Trusted Business Insights presents the Latest Study on Water Dispenser Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Water Dispenser Market
The global water dispenser market size was valued at USD 1.95 billion in 2018. The market is estimated to expand further at a CAGR of 7.6% from 2019 to 2025. Some of the factors driving the product demand include portability, easy usage and installation process, and minimal maintenance costs. Drinking water scarcity in several regions requires robust sources to meet the rising demand for safe drinking water leading to increased product sales, thereby augmenting the market growth.
Rising awareness regarding the availability of energy-efficient products has also increased the industry growth. For instance, in 2017, Q&C water coolers introduced an energy-efficient dispenser with smart hot and cold type, which provides 95% energy efficiency. Moreover, initiatives undertaken by various governments have led to the growth in the market.
Promotional campaigns by the leading manufacturers also helps in driving the market. Low maintenance requirements along with after-sales services provided by manufacturers also contribute to the product demand. In addition, availability of a variety of products, such as top load and wall-mounted, with direct plumbing features and simple cleaning processes will boost the demand further.
On the other hand, frequent replacement of product parts or components along with additional expenses during peak summertime may have a negative impact on the market growth. However, increased purchasing power of consumers and health concerns due to rising water pollution levels will support the product demand.
Market Segmentation, Outlook & Viewpoint: Global Water Dispenser Market
Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Application Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Water Dispenser Market
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Bottled product segment in market accounted for the largest market share of more than 68% in 2018 and is projected to remain dominant throughout the forecast years. Rising demand for bottled water is the key factor driving the segment. Moreover, lower initial costs along with easy installation and low maintenance requirements are likely to augment the product demand.
However, bottle-less product type is projected to witness the fastest CAGR of 8.61% from 2019 to 2025. Such products do not require any loading and unloading of water bottles on machine, which is a key factor propelling the segment growth. These products are directly connected to the water pipelines and thus can be used all the time without the need for water bottles. These products are mainly used in hotels, restaurants, etc.
Commercial application segment led the global market in 2018 accounting for the largest share. The segment is driven by rise in demand for continuous clean water supply in commercial spaces. In addition, unavailability of direct water sources in several commercial buildings will also boost the product demand in this segment. Residential application is expected to be the fastest-growing segment from 2019 to 2025.
The growth is attributed to the increasing usage of water purification products in the residential sector, especially in developing countries like China and India, due to the absence of fresh and clean water sources. Moreover, supply of low-quality drinking water in residential areas due to increasing pollution levels will impel the product demand, thereby augmenting the segment growth.
North America is estimated to be the largest regional market over the forecast period due to high demand for advanced home appliances in countries, such as U.S. and Canada. Moreover, strong presence of leading manufacturers, such as Honeywell, Emerson Electric, and Whirlpool Corp., also boosts the product sales, thereby fueling regional market growth.
Asia Pacific is expected to have the highest CAGR of 9.84% from 2019 to 2025 on account of rising demand for water purification sources and appliances in countries, such as China and India. The consumer appliances market in India is projected to ascend at a healthy CAGR over the forecast period. Increased purchasing power of consumers in developing countries of APAC will boost the demand further. Moreover, many international companies are entering the regional market by introducing technologically advanced products. This is also likely to contribute to the market growth over the years to come.
Water Dispenser Market Share Insights
The market is identified by several strategic activities, such as acquisitions, mergers, product innovations, marketing campaigns, and capacity expansions, initiated by the key manufacturers. Some of the prominent industry participants include Whirlpool Corp.; Clover Co. Ltd.; Oasis International, Inc.; Glacial Home; Primo Water Corp.; Honeywell International, Inc.; and Emerson Electric Co.
Key Insights Covered: Global Water Dispenser Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Water Dispenser industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Water Dispenser industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Water Dispenser industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Water Dispenser industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Water Dispenser industry.
Research Methodology: Global Water Dispenser Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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