openPR Logo
Press release

Electronic Cigarette Market Expected to Reach $26,839 Million by 2023

04-23-2020 02:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Electronic Cigarette Market by Product Type, Flavor, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global electronic cigarette market was valued at $8,610 million in 2016, and is projected to reach $26,839 million by 2023, registering a CAGR of 17.4% from 2017 to 2023. In 2016, the modular product type accounted for more than half of the share in global market.

Download Sample Copy of Report@ https://www.alliedmarketresearch.com/request-sample/2427

An electronic cigarette is a handheld device that tries to create the feeling of tobacco smoking. It is a battery-operated device, which heats a liquid to generate an aerosol, commonly called a vapor, for the user to inhale. The liquid inside the electronic cigarette is usually made of nicotine, propylene glycol, glycerin, or other flavorings. There are different types of electronic cigarettes available in the market, which includes modular, rechargeable, and disposable.

Increase in awareness about harmful effects of conventional cigarettes, improving lifestyle and growing affluence, and growing technological developments by electronic cigarette manufacturers are the various driving factors, which is expected to propel the market growth from 2017 to 2023.

In 2016, modular electronic cigarette accounted for the largest share in the market and is expected to maintain its dominance during the forecast period. Modular electronic cigarette is the most popular among others as it can be refilled and allows the user to regulate the power delivered from the systems battery to the automizer.

Countries such as China and India consist of large smoking population, which look out for tobacco alternatives. Thus, untapped market in emerging economies may open new avenues for the manufacturers of electronic cigarette. Whereas, prohibition on sales, promotion, and distribution of electronic cigarette in various countries and implementation of strict legal framework hampers the market growth.

Send Me enquire@ https://www.alliedmarketresearch.com/purchase-enquiry/2427

Key findings of the Electronic Cigarette Market:
North America is expected to maintain its dominant position in the market during the forecast period, followed by Europe.
The tobacco flavor segment generated the highest revenue in 2016, and is projected to grow at a CAGR of 18.0% during the forecast period.
Online distribution channel is anticipated to grow at the highest CAGR of 18.1% from 2017 to 2023.
The U.S. accounted for more than two-fifths of the market share growing at a significant CAGR of 17.4%.
Asia-Pacific is expected to grow at a significant CAGR of 16.9% during the forecast period.
Asia-Pacific and LAMEA collectively contributed approximately one-fifth share of the global market in 2016.

The key players profiled in the report include Altria Group, British American Tobacco, Imperial Brands, International Vapor Group, Japan Tobacco, Nicotek Llc, Njoy Inc., Philip Morris International Inc., Reynolds American Inc., and Vmr Flavours Llc.

5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Cigarette Market Expected to Reach $26,839 Million by 2023 here

News-ID: 2022434 • Views: โ€ฆ

More Releases from Allied Market Research

Driving Innovation : Automotive Hypervisor Market to Hit $2.04 Billion by 2030, Fueled by a 31.9% CAGR
Driving Innovation : Automotive Hypervisor Market to Hit $2.04 Billion by 2030, โ€ฆ
According to a recent report published by Allied Market Research, titled, "Automotive Hypervisor Market by Vehicle Type, Type, Level of Automation and Vehicle Class: Global Opportunity Analysis and Industry Forecast, 2021-2030," ๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ก๐ฒ๐ฉ๐ž๐ซ๐ฏ๐ข๐ฌ๐จ๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ๐Ÿ‘๐Ÿ.๐Ÿ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ,๐ŸŽ๐Ÿ‘๐Ÿ•.๐Ÿ”๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ, ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ‘๐Ÿ.๐Ÿ—% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ. North America dominates the market in terms of revenue, followedโ€ฆ
Driving Off the Beaten Path : Utility Terrain Vehicle Market to Reach $1.8 Billion by 2032, With a 5.5% CAGR
Driving Off the Beaten Path : Utility Terrain Vehicle Market to Reach $1.8 Billi โ€ฆ
According to the report published by Allied Market Research, ๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฎ๐ญ๐ข๐ฅ๐ข๐ญ๐ฒ ๐ญ๐ž๐ซ๐ซ๐š๐ข๐ง ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ.๐Ÿ– ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ“.๐Ÿ“% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ A utility terrain vehicle (UTVs), also known as a utility task vehicle or side-by-side (SxS), is a specialized off-road vehicle designed for several utility and recreational purposes. UTVsโ€ฆ
Speaking Up : Automotive Voice Recognition System Market Set to Reach $14.7 Billion by 2032, Fueled by a 16.1% CAGR
Speaking Up : Automotive Voice Recognition System Market Set to Reach $14.7 Bill โ€ฆ
According to a new report published by Allied Market Research, titled, "Automotive Voice Recognition System Market," ๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ฏ๐จ๐ข๐œ๐ž ๐ซ๐ž๐œ๐จ๐ ๐ง๐ข๐ญ๐ข๐จ๐ง ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ‘.๐Ÿ’ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ๐Ÿ’.๐Ÿ• ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ”.๐Ÿ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. ๐…๐ฎ๐ญ๐ฎ๐ซ๐ข๐ฌ๐ญ๐ข๐œ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ Key trends impacting the automotive voice recognition system market: > ๐„๐ง๐ก๐š๐ง๐œ๐ž๐ ๐”๐ฌ๐ž๐ซ ๐„๐ง๐ ๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ - The automotive industry prioritizes user satisfaction,โ€ฆ
Electric Truck Market to Reach $3.86 Billion by 2030 with a 26.4% CAGR - Industry Report
Electric Truck Market to Reach $3.86 Billion by 2030 with a 26.4% CAGR - Industr โ€ฆ
Allied Market Research (AMR) has recently published a comprehensive report entitled "Electric Truck Market." According to a research report, ๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐ญ๐ซ๐ฎ๐œ๐ค ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ‘๐Ÿ—๐Ÿ.๐Ÿ‘ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ‘,๐Ÿ–๐Ÿ”๐Ÿ.๐Ÿ– ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ, ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ”.๐Ÿ’% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ. This research report provides a qualitative and quantitative analysis of recent technological developments, market dynamics, segmental analysis, regional analysis, key investmentโ€ฆ

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.โ€ฆ
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:โ€ฆ
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Researchโ€™sโ€ฆ
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be moreโ€ฆ
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the countryโ€™s baby diaperโ€™s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled โ€œBaby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012โ€ฆ
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices andโ€ฆ