Smart water coolers are the devices that dispense water in a cool temperature. These coolers are connected to a supply of water. Besides this, it consists of two outlets, in which one of the outlets dispenses hot water and the other one dispenses cold. In addition to this, it has additional features such as water purification or filtration, additional dispenser for room temperature water as well as temperature control, LCD display, self-cleaning or app control features. While it utilizes compressor or thermoelectricity to cool the water. Apart from this, it is energy efficient along with environment-friendly in nature.
In terms of revenue, global smart water cooler market in 2018 stood at USD 489.78 million and is expected to reach USD XX million by 2026 growing at a CAGR of XX% from 2019 to 2026.
Some of the global major players operating in the smart water cooler market include: Smart Water, Inc., SIEMENS, Bevi, LG, 3M, Waterlogic International, Natural Choice Corporation, Honeywell, Haier, Whirlpool and Others.
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Drivers for the Global Smart Water Cooler Market:
The global smart water cooler market is fueling by various factors such as quick and easy availability of cold water anytime as well as the awareness of timely consumption of water for a better immunity act as drivers for this segment.
Opportunities for the Global Smart Water Cooler Market:
The increased purchasing power of the consumers along with the health concerns due to the rise in water pollution levels will act as an opportunity for an increase in the demand of the Smart Water Cooler Market.
Restrains for the Global Smart Water Cooler Market:
The excessive consumption of electricity is the restraint of this segment. In addition to this, the frequent replacement of components and its additional expenses are hampering the growth of the smart water cooler market.
Region Wise, Global Smart Water Cooler Market Analysis:
Region wise, global Smart Water Cooler market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global Smart Water Cooler market share which is followed by the Middle East and Africa and North America.
While the Asia Pacific leads the global Smart Water Cooler market as the purchasing power of consumers has increased in the developing countries of the Asia Pacific region.
Global Smart Water Cooler Market: Product analysis
Bottleless water coolers
Bottled water coolers
On the basis of type, Bottleless water coolers accounted for largest share of total revenue generated. Because it doesn’t require any loading or unloading of water bottles on the machine. Apart from this, these products are directly connected to the water pipelines and thus can be utilize anytime without the need for water bottles.
Global Smart Water Cooler Market: Application analysis
The demand of Global Smart Water Cooler Market is highest from Commercial due to the increasing demand of continuous clean water supply as well as the unavailability of direct water sources in several commercial buildings is fueling the product demand in this segment.
Global Smart Water Cooler Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
Browse the Smart Water Cooler Press Release and Latest News, Here: https://proficientmarket.com/press-release/1085/global-smart-water-cooler-market
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