The global drinking fountains (water dispensers) market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022- 2028). A drinking fountain is designed to provide drinking water and it has a basin with a tap and a continuous flow of water. It consists of push pads, bubblers, solenoids, cartridges, valves, filters, hoses, spouts, and handles. A water dispenser which is also known as a water cooler is a device that cools and dispenses water. It is commonly located near the restroom due to closer access to plumbing. A drain line is also provided from the water cooler into the sewer system. Both of these are used for the same purpose.
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The increasing awareness about the importance of clean water and the rise in dependency on water dispensers and drinking fountains in outdoor places owing to the shortage of water supply in various places are some factors that are driving the growth of the global drinking fountains (water dispensers) market. Additionally, water dispensers are used in several commercial places as they provide clean water. The low cost of waster dispensers, ease of use, and features such as options of cold, hot, and lukewarm water are further accelerating the growth of the market. However, often replacement of these components and rising concerns over drinking water quality are some factors restraining the growth of the global drinking fountains (water dispensers) market.
Some major players in the market include Aqua Clara, Inc., Clover Network LLC, and Haier Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in April 2022, Cawarden Co. Ltd. partnered with AquAid Franchising Ltd to support bring life-saving water to villagers in Africa. Cawarden’s employees are supporting people in Africa as with each purchase an automatic donation is made to The Africa Trust. These funds are used to build Elephant Pumps which is a modified version of an age-old Chinese rope pulley system to collect clean, safe water from below ground.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Technology
- By Operations
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aqua Clara, Inc., Clover Network LLC, and Haier Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Drinking Fountains (Water Dispensers) Market Report by Segment
By Product Type
- Bottled Water Dispenser or Cooler
- Point of Use
By Technology
- Filter-Free
- Filtered
- Others
By Operations
- Free-Standing
- Countertop
- Under the Sink
- Wall Mounted
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