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Hot and Cold Water Dispensers Market Size - By Type (benchtop hot and cold water dispensers, free-standing hot and cold water dispensers), By Application (commercial, household) & Region – Forecasts By 2023-2033

  • PUBLISHED ON
  • 2024-07-12
  • NO OF PAGES
  • 238
  • CATEGORY
  • Automotive & Transportation

Market- Overview

Hot And Cold Water Dispensers Market was valued at USD 2,500 million in 2022 and is estimated to reach a value of USD 7,100 million by 2032 with a CAGR of 8% during the forecast period 2023-2033.

A hot and cold water dispenser is a device that can heat and cool water and dispense it as needed. Some versions come with ice makers, while some models have an additional option to deliver water at room temperature.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 2,500 Million

Market Forecast in 2033

USD 7,100 Million

CAGR % 2023-2033

8.0%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Type and application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Angel Springs, CELLI, Culligan, Haier, Honeywell International, and others.


The growing demand for water dispensers will be a major market factor for the hot and cold-water dispenser’s industry. The numerous benefits associated with the use of water dispensers will further help the industry grow.

To continue on the path to growth and recovery from the pandemic's effects, low product replacement cycle must be overcome. One of the major elements driving the market's expansion is the simple availability of hot and cold water, which promotes higher use.

Hot and Cold Water Dispensers Market- Key Trends

Adoption of energy-efficient hot and cold water dispensers is an emerging trend in the home, kitchen, and large appliances space which will help the market to grow further

A new trend in the household, kitchen, and major appliance sectors is the adoption of energy-efficient hot and cold water dispensers. The need for energy-efficient electronic appliances, particularly hot and cold water dispensers, is rising as more manufacturers release products that are energy-efficient.

Additionally, many energy departments establish various appliance standards, which the rivals follow, enabling them to create newer, more energy-efficient electronic gadgets. These actions not only save energy but also help to fuel the market for energy-efficient appliances, such as hot and cold water dispensers.

Product demand is being driven by factors such as portability, ease of use and installation, and low maintenance costs help the market to increase in forecasted period

The demand for a product is influenced by elements like portability, simplicity of use and installation, and low maintenance costs. Strong sources are required to supply the expanding demand for safe drinking water in numerous areas where there is a drinking water shortage, which leads to higher product sales and, consequently, market expansion. The COVID-19 epidemic has caused a sea change in how people feel about health and safety.

Hot and Cold Water Dispensers Market- Segmental Assessment

Hot and cold water dispensers are gaining popularity in residential settings due to their convenience and energy efficiency. The demand for hot and cold water dispensers in residential settings is primarily driven by the growing awareness about the benefits of drinking clean and purified water, as well as the convenience of having hot and cold water readily available at home.

In addition, the increasing demand for compact and space-saving appliances in small apartments and homes is also driving the growth of hot and cold water dispensers in residential settings. Countertop water dispensers are particularly popular among homeowners who are looking for a space-saving solution for their kitchen or dining area.

Moreover, the COVID-19 pandemic has also contributed to the growth of the hot and cold water dispenser market, as more people are working from home and are looking for convenient ways to stay hydrated throughout the day.

Overall, the residential market for hot and cold water dispensers is expected to witness steady growth in the coming years, driven by the growing demand for convenient and energy-efficient water dispensing solutions in homes, apartments, and other residential settings.

Hot and Cold Water Dispensers Market- Geographical Landscape

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2023-2033.

The demand for hot and cold water dispensers in Japan has been increasing steadily in recent years. Japan is a country that is highly sensitive to hygiene, and the popularity of hot and cold water dispensers can be attributed to their ability to provide clean and purified water at the touch of a button.

Additionally, the compact and space-saving design of many hot and cold water dispensers is well-suited to the small living spaces that are common in Japan. Countertop water dispensers are particularly popular among Japanese consumers who are looking for a space-saving solution for their kitchen or dining area.

Furthermore, Japan is a country with a high level of environmental consciousness, and the energy efficiency of hot and cold water dispensers is also a factor driving their popularity. Many hot and cold water dispensers available in Japan are designed to minimize energy consumption while providing a constant supply of hot and cold water.

Overall, the demand for hot and cold water dispensers in Japan is expected to continue to grow in the coming years, driven by the growing awareness about the benefits of drinking clean and purified water, as well as the convenience and energy efficiency offered by these appliances.


Hot and Cold Water Dispensers Market- Competitive Landscape

The prominent companies defining the competitive terrain of this marketplace are Angel Springs, CELLI, Culligan, Haier, Honeywell International, and others.

