The scope of our recent study titled "Household Water Dispensers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Function and Distribution Channel," includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.
The household water dispensers market size was valued at US$ 5,395.43 million in 2022 and is projected to reach US$ 7,401.12 million by 2028; it is expected to register a CAGR of 5.4% from 2022 to 2028.
The household water dispensers market is expanding globally, owing to the increasing demand for clean and safe water. Many global manufacturers offer a range of products in different sizes, designs and colors. The availability of a wide range of water dispensers in a range of options and prices that cover a broad range of consumers is a major factor propelling the market expansion of household water dispensers market.
Based on function, the household water dispensers market is bifurcated into water cooling/heating and regular. The regular segment held a larger share of the household water dispensers market in 2022, and the water cooling/heating segment is projected to register a higher CAGR during the forecast period. There is a surge in demand for regular household water dispensers as many people are becoming increasingly concerned about tap water quality and the potential of contaminants. Regular household water dispensers are often more affordable than those with cooling or heating functions. They offer a cost-effective solution for households looking for a simple and practical way to access clean drinking water. Furthermore, regular household water dispensers are often low maintenance, as they do not have complex cooling or heating systems that require regular maintenance or repairs. All these factors are driving the household water dispensers market growth.
The household water dispensers market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest share of the market in 2022 and is also expected to register the highest CAGR during the forecast period. The household water dispenser market in Asia Pacific is growing significantly. The increasing awareness about the importance of staying hydrated and consuming clean water is driving the sales of household water dispensers in the region, as many water dispensers have inbuilt filtration systems. The rise in concerns about water pollution and contaminants in tap water is leading to the growing adoption of household water dispensers as a safer and more convenient option for obtaining clean drinking water. Rising disposable income levels and changing lifestyles also contribute to the surging demand for water dispensers in the region.
Impact of COVID-19 Pandemic on Household Water Dispensers Market
In Europe, France, the UK, and Spain were the worst-affected countries due to the COVID-19 pandemic. The outbreak resulted in a temporary disruption in the operations of industrial bases, which discontinued the expansion of their manufacturing facilities across Europe. Further, household water dispenser production was minimal due to the labor shortage, which disrupted the supply chain of the products. Moreover, due to the pandemic, there was an increase in incidences of waterborne diseases and a rise in awareness about sanitation among the urban population, which were a few factors that contributed to the household water dispensers market growth. In addition, product innovations based on technological advancements, improved performance, and convenient usability are other factors expected to propel the market growth over the coming years.
The report segments the household water dispensers market as follows:
Based on function, the household water dispensers market is bifurcated into water cooling/heating and regular. Based on distribution channel, the household water dispensers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the household water dispensers market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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