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The global water cooler market size reached US$ 2.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.47 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Water coolers are electronic containers that dispense drinking water at cool or hot temperatures. They operate on the principle of vapor compression refrigeration cycle, which consists of a compressor, condenser, evaporator, and expansion valve. The high-pressure refrigerant flows through a heat exchanger, wherein it is compressed for transforming liquid into gas through absorbing heat to provide cool or hot water. These coolers aid in filtering impurities, thereby maintaining water quality at cost-effective rates. At present, water coolers are commercially available in varying types, such as bottled, countertop, and under sink chillers.
The increasing requirement for clean and pure water is currently facilitating the widespread adoption of water coolers across various industrial verticals, such as commercial, residential, hospitality, healthcare, and public sectors. This represents the prime factor currently driving the market growth. In line with this, the increasing consumer awareness regarding the benefits of water coolers, such as energy-efficient, portable, minimal maintenance costs, easy usage, and flexible dispensers with hot and cold-water supply technology, is acting as another growth-inducing factor. Moreover, the introduction of multi-purpose and bottle-less water coolers across various organizations and educational institutions since they offer highly certified filtration, purification, and antimicrobial services, are supporting the market growth. They also promote contactless usage for strictly adhering to the coronavirus disease (COVID-19) safety protocols during the nationwide outbreak, which, in turn, is contributing to the market growth. Other factors, including the rising water pollution levels, strategic collaborations between the top players and manufacturers, and extensive research and development (R&D) activities for advancing water coolers are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global water cooler market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, distribution channel and application.
Breakup by Product Type:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Electrolux, Avalon Water Coolers, Blue Star Limited, Breville Group Limited, Brio Water Technology Inc., Clover Co. Ltd., Honeywell International Inc., Primo Water Corporation, Rockwell Industries Limited, Voltas Limited (Tata Group), Waterlogic Plc and Whirlpool Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AB Electrolux, Avalon Water Coolers, Blue Star Limited, Breville Group Limited, Brio Water Technology Inc., Clover Co. Ltd., Honeywell International Inc., Primo Water Corporation, Rockwell Industries Limited, Voltas Limited (Tata Group), Waterlogic Plc and Whirlpool Corporation.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global water cooler market was valued at US$ 2.41 Billion in 2021.
We expect the global water cooler market to exhibit a CAGR of 6.10% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of multi-purpose and bottle-less water coolers across various organizations and educational institutions, as they offer highly certified filtration, purification, and antimicrobial services, while adding in combating the spread of the coronavirus infection.
The rising requirement for clean and pure water, along with the increasing consumer awareness towards the benefits of water coolers, such as energy-efficiency, portability, minimal maintenance costs, easy usage, etc., is primarily driving the global water cooler market.
Based on the distribution channel, the global water cooler market has been segregated into offline and online, where offline currently holds the largest market share.
Based on the application, the global water cooler market can be bifurcated into commercial and residential. Currently, the commercial sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global water cooler market include AB Electrolux, Avalon Water Coolers, Blue Star Limited, Breville Group Limited, Brio Water Technology Inc., Clover Co. Ltd., Honeywell International Inc., Primo Water Corporation, Rockwell Industries Limited, Voltas Limited (Tata Group), Waterlogic Plc, and Whirlpool Corporation.
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