The distribution of infrared sensors is rapidly gaining ground and driving the water dispenser market adoption trends as direct human contact between people declines. The water dispenser market has favored versions that are both practical and affordable in recent years, according to predictions. Ecommerce platform vendors are working hard to develop fresh strategies for increasing sales of water dispensers and meeting demand for water dispensers.
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The water dispensers market is restricted by two main factors, including frequent component replacement and escalating costs, particularly during the summer, in addition to experiencing unheard-of water dispenser market growth. Two factors are limiting the water dispenser market adoption trends.
The water dispenser market size expansion during the busiest summer months may be hindered by frequent product components and higher costs. These elements are anticipated to limit water dispenser market growth as well as water dispenser market trends.
Key Takeaways:
More than 70% of the water dispenser market was made up of bottled goods, and it is anticipated that the water dispenser market trend and forecasts will continue.
Through 2032, the bottleless product category of the water dispenser market is anticipated to grow at the fastest rate, 9.9%.
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The majority of the water dispenser market was dominated by the commercial application segment.
The segment that will grow the fastest is predicted to be the industrial application.
The commercial application segment’s hospitality sector is projected to grow at the highest CAGR, 9.9%.
With a 42.60% water dispenser share, the retail store sector had the largest water dispenser share.
Through 2032, Asia Pacific is anticipated to have the highest CAGR of 11.0% for the water dispenser size.
India is anticipated to grow at a healthy CAGR in the water dispenser market.
Recent Development In The Water Dispenser:
Acquisition:
Four reputable institutional investors — British Columbia Investment Management Corporation (BCI), Neuberger Berman, StepStone, and Skandia — have acquired a sizeable minority stake in Waterlogic Holdings Limited, the company announced in April 2020. With the help of the capital obtained from this acquisition, the business was able to expand more quickly and take the lead globally in the quickly expanding market for bottle-free workplace hydration.
Product Launch:
Aquaverve announced in September 2020 that its touchless water cooler line would be available. The Oceanik Touchless Bottleless Cooler and the Pacifik Touchless Bottleless Cooler are two models of touchless water coolers that they created. The Pacifik model can be ordered both with and without a bottle.
Key Players:
Whirlpool Corporation
Primo Water Corporation (formerly, Cott Corporation)
Honeywell International Inc.
Culligan International Company
Clover Co. Ltd.
Waterlogic Holdings Limited
Midea Group Co. Ltd.
A.O. Smith Corporation
Edgar’s Water
Key Segments
By Product Type:
Bottled
Bottle-less
By Application:
Residential
Commercial
Industrial
By End-Use:
Commercial
Hospitality
Transport Terminal
Institutions
Corporate Offices
Others
Industrial
Food Beverages
Healthcare
Others
Fragmented:
Culligan International Company
Clover Co. Ltd.
Waterlogic Holdings Limited
Midea Group Co. Ltd.
A.O. Smith Corporation
Edgar’s Water
Consolidated:
Whirlpool Corporation
Primo Water Corporation (formerly, Cott Corporation)
Honeywell International Inc.
