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Nov 14, 2019 3:00 AM ET

Water Dispensers Market 2019 Global Industry Growth & Trend Analysis During 2016-26 With Top Players

iCrowd Newswire - Nov 14, 2019

The water dispenser is designed in order to supply cooled water in residential as well as commercial spaces. These are compact units that can be wall-mounted for easy installation.

Technological advancements in terms of efficient desalination techniques, advanced sensors and growing population demands for packaged drinking water are some of the major factors driving the global water dispensers market. The global water dispensers market was valued at USD 2.31 billion in 2018 and is expected to reach USD 3.91 billion in 2026, growing at a CAGR of 6.7% during the forecast period.

Key Players

Alpine Coolers (US), Angel Springs Ltd. (UK), AO Smith Corporation (US), Aqua Clara, Inc. (Japan) , Blue Star India Ltd. (India), CELLI S.p.A. (Italy), Clover (US), Crystal Quest (US), Culligan International Company (US), and Ebac Water Coolers (Germany) are the major players operating in the global water dispensers market.

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The global water dispensers industry is driven by factors, such as demand for portable water dispensing solutions, easy to install and use, and low maintenance costs among others.Moreover, water dispenser providers are focusing on finding robust solutions for global problems which include scarcity of drinking water and contaminated natural water source bodies by developing suitable dispensing solutions.

Additionally, increasing population demands for pure water is resulting in increased product sales, thus enhancing the market growth. Government initiatives to support clean water consumption which is coupled with increasing awareness of energy-efficient water dispensers is further propelling the market growth in developing economies. Technologies such as smart water dispenser which saves up to 95% of electricity consumption are aiding the market growth globally. Availability of online sales channels is further increasing the consumer reach, thereby providing multiple growth opportunities.

Water Dispenser Market

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Water Dispensers Market is segmented by Type, Application and Region.

Based on type, the global water dispensers market has been segmented into wall mounted, bottom load, table top, and others. the wall mounted segment is expected to grow at the highest CAGR of around 10% during the forecast period whereas table top water dispenser is anticipated to hold its major market share in 2026

Based on the application, the market has been segmented into residential and commercial the commercial segment is expected to hold the highest market share of 58% in terms of value

Based on region, North America region is expected to account for the largest market share globally by contributing more than 29% share in 2018, however growing population demand from Asia Pacific region is anticipated to result into fastest growth rate for the regional water dispenser market.

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