Press release
Point Of Use (POU) Water Coolers Market share, Market trends, and forecasts from 2024 to 2031.
Market Overview and Report CoverageA Point of Use (POU) Water Cooler is a type of water dispenser that is directly connected to a water supply, providing filtered and purified water for drinking. This eliminates the need for traditional bottled water coolers, making it a more sustainable and cost-effective solution for homes and offices.
The Point Of Use (POU) Water Coolers Market is expected to experience significant growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 9.60% during the forecasted period. This growth can be attributed to increasing awareness about the benefits of consuming clean and purified water, as well as the rising demand for eco-friendly and cost-efficient water cooler solutions.
Furthermore, advancements in technology have led to the development of more efficient and user-friendly POU water coolers, making them a popular choice among consumers. The market is also benefiting from the growing concern over plastic waste and environmental sustainability, driving the demand for greener alternatives like POU water coolers.
Overall, the future outlook for the Point Of Use (POU) Water Coolers Market is bright, with strong growth potential driven by changing consumer preferences and increasing emphasis on sustainability.
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Market Segmentation
The Point Of Use (POU) Water Coolers Market Analysis by types is segmented into:
• Freestanding
• Tabletop
• Others
Point Of Use (POU) Water Coolers come in different types to cater to various preferences and needs. Freestanding water coolers are larger units that stand on their own and can hold larger quantities of water. Tabletop water coolers are more compact and can be placed on a table or countertop for easy access. Other types of POU water coolers include under sink units or wall-mounted units, providing even more flexibility in installation options. Each type of POU water cooler offers unique benefits and features to suit different environments and requirements.
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The Point Of Use (POU) Water Coolers Market Industry Research by Application is segmented into:
• Commercial
• Household
Point Of Use (POU) water coolers are popular in both commercial and household markets. In the commercial sector, POU water coolers are commonly used in offices, health care facilities, schools, and public spaces to provide employees and customers with convenient access to clean and cold drinking water. In the household market, POU water coolers are being increasingly adopted by consumers looking for a cost-effective and sustainable alternative to traditional bottled water coolers. These systems are installed directly to the existing water supply, eliminating the need for bottled water delivery and storage.
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In terms of Region, the Point Of Use (POU) Water Coolers Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Point Of Use (POU) Water Coolers market?
Some emerging trends in the global Point Of Use (POU) water coolers market include the increasing adoption of advanced filtration technologies to provide cleaner and safer drinking water, the growing demand for eco-friendly and sustainable water solutions to reduce plastic waste, and the rising popularity of smart water coolers that offer features such as temperature control and monitoring capabilities. Additionally, there is a shift towards modular and compact designs to cater to smaller spaces and a focus on enhancing user experience through user-friendly interfaces and connectivity options. These trends are expected to drive innovation and growth in the POU water coolers market.
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Major Market Players
Waterlogic is a leading player in the competitive POU water coolers market. The company was founded in 1992 and has since grown to become one of the largest suppliers of POU water coolers worldwide. Waterlogic focuses on providing innovative and sustainable water cooler solutions for both residential and commercial customers.
Culligan is another prominent player in the POU water coolers market, with a history dating back to 1936. The company has a strong presence in the market and offers a wide range of water treatment products, including POU water coolers. Culligan is known for its quality products and excellent customer service.
Oasis is a well-established company in the POU water coolers market, with over 100 years of experience in the industry. The company offers a variety of water cooler solutions, including bottleless POU water coolers. Oasis has a strong market presence and is known for its reliable and durable products.
In terms of market growth and size, the global POU water coolers market is expected to witness significant growth in the coming years. Rapid urbanization and increasing awareness about the importance of clean drinking water are driving the demand for POU water coolers. As a result, key players in the market, such as Waterlogic, Culligan, and Oasis, are expected to see a rise in sales revenue.
Waterlogic reported sales revenue of $450.8 million in 2020, while Culligan reported sales revenue of $918 million in the same year. Oasis reported sales revenue of $310 million in 2020. These figures reflect the market dominance and financial strength of these companies in the POU water coolers market.
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Contact Us:
Name: Mahesh Patel
Phone: +1 507 500 7209
Email: sales@reportprime.com
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