According to a recent market study published by Growth Market Reports, titled, “Water Fountain Market Segments – by Installation Type (Outdoor and Indoor), Mounting Type (Floor Mounting and Wall Mounting), Application (School & Education Institutes, Parks, Recreational Places, and Sports Complex & Playgrounds), Sales Channel (Offline and Online), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 1.85 billion in 2022 and is expected to surpass USD 2.29 billion expanding at a CAGR of 3.2% by the end of 2031. The growth of the market is attributed to rising economic and infrastructure development in emerging economies and increasing consumer awareness about healthy water drinking habits.
Recent Development
In July 2022, Zurn Elkay Water Solutions was formed with the merger completion of Zurn Water Solutions and Elkay Manufacturing. With this development, the combined firm has become one of the major providers of water management solutions working towards improving individuals’ health and the environment.
Key Market Players Profiled in the Report
- Elkay Manufacturing Company
- Zip Water
- Enware Australia Pty Ltd
- Aqua Cooler
- The Britex Group
- Landmark Products Pty Ltd
- Aquafil
- Area Safe Products Pty Ltd.
- Grillex, Furphy Foundry Pty Ltd
- aquaBUBBLER
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include installation type, mounting type, application, sales channel, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
Highlights on the Segments of the Water Fountain Market
In terms of region, the global water fountain market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is projected to dominate the global market during the projection period.
This is attributed to the rising government initiatives towards civil infrastructure development including the addition of water fountains at public places. In addition, with rising public awareness about the harms of plastic bottles on the environment, there are new solutions explored for reducing dependability on plastic water bottles, which is likely to support the market growth In the region.
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Key Takeaways from the Study:
- Water fountains are aquatic facilities that are installed at indoor and outdoor locations. Their key purpose includes decorating the appearance of the place, improving the atmosphere coolness, and water drinking purpose as well.
- Water fountains are considered an important requirement at urban facilities and households as they facilitate several benefits. The benefits include improved cooling of surroundings, smooth meditative sound, and calm feelings generated by falling water.
- There are two main types of water fountains indoor and Outdoor. They are available in floor, pool/pond, tabletop, and wall fountains forms.
- Rising availability of innovative water fountains is one of the key drivers of the global water fountain market. These modern fountains are serving multiple purposes and are easy and flexible to install, which is driving their adoption rate.
- Urban infrastructure development is growing at a rapid rate owing to government and private players’ initiatives globally. This is likely to create favorable growth opportunities for the market in the years ahead.
- Based on installation type, the water fountain market is bifurcated into indoor and outdoor. The outdoor segment is projected to hold the major share of the market revenue in the coming years, owing to rising installation across residential building spaces.
- On the basis of application, the market is categorized into schools & education institutes, parks, recreational places, sports complexes & playgrounds, and others. The schools & education institutes segment is expected to expand at a substantial CAGR during the projection period.
- In terms of sales channels, the water fountain market is classified as online and offline. The offline segment is projected to grow rapidly throughout the projection period, as customers prefer visiting physical places for inquiring about and inspecting such appliances before buying.
Read 175 Pages Research Report with Detailed TOC on “Water Fountain Market Segments – by Installation Type (Outdoor and Indoor), Mounting Type (Floor Mounting and Wall Mounting), Application (School & Education Institutes, Parks, Recreational Places, and Sport Complex & Playgrounds), Sales Channel (Offline and Online), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031”
Key Segments Covered
Installation Type
- Outdoor
- Indoor
Mounting Type
- Floor Mounting
- Wall Mounting
Application
- School & Education Institutes
- Parks
- Recreational Places
- Sport Complex & Playgrounds
Sales Channel
- Offline
- Online
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.
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