Global E-Cigarette Market Size, Share, Development, Growth and Demand Forecast to 2022 By P&S Market Research

The global E-cigarette market has gained significant attraction among tobacco smokers in recent years, owing to lesser health concerns related to it. E-cigarettes, also known as electronic cigarettes or vaporizers, are either electronic nicotine delivery systems (ENDS) or electronic non-nicotine delivery systems (ENNDS). The battery-operated device emits doses of vaporized nicotine when inhaled by the user. E-cigarettes create an aerosol, which is commonly termed as vapor that generally contains e-liquid. Usually, e-liquid is made up of nicotine, glycerin, glycol, propylene and some flavors, while some e-liquid only contains flavors known as non-nicotine liquid.
An alternative to traditional tobacco smoking, e-cigarette eliminates burning of tobacco and creation of smoke. When the user puffs an e-cigarette, the sensor gets activated which heats the element that vaporizes e-liquid, and provides a sensation similar to smoking tobacco. The composition of e-cigarettes that includes content of e-liquid, battery, heating sensors, atomizers and vapor technology, varies from manufacturer to manufacturer.
The global e-cigarette market is gaining interest of several people due to increase in population addicted to smoking and related tobacco products. Increasing health concerns are encouraging tobacco companies to invest heavily in production of alternatives to traditional tobacco smoking. E-cigarettes are less harmful than tobacco cigarettes, but there is uncertainty regarding its long-term effects on human health. 
The global e-cigarette (electronic cigarette) market is expected to witness a CAGR of 16.6% during the forecast period, to reach $27,670 million by 2022. Growing health awareness, advancement in electronic device technology, smoke & ash less vaping are some of the factors driving the growth of the global e-cigarette market. In addition, change in lifestyle, e-commerce and various mergers & acquisitions between e-cigarette providers are some trends observed in the global e-cigarette market. Based on product, the rechargeable e-cigarettes held the largest market globally during 2012 – 2015. The rechargeable e-cigarette with its growing demand and popularity is further expected to create opportunity for the market growth.
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