The Global Water Dispenser Market is projected to grow at a considerable rate, registering a CAGR of over 7% from 2020 to 2025.
Water Dispenser: Introduction
A water dispenser, known as water cooler, is a machine that cools or warms up and dispenser water with a refrigeration unit. It is normally situated close to the bathroom because of closer admittance to plumbing. A drain line is additionally given from the water cooler into the sewer system.
Water dispenser arrive in an assortment of structure factors, going from divider mounted to bottle filler water dispenser blend units, to bi-level units and different organizations. They are generally broken up into two classes: point-of-use (POU) water dispenser and filtered water dispenser. POU water dispenser are associated with a water supply, while filtered water dispenser require conveyance of water in large bottles from merchants. Bottles water dispenser can be top-mounted or base stacked, depending on the design of the model.
Expanding request of instant hot and cold water among customers is a driving element for the market development. Rising attention to the purchaser towards the utilization of clean water for sound living will build the utilization of water dispensers’ items which drives the market.
Clean water supply is perhaps the most imperative necessities and concern looked by changed business and corporate spots. Thusly, the water dispensers’ market has acquired gained speed in the past couple of years.
Additionally, the clean water supply in business spaces is continuous in pattern and request because of severe guidelines to get representative or laborers’ health on the worksites. There is additionally a restricted stock of water into the business places, which guarantees the solid interest for filtered water dispensers business coordinated significantly towards business spaces. The water dispensers can be consolidated across different business applications, for example, corporate workplaces, educational institutes, amusement regions, shopping centres, public vehicle spaces, and institutions.
The minimal expense item accessibility, simplicity of establishment, and decreased support costs in the water dispenser upgrade its ubiquity among business spaces around the world. As indicated by the Water Dispenser and Hydration Association (WHA), the worldwide development in the business development market incomes is principally showing development for the water dispenser during the conjecture time frame. Such factors are relied upon to add to the improvement of the market during the forecast period.
Water dispensers offer several advantages over conventional water units as well as water purifiers. Installing water dispensers eliminate the need for any maintenance required in the case of purifiers. In addition, they are small sized, portable and hence make them preferred over purifiers.
The Global Water Dispenser Market size was 1.95 billion in 2018, and is projected to grow at a significant rate by 2025, registering a compound annual growth rate (CAGR) of over 7%.
Market segmentation: Analysis
The Global Water Dispenser Market is segmented by product, application, and geographic region.
Major Players in Water Dispenser market are:
Honeywell International, Inc.
Aqua Clara, Inc.
Blue Star India Ltd.
AO Smith Corporation
Angel Springs Ltd.
Culligan International Company
Ebac Water Coolers
On the basis by product – Bottle-less, and bottled.
Most important types of Water Dispenser products covered in this report are:
According to the product segment, bottled recorded the largest market share of more than 65% in 2018.
Most widely used downstream fields of Water Dispenser market covered in this report are:
According to the application segment, commercial rules the market with the maximum share.
Considering the influence of COVID-19 on the global Water Dispenser Market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.
Major Regions or countries covered in this report:
- North America
- Middle East and Africa
- South America
- South Korea
- Southeast Asia
According to the regional segment, North America dominates the market with the highest market share.
Years considered for this report:
Historical Years: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2021-2026