At 6.4% CAGR, the Asia Pacific Household Water Dispensers Market is projected to be worth US$ 3,151.40 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Asia Pacific household water Dispensers market was valued at US$ 2,173.82 million in 2022 and is expected to reach US$ 3,151.40 million by 2028, registering a CAGR of 6.4% from 2022 to 2028. Increase in demand for clean drinking water and growing adoption of e-commerce platform are the critical factors attributed to the Asia Pacific household water Dispensers market expansion.     

Local and international household water dispensers market players are engaged in developing products with advanced technologies. Manufacturers have been investing in research and development to accelerate the digitalization of products and introduce products with advanced technologies, such as touch-free water dispensers. Companies are introducing technologies such as photocatalyst and acoustic nanotube technology to improve the quality of water. Photocatalytic water purification technology treats water with sunlight and photocatalysts and helps remove impurities such as agrochemical residues and chlorine. In addition, smart purifiers help monitor water use and adjust the settings according to requirements. Smart purifiers are designed to send alerts and notifications to consumers at the completion of the maintenance cycle. Thus, prominent players in the market are increasingly investing in introducing artificial intelligence (AI) in water dispensers in order to digitalize their products. Thus, technological advancements in household water dispensers are expected to introduce new trends to the market during the forecast period.

On the contrary, additional maintenance costs and frequent component replacement hurdles the growth of Asia Pacific household water Dispensers market. 

Based on function, the Asia Pacific household water Dispensers market is segmented into water cooling/heating and regular. The regular segment held 63.3% market share in 2022, amassing US$ 1,375.43 million. It is projected to garner US$ 1,967.84 million by 2028 to expand at 6.2% CAGR during 2022–2028.

Based on Distribution channel, the Asia Pacific household water Dispensers market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 35.1% market share in 2022, amassing US$ 763.15 million. It is projected to garner US$ 1,126.78 million by 2028 to expand at 6.7% CAGR during 2022–2028.

Based on country, the Asia Pacific household water Dispensers market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 41.9% market share in 2022. It was assessed at US$ 911.48 million in 2022 and is likely to hit US$ 1,351.00 million by 2028, exhibiting a CAGR of 6.8% during the forecast period.     

Key players dominating the Asia Pacific household water Dispensers market are SodaStream Inc; Blue Star Ltd; Culligan International Co; Waterlogic Holdings Ltd; Primo Water Corp; Clover Co Ltd; and Oasis International Inc among others.   

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