Water Dispenser Industry Overview The global water dispenser market size was valued at USD 2.48 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. Product demand is being driven by factors such as portability, ease of use and installation, and low maintenance costs. Drinking water scarcity in several regions necessitates robust sources to meet the rising demand for safe drinking water, resulting in increased product sales and, as a result, market growth. The COVID-19 pandemic has brought about a seismic shift in consumers' attitudes toward wellness and health safety. The infrared sensor dispensing is gaining high traction as direct human contact is reduced. For instance, the Quench Q8 water dispenser operates on touchless sensor-activated dispensing to deliver instant hot and cold water. Gather more insights about the market drivers, restrains and growth of the Global Water Dispenser Market The versions which are economical and functional are expected to be highly preferred in the market in recent years. Ecommerce platform vendors are actively developing new techniques to increase their sales in the global water technology market. As consumers become more aware of water-borne diseases, players are prioritizing multi-stage filtration, with RO and UV as major techniques, which can be profitable because they are more effective than other methods of water filtration. Leading manufacturers' promotional campaigns also help to drive the market. Low maintenance requirements, as well as after-sales services provided by manufacturers, help to drive product demand. Furthermore, the availability of a variety of products, such as top load and wall-mounted, with direct plumbing features and simple cleaning processes will drive up demand even further. On the other hand, frequent product replacement or component replacement, as well as additional expenses during peak summertime, may have a negative impact on market growth. However, rising water pollution levels and increased purchasing power of consumers will support product demand. Key players are taking the necessary steps to improve the accuracy and overall functionality of the devices. For instance, in 2021, Quench's new product line of touchless hydration solutions, dubbed the Quench Q-series, offers sensor-activated, touchless dispensing for health-conscious businesses and is the first of its kind to be available in the United States and Canada. QuenchWATER+ is produced by all Quench Q-Series options, and it employs a proprietary 5-filter setup to add electrolytes and improve the taste by removing sediments and contaminants. The result is electrolyte water that is crisp, clean, and delicious. Browse through Grand View Research's Electronic & Electrical Industry Research Reports.
Water Dispenser Market Segmentation Grand View Research has segmented the water dispenser market based on product, application, end-use, and region Water Dispenser Product Outlook (Revenue, USD Million, 2017 - 2030)
Water Dispenser Application Outlook (Revenue, USD Million, 2017 - 2030)
Water Dispenser End-Use Outlook (Revenue, USD Million, 2017 - 2030)
Water Dispenser Market Regional Outlook (Revenue, USD Million, 2017 - 2030)
Market Share Insights
Key Companies profiled: Some of the key players operating in the global water dispenser market include:
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