Business Scope

• 1．The market size continues to grow: With the continuous improvement of the consumption level of domestic residents, people are increasingly concerned about the health and safety of drinking water, and the market demand for drinking water dispensers continues to grow as a convenient and hygienic drinking water equipment. According to the "2024-2029 China water dispenser industry development prospects and in-depth research and analysis Report" written by the research Institute, China's online retail sales of water dispensers in 2023 reached 12.56 million units, an increase of 3%; Retail sales reached 5.1 billion yuan, up 9 percent year on year. This data shows that the water dispenser industry is in a stage of steady growth.
• 2．Changes in product type and structure: The water dispenser market presents a variety of product types, mainly including barrel machines (ordinary machines), tea bar machines, pipeline machines, etc. Among them, the tea bar machine is welcomed by consumers with the advantages of its lower type bucket and avoiding thousands of boiling water, and the market proportion is rapidly increased, and the barrel installation market is quickly replaced. According to the data, the tea bar machine accounted for 48.4% of the water dispenser market, becoming the mainstream product in the market. Pipeline machine and ordinary machine accounted for 18.5% and 18.9%, respectively.
• 3．The intelligent trend is obvious: In recent years, intelligence has become a new trend in the development of the water dispenser industry. Products such as smart water dispensers and smart water purifiers are becoming increasingly popular, improving user experience by adding functions such as intelligent control, voice recognition, and remote control. At the same time, enterprises are also constantly innovating and developing more efficient, energy-saving and environmentally friendly filtration technology to meet consumers' pursuit of high quality life.
• 4．Complete industrial chain and fierce competition: China's water dispenser industry has formed a relatively complete industrial chain, the upstream including plastic, stainless steel, copper, electronic components and other raw material suppliers, the middle stream is the water dispenser manufacturers, the downstream is the sales channels and after-sales service and other links. The market competition is fierce, there are many domestic and foreign brands, product homogenization is serious, and the price war is fierce. However, this has also prompted companies to continuously improve product quality and service levels to win market share.
• 5．Diversified market demand: With the increasing attention of consumers to the quality and health of drinking water, the market demand for drinking water machines has shown a diversified trend. Different scenes, different people need different types of water dispenser products. For example, in the household field, direct drinking water equipment has become an important choice to improve the quality of life; In public places such as schools, hospitals, office buildings, etc., direct drinking water equipment has become an important facility to ensure drinking water safety.