The global water dispenser
market is growing at a significant growth rate of 4.79% to reach USD9,540.68
million in the forecast years due to the increasing consumer awareness
regarding diseases associated with drinking contaminated water. Moreover, the
rising demand for bottled water dispensers among consumers is further
accelerating market growth.
A water dispenser is a device
that supplies an unlimited amount of filtered, clean drinking water by
connecting directly to an existing water source. Water dispensers typically
provide hot, cold, and regular water.
The increase in the number of
commercial buildings globally is positively impacting the demand for water
dispensers as they are mostly used in commercial spaces. For instance,
according to the census bureau report of 2022, the number of commercial
buildings in the United States was around 6 million, which is an increase of
almost 4% from 2012. Moreover, there is rising awareness among consumers
regarding health issues associated with drinking contaminated water.
Water dispensers have become
increasingly popular in recent years due to the high demand for clean water in
commercial and business areas. This is due to strict requirements to ensure the
health of employers or employees on the job site, as well as the limited supply
of water available in commercial locations. This has led to a surge in the
demand for bottled water dispensers, specifically in commercial areas.
Additionally, the use of water dispensers in commercial settings is not limited
to corporate offices and educational institutions but can also be applied in
entertainment areas, retail malls, public transportation locations, and
institutions.
The transmission of waterborne
diseases is caused by a variety of microorganisms, including various viruses
and bacteria, through contaminated water sources. Poor water quality is a
result of industrial, animal, and human waste contamination, among other
sources. The prevalence of these diseases is widespread and fatal worldwide.
Hence, contaminated water and inadequate hygiene have been major contributors
to their spread. Therefore, consumers have also come to understand the
significance of spending more on drinking water treatment systems, where the
government's efforts to raise public awareness of numerous waterborne diseases
have fueled the demand for drinking water dispensers in different countries and
positively impacted market growth.
Global Water Dispenser Market
Trends
As people become more health
conscious, they are increasingly turning to zero-calorie beverages. These
drinks are seen as healthier alternatives to sugary drinks, providing a fizzy
experience without calories or artificial sweeteners. Carbonated water
dispensers can be installed in residential and commercial areas, allowing for
immediate carbonation of tap water, thus eliminating the need to purchase
carbonated water at a store. This is cost-effective in the long run.
Furthermore, companies are also focusing on introducing new products to expand
their consumer base.
With increasing concerns about
plastic waste and environmental impact, consumers and businesses are seeking
eco-friendly alternatives. Bottle less water dispensers eliminate the need for
single-use plastic bottles, contributing to reduced plastic waste. While
traditional bottled water coolers require regular delivery and maintenance of
water bottles, bottle less water dispensers are directly connected to a water
supply, significantly reducing operational costs over time. Bottle less water
dispensers provide a continuous supply of filtered water, eliminating the need
to store and handle heavy water bottles. This ensures a constant and reliable
water source. Many bottle less water dispensers come equipped with advanced
filtration systems, ensuring the water is purified and safe for consumption.
This appeals to health-conscious consumers and businesses concerned about the
quality of their drinking water. As infrastructure and access to clean drinking
water improve in developing regions, the demand for convenient and reliable
water dispensing solutions is expected to increase, further driving the
adoption of bottle less water dispensers. Offices, institutions, and public
places are increasingly opting for bottle less water dispensers due to their
efficiency, sustainability, and cost-effectiveness, making them a popular
choice in commercial settings.
Global Water Dispenser Market
Challenges
Water dispensers that provide
chilled water typically use a refrigeration system to cool the water. This
system requires electricity to operate and maintain the desired water
temperature. The cooling capacity and efficiency of the refrigeration system
directly impact the energy consumption of the dispenser. Some water dispensers offer
a hot water option for making beverages or instant meals. These dispensers have
a heating element that uses electricity to heat the water. Similar to cooling,
the heating efficiency and insulation of the dispenser's hot water tank affect
its energy consumption. Manufacturers and consumers alike have become more
conscious of the energy efficiency of appliances, including water dispensers.
Some water dispensers consume
energy even when not actively dispensing water. This "standby power"
usage can add up over time, so energy-efficient designs that minimize standby
power are essential. In many countries, energy labels and efficiency standards
have been introduced to help consumers make informed choices about
energy-consuming appliances. These labels indicate the energy efficiency of the
water dispenser and help buyers compare different models. The energy
consumption of a water dispenser can also be influenced by user behavior. For
example, leaving the cooling or heating functions on when not needed or keeping
the dispenser in constant use can lead to higher energy usage.