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A water fountain is a device or machine which releases a stream of water into the air. These structures are usually located in public spaces such as gardens, parks, city squares, etc. to enhance the aesthetic appearance and provide drinking water to the public. They are available in various innovative designs and can be powered by gravity, electricity, or solar power.
Rising urbanization, surging demand for clean drinking water in public places, and growing adoption of fountains for home décor are the factors boosting demand for outdoor fountains. The growing trend for attractive outdoor décor and soothing ambiance by the populace will further increase product adoption. On the other hand, the high installation and maintenance costs of outdoor fountains will hamper product demand and adoption in the forthcoming years.
Amid the COVID-19 pandemic, the outdoor fountain industry recorded a fall in product sales and demand as stringent lockdowns prompted the closure of malls and other public places such as parks etc. Meanwhile, the demand for outdoor fountains increased for aesthetic purposes in residences.
Regionally speaking, North America will hold the largest share in the outdoor fountain sector stoked by the rising number of tourists, the presence of many malls and public spaces, and rising urbanization in the region.
According to Business Research Insights, the global outdoor fountain market size was assessed at USD 1151.67 million in 2021 and is slated to reach a valuation of USD 1529.96 million by 2028 with a CAGR of 4.14%. The market has leading players such as Fountain People Inc., OASE Living Water, Vertex, Lumiartecnia International, and Otterbine among others.
These companies are making strategic decisions such as mergers & acquisitions, collaborations, partnerships, and product launches to gather larger revenues, improve profit margins, and enhance geographical reach. Moreover, these decisions help industry leaders to strengthen their positioning in the global market.
Business Research Insights Lists Top 6 Outdoor Fountain Companies:
1. Fountain People, Inc. (U.S.)
The company was founded in 1987 with the aim to provide architectural specifiers along with a full package of services and products that were unavailable from a single provider previously. A subsidiary of Playcore Holdings Inc., the company has worked of several domestic projects for the headquarters of leading corporations such as J.C. Penney, Eli Lily and Company, and Chrysler. Some renowned projects by the company include: the Wellspring Fountain located in Bayliss Park, the Interactive Fountain built in Canal Park, and the Stallings Park Fountain.
2. OASE Living Water (Germany)
OASE is a leading provider of pond pumps, water features, waterfalls, and watercourses, UVC clarifiers, filters, aerators and all your water needs. Founded in 1949, the company has 950 employees across the world and specializes in designing innovative water aquatic environments and fountains keeping in mind the high technical precision standards maintained by Germans. The company offers advanced products, modern ideas, high quality and convenience under one roof. OASE holds three Guinness World Records for its unique designs located in the following cities: the fountain at Banpo Bridge in Seoul, the world’s longest show fountain in Bucharest, and the highest indoor water curtain in Xinhu Mingzhu shopping centre in Suzhou City.
3. Vertex Aquatic Solutions (U.S.)
Headquartered in Florida, Vertex Aquatic Solutions offers high quality aeration products, lake and pond fountains, aquatic bubble curtains, and pond products. These products are environmentally sustainable and help in minimizing chemical use while improving aquatic ecosystems. The company installed its first commercial Oxygenation Saturation Technology offering at Sarah’s Pond in April 2021.
4. Lumiartecnia International (U.S.)
Renowned for its 20 registered invention patents and 60 years of valuable experience, Lumiartecnia International offers a wide variety of garden fountains such as photographic fountains, waterfalls curtains and waterfilms, floating fountains, and fog landscapes. Some of the companies works include: the Walkable Musical Fountain at the rooftop of the Las Arenas Hotel in Benalmadena, 17 EcoJets Walkable Fountain at Constitution Square, Meco, and the world’s first 3D fountain.
5. Otterbine Barebo Inc. (U.S.)
The company was founded in 1952 with the goal of keeping waterways healthy. The company provides the world’s best aerators and fountains. It provides aerators and fountains for several applications such as: residential, commercial, industrial, golf, and parks and recreation. Some of the company’s feature installations are located at: Chatelaine Community in Charlotte, Willow Valley Communities in Lancaster, and Anthem Country Club in Henderson.
6. Suzhou Gold Ocean Co., Ltd. (China)
Suzhou Gold Ocean Co., Ltd is an industry leader which provides several fountain types such as: program control fountain, musical dancing fountain, floating fountain, floor fountain, digital water curtain, and water screen projection. The company also provides a wide array of services such as fountain manufacturing and design, after-sale maintenance, on-site installation guidance, and technical training. The company has a solid client base in Oceania, Latin America, Europe, and Asia as it provides reliable quality and good aftercare services at a low cost.
Surging Demand for Clean Drinking Water to Public Places to Drive Industry Proliferation
The growing number of shopping complexes, stadiums, and other high traffic areas and rising awareness regarding the importance of hydration has increased the usage of water fountains. Fountains are an alternative to bottled water and runners, tourists, animals, and homeless people are highly reliant on them to get hydrated which is further propelling product adoption in the upcoming years.