The US water dispenser market has grown by an annual average of 4.4% to reach almost 8 million units at the end of 2018, according to a new report from consultancy firm, Zenith Global.
Pam Jones, senior consultant at Zeith Global, commented, “For the first time, we have been able to include integrated tap systems alongside our regular research into bottled water dispensers and mains-fed point of use units.”
According to the report, home and office bottled water dispensers dominate the market at 75% of total numbers installed, while main-fed units have advanced faster than the overall market, rising by an average 8.8% a year to nearly 2 million in December 2018.
“American consumers have become more concerned about cost, convenience and the environment,” Jones added. “Mains-fed point of use distributors have clearly benefited from these wider trends.”
Integrated tap systems are also strengthening their profile. 87% of these are in commercial locations, mainly workplaces. Their presence in hotels, restaurants, catering and homes is also significant.
“Another key trend we have identified is a shift towards customers buying units instead of renting them. The overall US market is now worth more than $4,500 million,” Pam Jones concluded.
Zenith Global predicted that the total number of water dispense units in the US will increase by a further 1.3 million to a total of 9.2 million in 2023.