kiransable07E-Cigarette Market is poised to grow substantially till 2026

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E-Cigarette Market May Exceed 9 Billion USD by
2026 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• E-Cigarette Market Scenario

• E-cigarette market forecast report predicts that
  automatic e-cigarettes will experience huge
  demand in the near future. Increased popularity
  of automatic e-cigarettes stems from their longer
  battery life, affordability, and automatic
  activation of the heating element to provide a
  realistic experience to smokers. Besides, unlike
  manual e-cigarettes, automatic e-cigarettes do
  not require to press and hold a button while
  inhaling.
• Persistent efforts of people to quit smoking and
  a continuous upsurge in cigarette prices are
  likely to drive e-cigarette market growth in the
  ensuing years. E-cigarettes have gained massive
  popularity as a smoking cessation modality in the
  past few years. As per a research conducted by
  the New England Journal of Medicine (NEJM), about
  18 of smokers stopped smoking after one year of
  switching to e-cigarette.
• Governments of various countries have been
  introducing smoking cessation campaigns to
  increase awareness about the risks associated
  with smoking cigarettes, which will significantly
  impel e-cigarette industry demand.

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Regional Analysis of E-Cigarette Market

• According to the U.S. National Academies of
  Sciences, Engineering, and Medicine, usage of
  e-cigarette lessens the exposure to toxic
  substances as compared to traditional cigarettes.
  
• Consumers in Europe are extensively adopting
  e-cigarettes, majorly in in countries, such as
  Germany, the U.K., and France, which will
  proliferate Europe e-cigarette market growth over
  the coming years.
• According to the Groupe Xerfi, in 2017, around
  1.2 million people were recorded to use
  e-cigarettes on a daily basis. Also, several
  e-cigarette industry players are present in the
  region, who are continuously striving to develop
  innovative products.

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• Application Analysis of E-Cigarette Market
• Rechargeable e-cigarettes are likely to gain
  traction due to their satisfying taste, ease of
  use for smokers, and the complete premium smoking
  experience provided by them. Rechargeable devices
  consist of a USB cable, a wall adapter, and a
  special carrying case. Users can refill desired
  liquid with flavors, such as tobacco, blueberry,
  menthol, kiwi, cheery, and mango. These
  e-cigarettes can be smoked for a longer time by
  filling up the e-liquid and are available at
  economical prices, which is likely to augment
  e-cigarette industry share.

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Competitive Market Share of E-Cigarette Market

• Some globally present leading business
  participants include Imperial Brands PLC, British
  American Tobacco (BAT), Turning Point Brands
  Inc., JUUL Labs, Inc., Japan Tobacco, Inc., MCIG
  Inc., Philip Morris International, Reynolds
  American Inc., and Nicotek, LLC. E-cigarette
  firms such as British American Tobacco PLC (BAT)
  and Imperial Brands PLC have been outlaying heavy
  amounts to on research and development activities
  and to encourage smokers to use e-cigarettes
• For example, in December 2018, BAT rolled out
  Vype iSwitch to pull the interest of traditional
  smokers towards vaping. Vype iSwitch is a closed
  system vaping device with a micro-engineered
  stainless-steel blade and ultra-slim body.

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