A water cooler is another term for a water dispenser (if it is used for cooling only). It’s a mechanism that delivers cold and hot water through a refrigeration unit. The market is growing because of features such as ease of use and installation, low maintenance costs, and mobility. The worldwide water dispenser business is expanding as a result of several causes, including increased levels of groundwater pollution, rising demand for clean drinking water, increasing industrialization and urbanization, and the depletion of natural water resources, to name a few. These factors are likely to propel the water dispenser market forward and create several possibilities in the next years. The need for water dispensers has decreased as a result of the COVID-19 outbreak, as there were no necessities from the industrial, commercial and residential sectors. The production of water dispensers has been reduced due to a temporary halt in operations in the industrial sector.
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COVID-19 Impact Analysis
- There was a negative effect on the water dispensers market due to the COVID-19 pandemic. During the lockdown, demand for water dispensers fell owing to a lack of demand from the industrial, commercial, and residential sectors, since all operations were halted.
- The cost of raw materials has grown as a result of the limited availability of raw resources, forcing manufacturers to raise the price of the finished product.
- Disruption in the distribution channel was an important cause as the final product couldn’t reach the stores; the delivery of finished products to the dedicated stores was not possible. Consumers had no option to order from the specialized stores, whereas online purchases couldn’t support the installation service.
Top Impacting Factors
- The drinking water market is expanding globally, which is causing the market for water dispensers to expand. The increased use of water dispensers in commercial areas, which fuels their use in all business divisions, pushes the global market for water dispensers. The features of portable size, availability of water dispensers in a range of kinds and costs that cover a broad range of consumers, ease of use, cleanliness and hygiene are the selling points of this product that are driving the market expansion of water dispensers.
- One of the key reasons inhibiting the market’s growth is the high maintenance cost of these water dispensers. Water filters are typically expensive to replace since they need to be changed and serviced every four to six months. Furthermore, several commercial and industrial end-users acquire low-cost water dispensers, which help them to cut down the expenses. Furthermore, the growth of the water dispensers market is limited by a lack of knowledge regarding the detrimental effects of bacteria and viruses contained in water on human health.
Market Trends
Global demand for commercial water dispensers is increasing
Clean water is one of the most important demands and concerns for many commercial and business establishments. As a result, in recent years, the market for water dispensers has exploded. Furthermore, due to tight requirements to ensure employee or employees’ health on the job sites, clean water supply in commercial areas is always in demand. There is also a restricted supply of water in commercial locations, resulting in high demand for bottled water dispensers aimed primarily at commercial areas. Water dispensers can be used in a variety of commercial settings, including corporate offices, educational institutions, entertainment areas, retail malls, public transportation locations, and institutions.
The availability of energy-efficient water dispensers is becoming more widely known
The need for energy-efficient water dispensers is on the rise. In 2018, Q&C water coolers, for example, released an energy-efficient dispenser with smart hot and cold choices that is projected to save 95 per cent of energy. Water dispensers account for about 5.69 per cent of total power usage for all domestic appliances, according to the National Taipei University of Nursing and Health Sciences. As customers become more conscious of energy-efficient household appliances, manufacturers engage in R&D to lower the percentage of water dispensers and satisfy the need for energy efficiency. Furthermore, numerous government programmers to preserve energy is expected to drive demand for and manufacture of energy-efficient water dispensers in the global market in the future years.
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Key Benefits of the Report
- This study presents the analytical depiction of the water dispenser industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the water dispenser market share.
- The current market is quantitatively analyzed to highlight the growth scenario of the water dispenser market.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
- The report provides a detailed water dispenser market analysis on the basis of competitive intensity and how the competition will take shape in coming years
Questions Answered in the Water Dispenser Market Research Report
- Which are the leading players active in the water dispenser market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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Reasons To Buy This Water Dispenser Market Report:
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