Growing awareness among consumers regarding the importance of clean drinking water is expected to drive India water cooler market through 2024
According to TechSci Research report, “India Water Cooler Market By Product Type, By Application, By Distribution Channel, Competition, Forecast & Opportunities, 2024”, India water cooler market is expected to grow at a steady CAGR of around 7% during the forecast period owing to the rising number of convenience and specialty stores and e-commerce channel. Additionally, factors such as increasing per capita spending of consumers and growing advancements in water treatment facility are further fueling growth of the market during forecast period. However, excessive consumption of electricity can hamper the growth of India water cooler market during forecast period. Also, frequent replacement of components and associated additional expenses are further expected to restrict the growth of market.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “ India Water Cooler Market”
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India water cooler market is segmented based on product type, application, distribution channel, region and company. Based on product type, the market can be divided into bottled water cooler and point-of-use water cooler. The point-of-use (POU) water coolers are expected to witness significant growth during forecast period attributable to their low cost and eco-friendly positioning.
Usha India Limited, Blue Star Limited, Voltas Limited, Rohini Enterprises and others are some of the leading players operating in India water cooler market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“India water cooler market is expected to register steady growth during the forecast period owing to ever-increasing need for sanitary, technological & product innovations and clean water purifying system. Additionally, rise in the sales of packaged water bottles due to deteriorating water quality in some regions is further expected to boost the market during forecast period. Furthermore, growing number of regional manufacturers on account of the presence of a wide consumer base and demand is likely to contribute to the growth of India water coolers market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Water Cooler Market By Product Type, By Application, By Distribution Channel, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India water cooler market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India water cooler market.
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