Press release
Water Cooler Market 2023-2028: Report by Growth, Industry Trends, Size and Forecast
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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.
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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Water Cooler Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global water cooler market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• AB Electrolux
• Avalon Water Coolers
• Honeywell International Inc.
• Primo Water Corporation
• Rockwell Industries Limited
• Blue Star Limited
• Breville Group Limited
• Brio Water Technology Inc.
• Clover Co. Ltd.
• Voltas Limited (Tata Group)
• Waterlogic Plc
• Whirlpool Corporation.
Key Market Segmentation:
The report has segmented the global water cooler market based on product type, distribution channel, application and region.
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 Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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City: Brooklyn
State: NY
Country: United States
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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