Water Dispenser Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFMCG2982 | Last Updated On: Jun 22 2022 | Available Formats

> Global Water Dispenser Market Expected to reach a high CAGR of 7.2% during the forecast period 2022-2029: DataM Intelligence

Global Water Dispenser Market is segmented By Product (Bottled Water Dispenser, Plumbed-In Water Dispenser), By Dispenser Type (Wall Mounted, Bottom Load Water Dispenser, Table Topwater Dispenser, Direct Piping Water Dispenser, Freestanding, Others), By Distribution (Supermarkets/Hypermarkets, Specialty Stores, E-Commerce, Direct Sales, Others), By Application (Residential, Commercial), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Water Dispenser Market is expected to grow at a CAGR of 7.2% during the forecasting period (2022-2029).

The water dispenser or water cooler is used to cool or dispense water. It is interconnected to the mains than provides a live stream of cold or hot water. It is mainly categorized into two categories bottle-less water dispenser and bottled water dispenser. The water dispenser offers a refrigeration function to cool the water and offers hot water or room temperature water for tea, coffee, or other purposes. 

Market Dynamics

Increasing demand for clean drinking water appliances and rapid growth in the urbanization of developing economies, and the improved purchasing power of consumers in developing countries, such as India, China, Mexico, Malaysia, Indonesia, and South Korea, are anticipated to boost the demand further.

Rising demand for commercial water dispensers globally
Clean water supply is one of the most vital needs and concerns faced by different commercial and corporate places. Subsequently, the water dispensers market has gained immense pace in the past few years. Also, the clean water supply in commercial spaces is continuous in trend and demand due to strict regulations to secure employee or workers' health on the worksites. There is also a limited supply of water into the commercial places, which ensures the strong demand for bottled water dispensers business directed majorly towards commercial spaces. The water dispensers can be incorporated across various commercial applications such as corporate offices, educational institutes, entertainment areas, shopping malls, public transport spaces, and institutions.
The low-cost product availability, ease of installation, and reduced maintenance expenses in the water dispensers enhance its popularity among commercial spaces worldwide. According to the Water Dispenser & Hydration Association (WHA), the global growth in the commercial construction market revenues is primarily exhibiting growth for the water dispensers during the forecast period. Such factors are expected to contribute to the development of the market during the forecast period.

Rising awareness regarding the availability of energy-efficient water dispensers
There is a wide increase in demand for energy-efficient water dispensers. For instance, Q&C water coolers introduced an energy-efficient dispenser integrated with smart hot and cold options in 2018, which is estimated to offer 95% energy efficiency. According to the National Taipei University of Nursing and Health Sciences, water dispensers account for around 5.69% share of overall electricity consumption for all household appliances. The manufacturers invest in R&D to reduce the water dispensers' share and meet the demand for energy efficiency, as consumers are more aware of the energy-efficient home appliances. Moreover, many initiatives undertaken by various governments to save energy are exhibited to the growth for the demand and manufacturing of energy-efficient water dispensers in the global market in the coming years.

COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The lockdown policies have also strengthened the demand for water dispensers products, as the consumers have highly consumed water during sitting at home. Therefore, the manufacturers are started investing to increase the production capabilities to meet the global market's updated demand.

Market Segment Analysis

The water dispenser market has been classified into bottled water dispensers and piped-in water dispensers based on the product.

Bottled water dispensers lead the market throughout the forecast period.
The bottled water dispensers type segment led the overall market with a share in 2019. These bottled water dispensers are most commonly used in residential and commercial applications. Also, it is quite easy to install, operate, and post-purchase maintenance. These are also widely available in ent configurations such as bottom loading and top-loading, which further sums the product's convenience and enhances its demand. Portability is the key feature that can be installed anywhere, irrespective of water tap and water piping. 
Although piped-in water dispensers need a lesser cost for operation and maintenance across residential and commercial applications, its dependency on the water piping infrastructure limits its installation across the application areas, reducing its demand on the global market.

Based on the application, the water dispenser market has been classified into residential and commercial.

The commercial segment dominated the global water dispenser market in 2019
The commercial application segment accounted for the largest share in the global market in 2019. The commercial segment is driven by growth in demand for continuously clean water supply in commercial spaces. Moreover, the limited availability of direct water sources in several commercial buildings will also boost the market's product demand. 
The residential application is expected to be the fastest-growing segment in the global water dispenser market during the forecast period. The growing usage of water purification products in the residential sector, especially in developing countries such as India and China, owing to the absence of fresh and clean water sources, is expected to raise the demand for water dispensers in the market.

Geographical Analysis

Based on geography, the study analyzes the water dispenser market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The Asia Pacific leads the global market throughout the forecast period.
The Asia Pacific dominates the global water dispensers market with the largest share in terms of value and volume globally, followed by Europe and North America. In the Asia Pacific, China and India are the key water dispensers markets, where China is the leading consumer and producer of water dispensers in the global market. The growth is primarily driven due to their proliferating commercial construction sector. Also, huge IT sectors, institutions, and corporate office spaces have witnessed profound growth in the region near the forecast period. Besides, the increasing number of entertainment spaces, shopping malls, and improving public transport is another major factor supporting market growth. With a continually growing corporate sector in the Asia Pacific, the region is expected to register the fastest growth during the forecast period. 
North America is estimated to account for the significant market position due to the domestic region's development to offer freshwater to every citizen and the high demand for smart water dispenser home appliances in countries like the US and Canada. Moreover, the firm leading manufacturers presence, such as Emerson Electric, Honeywell International, and Whirlpool Corp., is expected to boost the sales in the domestic market, thereby fueling the regional market growth in the coming years.

Competitive Landscape 

The water dispenser market is highly competitive, owing to the large presence of water dispenser brands. The key water dispenser players include Whirlpool Corp., Clover Co. Ltd, Oasis International, Inc., Glacial Home, Primo Water Corp., Honeywell International, Inc., Emerson Electric Co., Blue Star Limited, Atlantis, MIW Water Coolers, Brentorma Electricals (Shenzhen) Co., Ltd, Shenzhen Angel, Drinking Water Equipment Co., Ltd, Ningbo Lamo Drinking Water Equipment Co., Ltd, Qinyuan Group Co., Ltd, and LAMO Electrical Appliance Group Co., Ltd, among others. The crucial players are adopting new product launches and expansion strategies for global growth in the water dispenser market.   

Whirlpool Corp.
Overview: Whirlpool Corporation is the world’s leading kitchen and laundry appliance company, with approximately $20 billion in annual sales, 77,000 employees, and 59 manufacturing and technology research centres in 2019. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit, and other prominent brand names worldwide.
Product Portfolio: The company's portfolio comprises a wide range of kitchen and laundry appliances.

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