Water Dispenser Market Size, Share & Trends Analysis Report By Product (Bottle And Bottle-less), By Application (Residential, Commercial, And Industrial), By End Use, By Region, And Segment Forecasts, 2022 - 2030
Water Dispenser Market Growth & Trends
The global water dispenser market is expected to reach USD 5.34 billion by 2030, expanding at a CAGR of 8.9% during the
forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by the demand for
water dispensers with characteristics such as portability, easy usage and installation process, and minimal maintenance
costs.
The scarcity of drinking water in several regions requires robust sources to meet the rising demand for safe drinking water
which leads to increased product sales, thereby driving the market growth. Rising awareness regarding the availability of
energy-efficient products also drives the industry's growth.
For instance, in June 2021 Global natural water brand Evian launched Evian (re)new. Designed by Virgil Abloh, fashion
designer and creative advisor for Sustainable Innovation Design at Evian, the product features five-liter bubbles that
consumers place onto a base. The design is made from 100 percent recycled plastic. Notably, the bubble's "skin" is created
with 60 percent less plastic than if it was held in equivalent plastic bottles.
The bottled water dispenser segment is observed to occupy the largest market share in the market during the forecast period.
One of the significant driving factors for bottled water dispensers is that they do not require piping assembly. In addition,
these dispensers can be installed anywhere as per the customer’s preference. Moreover, the installation cost is drastically
reduced as compared to bottle-less dispensers, where the customer needs to set up a piping layout and make other necessary
operational arrangements. The rising demand for bottled water is the key factor driving the segment growth. Moreover, lower
initial costs along with easy installation and low maintenance requirements are likely to augment the product demand.
The market is characterized by the presence of several well-established players, such as Primo Water Corporation; Whirlpool
Corporation; Waterlogic Holdings Limited; Voltas Limited; Culligan International Company; and Honeywell International Inc.
These players account for a considerable market share and have a strong presence across the globe. The market also comprises
small-to-midsized players, which offer a selected range of water dispensers and mostly serve regional customers.
Water Dispenser Market Report Highlights
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