Smart water coolers are devices that dispense water at a cool temperature. These coolers are connected to a supply of water and have an outlet for cold water. Smart water coolers often have two outlets, wherein one dispenses hot water and the other cold. Smart water coolers also have additional in-built features such as water purification or filtration and additional dispenser for room temperature water. They majorly utilize electricity as a source of energy. Demand for water coolers or water dispensers is increasing owing to the lack of availability of clean and pure water and rising awareness about health and hygiene among consumers. Therefore, the global smart water cooler market is expanding at a considerable pace.

The global smart water cooler market is driven by various factors such as quick and easy availability of cold water at any time of the day and due to the rising temperature, which increase the demand for cold water. Other factors driving the market include awareness of timely consumption of water for a better immune system and desire for clear skin. Moreover, these systems keep the water distilled and clean due to the attached filtration and covered water storage.

However, excessive consumption of electricity is a restraint for the smart water coolers market. Furthermore, the frequent replacement of components and its additional expense also hampers the market. Therefore, manufacturers of smart water coolers focus on developing products that consume less electricity, are easily of portable, and can purify water easily.

The global smart water cooler market has been segmented based on product type, capacity, operation, application, distribution channel, and region. Based on product type, the smart water cooler market can be divided into bottled coolers and bottle-less water coolers. In terms of capacity, the market can be classified into less than 10 liter, 10-20 liters, and above 20 liters. Based on operation, the smart water cooler market can be bifurcated into top loading and bottom loading. In terms of application, the market has been split into residential and commercial. The commercial segment is further split into restaurants & hotels, schools & offices and other public places such as malls and community centers.

Based on distribution channel, the market can be divided into online and offline. The offline segment can be further bifurcated into hypermarkets and supermarkets, independent retailers, convenience stores, and department stores. The offline segment holds a prominent share, in terms of revenue, of the smart water cooler market. The online segment is also bifurcated into direct sales and third-party sales. In terms of region, the global smart water cooler market can be segmented into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). The schools & offices sub-segment is expected to hold a major share of the commercial segment of the smart water cooler market during the forecast period, owing to the high activities of children and more time spent in schools, resulting in the higher consumption of water.

Key players operating in the global smart water cooler market include Waterlogic USA Inc, Whirlpool, Blue Star Limited, Voltas Inc., Atlantis, Haier Inc, Honeywell International, Culligan,American Micronic Instruments (India) Private Limited, Kent RO systems Ltd., FilterWater, and Weiku. Players operating in the smart water cooler market are estimated to take advantage of the rising demand for purified water in the near future, due to the rising consciousness about health among consumers. Key players are launching new products that incorporate long-lasting and low-cost components. Additionally, they focus on manufacturing sustainable products in order to reduce the consumption of energy. Improving economic conditions are likely to boost the overall smart water cooler market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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