Global Water Cooler Market, By Product (Bottled, Bottle-Less), Application (Residential, Commercial), Dispenser Type (Wall Mounted, Bottom Load Water Dispenser, Table Top water Dispenser, Direct Piping Water Dispenser, Freestanding), Water Source and Purification Type (Bottled Water Dispenser, Plumbed in Water Dispenser), Distribution Channel (Direct Sales, OEM, Wholesaler/Distributor, Online Shop/Sales, Service Companies) – Industry Trends and Forecast to 2029.
Water Cooler Market Analysis and Size
Over the last few years, increasing public awareness regarding the importance of clean water and economic growth in emerging nations has largely boosted the growth of the water cooler market. Moreover, several technological advancements in the water cooler industry has increased the ability to treat over the forecasted period. Also, rise in the number of public and private institutes and improvement in the retail structure drive the growth of the global water cooler market. Over the projected period, the scenario is producing promising global sales prospects for participants in the water dispensers market.
Data Bridge Market Research analyses that the water cooler market was valued at USD 931.05 million in 2021 and is expected to reach USD 1,428.87 million by 2029, registering a CAGR of 5.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Water Cooler Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Thermoelectric Cooler, Hard Cooler, Soft Cooler), Material (Plastic, Metal, Others), Capacity (Under 25 Quart, 25-40 Quart, 41-60 Quart, 61-100 Quart, Over 100 Quart), Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Online, Others), Application (Backyard and Car Camping, RV Camping, Backpacking, Ship and Fishing, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Blue Star Limited (India), Voltas Inc, (India), Atlantis Products Pvt. Ltd. (India), Avalon Water Coolers (U.S.), Mistral Solutions Pvt. Ltd., (India), Midea Group (China), Ningbo Jewin Electrical Appliances (China), Aqua Clara International (U.S.), Alpine Coolers (U.S.), Ningbo Lamo Drinking Water Equipment Co. Ltd., (China), Bibo (China), Glug Glug Glug (U.K), Arctic Coolers (Switzerland), AquAid Franchising Limited (U.K), BRITA (Germany), Vista France (France), Sure International (UAE), Mt. Fuji Springs Inc., (Japan), Aimex Australia (Australia), Royalsovereign, Inc. (U.S), Alfred Kärcher SE & Co. KG (Germany)
|
|
Market Opportunities
|
|
Market Definition
Water coolers are those devices which dispense water at a low or cool temperature. These water coolers are attached to a supply of water and come with an outlet for cold water. Water coolers have additional features such as water filtration or purification and additional water cooler for room temperature water. They use electricity as a source of energy for cooling or dispensing water.
Water Cooler Market Dynamics
Drivers
- High durability and extreme reliability of water cooler
The biggest benefits of water cooler is that they are highly durable and extremely reliable for the water storage during peak summer months. Also, increasing awareness of the consumer towards the consumption of clean water for healthy lifestyle with the several benefits of water cooler is boosting the demand of water coolers and expected to drive the growth rate of the water cooler market.
- Requirement of Clean Water
The rising adoption of water cooler in commercial institutes such as offices, colleges and hospitality sector and growing levels of groundwater contamination increases the demand for water coolers and boost the market growth. Moreover, the increasing demand for clean and cool drinking water and exhausting natural water resources are the major factors which is projected to carve a way for the market's growth.
Furthermore, the increasing demand of water cooler because of the lack of availability of clean, cool and pure water, increasing awareness about hygiene and health among consumers are the major factors which is driving the water coolers market. The growing number of international tourists, rise in the demand of water cooler in hotels and the availability of multi-purpose water coolers boost the growth of the water coolers market .Also, growing awareness regarding the smart water coolers and up surging investment in the research and development activities influences the water coolers market.
Opportunities
- Rising demand of water cooler to preserve and store water
The rise in demand for water cooler to store and preserve water, for a long period of time will act as market drivers and enhance the beneficial opportunities for the growth of the water cooler market.
Furthermore, growing advancements in technology for the manufacturing of these water coolers which has used in both application such as residential and commercial application will positively influence the growth of the water cooler market and further create beneficial opportunities for the global water cooler market in upcoming period.
Restraints/ Challenges
- Additional Expenses
The regular replacement of product components or parts and increased expenses may have a negative impact on the growth of the water coolers market during peak summer months. This factors are expected to limit the growth of the water coolers market.
- High cost and lack of regular necessity of water coolers
The high cost high of water cooler is a major restraining factor which is expected to obstruct the water cooler market growth globally. Moreover, lack of regular necessity of this product due to prolonged lifecycle of these products is anticipated to limit the growth of the water coolers market.
This water cooler market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the water cooler market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Water Cooler Market
The outbreak of COVID-19 pandemic has hampered the growth of the water cooler industry. To restrict the spread of coronavirus, governments have given directives to follow safety regulations and maintain social distance. The manufacturing of these products was temporarily halted due to the government regulations. The water cooler's logistics and supply chain were also disrupted during this pandemic. As a result, the water cooler makers also suffered from significant losses. Consumers also avoided public water coolers in public places to prevent the disease from spreading further. As a result, water cooler companies has negatively affected as a result of this around the world.
Global Water Cooler Market Scope
The water cooler market is segmented on the basis of product, application, dispenser type, water source and purification type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bottled
- Bottle-Less
Application
- Residential
- Commercial
Dispenser Type
- Wall Mounted
- Bottom Load Water Dispenser
- Table Top water Dispenser
- Direct Piping Water Dispenser
- Freestanding
Water Source and Purification Type
- Bottled Water Dispenser
- Plumbed in Water Dispenser
Distribution Channel
- Direct Sales
- OEM
- Wholesaler/Distributor
- Online Shop/Sales
- Service Companies
Water Cooler Market Regional Analysis/Insights
The water cooler market is analysed and market size insights and trends are provided by country, product, application, dispenser type, water source and purification type and distribution channel as referenced above.
The countries covered in the water cooler market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the water cooler market in terms of revenue and share of market. This is due to the increasing commercial construction, rising number of entertainment spaces and malls, presence of huge IT sectors, transportation advancement, and infrastructural development in this region.
North America is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the high disposable income within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Water Cooler Market Share Analysis
The water cooler market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to water cooler market.
Some of the major players operating in the water cooler market are:
- Blue Star Limited (India)
- Voltas Inc, (India)
- Atlantis Products Pvt. Ltd. (India)
- Avalon Water Coolers (U.S.)
- Mistral Solutions Pvt. Ltd., (India)
- Midea Group (China)
- Ningbo Jewin Electrical Appliances (China)
- Aqua Clara International (U.S.)
- Alpine Coolers (U.S.)
- Ningbo Lamo Drinking Water Equipment Co. Ltd., (China)
- Bibo (China)
- Glug Glug Glug (U.K.)
- Arctic Coolers (Switzerland)
- AquAid Franchising Limited (U.K.)
- BRITA (Germany)
- Vista France (France)
- Sure International (UAE)
- Mt. Fuji Springs Inc., (Japan)
- Aimex Australia (Australia)
- Royalsovereign, Inc. (U.S.)
- Alfred Kärcher SE & Co. KG (Germany)
SKU-