Water Dispensers Market to Grow at 13% CAGR in India, Finds TechSci Research Study
BURNABY, Canada, April 19, 2016 /PRNewswire/ --
Depleting ground water levels, rising water contamination due to improper industrial waste disposal, coupled with growing health awareness among consumers to drive water dispensers market in India through 2021.
According to TechSci Research report, "India Water Dispensers Market By Type, By Point of Sale, By End User, Competition Forecast and Opportunities, 2011-2021", water dispensers market in India is anticipated to grow at a CAGR of over 13% during 2016-2021, due to rising disposable income levels, increasing demand from industries and factories, launch of 'Make In India' program and increasing water contamination through wastes released by industries. India water dispensers market is expected to be dominated by top mounted water dispensers due to its reasonable price and technological innovations.
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In 2015, the sales of water dispensers were dominated in western and southern states due to increasing demand for packaged or bottled water and growing water shortage problems in the states. Increasing ground water contamination, rising population, industrialisation and urbanisation, depleting water resources and increasing demand for bottled are some of the factors driving sales of water dispensers.
In 2015, Voltas, Blue Star, Carrier Midea and Atlantis were some of the leading players in India water dispensers market. In addition, presence of local Chinese players also makes it a competitive market.
"Need to desalinate water to make it suitable for human consumption, deteriorating water quality, reduction in groundwater table, increasing salt and chlorine concentration in water supplied to consumers for drinking, growing health concerns, etc., are some of the main reasons due to which people are opting for bottled/packaged drinking water and this is in turn, is boosting demand for water dispensers in the country. Regardless of improvements in drinking water, many water resources are contaminated with bio and chemical pollutants. About 21% of the diseases in the country are water borne. This is anticipated to increase awareness among consumers, and boost demand for packaged drinking water and subsequently water dispensers in the country.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Water Dispensers Market By Type, By Point of Sale, By End User, Competition Forecast and Opportunities, 2011-2021", has evaluated the future growth potential of India water dispensers market and provides statistics and information on market structure, size, share and future growth of India water dispensers market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also analyses the consumer behaviour which includes spending pattern, brand awareness level, frequency of purchase of water dispensers through retail stores.
About TechSci Research:
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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