The Latin America, Middle East and Africa Water Dispenser Market would witness market growth of 11.4% CAGR during the forecast period (2022-2028).
Water dispensers with an extra dispenser intended to fill water bottles immediately units are now available. This is becoming more popular in public water dispensers, and it has also been seen in public areas like airports and train stations. These bottle filling systems can also show how many single-use plastic bottles have been saved as part of a larger campaign to minimize plastic pollution. As a result of the rising demand for carbonated beverages and increased knowledge of healthy living, modern water dispensers now include alternatives for sparkling water, resulting in a choice for fizzy water over sweetened carbonated drinks.
Travel and tourism are well-established in the LAMEA region in the Gulf Cooperation Council (GCC) countries, including the United Arab Emirates. This growth is driving the development of the region's hospitality sector, increasing the need for dispenser water in food service outlets. With high temperatures, the Middle East is also one of the driest regions on the planet. To meet the country's growing demand for drinking water, the government of the United Arab Emirates is boosting its investment in innovative water technologies and infrastructure.
This scarcity of water, combined with government initiatives, may present an opportunity for water dispenser manufacturers to deliver premium-grade drinking water in places where there is a scarcity, leading to water dispenser market growth in the LAMEA region. The water dispenser helps in the accurate amount of the water dispense which decreases the wastage of water.
The need for residential and business constructions has increased in tandem with the region's growing population, which should sustain the water meter industry in this area. In addition, the regional water meter market is expected to rise in the approaching years due to increased economic development and expansion of various sectors. The more adoption of the water dispenser to save the water scarcity and correct amount of water dispense in this region propels the growth of the water dispenser market.
The Brazil market dominated the LAMEA Water Dispenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $66.9 million by 2028. The Argentina market is estimated to grow at a CAGR of 12% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 11.1% during (2022 - 2028).
Based on Application, the market is segmented into Commercial (Hospitality, Transport Terminal, Institutions, Corporate Offices, and Others), Industrial (Food & Beverages, Healthcare, and Others), and Residential. Based on Product, the market is segmented into Bottled and Bottle-less. Based on Distribution Channel, the market is segmented into Retail & Industrial and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Water Dispenser Market is Predict to reach $3.7 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Whirlpool Corporation, Emerson Electric Co., Clover Corporation Limited, Primo Water Corporation, Midea Group Co., Ltd., A. O. Smith Corporation, Culligan International Company (Clayton, Dubilier & Rice Ltd.), and Waterlogic Holdings Ltd.
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