Skip to main content

E-Cigarette Market Future Trends, Prominent Players, Covid 19 Impact and Forecast by 2030

The easy availability of e-cigarettes on multiple distribution channels will, therefore, help the e-cigarette market witness a CAGR of 9.2% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will surge from $15.7 billion in 2019 to $39.0 billion by 2030. In recent years, the acceptance of vaping devices has significantly increased due to the rising awareness regarding environmental and human health. 

With the growing public awareness, many governments have imposed a complete ban on smoking in several public spaces. Infused and heat-not-burn t-vapor, vape mod, rechargeable and disposable cig-a-like, and closed system and open tank vaporizer are the different types of e-cigarettes available for the male and female population of the world. In the preceding years, vaporizers were adopted in the highest quantity due to their low cost and dense aerosol production. 


Moreover, vaporizers can be used with a wide range of flavors, owing to which users prefer this vaping device over others. In the coming years, t-vapors will be consumed in enormous quantities due to their high resemblance to traditional cigarettes. Globally, the European region accounts for the largest share in the e-cigarette market, wherein the U.K., Russia, and France are the prominent revenue generators. 

The dominance of this region can be ascribed to the presence of a large number of smokers who plan to quit tobacco smoking. Whereas, North America is expected to exhibit rapid growth in the market in the coming years, due to the surging popularity of vaping products among the youth of the U.S. and reducing preference for tobacco smoking in the region.

Vape products available at the aforementioned distribution channels are manufactured by MCIG Inc., British American Tobacco plc, FIN Branding Group LLC, MadVapes LLC, Vapor Hub International Inc., Smoker Friendly International LLC, Mig Vapor LLC, Altria Group Inc., Turning Point Brands Inc., Totally Wicked E-Liquid Inc., Shenzhen Kanger Technology Co. Ltd., Japan Tobacco Inc., NJOY LLC, Shenzhen iSmoka Electronics Co. Ltd., and JUUL Labs Inc. These companies are currently focusing on product launches to lure more customers.

Thus, the increasing availability of vaping products and surging acceptance of vape devices will encourage more people to use e-cigarettes globally.
Labels:

Comments

Post a Comment

Popular posts from this blog

Power Electronics Market Analysis by Industry Segments, Share, Application, Development, Growing Demand, and Top Key Players

The expanding application pool of power electronics, the increasing utilization of renewable energy sources, and the rapid advancements in power electronics technology are the main factors driving the progress of the market across the globe. Additionally, the rising usage of power electronic devices in various utility applications and the growing demand for high power density in wind power generators, electric rail traction drives, solar power generators, and inverter systems are fueling the growth of the market. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/power-electronics-market/report-sample Power electronic devices make sure that power is supplied effectively, thereby providing high flexibility, reliability, and security to the power systems. Due to these devices, the already-existing electrical grids can be easily converted into next-generation networks. When end user is taken into consideration, the power electronics market is divided in...
Post a Comment
Read more

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Rapid Digitization Pushing Up Demand for Cyber Security Solutions

The rising prevalence of data breaches is one of the major factors fueling the demand for cyber security solutions across the world. Data breaches are mainly caused because of weak passwords, improper configuration, complex access permissions, and malware attacks. Moreover, the rising focus of companies on shifting their complete databases to cloud networks is augmenting the occurrence rate of data breaches.  This is making the adoption of cyber security solutions extremely necessary. These solutions help organizations prevent the unauthorized access to data and sensitive information, detect threats and vulnerabilities early, and detect and analyze cyber attacks in real-time. The surging usage of mobile phones is another important factor propelling the requirement for cyber security solutions across the globe.  Mobile devices equipped with advanced capabilities and features allow users to access the internet, emails, global positioning system (GPS) navigation, and various oth...
Post a Comment
Read more