The global water dispenser market size was valued at USD 1.95 billion in 2018 and is expected to reach USD 3.26 billion by 2025, registering a CAGR of 7.6% during the forecast period.
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.
Gather more insights about the market drivers, restrains and growth of the Global Water Dispenser Market
Rising awareness regarding the availability of energy-efficient products has also increased 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 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.
Based on the Product Insights, the market is segmented into Bottled, And Bottle-Less.
Based on the Application Insights, the market is segmented into Residential and Commercial.
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
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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 prominent players in the global water dispenser market include
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