Water Cooler Market Size, Industry Share, Trends Analysis 2022-27

Market Overview 2022-2027:

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.

Industry Definition and Application:

Water coolers are electronic containers attached to a water supply that dispenses warm and cool water. They function on the vapor compression refrigeration cycle, consisting of a condenser, water filter, expansion valve, compressor, and evaporator. The high-pressure refrigerant is passed through a heat exchanger, which is compressed to convert the liquid into gas to provide cool or hot water. They also provide greater cooling capacity, help filter impurities, allow for higher component density, enhance power efficiency, and reduce costs. Nowadays, water coolers are available in varying types, including countertops, under-sink chillers, and bottled variants widely used in offices, colleges, hospitality, industrial and residential sectors.

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Market Trends:

The market is primarily driven by the extensive product applications across healthcare, commercial and public industries. In addition, the rising consumer awareness about the benefits of water coolers, such as portable, minimal maintenance costs, energy-efficient easy usage, and flexible water supply technology, is contributing to the market growth.

Moreover, the sudden outbreak of coronavirus disease (COVID -19) resulted in a shifting consumer preference toward health safety and wellness, representing another major growth-inducing factor. Besides this, the growing inclination toward online purchasing on account of the accessibility to a wide range of products, ease of delivery, and significant discounts are providing a thrust to the market growth.

Furthermore, extensive research and development (R&D) activities for advancement in water coolers and strategic collaborations between key players and manufacturers are creating a positive market outlook.

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Key Market Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:

Bottled Water Cooler
Bottle-less Water Cooler
Top Load Water Cooler

Breakup by Distribution Channel:

Offline
Online

Breakup by Application:

Commercial
Residential

Breakup by Geography:

North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

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
Whirlpool Corporation.

About Us:

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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