Household Water Dispensers Market is expected to reach US$ 7,401.12 million by 2028
Increase in Demand for Clean Drinking Water to Drives Household Water Dispensers Market
According to our new research study titled "Household Water Dispensers Market to Forecast 2028 – COVID-19 Impact and Global Analysis – by Function and Distribution Channel," the market 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.
Rising levels of groundwater contamination and increasing concerns regarding tap water quality have resulted in a significant consumer shift towards the adoption of household water dispensers. According to a study conducted by the United States Geological Survey (USGS) in 2019, more than 22% of groundwater contains at least one contaminant at a concentration of potential concern for human health. In addition, according to the World Health Organization, globally, at least 2 billion people use drinking water sources contaminated with feces, resulting in microbial contamination of drinking water. Thus, the increasing groundwater contamination is expected to boost the demand for clean water, propelling the household water dispensers market growth. Household water dispensers offer safe drinking water by removing hazardous bacteria, viruses, and other impurities. In addition, concerns related to the chlorine content in drinking water and related health issues such as asthma, bladder cancer, and heart diseases in developed countries have surged the demand for household water dispensers.
Household Water Dispensers Market Breakdown – by Region
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Key players operating in the global household water dispensers market include SodaStream, Inc.; Avalon Water, Co. Inc.; Blue Star Ltd.; International Business Development, Inc.; Cosmetal Srl; Culligan International, Co.; Canaletas SA; Waterlogic Holdings Ltd.; Primo Water Corp.; Clover Co. Ltd.; and Oasis International, Inc. These companies have a widespread global presence, which allows them to serve a wide range of customers, subsequently contributing to the expansion of their market share. They focus on new product launch and geographical expansion to expand their product range in specialty portfolios. Thus, strategic alliances such as product development by key players further drive the household water dispensers market growth.
Impact of COVID-19 Pandemic on Household Water Dispensers Market
In 2021, the marketplace in North America started recovering from financial losses incurred in 2020. The US government relaxed various restrictions, and many companies reopened their manufacturing units with partial or full employee strength. As a result, many household water dispenser market players increased their production volume to overcome the demand and supply gap. In addition, the increasing demand for clean water and ongoing development in product advancement surged the demand for household water dispensers.
The report segments of 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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