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.
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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.
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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