Global Water Dispenser Market Poised for Lucrative Growth, Surpassing 5 Million Units Sales by 2028, POU Systems to Emerge as Game Changer - Arizton

The global water dispenser market to reach USD 1.4 billion by 2028, growing at a CAGR of 8.42% from 2022-2028. 

Water Dispenser Market Overview
The water dispenser market has experienced rapid growth, particularly in developing economies, especially within the commercial segment. However, in 2020, the market faced a decline attributed to the impact of the COVID-19 pandemic. Nevertheless, during the first half of 2021, the market showed signs of recovery, driven by increased demand for new installations and replacements. This period also provided an opportunity for vendors to assess the effectiveness of their research and development departments in offering innovative and reliable safety solutions. Notably, in 2022, North America, APAC, and Europe emerged as key markets for water dispensers, collectively accounting for more than 83% of the overall market share.

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Market Insights

POU (Point-of-Use) water treatment systems are widely utilized for purifying personalized water supplies, and they offer a cost-effective alternative to bottled water.

Commercial end-users consider POU dispensers a convenient and environmental-friendly option to promote their corporate image.

The health and safety of employees are at the forefront of every business facility, which positively impacts the water dispenser market.

Direct human contact is reduced with the implementation of infrared sensor dispensing. For instance, the Quench Q8 water dispenser operates on touchless sensor-activated dispensing to deliver instant hot and cold water.

The scope for installing instant hot water tap dispensers is high, as co-working spaces constitute employees with dynamic preferences and demands.

In 2022, the commercial segment accounted for a 77.83% global water dispenser market share.

Vendors focus on meeting sustainability demands. The market for water dispensers is competitive globally and demands the validation of the performance and quality of products from manufacturers to ensure safety and standards.

Naturally available tap water that undergoes municipal water treatment poses a significant threat to the adoption of counterparts, such as POU water systems and bottled water.

In 2022, the bottled segment accounted for 66.20% of the total unit shipments and was expected to generate incremental revenue of $342.01 million in the upcoming years.

Coworking Spaces Spark Surge in Demand for Water Dispensers

In just over a decade, coworking has evolved from a simple shared workspace concept to a transformative trend revolutionizing businesses' operations. As flexible offices and coworking spaces become the new norm for various companies, the impact on workspace requirements is undeniable. Recent trends such as the rise of private offices, longer contract durations, increased capacities, and customized desk demands have reshaped the coworking landscape and are predicted to profoundly affect an unexpected water dispenser market.

With China, the United States, and India emerging as potential goldmines for the coworking industry, these countries boast a high concentration of flexible spaces ripe for exploration. Additionally, Germany and Canada have been identified as rapidly growing coworking markets, presenting lucrative opportunities for industry players. As these global trends continue to reshape people's work, the effects are expected to reverberate through the water dispenser market, propelling it into a new era.

The exponential growth of coworking spaces has led to an upsurge in demand for water dispensers, transforming them from mere office amenities to essential components of these shared work environments. Coworking spaces recognize the importance of providing a comfortable and productive setting for their members, with convenient access to clean drinking water being a top priority. Consequently, the water dispenser market has witnessed a surge in demand as more coworking spaces seek reliable solutions to meet their members' hydration needs.

In response to the evolving requirements of coworking spaces, water dispenser manufacturers have stepped up their game by offering tailored solutions. Compact and sleek designs have become the norm, catering to the space-constrained environments commonly found in coworking offices. Moreover, manufacturers are adapting their pricing models and exploring rental options to accommodate these workspaces' shared and flexible nature.

As coworking continues redefining the office landscape, water dispenser manufacturers are embracing the challenge of catering to this evolving market. The infusion of smart technology into water dispensers has become a key focus, aligning with modern workspaces' connected and tech-savvy nature. From touchless operation to automatic bottle refills, data tracking, and analytics capabilities, smart water dispensers are revolutionizing the coworking experience.

Competitive Overview
The global water dispenser market is highly competitive, with vendors vying for market share. POU (Point-of-Use) systems rely heavily on advanced filtration technologies to meet consumer demands for constant product innovation and upgrades. Vendors must adapt and refine their unique value propositions in this dynamic landscape to establish a strong market presence. Furthermore, the favorable business environment and increasing residential adoption in developing economies are expected to foster the emergence of domestic vendors, thereby intensifying competitive pressures.

The presence of diverse global and regional players characterizes the water dispenser market. While global industry giants are poised to expand their market footprint, regional vendors will likely face growing challenges in competing with these global players.

Industry leaders such as Culligan, Primo, Waterlogic, Celli Group, and Canaletas are among the major players dominating the global water dispenser market. These brands have established their reputation using patented technologies and marketing strategies that highlight the eco-friendly features of their water dispensers. Notably, pioneers like Quench and Avalon have succeeded by introducing touchless and sensor technology, serving as key points of differentiation. Avalon also leverages advanced carbon and sediment filtration systems in their POU dispensers, further enhancing their brand appeal.

Key Vendors

Culligan

Primo Water Corporation

Canaletas

Celli Group

Avalon Water Coolers

Blue Star

Voltas

Atlantis

Clover

Midea Group

Ningbo Jewin Electrical Appliances

Aqua Clara

Alpine Coolers

Ningbo Lamo Drinking Water Equipment

Bibo

Glug Glug Glug

Arctic Coolers

AquAid

BRITA

Alfred Karcher

Mistral

Vista France

Sure International

Mt. Fuji Springs

Aimex Australia

Royal Sovereign

Sprudel

CWAY Group

Aquazania

SEONE

GHP Group

Elkay Manufacturing Company

Market Segmentation
Bottled Type
Top-Loading
Bottom-Loading

Point-of-Use Type

Operations
Free Standing
Countertop
Under-the-Sink
Wall-Mounted

Filter-Free Technology

Filtered Technology
Filters & Cartridges
RO

Commercial End-User
Corporate Spaces
QSR, Hotels & Restaurants
Retail Stores
Educational Institutions
Healthcare
Public & Municipality
Recreational Centers
Others

Residential End-User

Distribution
Online
Offline

Geography
North America
US
Canada
Europe
Germany
UK
Italy
France
Spain
APAC
China
Japan
South Korea
India
Australia
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
Saudi Arabia
UAE

Check the detailed table of contents of the report @ https://www.arizton.com/market-reports/water-dispenser-market-size-analysis?details=tableOfContents

Key Questioned Answered in the Report:
How big is the water dispenser market?
What is the growth rate of the water dispenser market?
What is the sales forecast for water dispensers by 2028?
What are the key driving factors in the water dispenser market?
Who are the key players in the global water dispenser market?
Which region dominates the global water dispenser market?

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This release was published on openPR.