Skip to main content

Boom Predicted in U.K. E-Cigarette Market in Future

In 2018, the U.K. e-cigarette market attained a valuation of $2.0 billion and is now predicted to advance at a CAGR of 19.6% between 2019 and 2024. According to P&S Intelligence, a market research firm based in India, the market would generate a revenue of $6,486.5 million by 2024. The increasing sales of vaping devices, the reducing popularity of tobacco smoking, and rapid advancements in e-cigarettes are the key factors driving the market advancement.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/uk-e-cigarette-market/report-sample

Rapid innovations and advancements being made in e-cigarette technology are massively pushing up the demand for e-cigarettes. Many tobacco producing companies are rapidly focusing on novel technologies to gain an edge over their rivals. Several leading tobacco producers are developing innovative products that could help them expand their footprint. For example, Japan Tobacco Inc. developed two new tobacco capsule flavors Pianissimo Aria Menthol and Pianissimo Pineapple Peach Yellow Cooler for the Ploom TECH brand in March 2019.

The falling popularity of tobacco and cigarette smoking in the country because of the ballooning public awareness of the harmful effects of tobacco consumption is another important factor driving the expansion of the U.K. e-cigarette market. Based on product, the market is divided into t-vapor, vape mod, vaporizer, and cig-a-like. Out of these, the vape mod category is predicted to register huge growth in the market in the coming years.

This market research report provides a comprehensive overview of the U.K. e-cigarette market
  • Historical and the present size of the U.K. e-cigarette market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Huge Growth Expected in Japan Heat Stress Monitor Market in Future

In the last 100 years, the average annual temperature of Japan has risen by a whole degree (Celsius), says the World Wildlife Fund. Moreover, the number of hot days, when the maximum temperature is more than 35 °C, is higher now than before, while the cold has become less extreme. Even the instances and duration of snowfall and the extent of ice in the southern part of the Sea of Okhotsk are reducing.  With such rampant global warming, the Japanese population is suffering more than ever because it is simply not used to such hot conditions. Moreover, by 2050, the annual mean temperature in the country is set to rise by 3 °C and, further, by 5 °C by 2080. According to P&S Intelligence, due to such climate change, the Japanese heat stress monitor market , which valued $1.98 million in 2020, is expected to reach $3.96 million by 2030, at a 7.05% CAGR between 2021 and 2030.  This is because the changing weather conditions are leading to the rising number of heat stroke cases, ...
Post a Comment
Read more