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The latest research study “Water Cooler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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 CAGR of 6.10% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Water coolers refer to electronic containers that dispense drinking water at hot or cool temperatures. They are extensively available in various types, such as countertop, bottled, and under sink chillers. Water coolers operate on the principle of vapor compression refrigeration cycle, which consists of a condenser, evaporator, compressor, and expansion valve. The high-pressure refrigerant pours through a heat exchanger, where it is condensed to transform the liquid into a gas by absorbing heat to provide cool or hot water. These containers assist in filtering impurities and maintaining the water quality at cost-effective rates. As a result, water coolers find widespread applications across commercial and residential establishments.
Global Water Cooler Market Trends and Drivers:
The escalating product demand across several industrial verticals, including commercial, residential, hospitality, healthcare, public, etc., is among the primary factors driving the water cooler market. Besides this, the increasing consumer awareness towards the benefits of these containers, such as portability, energy-efficiency, minimal maintenance costs, easy usage, and flexible dispensers with hot and cold supply technology, is further augmenting the market growth. Apart from this, the introduction of multi-purpose and bottle-less water coolers in various organizations and educational institutions, owing to their purification, highly certified filtration, and antimicrobial services, is also catalyzing the global market. Moreover, the development of contactless usage of these containers, on account of the sudden outbreak of the COVID-19 pandemic across countries, is anticipated to propel the water cooler market over the forecasted period.
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Water Cooler Market Report Scope
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product Type, Distribution Channel, Application and Region
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
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.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
The report has been segmented the market into following categories:
List of Major Key Players:
The major players in the market are 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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