Water Dispenser Market Size To Reach $5.35 Billion By 2030

Water Dispenser Market Growth & Trends

The global water dispenser market is expected to reach USD 5.35 billion by 2030, expanding at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is largely driven by the demand for water dispensers with characteristics such as portability, easy usage and installation process, and minimal maintenance costs.

The scarcity of drinking water in several regions requires robust sources to meet the rising demand for safe drinking water which leads to increased product sales, thereby driving the market growth. Rising awareness regarding the availability of energy-efficient products also drives the industry's growth.

For instance, in June 2021 Global natural water brand Evian launched Evian (re)new. Designed by Virgil Abloh, fashion designer and creative advisor for Sustainable Innovation Design at Evian, the product features five-liter bubbles that consumers place onto a base. The design is made from 100 percent recycled plastic. Notably, the bubble's "skin" is created with 60 percent less plastic than if it was held in equivalent plastic bottles.

The bottled water dispenser segment is observed to occupy the largest market share in the market during the forecast period. One of the significant driving factors for bottled water dispensers is that they do not require piping assembly. In addition, these dispensers can be installed anywhere as per the customer’s preference. Moreover, the installation cost is drastically reduced as compared to bottle-less dispensers, where the customer needs to set up a piping layout and make other necessary operational arrangements. The rising demand for bottled water is the key factor driving the segment growth. Moreover, lower initial costs along with easy installation and low maintenance requirements are likely to augment the product demand.

The market is characterized by the presence of several well-established players, such as Primo Water Corporation; Whirlpool Corporation; Waterlogic Holdings Limited; Voltas Limited; Culligan International Company; and Honeywell International Inc. These players account for a considerable market share and have a strong presence across the globe. The market also comprises small-to-midsized players, which offer a selected range of water dispensers and mostly serve regional customers. 

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Water Dispenser Market Report Highlights

• The bottled water dispenser market accounted for more than 70.4% of the share in 2023 and is expected to remain dominant throughout the forecast years. The primary factor driving the segment is the rising demand for bottled water.

• In 2023, the commercial application segment dominated the global market, accounting for the lion's share. The rise in demand for continuously clean water supply in commercial spaces is driving the segment.

• The hospitality sector under the commercial application segment is anticipated to grow at a CAGR of 8.7% from 2024 to 2030.

• The retail store segment held the largest share of 43.17% in 2023. Easy availability of dispensers, assistance with product specifications, and excellent customer services are some of the factors popularizing the sales of water dispensers through the retail channel.

• Due to rising demand for water purification sources and appliances in countries such as China and India, Asia Pacific is expected to grow at a CAGR of 10.9% from 2024 to 2030. Consumer appliances in India is expected to grow at a healthy CAGR during the forecast period.

Water Dispenser Market Segmentation

Grand View Research has segmented the global water dispenser market report on the basis of product, application, distribution channel, end-use and region:

Water Dispenser Product Outlook (Revenue, USD Million, 2018 - 2030)

• Bottled

  • Top Load

  • Bottom Load

• Bottle-less

Water Dispenser Application Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Industrial

Water Dispenser End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

  • Hospitality

  • Transport Terminal

  • Institutions

  • Corporate Offices

  • Others

• Industrial

  • Food and Beverages

  • Healthcare

  • Others

Water Dispenser Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Retail Stores

• Non-branded Stores

Water Dispenser Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • UAE

  • Saudi Arabia

List of Key Players of Water Dispenser Market

• Whirlpool Corporation

• Brio Water Technology, Inc.

• Primo Water Corporation

• Honeywell International Inc.

• Culligan International Company

• Clover Co. Ltd.

• Waterlogic Holdings Limited

• Midea Group Co. Ltd.

• A.O. Smith Corporation

• Edgar’s Water