 Market- Segmental Assessment

By Type

• Benchtop hot and cold water dispensers

• Free standing hot and cold water dispensers

• Others


By Application

• Household

• Commercial

• Others


Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA

1. Global Hot and Cold Water Dispensers Market Introduction and Market Overview

1.1. Objectives of the Study

1.2. Hot and Cold Water Dispensers Market Definition & Description

1.3. Global Hot and Cold Water Dispensers Market Scope and Market Estimation

1.3.1.   Global Hot and Cold Water Dispensers Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.   Global Hot and Cold Water Dispensers Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4. Market Segmentation

1.4.1. Type of Global Hot and Cold Water Dispensers Market

1.4.2. Application of Global Hot and Cold Water Dispensers Market

 

2. Executive Summary

2.1. Global Hot and Cold Water Dispensers Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Hot and Cold Water Dispensers Market Industry Development

2.2. Market Dynamics

2.2.1.   Drivers

2.2.2.   Limitations

2.2.3.   Opportunities

2.2.4.   Impact Analysis of Drivers and Restraints

2.3. Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4. Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5. Porter’s Five Forces Analysis

2.5.1.   Bargaining Power of Suppliers

2.5.2.   Bargaining Power of Buyers

2.5.3.   Threat of Substitutes

2.5.4.   Threat of New Entrants

2.5.5.   Competitive Rivalry

2.6. Value Chain / Ecosystem Analysis

2.7. PEST Analysis

2.8. Russia-Ukraine War Impacts Analysis

2.9. Economic Downturn Analysis

2.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3. Global Hot and Cold Water Dispensers Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4. Global Hot and Cold Water Dispensers Market Estimates & Forecast Trend Analysis, by Type

4.1. Global Hot and Cold Water Dispensers Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2023 to 2033

4.1.1. Benchtop hot and cold water dispensers

4.1.2. Free standing hot and cold water dispensers

 

5. Global Hot and Cold Water Dispensers Market Estimates & Forecast Trend Analysis, by Application

5.1. Global Hot and Cold Water Dispensers Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.   Household

5.1.2.   Commercial


6. Global Hot and Cold Water Dispensers Market Estimates & Forecast Trend Analysis, by Region

6.1. Global Hot and Cold Water Dispensers Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.   North America

6.1.2.   Europe

6.1.3.   Asia Pacific

6.1.4.   Middle East & Africa

6.1.5.   South America

 

7.  North America Hot and Cold Water Dispensers Market: Estimates & Forecast Trend Analysis

7.1. North America Hot and Cold Water Dispensers Market Assessments & Key Findings

7.1.1. North America Hot and Cold Water Dispensers Market Introduction

7.1.2. North America Hot and Cold Water Dispensers Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Type

7.1.2.2.  By Application

7.1.2.3.  By Country

7.1.2.3.1. The U.S.

7.1.2.3.2. Canada

7.1.2.3.3. Mexico

 

8. Europe Hot and Cold Water Dispensers Market: Estimates & Forecast Trend Analysis

8.1. Europe Hot and Cold Water Dispensers Market Assessments & Key Findings

8.1.1.  Europe Hot and Cold Water Dispensers Market Introduction

8.1.2.  Europe Hot and Cold Water Dispensers Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Type

8.1.2.2.  By Application

8.1.2.3.  By Country

8.1.2.3.1. Germany

8.1.2.3.2. U.K.

8.1.2.3.3. France

8.1.2.3.4. Italy

8.1.2.3.5. Spain

8.1.2.3.6. Russia

8.1.2.3.7. Rest of Europe

 

9. Asia Pacific Hot and Cold Water Dispensers Market: Estimates & Forecast Trend Analysis

9.1. Asia Pacific Market Assessments & Key Findings

9.1.1.   Asia Pacific Hot and Cold Water Dispensers Market Introduction

9.1.2.   Asia Pacific Hot and Cold Water Dispensers Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.  By Type

9.1.2.2.  By Application

9.1.2.3.  By Country

9.1.2.3.1. China

9.1.2.3.2. Japan

9.1.2.3.3. India

9.1.2.3.4. Australia

9.1.2.3.5. South Korea

9.1.2.3.6. ASEAN

9.1.2.3.7. Rest of Asia Pacific

 

10. Middle East & Africa Hot and Cold Water Dispensers Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1. Middle East & Africa Hot and Cold Water Dispensers Market Introduction

10.1.2. Middle East & Africa Hot and Cold Water Dispensers Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Type

10.1.2.2.  By Application

10.1.2.3.   By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

 

11. South America Hot and Cold Water Dispensers Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1. South America Hot and Cold Water Dispensers Market Introduction

11.1.2. South America Hot and Cold Water Dispensers Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1. By Type

11.1.2.2.  By Application

11.1.2.3. By Country

11.1.2.3.1. Brazil

11.1.2.3.2.  Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

 

12.  Competition Landscape

12.1. Global Hot and Cold Water Dispensers Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Hot and Cold Water Dispensers Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.  Angel Springs

13.1.1. Company Overview & Key Stats

13.1.2. Financial Performance & KPIs

13.1.3. Product Portfolio

13.1.4. Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.  CELLI

13.3.  Culligan

13.4.  Haier

13.5.  Honeywell Internationa

13.6.   Others**

 

14. Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6.  Limitations

14.7.  Report FAQs

 

15. Research Findings & Conclusion

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

Global hot and cold water dispensers market was valued at USD 2,500 million in 2022 and is estimated to reach a value of USD 7,100 million by 2032 with a CAGR of 8% during the forecast period 2023-2033.

What are the drivers shaping various markets?

Adoption of energy-efficient hot and cold water dispensers is an emerging trend in the home, kitchen, and large appliances space which will help the market to grow further.

Who are the key competitors of market Players?

Some of the major players operating within the market are Angel Springs, CELLI, Culligan, Haier, Honeywell International, and others.

What are the top performing segments, and countries / regions of each of the markets?

North America is projected to capture a substantial revenue share over 2023-2033. The demand for hot and cold water dispensers in Japan has been increasing steadily in recent years.

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