Water Dispenser Market

1. Water Dispenser Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global water dispenser market was valued at USD 1.93 billion in 2019. The market is projected to expand at a CAGR of 7.5% during the forecast period, 2021 – 2028. The growth of the market is attributed to its easy usage & installation process, minimum maintenance costs, and portability. A water dispenser is used to dispense hot or cold water. Typically, a water dispenser is fitted to a heating and refrigeration unit. At some places, it is also known as a water cooler. Point of use water dispensers are an updated version of water dispensers, where water supply is attached to the dispensing chamber for automatic filling purposes. Request Sample link :- https://growthmarketreports.com/request-sample/397 Market Trends, Drivers, Restraints, and Opportunities  Growing awareness about the availability of energy-efficient goods drives the market growth. Advertising campaigns held by key manufacturers boost the water dispenser market. Availability of various products such as wall-mounted, top-loaded, and tabletop with easy cleaning process will fuel the market demand. Low maintenance coupled with after-sales service provided by companies fuel the market growth. Rising purchasing power of customers and rising awareness about health concerns due to water pollution is anticipated to propel the market. Regular replacement of internal components, especially during summers, is expensive. This is expected to hamper the market growth. Consumer preferences are inclining toward innovative features such as glass protection, shine enhancers, rinse aid, and soundproof. Such innovations are expected to spur the market growth.      

2. Market Segment Insights: The bottled product segment held more than 65% of the total market revenue share Based on products, the global water dispensermarket is bifurcated into bottled and bottle-less. The bottled segment is anticipated to expand at a rapid pace during the forecast period. Easy installations, low cost, and minimum maintenance are the major factors responsible for the segment growth. Increasing demand for bottled water is boosting the segment. The bottle less segment is projected to expand at a substantial CAGR of 8.6% during the forecast period. These products do not require constant unloading and loading of water on the machine, which drives the segment. These machines are connected to the water pipelines, thus eliminating the use of water bottles. Bottles less products are majorly used in restaurants and hotels. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/397 Competitive Landscape Key players in the global water dispenser market include Clover Co. Ltd., Whirlpool Corp., Oasis International, Inc., Primo Water Corp., Glacial Home, Emerson Electric Co., and Honeywell International, Inc. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter