The Asia Pacific Water Cooler Market would witness market growth of 12.7% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1458.70 Thousand Units, showcasing a growth of 14.1% (2020-2023).
Supermarkets and hypermarkets are accessible retail channels that offer a variety of these coolers, from bottled to bottleless models, for immediate purchase. These stores cater to consumers looking for convenient access to these coolers for home or small business use. Offering side-by-side product comparisons, supermarkets allow customers to evaluate different models and features, making informed decisions on-site. Thus, the Supermarkets and hypermarkets segment in China market consumed 181.59 Thousand Units in 2023.
The China market dominated the Asia Pacific Water Cooler Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $185.2 million by 2031. The Japan market is registering a CAGR of 12% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 13.7% during (2024 - 2031).
Corporate and educational sectors have traditionally been the largest adopters of these coolers. However, a growing trend of adoption in healthcare and public sectors is spurred by the need to provide accessible and safe drinking water in these environments. The residential segment is also expanding, driven by consumer awareness of clean and readily available drinking water benefits. There is a noticeable shift towards eco-friendly and sustainable these cooler solutions.
These coolers' uses extend beyond simple hydration. They are integrated into various aspects of daily life and organizational operations. The most obvious use is to provide a consistent and reliable source of drinking water. Proper hydration is essential for maintaining overall health, supporting physical and cognitive performance, and preventing dehydration-related issues.
As rural China gains better access to piped water, the demand for modern water solutions, including these coolers, is rising. These coolers are already popular in urban areas and commonly used in homes, offices, and public spaces. With rural areas having access to cleaner water, households are likelier to adopt these coolers to ensure safe and convenient hydration, leading to a significant market opportunity for manufacturers. The Government of India’s commitment to providing piped water to every household by 2024 through the Jal Jeevan Mission has significantly impacted the growth of this market. This flagship initiative, announced by the Prime Minister in 2019, aims to ensure that every rural and urban household in India has access to a safe and sustainable water supply. In conclusion, improving water infrastructure in China and India drives the market’s growth.
Free Valuable Insights: The Global Water Cooler Market is Predict to reach USD 2.1 Billion by 2031, at a CAGR of 12.1%
Based on Application, the market is segmented into Commercial, and Residential. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Specialty Stores, Direct Distribution, and E-Commerce. Based on Product Type, the market is segmented into Bottleless Water Cooler, Bottled Water Cooler, and Top Load Water Cooler. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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