The global water dispenser market size is expected to reach
USD 3.26 billion by 2025 registering a CAGR of 7.6%, according to a new report
by Grand View Research, Inc. Rising demand for clean drinking water appliances.
Moreover, rapid urbanization and increased purchasing power of consumers in
developing countries, such as China and India, is anticipated to boost the
demand further.
In addition, advent of
water purification technologies and cost-effective and energy-efficient water
cleaning products will support market growth. Drinking water scarcity across
various regions requires robust sources to fulfill the demand for safe drinking
water, which also leads to the extensive usage of water dispenser. Moreover,
the impact of e-commerce channels, rising number of convenience and specialty stores,
and availability of cost-effective products also provide growth opportunities
for the market.
Asia Pacific is
anticipated to be the fastest-growing regional market over the forecast period.
This growth can be attributed to technological and product innovations and
rising need for safe drinking water as a result of growing population in the
region. Rise in the sales of packaged water bottles due to deteriorating water
quality in several countries of APAC will boost the market growth further.
Moreover, increasing number of domestic manufacturers due to the presence of a
wide consumer base and demand is likely to contribute to the market growth.
Major companies in the
market are focusing on new product launches, capacity expansion, and
technological innovation to estimate the existing and future demand patterns
from upcoming product segments. Some of the prominent companies in the global
market are Whirlpool Corp.; Clover Co. Ltd.; Oasis International, Inc.; Glacial
Home; Primo Water Corp.; Honeywell International, Inc.; and Emersion Electric
Co.
For full research report on Water
Dispenser Market visit here: https://www.grandviewresearch.com/industry-analysis/water-dispenser-market
Further key findings from the study
suggest:
- In terms of revenue, bottled product segment is
projected to lead the global market in future. However, bottle-less
product segment will expand at the maximum CAGR over the forecast period
- Commercial application was the dominant segment in
2018 with an overall share of over 70.99%. On the other hand, residential
application is projected to be the fastest-growing segment from 2019 to
2025
- North America led the global water dispenser market
in 2018 and will maintain its dominant position throughout the forecast
years
- With increasing disposable income levels in India,
South Korea, China, and Japan, the market in Asia Pacific is anticipated
to witness the fastest growth
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/water-dispenser-market/request/rs1
Grand View Research has segmented the global water
dispenser market on the basis of product, application, and region:
Water Dispenser Product Outlook (Revenue,
USD Billion, 2015 - 2025)
- Bottled
- Bottle-less
Water Dispenser Application Outlook
(Revenue, USD Billion, 2015 - 2025)
- Residential
- Commercial
Water Dispenser Regional Outlook (Revenue,
USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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