Global Hot and Cold Water Dispensers Market- Overview
Global hot and cold water dispensers market was valued at USD 2,500 million in 2022 and is estimated to reach a value of USD 7,100 million by 2032 with a CAGR of 8% during the forecast period 2023-2033. A hot and cold water dispenser is a device that can heat and cool water and dispense it as needed. Some versions come with ice makers, while some models have an additional option to deliver water at room temperature.
Report Scope
| Report Attributes | Description |
| Market Size in 2022 | USD 2,500 Million |
| Market Forecast in 2033 | USD 7,100 Million |
| CAGR % 2023-2033 | 8.0% |
| Base Year | 2022 |
| Historic Data | 2019-2021 |
| Forecast Period | 2023-2033 |
| Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
| Segments Covered | Type and application |
| Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
| Key Companies | Angel Springs, CELLI, Culligan, Haier, Honeywell International, and others. |
The growing demand for water dispensers will be a major market factor for the hot and cold-water dispenser’s industry. The numerous benefits associated with the use of water dispensers will further help the industry grow. To continue on the path to growth and recovery from the pandemic’s effects, low product replacement cycle must be overcome. One of the major elements driving the market’s expansion is the simple availability of hot and cold water, which promotes higher use.
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Global Hot and Cold Water Dispensers Market- Key trends
Adoption of energy-efficient hot and cold water dispensers is an emerging trend in the home, kitchen, and large appliances space which will help the market to grow further
A new trend in the household, kitchen, and major appliance sectors is the adoption of energy-efficient hot and cold water dispensers. The need for energy-efficient electronic appliances is rising as more manufacturers release products that are energy-efficient. Additionally, many energy departments establish various appliance standards, which the rivals follow, enabling them to create newer, more energy-efficient electronic gadgets. These actions not only save energy but also help to fuel the market for energy-efficient appliances.
Product demand is being driven by factors such as portability, ease of use and installation, and low maintenance costs help the market to increase in forecasted period
The demand for a product is influenced by elements like portability, simplicity of use and installation, and low maintenance costs. Strong sources are required to supply the expanding demand for safe drinking water in numerous areas where there is a drinking water shortage, which leads to higher product sales and, consequently, market expansion. The COVID-19 epidemic has caused a sea change in how people feel about health and safety.
Global Hot and Cold Water Dispensers Market- Segmental assessment
Hot and cold water dispensers are gaining popularity in residential settings due to their convenience and energy efficiency. The demand in residential settings is primarily driven by the growing awareness about the benefits of drinking clean and purified water, as well as the convenience of having hot and cold water readily available at home.
In addition, the increasing demand for compact and space-saving appliances in small apartments and homes is also driving the growth of hot and cold water dispensers in residential settings. Countertop water dispensers are particularly popular among homeowners who are looking for a space-saving solution for their kitchen or dining area.
Moreover, the COVID-19 pandemic has also contributed to the growth of the hot and cold water dispenser market, as more people are working from home and are looking for convenient ways to stay hydrated throughout the day.
Overall, the residential market is expected to witness steady growth in the coming years, driven by the growing demand for convenient and energy-efficient water dispensing solutions in homes, apartments, and other residential settings.
Global Hot and Cold Water Dispensers Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2023-2033. The demand in Japan has been increasing steadily in recent years. Japan is a country that is highly sensitive to hygiene, and the popularity of hot and cold water dispensers can be attributed to their ability to provide clean and purified water at the touch of a button.
Additionally, the compact and space-saving design of many hot and cold water dispensers is well-suited to the small living spaces that are common in Japan. Countertop water dispensers are particularly popular among Japanese consumers who are looking for a space-saving solution for their kitchen or dining area.
Furthermore, Japan is a country with a high level of environmental consciousness, and the energy efficiency of hot and cold water dispensers is also a factor driving their popularity. Many dispensers available in Japan are designed to minimize energy consumption while providing a constant supply of hot and cold water.
Overall, the demand in Japan is expected to continue to grow in the coming years, driven by the growing awareness about the benefits of drinking clean and purified water, as well as the convenience and energy efficiency offered by these appliances.
Global Hot and Cold Water Dispensers Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Angel Springs, CELLI, Culligan, Haier, Honeywell International, and others.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
By Type
- Benchtop hot and cold water dispensers
- Free standing hot and cold water dispensers
- Others
By application
- Household
- Commercial
- Others
Regions
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- Korea
- Rest of Asia pacific
South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Middle East & Africa
- UAE
- Saudi Arabia
- Egypt
- Oman
- Kuwait
- South Africa
- Rest of MEA
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Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
