Dublin, Oct. 15, 2020 (GLOBE NEWSWIRE) — The “Smart Water Bottle Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 – 2025” report has been added to ResearchAndMarkets.com’s providing.
Good Water Bottle Market dimension is forecast to succeed in $28.5 million by 2025, after rising at a CAGR of 17.26% throughout 2020-2025.
The rising well being consciousness amongst youth and adults and the rising acknowledgment concerning the hydration tech is enhancing the sensible bottle market. Additionally, the growing demand for health trackers, gymnasium accent and so forth has enticed the event of sensible water bottle with wi-fi expertise that’s boosting the sensible water bottle trade. Moreover, the rising consciousness for ample water consumption amongst individuals of various age teams is anticipated to propel the sensible water bottle market development in the course of the forecast interval.
- North America dominates the sensible water bottle market owing to growing rise in adoption of sensible wearable expertise and rising consciousness for more healthy water consumption habits amongst youth and adults
- The introduction of synthetic intelligence and the Web of Issues (IoT) can be enjoying a key function within the improvement of cell functions that gives info to sensible water bottle customers relating to their hydration degree and intervals of water consumption.
- Rising variety of health fanatics together with the usage of rising expertise for connecting sensible wearable gadgets, and smartphones to the gymnasium equipment with the intention to observe their efficiency and health exercise will develop into the main issue that may gasoline the expansion of the sensible water bottle market
- The most important disadvantage is the battery lifetime of the sensible water bottle that hinders the expansion of the sensible water bottle market.
Drivers – Good Water Bottle Market
- Rising Well being Consciousness
The speedy altering life-style of the shoppers is resulting in growing consciousness in direction of well being. The growing consciousness in direction of well being by each youth and the grownup is resulting in the rising want for sensible water bottle market. Using sensible bottle as a gymnasium accent can be considered the main driver that’s influencing the requirement of sensible bottle in gymnasium and sports activities membership. Moreover, in keeping with Worldwide Well being, Racquet, and Sports activities membership Affiliation (IHRSA), the worldwide well being trade generated a income of $94 billion in 2018. As, the shoppers are persevering with to position excessive worth on well being and are broadly investing in golf equipment and providers for sustaining health will additional increase the sensible water bottle market
- Introduction of Rising Expertise
The growing variety of health fanatics is resulting in the elevated adoption of rising expertise akin to the usage of wearable machine, health trackers, sensible bands, hydrating monitoring functions and so forth. The introduction AI together with web of issues can be enjoying a key function in offering cell apps that gives info to the sensible water bottle customers relating to their hydration degree. The sensible water bottle can connect with any cell machine by way of Bluetooth or web and is well accessible from any location. Moreover, the usage of sensor expertise can be extremely gaining traction and can additional drive the sensible water bottle market.
Challenges – Good Water Bottle Market
The excessive price of sensible water bottle is the main problem that has effects on the expansion of the market. As, sensible water bottle are in-built with sensor expertise and likewise consists of main technical capabilities akin to details about the hydration degree to the consumer and are related with cell apps which ends up in the rise in price. Furthermore, the typical battery lifetime of sensible water bottle is 6 months and considerably will get shortened as a consequence of alerts or time taken whereas connecting it to any cell app that additional results in inaccuracy. Thus, the shortening of battery life can be considered the important thing issue that dampens the expansion of the sensible water bottle market.
Expertise launches, acquisitions and R&D actions are key methods adopted by gamers within the sensible water bottle market. In 2019, the market of sensible water bottle has been consolidated by the highest ten gamers – Adheretech Inc., Thermos L.L.C., Hidrate Inc., Caktus, Inc., Ecomo, Groking Lab Restricted, Hydracoach, Inc., Moikit, Open-2, LLC, and Lifefuels, Inc.
- In September 2019, Lifefuels, a beverage expertise firm introduced the launch of sensible diet bottle. This new sensible diet bottle consists of three half methods akin to a modern, sensible water bottle and flavorful and nutritious multi-serve FuelPods. Good diet bottle additionally consists of an app for monitoring each hydration and diet within the consumer. Thus, the launch of this new product will collect extra traction from the customers which is able to propel the sensible water bottle market.
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