Hot and Cold Water Dispensers Market to grow by USD 1.20 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like Atlantis, Avalon Water Coolers and Avanti Products LLC, and many more – Technavio

NEW YORK, Nov. 20, 2023 /PRNewswire/ — The hot and cold water dispensers market is estimated to grow by USD 1.20 billion from 2022 to 2027, growing at a CAGR of 7.65%. The hot and cold water dispensers market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer hot and cold water dispensers market are Atlantis, Avalon Water Coolers, Avanti Products LLC, Blue Star Ltd., Breville Pty Ltd, Celli Spa, Clover Co. Ltd, Culligan International Co., Haier Smart Home Co. Ltd., Honeywell International Inc., KENT RO Systems Ltd., LUQEL Ltd, Midea Group Co. Ltd., Panasonic Holdings Corp., Pentair Plc, Primo Water Corp., Sas Bakery Equipments., Tata Sons Pvt. Ltd., Waterlogic Holdings Ltd, and Whirlpool Corp.

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Company Offering:

Avalon Water Coolers – The company offers hot and cold water dispensers such as Avalon1 top-loading bottled water cooler dispensers.Avanti Products LLC – The company offers hot and cold water dispensers such as Countertop thermoelectric hot and cold water dispensers, loading water dispensers with UV light, and Cold and room temperature water dispensers.Celli Spa – The company offers hot and cold water dispensers such as Bali dispensers, Bar counters for not refrigeration kegs, and Cool box dispensers.For details on companies and their offerings – Buy a report!

Based on Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. 

North America is estimated to contribute 37% to the growth of the global market during the forecast period. The US, Canada, and Mexico are major contributors to the market in the region. The presence of key providers, increasing awareness about safe drinking water, and increased spending on household appliances are some of the major factors that have significantly contributed to North America’s heating and cold-water dispensers market growth.

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Impactful driver- Rising awareness of health and hygieneKey Trend – Increasing adoption of energy-efficient hot and cold water dispensersMajor Challenges – Low product replacement cycles

 Market Segmentation

Based on  Product, the market is classified into bottles and plumbed-in. The bottles segment is estimated to witness significant growth during the forecast period. This segment plays an important part in making it easy and effective for consumers to obtain a safe, fresh water supply. The growing demand for reliable and hygienic water sources is encouraging this segment to become increasingly popular while providing useful solutions in the form of buildings, offices as well and open spaces.

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Related Reports

The air purifier market size is forecast to increase by USD 55.80 billion between 2022 and 2027, accelerating at a CAGR of 7.3%. 

The portable water purifier market size is estimated to grow at a CAGR of 10.19% between 2022 and 2027. The market size is forecast to increase by USD 147.12 million. 

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user 

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 ompany Analysis

13 Appendix

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SOURCE Technavio