Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
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Major factors driving the sparkling water dispensers market include availability of dispensers with improved temperature controls, rising preference for dispensers with multi-stage filtration, and increasing number of end-user establishments. Moreover, increased adoption of cold water purification is significantly driving the market. These dispensers involve multi-stage process starting with removal of sediment, followed by removal of odor and taste as well as UV disinfection, which is adding fuel to the growth of the market. This process, allows removal of impurities such as dust, sand, and other contaminants from the water. Furthermore, one of the major factors restraining the sparkling water dispensers market is the rising incidence of malfunctioning in these dispensers. Sparkling water dispensers may face malfunctioning issues including slow dispensing of water, bad taste of water, and leakage of carbon dioxide gas. These issues, in turn, are likely to hamper the market during the forecast period.
The global sparkling water dispensers market can be segmented based on product, application, distribution channel, and geography. In terms of product, the sparkling water dispensers market can be classified into countertop dispensers and floor–standing dispensers. In terms of application, the sparkling water dispensers market can be divided into household and commercial. Based on distribution channel, the sparkling water dispensers market can be classified into online channels and offline channels. The offline channels segment has been sub-categorized into commercial channels and retail channels. Geographically, the global sparkling water dispensers market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to be a major contributor to the global sparkling water dispensers market between 2018 and 2026. Availability of a wide range of sparkling water dispensers and increasing demand for refreshing water are some of the major factors augmenting the demand for sparkling water dispensers in North America.
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The sparkling water dispensers market is concentrated owing to presence of established as well as regional players. All players operating in the sparkling water dispensers market are focused on introducing technologically upgraded sparkling water dispensers. This is resulting in a fragmented market, wherein the competition is intensifying. Companies are focusing on the introduction of innovative products incorporated with advanced technologies. Major players in the sparkling water dispensers market are emphasizing the introduction of innovative and effective solutions to meet the increasing demand for sparkling water dispensers. Key players operating in the global sparkling water dispensers market include BRITA, Cornelius, Elkay Manufacturing Company, Follett, Natura, and Waterlogic International.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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