Water Dispenser is mainly categorized into two categories bottle-less water dispenser and bottled water dispenser. The water dispenser offers a refrigeration function to cool the water and offers hot water or room temperature water for tea, coffee, or other purposes. Increasing demand for clean drinking water appliances and rapid growth in the urbanization of developing economies, and the improved purchasing power of consumers in developing countries, such as India, China, Mexico, Malaysia, Indonesia, and South Korea, are anticipated to boost the demand further.
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Market Dynamics
Clean water supply is one of the most vital needs and concerns faced by different commercial and corporate places. Subsequently, the water dispensers market has gained immense pace in the past few years. Also, the clean water supply in commercial spaces is continuous in trend and demand due to strict regulations to secure employee or workers' health on the worksites. There is also a limited supply of water into the commercial places, which ensures the strong demand for bottled water dispensers business directed majorly towards commercial spaces. The water dispensers can be incorporated across various commercial applications such as corporate offices, educational institutes, entertainment areas, shopping malls, public transport spaces, and institutions.
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Segment Analysis
The water dispenser market has been classified into bottled water dispensers and piped-in water dispensers based on the product.Bottled water dispensers lead the market throughout the forecast period.The bottled water dispensers type segment led the overall market with a share in 2019. These bottled water dispensers are most commonly used in residential and commercial applications. Also, it is quite easy to install, operate, and post-purchase maintenance. These are also widely available in ent configurations such as bottom loading and top-loading, which further sums the product's convenience and enhances its demand. Portability is the key feature that can be installed anywhere, irrespective of water tap and water piping.
Competitive Landscape
The water dispenser market is highly competitive, owing to the large presence of water dispenser brands. The key water dispenser players include Whirlpool Corp., Clover Co. Ltd, Oasis International, Inc., Glacial Home, Primo Water Corp., Honeywell International, Inc., Emerson Electric Co., Blue Star Limited, Atlantis, MIW Water Coolers, Brentorma Electricals (Shenzhen) Co., Ltd, Shenzhen Angel, Drinking Water Equipment Co., Ltd, Ningbo Lamo Drinking Water Equipment Co., Ltd, Qinyuan Group Co., Ltd, and LAMO Electrical Appliance Group Co., Ltd, among others. The crucial players are adopting new product launches and expansion strategies for global growth in the water dispenser market.
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