Smart Water Bottle Market To Be Fueled By Hydration Tracking Application Segment During the Forecast Period
Increasing
health consciousness and escalation of new technology are the leading factors
driving The Global Smart Water Bottle Market during the forecasted period.
According to
TechSci Research report, “Smart Water Bottle Market – Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”. The Global Smart Water Bottle
Market is anticipated to project robust growth in the forecast period due to rising
health awareness, increasing internet penetration, increasing standard of
living and increasing affordability. Using smart connected technology is a
prominent trend anticipated to affect new product launches throughout the
projected period.
Smart water bottles that are
connected to cellphones provide data about water usage. Most goods in the
market will have a few sensors that count the ounces of liquid consumed. These
sensors may be positioned on the cap, at the bottom, or inside the bottle's
cover. By attracting customers for drinking water and offering light-up
notifications that remind users to sip, the ideal smart water bottle improves
health. Other water bottles are "smart" because they have
self-cleaning UV technology, Bluetooth speakers, and ports for other electronic
devices.
The smart water bottle is
made up of different materials like metal, polymer, glass, steel, etc. Various types
of hydration tracking applications are there to track the water consumption. Due
to the rise in fitness lovers, more people are using exercise monitors, smart
bands, hydration tracking applications, and other emerging technology.
About 26,000 metric tons of
plastic garbage are produced daily in India. But new innovative techniques are
being developed for reusing it rather than dumping it. Since the early 2000s,
India has been experimenting with plastic highways to turn its annoying trash
problem into a smooth, durable gateway to the future. Government initiatives
like India's "Swachh Bharat Abhiyan," which aims to cut down on
plastic trash production and encourage the use of reusable materials, are
becoming more popular. Hence, smart water bottles can be substitutes of plastic
bottles which generally produce tons of waste.
The demand for smart
bottles created to help users keep track of their water consumption is being
fueled by the growing awareness of the various health problems experienced by
people of all ages because of dehydration, which results in fuzzy thinking,
changes in mood, an increase in body heat, and other health complications. Market
competitors are putting an emphasis on offering new designs and features to
give users a premium experience at reasonable prices to expand their footprint.
In addition, businesses are implementing eco-friendly manufacturing techniques
for smart water bottles in accordance with regional governments' guidelines. The
market players for smart water bottles are also being helped using recycled
metals and polymers, which are a significant replacement for plastic and heavy
metals, to expand their product offerings.
Browse over xx market data
Figures spread through xx Pages and an in-depth TOC on the "Global Smart Water Bottle Market.".
The Smart Water Bottle market
is segmented based on type, component, and by distribution channel. Based on
type, the market is segmented into metal, polymer, and others (glass, steel,
etc.). The market is further divided into Inbuilt, hardware and hydration
tracking application based on component. Based on distribution channels, the
market is fragmented into hypermarkets/ supermarkets, multi-branded, exclusive
stores, online, and others (direct sales and distributor/dealers etc.). Based
on region, the market is segmented into North America, Asia-Pacific, Europe,
Middle East & Africa and South America.
Key market players in the Smart
Water Bottle market include:
- Hidrate Inc
- Ecomo Inc.
- LifeFuels
- Koninklijke
Philips N.V.
- UBO-Technologies,
LLC (CrazyCap)
- TYLT Inc.
- LARQ
- Thermos L.L.C.
- SDI
Technologies Inc. (Aquio)
- Monos Travel
Ltd
Smart water bottles can
determine how much water a person needs to drink each day based on their age,
height, weight, and other parameters, through the integration of sensor
technology. Mobile apps notify users of their daily water requirements and
hydration levels developed, as a result of technology advancements in the fields
of machine learning and the Internet of Things (IoT). Based on the user's physique and level
of activity, it can calculate and modify a customized hydration target for them.
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"Using smart connected
water bottles which are connected via Wi-Fi and Bluetooth is a significant
trend expected to impact growth over the forecasted period. Increasing health
awareness, increasing penetration of smartphone and internet, and increasing
standard of living are the leading factors that will positively impact the Smart
Water Bottle market. Due to the wide range of products available to meet the specific
needs of customers and the growing popularity of the internet channel, the
market is growing.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Smart Water Bottle Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented
By Type (Metal,
Polymer and Others (Glass, Steel etc.)), By Component (Inbuilt, Hardware and
Hydration Tracking Application), By Distribution Channel (Hypermarkets/
Supermarkets, Multi-Branded, Exclusive Stores, Online, Others (Direct Sales and
Distributor/Dealers etc.)), By Region, Competition, has
evaluated the future growth potential of Smart Water Bottle products and provides statistics and information on market structure,
size, share, and future growth. The report is intended 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 present in Smart Water Bottle
products globally.
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