Global Hot and Cold Water Dispensers Market 2018-2022
About Hot and Cold Water Dispensers
Hot and cold water dispensers are drinking water devices that can be used to dispense hot and cold water through separate hot and cold water levers. They are available in two types, namely bottled and plumbed-in (point of use (POU) or bottle less) hot and cold water dispensers.
Technavio’s analysts forecast the global hot and cold water dispensers market to grow at a CAGR of 8.79% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hot and cold water dispensers market for 2018-2022. To calculate the market size, the report considers the revenue generated through the retail sales of different types of hot and cold water dispensers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hot and Cold Water Dispensers Market 2018-2022
Technavio recognizes the following companies as the key players in the global hot and cold water dispensers market: Angel Springs, CELLI, Culligan, Haier, Honeywell International, and Voltas
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of energy-efficient hot and cold water dispensers. Electronic appliances, including hot and cold water dispensers, consume almost 50% of the total energy expended in a house or a commercial building. To control and minimize the high energy consumption, governments of various countries are encouraging market competitors and consumers to adopt energyefficient products that use smart grids. Therefore, the demand for energy-efficient electronic appliances, including hot and cold water dispensers, is increasing. For instance, Nano, a nextgeneration water dispenser from Q&C WATERCOOLERS, is an energy-efficient, compact and smart hot and cold water dispenser. It is said to use 95% less energy while heating water and consumes seven times less total energy as compared to average hot and cold water dispensers in the market.”
According to the report, one of the major drivers for this market is Easy access to hot and cold water to encourage higher consumption. The regular consumption of water has many benefits such as a better immune system and clear skin. Hot and cold water dispensers come in varieties such as countertop and freestanding, which can easily be kept in a room or office table. This gives individuals more access to water, encouraging them to drink regularly. Children tend to drink more water in school if water dispensers are installed in school canteens. Subsequently, a significant reduction in the risk of catching any disease or being overweight in future can be achieved with the consumption of water regularly.
Further, the report states that one of the major factors hindering the growth of this market is Low product replacement cycle. A replacement cycle refers to the frequency at which electronic items, including hot and cold water dispensers, are replaced. The lifecycle of most hot and cold water dispensers is high. Therefore, they are replaced after long periods. The replacement cycle of these products is low as they are good-quality products that can endure long use with minimum but regular maintenance.
Angel Springs, CELLI, Culligan, Haier, Honeywell International, and Voltas
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook