The global water dispenser products market was valued at USD 3.2 billion in 2022 and is expected to grow at a CAGR of 6.1% from 2023 to 2030. Increasing demand for safe drinking water coupled with the growing awareness of cleanliness and hygiene is driving the growth of the market. Furthermore, the rising preference for energy-efficient and cost-effective water dispensers is contributing to the growth of the market.

The growing demand for water dispensers from commercial applications such as offices, hospitals, and educational institutions is contributing to the growth of the market. Furthermore, the growing demand for water dispensers in the residential sector is boosting the growth of the market. The increasing demand for superior quality water dispensers is also driving the growth of the market. The growing awareness of drinking clean water and the availability of a wide variety of water dispensers are some of the other factors driving the growth of the market.

In recent years, there has been an increase in the number of players offering water dispenser products. For instance, in October 2021, Primo Water Corporation launched a new line of water dispensers that provide distilled water. The new product line includes three models of water dispensers ranging from countertop to freestanding. This product line is expected to meet the needs of various types of customers. Furthermore, the rising demand for energy-efficient water dispensers is driving the demand for water dispensers.

The increasing demand for bottled water is driving the market for water dispensers. Furthermore, the increasing demand for hot and cold water dispensers is also boosting the growth of the market. Moreover, the introduction of new technologies such as ultraviolet light and reverse osmosis filters in water dispensers is driving the growth of the market. For instance, in December 2021, GE launched new hot and cold water dispensers with ultraviolet light filters for commercial applications. Furthermore, the rising trend towards the adoption of smart water dispensers is also boosting the growth of the market.

Furthermore, the increasing trend of eco-friendly water dispensers is driving the growth of the market. The growing awareness of sustainability and the demand for environment-friendly products is driving the demand for eco-friendly water dispensers. For instance, in May 2021, Primo Water Corporation launched a new line of water dispensers with eco-friendly features such as LED night lights, auto shut-off, and energy-saving modes.

The rising demand for rental water dispensers is also driving the growth of the market. This is due to the increasing demand for cost-effective and energy-efficient water dispenser products. Moreover, the increasing trend of renting water dispensers instead of buying them is also contributing to the growth of the market. For instance, in November 2021, Primo Water Corporation launched a new line of water dispensers for rent in the US and Canada.

The bottled water dispensers segment accounted for the largest share of the market in 2019, owing to rising demand for bottled water due to its portability, convenience, and lesser wastage. Furthermore, the growing popularity of rented water dispensers due to its economic benefits is propelling the demand for bottled water dispensers. According to an article published by the International Bottled Water Association, in November 2019, bottled water sales in the United States rose by 7.8% in 2018, with the US becoming the largest bottled water market in the world.

The point-of-use water dispensers segment is anticipated to expand at the fastest CAGR of 8.3% over the forecast period. The increasing awareness of the health benefits associated with these dispensers such as enhanced taste, removal of chlorine and its by-products, and the provision of cold and hot water is driving the demand for such products globally. Furthermore, the emergence of compact water dispensers and the growing demand for these products in the hospitality sector are providing lucrative opportunities for the market.

The supermarkets & hypermarkets segment captured the major share of over 34.7% in 2022. Supermarkets and hypermarkets are the primary source for the purchase of water dispensers, as they offer a wide variety of products to customers. Moreover, they provide customers with a platform to make a comparison between the different brands and their features, thereby helping them to make informed decisions. Supermarkets & hypermarkets are also the most preferred destination for customers to purchase water dispensers.

The online segment is projected to expand at the highest CAGR of 11.0% over the forecast period. The increasing trend of online shopping for water dispensers is attributed to the convenience of online shopping and the availability of numerous discounts and deals on the products. In addition to this, customers can compare the prices of different brands and models from different online stores to get the best deal. Furthermore, the increasing use of smartphones has encouraged more customers to purchase water dispensers online.

The bottled water dispensers segment accounted for the largest market share of 43.2% in the year 2022. The growing consumer preference for bottled water dispensers is attributed to the convenience of installation, refill and maintenance of such products. The high popularity of bottled water dispensers is attributed to the availability of safer water from these products. The consumers can easily replace the empty bottles with full bottles, which ensures a continuous supply of safe water for drinking and other purposes.

The point of use (POU) water dispensers segment is expected to register the fastest growth, with a CAGR of 8.1% during the forecast period. This can be attributed to the growing demand for convenience and the increasing number of health-conscious consumers. The POU water dispensers provide instant access to chilled water and other beverages, which is driving the adoption of these products. Additionally, the growing demand for energy-efficient products is driving the manufacturers to introduce advanced features in POU water dispensers, such as voice-activated commands, which is further propelling the growth of the segment.

Asia Pacific is expected to witness the highest CAGR over the forecast period. Increasing demand for water dispensers in the region is primarily driven by the rising disposable income of consumers. In addition, rising awareness about health and hygiene among people is expected to further drive the market growth in the region. For instance, in April 2020, Waterlogic India launched a range of water purification systems from the UK-based Waterlogic.

The North American market is expected to register steady growth over the next few years. This growth can be ascribed to the increasing preference for convenience and the presence of a large number of players in the region. For instance, in March 2021, Primo Water Corporation launched a new range of water dispensers in the U.S. with advanced features such as automated cleaning.

In this part of the water dispenser products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your water dispenser products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a water dispenser products business comes from product sales and services, such as installation and maintenance. Here you will find a list with a description of each of them and other possible sources of profit such as bulk orders, online sales, and marketing campaigns.

Projecting Expenses
In this section, all the regular expenses related to keeping the water dispenser products business running will be described. The list of operating expenses includes employee wages, rent, utilities, advertising, inventory purchases, and others.

Some of the key companies operating in the water dispenser market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In May 2022, Whirlpool Corporation launched a range of water coolers with enhanced technologies such as energy-saving sensors and real-time filter monitoring.

– In July 2022, Primo Water Corporation launched a range of water dispensers designed to provide an enhanced user experience with features such as LCD screens, advanced filtration systems, and voice-enabled controls.

– In August 2022, Brita® launched a range of water dispensers with features such as auto-shutoff, digital temperature control, and advanced filtration systems.

Some of the prominent players in the water dispenser market include:

– Whirlpool Corporation
– Primo Water Corporation
– Brita®
– A. O. Smith Corporation
– Waterlogic
– H2O International SA
– Haier Group
– Honeywell International Inc.
– Panasonic Corporation
– Water Dispenser International.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global water dispenser products market based on type, application, distribution channel, and region:

1. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Hot & Cold Water Dispensers
– Room Temperature Water Dispensers

2. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Commercial
– Residential

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Factors Driving the Water Dispenser Products Market?
[A]: Factors such as the growing demand for convenience, the rising awareness of healthy drinking water, the increasing trend of using water dispensers in offices and homes, the growing preference for bottled water, the increasing number of health-conscious individuals, and the increasing number of people opting for water purification systems are expected to drive the water dispenser products market.

[Q]: Who are the Key Players in the Water Dispenser Products Market?
[A]: Key players in the water dispenser products market are Primo Water Corporation, Waterlogic, Culligan International Company, Coca-Cola Company, Clorox Company, and Brita Inc.

[Q]: What Products are Included in the Water Dispenser Products Market?
[A]: Products included in the water dispenser products market are bottom-loading, top-loading, countertop, freestanding, and point-of-use water dispensers.

[Q]: What is the Potential for Growth in the Water Dispenser Products Market?
[A]: The water dispenser products market is expected to witness significant growth over the forecast period due to the increasing demand for convenience, rising awareness of healthy drinking water, and increasing preference for bottled water.