BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India water dispenser market size to grow at a steady CAGR of 6.8% during the forecast period between 2023 and 2029. Major factors for the expansion of India water dispenser market include growing health awareness among consumers, surging demand from commercial and industrial sectors, high adoption of bottled water, and worsening ground water quality. Portability, ease of use and installation, and minimal maintenance costs are also driving the product demand. Due to scarcity of drinking water in some places, robust sources are required to meet the expanding demand for clean drinking water, leading in higher product sales and, as a result, market growth. As consumers grow more conscious of water-borne diseases, players are prioritizing multi-stage filtration, with RO and UV as key approaches that can be profitable because they are more effective than other water filtration technologies. Leading manufacturers’ promotional programs also contribute to market growth. Product demand is boosted by low maintenance requirements and after-sales services supplied by manufacturers. The availability of a wide range of goods, including top load and wall-mounted models with direct plumbing features and simple cleaning methods, will increase demand even further. However, stringent environmental regulations and high setup costs are anticipated to restrain the growth of India water dispenser market.
India Water Dispenser Market – Overview
A water dispenser, also known as a water cooler, is a device that chills and distributes water. It is plugged into the mains and offers a constant flow of cold, hot, and boiling water. The two types of water coolers offered are bottle-less water coolers and bottled water coolers. The unit that is attached to the mains supplies water through a refrigeration unit that continuously provides water. Aside from providing cooled water, numerous product variants coupled with a heater tank are used to provide users with hot or boiling water. Water is often dispensed from a source via a tap or spigot via a button or knob. Whether employing bottle less or bottled water coolers, users simply press a button or turn a knob to dispense water into the funnel. These dispensers are widely used in residential and commercial buildings because to their ease of use and installation, minimal maintenance costs, and portability.
India Water Dispenser Market – By End User
Based on end user, India water dispenser market is bifurcated into Residential and Commercial/Industrial segments. The commercial segment held a higher market share in 2022. The segment is expected to grow due to an increase in demand for clean water supply in commercial regions. Some business structures may not have direct water connections. This will drive up demand for water dispensers in this market. During the forecast period, the residential segment is expected to grow rapidly. The growing use of water purification solutions in residential areas in India is linked to a lack of clean and freshwater resources. Furthermore, the supply of low-quality drinking water in residential areas is expected to drive demand for water dispensers in the market. The commercial segment includes hospitality, transport terminal, institutions, corporate offices, food & beverages and healthcare.
Impact of COVID-19 on India Water Dispenser Market
COVID-19 affected water dispenser industry. Governments issued directions to preserve social distance and obey safety laws to limit coronavirus spread. Due to government regulations, production was temporarily halted. The water cooler’s logistics and supply chain were also impacted because of the outage. As a result, the manufacturers of water coolers experienced considerable losses. Customers also avoided using public water coolers in public settings to keep the disease from spreading. Instead of using the water cooler, the consumer chose alternatives, such as pre-packaged drinking water bottles. Consequently, water cooler manufacturers in India suffered.
Major players operating in India water dispenser market include Voltas Ltd., Blue Star Ltd., Usha International Ltd., Haier, Inc., Karlston Technovisions Pvt Ltd., Oasis WFS Pvt. Ltd., Crystal Impex, White Wave Enterprise Pvt. Ltd., Emerson Electric Co., Whirlpool Corp, A.K. System Engineers Private Limited, and Kent RO System Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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