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.
Sensible 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 good bottle market. Additionally, the growing demand for health trackers, fitness center accent and so forth has enticed the event of good water bottle with wi-fi expertise that’s boosting the good water bottle business. Moreover, the rising consciousness for ample water consumption amongst individuals of various age teams is anticipated to propel the good water bottle market progress in the course of the forecast interval.
- North America dominates the good water bottle market owing to growing rise in adoption of good 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 position within the growth of cellular purposes that provides info to good water bottle customers concerning their hydration degree and intervals of water consumption.
- Rising variety of health lovers together with the usage of rising expertise for connecting good wearable units, and smartphones to the fitness center equipment to be able to monitor their efficiency and health exercise will develop into the foremost issue that may gas the expansion of the good water bottle market
- The key disadvantage is the battery lifetime of the good water bottle that hinders the expansion of the good water bottle market.
Drivers – Sensible Water Bottle Market
- Growing Well being Consciousness
The speedy altering way of life of the customers is resulting in growing consciousness in the direction of well being. The growing consciousness in the direction of well being by each youth and the grownup is resulting in the rising want for good water bottle market. Using good bottle as a fitness center accent can be thought to be the foremost driver that’s influencing the requirement of good bottle in fitness center and sports activities membership. Moreover, based on Worldwide Well being, Racquet, and Sports activities membership Affiliation (IHRSA), the worldwide well being business generated a income of $94 billion in 2018. As, the customers are persevering with to position excessive worth on well being and are extensively investing in golf equipment and providers for sustaining health will additional enhance the good water bottle market
- Introduction of Rising Expertise
The growing variety of health lovers is resulting in the elevated adoption of rising expertise comparable to the usage of wearable machine, health trackers, good bands, hydrating monitoring purposes and so forth. The introduction AI together with web of issues can be enjoying a key position in offering cellular apps that gives info to the good water bottle customers concerning their hydration degree. The good water bottle can connect with any cellular machine by 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 good water bottle market.
Challenges – Sensible Water Bottle Market
The excessive value of good water bottle is the foremost problem that has effects on the expansion of the market. As, good water bottle are in-built with sensor expertise and likewise consists of main technical capabilities comparable to details about the hydration degree to the person and are linked with cellular apps which results in the rise in value. Furthermore, the common battery lifetime of good water bottle is 6 months and considerably will get shortened resulting from alerts or time taken whereas connecting it to any cellular app that additional results in inaccuracy. Thus, the shortening of battery life can be thought to be the important thing issue that dampens the expansion of the good water bottle market.
Expertise launches, acquisitions and R&D actions are key methods adopted by gamers within the good water bottle market. In 2019, the market of good 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 good diet bottle. This new good diet bottle consists of three half programs comparable to a modern, good water bottle and flavorful and nutritious multi-serve FuelPods. Sensible diet bottle additionally consists of an app for monitoring each hydration and diet within the person. Thus, the launch of this new product will collect extra traction from the customers which can propel the good water bottle market.
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