Using water dispensers is an option for those who prefer to drink water but are not willing to use tap water. They are usually available in residential and commercial spaces, and can be a convenient and eco-friendly alternative to bottled water. In addition, they can provide a variety of water temperatures and a mix of water types.
Water dispenser manufacturers have come up with innovative solutions for various challenges. For example, infrared sensor dispensing has gained popularity due to its reduced contact with humans. This method can determine the maintenance needs of dispensers without the need for human intervention.
The growing need for customised solutions is also a key factor contributing to the growth of the water dispenser market. The need for customised options is mainly driven by health-conscious consumer habits.
Some of the major players in the water dispenser market include Suzhou Oasis Electronic Co., Ltd. They have a strong presence across the world, and offer a wide range of products. They also offer products through online channels, which offer greater discounts and easier delivery.
The water dispenser industry is growing at a rapid pace. It is projected to reach USD 5.34 billion by 2030. It is expected to see an 8.9% CAGR between 2022 and 2030. Its growth is attributed to the ease of installation and minimal maintenance costs.
In addition, consumers prefer buying products online. This trend is expected to continue during the forecast period.