San Antonio, TX – Verify Markets’ analysis of the North American Drinking Fountain Market shows that the market is valued at over $200 million in sales for 2015 and has been growing increasingly quickly over the last 5 years, mainly due to Elkay Manufacturing’s ezH20® combined bottle filler and modular bottle filler attachment (http://www.verifymarkets.com/products/2016-north-american-drinking-fountain-market). For the purposes of Verify Markets’ market research, a drinking fountain refers to both refrigerated water coolers and traditional unrefrigerated, bottleless water dispensers that are most commonly available as a wall-mounted, floor standing and recessed units with bubbler mouth-piece.
Historically, the drinking fountain was often installed to satisfy plumbing codes and Americans with Disabilities Act (ADA) standards. In recent years, there has been a shift from drinking fountain purchasing to satisfy code requirements towards purchasing to meet the hydration needs of the public, including schools, hospitals, airports, commercial and industrial buildings.
The market drivers for the drinking fountain market include desired accessibility of filtered water, perception of poor hygiene with legacy drinking fountains, and water contamination issues adds heightened emphasis to the category and people’s overall health awareness.
Currently, the majority of sales occur through the plumbing wholesale channel, while other channel paths have steadily been capturing market share. Technological advancement and added functionality presents additional revenue opportunities in after sales services, advertising and equipment usage data. The drinking fountain market shows great promise and potential as it provides people with more sustainable hydration solution that will present a formidable alternative to other means of water consumption, like water dispensers or bottled water.
The key companies in this market include: Haws Corporation, Elkay Manufacturing, Most Dependable Fountains (MDF), Acorn Engineering, Filtrine, and Oasis International, among others.
This report provides an overview of the North American Drinking Fountain Market for the United States and Canada. The report captures growth drivers, restraints, challenges, market trends, market share analysis, market revenue forecasts, distribution channel shares, company profiles for leading participants, technological developments, manufacturer & consumer trends, strategic recommendations and perspectives on the future of drinking fountain market. The base year of the study is 2016 and revenue forecasts are provided up to 2022. A copy of the 2016 North American Drinking Fountain Market research report can be obtained at www.verifymarkets.com.