- Smart bottles are technologically advanced bottles that have wireless communication capabilities for connecting to electronic devices, for instance, wearable or smartphones, and a simulated memory that can provide alerts via a sound system or display. Smart water bottles, also known as interactive water bottles, are used to update the hydration level in the human body. A smart water bottle has an electronic sheet which collects information, such as age and weight of the individual, in order to trace the amount of water intake and time, and alert the user to drink water before the body gets dehydrated, depending on the information collected by the bottle. The market for smart water bottles is expected to witness significant growth during the forecast period due to these factors.
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Key Drivers and Opportunities of the Global Smart Water Bottle Market
- Several factors such as rising disposable income and increasing awareness among users regarding maintaining the hydration level in the body are anticipated to drive the smart water bottle market during the forecast period. Growing awareness about health among people all over the globe is significantly driving the growth of the global smart water bottle market.
- Moreover, governments across the world are taking initiatives to decrease plastic waste production and promote the use of recyclable materials. Additionally, technological innovations in the field of machine learning and Internet of Things (IoT) have resulted in the emergence of mobile apps that give information to users regarding their daily required water intake and hydration levels. Smart water bottle have all these qualities, which is expected to drive the demand for these bottles during the forecast period.
- Smart water bottles are expensive due to the technologically advanced product, and are not affordable by the lower income and middle income category population. This is expected to be a restraining factor for the growth of the smart water bottle market during the forecast period.
Europe to Hold Major Share of the Global Smart Water Bottle Market
- In terms of region, the smart water bottle market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- The market in Europe is projected to hold major share of the global smart water bottle market. However, the Asia Pacific market is anticipated to expand at a rapid pace throughout the forecast period. This is attributable to the rising disposable income and increasing demand for technologically advanced products in developing economies such as India, China, and Brazil.
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Key Players Operating in the Global Smart Water Bottle Market are Listed Below:
- Drink-Up
- Ecomo Inc.
- Hidrate Inc.
- HydraCoach, Inc.
- Intelligi LLC
- Out of Galaxy, Inc.
- Ozmo, Inc.
- Shenzhen Moikit Network Technology Co., Ltd.
- Thermos LLC
- Trago, Inc.
