The North America Water Dispenser Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
Water is a basic requirement of life without which survival is impossible. Drinking water that is fresh and pure is essential for preserving body and skin health. Many businesses recognize the value of simple packaging, which has resulted in an increase in the manufacturing of water in bottled form. A water dispenser, often known as a water dispenser if only used for cooling, is a machine that uses a refrigeration unit to cool or heat water and dispense it. Due to easier access to plumbing, it is frequently found near the restroom. The water dispenser has a drain line that leads to the sewage system.
The fact that bottled water dispensers do not require piping installation is one of the main reasons for their popularity. Furthermore, these dispensers can be placed anywhere the consumer wants them. Furthermore, when compared to bottle-less dispensers, where the customer must set up a piping system and make other essential operational arrangements, the installation cost is significantly lower. The rising demand for bottled water is the main driver of the segment's expansion. Furthermore, cheaper starting costs, ease of installation, and low maintenance needs are expected to boost product demand.
The US is one of the most generous bilateral funders of water and sanitation projects. In the fiscal year 2010, government funded $953 million in all water-related and sanitation-related activities in underdeveloped countries. More than 20 US government agencies have contributed to these initiatives, sharing their knowledge and skills in addressing international water concerns, as well as making regular donations to UN institutions and multilateral development banks, such as the World Bank.
The food and drug administration regulate the marketing and production of bottled water products in the United States (FDA). Under the federal food, drug, and cosmetic act, the FDA has set several rules that bottled water producers must meet. In addition to the FDA's standard of, the standard of quality (which specifies the maximum level of contaminants), and current good manufacturing practices (which ensure that bottled water is produced in sanitary conditions and is safe), all of these will help to increase the quality of water dispenser.
The US market dominated the North America Water Dispenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $898 million by 2028. The Canada market is anticipated to grow at a CAGR of 10.4% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 9.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Water Dispenser Market is Estimated 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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