The APAC Water Dispenser Market was valued at USD 101.19 million in 2023, and it is projected to grow at a CAGR of 11% over the forecast period.
Market Overview:
A water dispenser, also referred to as a water cooler, is a device that both cools and dispenses water. It can be connected to the mains to provide a continuous stream of cold, hot, or boiling water. Water dispensers are generally categorized into two types: bottle-less water coolers and bottled water coolers.
Typically, these devices offer refrigeration capabilities to chill the water. Some models also provide hot or room temperature water, suitable for making tea, coffee, or other uses. Many water dispensers feature a separate hot water tap, which dispenses water stored in a heated tank.
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Market Dynamics:
The water dispenser market is expanding due to three key factors. First, there is increasing awareness about the importance of clean water. Second, economic development in non-industrial regions, particularly in Asia-Pacific and Japan, is driving demand. Third, advancements in technology are making water treatment more efficient while also reducing costs.
The growing global market for drinking water is contributing significantly to the demand for water dispensers. In particular, the high usage of these devices in commercial spaces is boosting their application across various sectors. Key features that drive market growth include their compact size, the availability of different types at various price points, ease of use, and the emphasis on hygiene and cleanliness.
Segment Analysis:
- By Product: In 2023, the bottled water segment held more than 70% of the market share and is expected to maintain its dominance in the forecast period. The increasing demand for filtered water, along with lower initial costs and ease of installation and maintenance, is driving this segment. However, the bottle-less category is anticipated to grow at the fastest rate, with a CAGR of 9.9% from 2024 to 2030. These products are directly connected to water pipelines, eliminating the need for handling water bottles. They are commonly used in settings such as hotels and restaurants.
- By Application: The commercial application segment led the market in 2023, driven by the growing need for a reliable supply of clean water in business settings. Additionally, the absence of direct water sources in some commercial buildings is further boosting demand. The industrial segment is expected to grow the fastest between 2024 and 2030, as the use of water filtration systems in manufacturing sectors, especially in developing countries like China and India, continues to rise due to limited access to fresh water.
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Regional Insights:
India held the largest market share, accounting for 30% in 2023. The rising demand for water purification systems and appliances in countries such as China and India is expected to drive Asia-Pacific’s growth at a CAGR of 11.0% from 2024 to 2030. The consumer appliance market in India is projected to grow significantly during this period. Increasing purchasing power in the region’s developing countries is set to further fuel demand. Additionally, numerous global companies are entering the local market with technologically advanced products, which is expected to contribute to market growth in the coming years.
APAC Water Dispenser Market Key Players:
Blue Star Limited (India)
Voltas Inc., (India)
Atlantis Products Pvt. Ltd. (India)
Avalon Water Coolers (U.S.)
Mistral Solutions Pvt. Ltd., (India)
Midea Group (China)
Ningbo Jewin Electrical Appliances (China)
Aqua Clara International (U.S.)
Alpine Coolers (U.S.)
Ningbo Lamo Drinking Water Equipment Co. Ltd., (China)
Bibo (China)
Glug Glug Glug (U.K)
Arctic Coolers (Switzerland)
AquAid Franchising Limited (U.K)
BRITA (Germany)
Vista France (France)
Sure International (UAE)
Mt. Fuji Springs Inc., (Japan)
Aimex Australia (Australia)
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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