I did a reverse image search on it and found that this topic has come up before - Ain't Italy's water fountains/cranes eligible anymore?
It does seem that these are quite common, but there are also potentially of historical interest which could make them eligible under the exploration category. These “nasoni” - Nasone - Wikipedia - date back as far as the 1870s in Rome at least.
I do think this is potentially eligible but needs more work. In particular, the maker’s name may give a clue as to the installation date and might also give you a clue as to the exact type of fountain. This is often best done by examining the proposed wayspot itself. Include the details of the fountain in the submission, and use the supporting text to include links to any web sites that give details about these fountains.