEA GROUP (China), Merck KGaA (Germany), YUYAO KOKO INTERNATIONAL TRADING CO.(China), LAMO Electrical Appliance Group Co., Ltd (China), Clover Co.,Ltd. (South Korea.) and VOLTAS, INC. (United States) |
CAGR | 7.2% |
Segment Analysis
AMA Research have segmented the market of Global Water Dispensers market by Type, Application and Region. On the basis of Type, Direct Piping/Point Of Use (POU) are dominating the market in the year 2021 where as Bottled Water Dispenser or Bottled Water Cooler (BWC) stood as second largest market share.
On the basis of geography, the market of Water Dispensers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Rising awareness of the consumer towards the consumption of clean water for healthy living will increase the consumption of water dispensers and High demand due to due to easy installation feature of the water dispensers
Market Drivers
Increasing demand for instant hot and cold water among consumer and The rising consumption of automatic dispensers
Opportunities
Rising Demand of Touch Less and Gesture Control Technologies of Water Dispensers and Technological innovations in the products
Restraints
- The technological complexities of Water Dispensers
In addition to the aforementioned factor, Increasing demand for instant hot and cold water among consumer
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are BRITA GmbH (Germany), WHIRLPOOL CORPORATION (United States), Honeywell International Inc (United States), Emerson Electric Co. (United States), MIDEA GROUP (China), Merck KGaA (Germany), YUYAO KOKO INTERNATIONAL TRADING CO.(China), LAMO Electrical Appliance Group Co., Ltd (China), Clover Co.,Ltd. (South Korea.) and VOLTAS, INC. (United States). A lot of European players are profiled in the research study indicating a strong market dependence.