Increasing awareness among people about drinking clean and pure water is supplementing the demand for water dispensers across the globe. Persistence Market Research (PMR)’s latest report on the reveals that factors such as increasing disposable income and rising concerns over water contamination is supporting the growth of the global market for water dispensers.
Global Market for Water Dispensers: Drivers & Restraints
Growing consumer consciousness regarding clean water is driving the demand for various water safety and preservation systems including water dispensers. Moreover, greater spending power of consumer in emerging countries such as Chia, Brazil and India is also influencing the growth of the market. At the same time, relentless technological advancements in water treatment and preservation procedures is likely to prove beneficial for the market in the forthcoming years. There is rising scarcity of drinking water globally, the disproportionate ratio of demand and supply continues to compel people to adopt leading-edge water storage systems. Water dispensers are also gaining popularity in commercial setups. This, in turn, is expected to make a positive impact on the global market for water dispensers. In addition, factors such as availability of water dispensers in portable sizes, wider varieties, easy-to-use and prices that cover a wide pool of customers are likely to support the growing demand for water dispensers. On the flipside, frequent repairing and replacement of components coupled with additional expenses remain a major drawback of water dispensers.
Global Market for Water Dispensers: Key Segment Analysis
The global market for water dispensers can be segmented on the basis of dispenser type, applications, water source and purification types and distribution type.
On the basis of water source and purification type, the market can be segmented into plumbed in water dispenser and bottled water dispenser. On the basis of dispenser type, the market can be segmented into bottom load water dispenser, wall mounted, freestanding, table topwater dispenser and direct piping water dispenser. By distribution type, the market can segmented into OEM, direct sales, service companies, wholesaler/distributor and online shops/sales. By application, the market can be segmented into commercial and residential.
On the basis of geography, the global market for water dispensers can be segmented into Asia-Pacific excluding Japan (APEJ), Eastern Europe, North and Latin America, Western Europe, the Middle East & Africa (MEA) and Japan. Among these regions, APEJ, West Europe and North America are expected to remain highly lucrative during the forecast period. In addition, the market in the APEJ region is expected to exhibit the a relatively higher growth in the medium term on account of the robust economic growth and increasing demand for drinking water in various developing countries in the region. In Eastern Europe, Russia is likely to remain dominant as there is a significant demand for water dispensers in the country.
Competitive Landscape: Some of leading companies operating in the global market for water dispensers include Culligan, POVOS, QINYUAN, Lamo, Angel, Midea, Water logic, Culligan, Blue Star, Primo, Cosmetal, Ragalta, Aqualad, Avanti, Honeywell, Voltas, and Edgar.
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