The global smart bottles market is foreseen to be highly competitive and fragmented. The global smart bottle market is propelled by advancement in technology regarding the features of innovative products and connectivity. Key players operating in the global market, for example, Spiritz, Myhydrate, Thermos LLC, and Adheretech Inc., every one of them in 2016, held below 5% of the total revenue produced by the market all over the globe

According to a recent report published by Transparency Market Research (TMR), the global market for smart bottles is expected to expand at a CAGR of 14.3% during the forecast period from 2016 to 2024. In 2016, the market was valued around US$88.8 mn. This figure is likely to reach around worth of US258.8 mn before end of forecast period.

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Among the major factors driving the demand for smart bottles all over the world, are rise in awareness regarding the entire body fitness and healthcare in the people in almost all regions, around the globe. Moreover, rise in number of tech-savvy consumers and increase in willingness to spend more for the premium and advanced products.

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With the abilities for example, reminding consumers regarding the drinking water after a certain interval, and analyzing between several levels of body hydration in the people are some of the factors, are attracting customers and contributing in the surge in demand for global smart bottle market in forthcoming years.