High demand for packaged drinking water and the high per capita income of consumers are driving the demand of Saudi Arabia water dispenser market in the forecast period, 2023-2027.
According to TechSci Research report, “Saudi Arabia Water Dispenser Market By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia water dispenser market is expected to grow at a steady rate in the forecast period, 2023-2027. The water dispenser is also known as a water cooler which dispenses water. It provides a live stream of chilled and hot boiling water and is a cost-effective water purification process. People prefer to drink water from a water dispenser instead of a tap or sink as it provides the option to have immediately cooled or heated water. The water dispenser provides easy access to drinking water, and due to the hot and arid climate prevalent in Saudi Arabia, water dispensers are actively installed across the commercial and residential sectors. They are considered an environment-friendly option as the regular buying of personal bottled water leaves a lot of plastic waste. The high demand for water dispensers from offices is expected to surge the market demand. It provides the employees and clients with easy access to water by eliminating the need to take extended breaks or drive to the store and increasing employee productivity and work time.
Growing demand for clean drinking water and the exhausting natural water resources are driving the demand for measures that can procure clean drinking water. The surge in awareness about the availability of energy-efficient products is boosting industry growth. Market players are using promotional campaigns to raise awareness about the benefits of clean drinking water. It requires low maintenance, and the market players provide excellent aftermarket services to lure customers. Market players also offer a wide product portfolio such as wall-mounted and top load, which can be easily cleaned and have direct plumbing features.
However, the growing popularity of water purifiers may restrain the Saudi Arabia water dispenser market growth in the forecast period.
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The Saudi Arabia water dispenser market is segmented into type, end user, distribution channel, regional distribution, and company.
Based on type, the market is divided into top mounted, upright, and bottled. The bottled dispenser segment is expected to account for a significant market share in the forecast period. The rise in consumer awareness about the consumption of clean and healthy drinking water and the growing demand for bottled water is driving the market demand.
Based on the end user, the market is divided into residential, commercial & industrial. The commercial sector is projected to capture the highest market share in the forecast period owing to the high demand for a water dispenser in the catering industry. People prefer to opt for clean drinking water in commercial spaces owing to the chances of getting infected by the microorganisms present in the contaminated water. Also, the absence of direct water sources in various commercial spaces fuels the need to install water dispensers in commercial places.
Based on the distribution channel, the market is bifurcated into direct and retail. The direct segment is expected to hold the dominant market share over the forecast period as the customers can get a wide range of products under a single roof which increases the convenience and comfort of the consumers while shopping.
Major market players operating in Saudi Arabia water dispenser market are:
- LG Electronics
- GeePaas
- TONGYANG Magic
- NIKAI
- Clikon
- Haier Home Appliances
- TCL Home Appliances (Hong Kong) Co., Ltd.
- Eurostar
- Sharp Middle East FZE
- Hamad A. Alessa & Sons Co. (HAASCO)
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“Market players are advised to invest in the adoption of an online sales platform to expand the consumer base to reach remote locations and increase product sales. The growing internet penetration and proliferation of smart devices have boosted the popularity of the e-commerce industry among consumers. Consumers prefer to easily scroll through the online platforms and select the best available options by comparing the product specifications, price, and range of water dispensers belonging to different brands. The increasing shift of the market players on the online sales platform and availability of lucrative discounts on the purchase of products through e-commerce websites are expected to propel the Saudi Arabia water dispenser market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Water Dispenser Market By Type (Top Mounted, Upright, Bottled), By End User (Residential, Commercial & Industrial), By Distribution Channel (Direct Vs. Retail), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of Saudi Arabia water dispenser market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia water dispenser market.
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