Global Smart Water Cooler Market Overview:
Smart water coolers are the device that dispenses water at a hot and cool temperature. The smart water cooler exhibits with technology that equipped with apps control and retrofitting. It consists of highly advanced flow-through heating solution that saves considerable energy. Further, increasing demand from the developing countries owing to growth in the water filtration and purification with technology based owing to increasing application of Smart water coolers as energy efficient that expected to drive the demand for smart water cooler over the forecasted period. The increased adoption of thermoelectric cooling and innovations of smart water coolers for crystal clear water is expected to drive the demand for smart water coolers over the forecasted period.
- Increase Demand of Smart Water Cooler For Dispenses of Hot Water And Cold Water.
- Value Oriented Customer Owing The Smart Water Cooler.
- Rising temperature leads to boost the smart water cooler market.
- Technological advancements leads to propel the smart water cooler market
- Excessive Consumption of Electricity Leads to Hamper the Smart Water Cooler Market.
- Frequent Replacement of Components And Additional Expenses Degrade the Smart Water Cooler Market.
- Growing Adoption of Smart Water Cooler Leads to Boost the Smart Water Cooler Market.
- Rising Awareness About Health And Hygiene Among Consumers.
- Supply of Electricity at All Times Are Anticipated the Challenge the Market.
- Regular Maintenance Required For Dispensers.
Some of the key players profiled in the report are Waterlogic International (United Kingdom), Midea (China), Honeywell (United States), Culligan (United States), Champ (Germany), Oasis (United States), Primo (United States), Whirlpool (United States), Haier (China), Lamo (United States) and Qinyuan (China). Additionally, following companies can also be profiled that are part of our coverage like Aqua Clara (United States), Panasonic Corporation (Japan), LG (South Korea) and 3M (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Smart Water Cooler market by 2024. Considering Market by Capacity, the sub-segment i.e. Less than 10 liter will boost the Smart Water Cooler market. Considering Market by Operation, the sub-segment i.e. Top Loading will boost the Smart Water Cooler market.
In January 2018, Office Watercoolers Ltd announced to acquired Smart Water Coolers Ltd which trades under the name of Glug Glug Glug that beneficial in providing outstanding products and service levels in United Kingdom.
In November 2018, Elkay announced to launched an innovative new beverage dispensar known as smartwell which is beneficial in providing fully integrated and intelligent system service such as refill technology and full internet connectivity and promoting healthier choices.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Water Cooler market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Water Cooler market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Smart Water Cooler Manufacturers, Smart Water Cooler Traders, End-Use Market Participants of Different Segments of Smart Water Cooler, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.