Global Li-ion battery Market for E-cigarette 2015-2019
About Li-ion Battery for E-cigarettes
E-cigarettes are devices powered by Li-ion batteries that are filled with e-liquid (nicotine). E-cigarettes consist of an e-vaping device, a personal vaporizer, or an e-nicotine delivery system. The battery is used to heat up the e-liquid through atomizers (heating coils), which vaporizes the liquid. This is inhaled, and the process is called vaping. The e-liquids used in e-cigarettes are available in different flavors such as pink bubble gum, menthol, watermelon, and peach. The batteries used in e-cigarettes are typically box MODs of 18650 series.
Technavio's analysts forecast the global Li-ion battery market for e-cigarettes to grow at a CAGR of 39.5% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global Li-ion battery market for e-cigarettes for the period 2015-2019. The market has been segmented on the basis of demand type and geography.
Technavio's report, Global Li-ion Battery Market for E-cigarettes 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Global Li-ion Battery Market for E-cigarettes and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Li-ion Battery Market for E-cigarette 2015-2019
Technavio recognizes the following companies as the key players in the Global Li-ion Battery Market for E-cigarette: EVE Energy, LG Chem, Panasonic, Samsung SDI, Shenzen FEST Technology, Shenzhen Mxjo Technology, Sony and Vapor Hub International
Commenting on the report, an analyst from Technavio’s team said: “The global e-cigarette market has many opportunities for M&A transactions by large vendors. Several vendors are enhancing their market presence and market potential through these activities. As well, many vendors are expected to acquire small and domestic suppliers during the forecast period to boost their market shares, which will help them enhance distribution channels and improve market reach. We expect the rising instances of M&A to help vendors expand their customer base and expand market revenues during the forecast period.”
According to the report, rechargeable e-cigarettes are the best choice for end-users, as they provide better performance at a lower cost over time and offer various flavor options. Rechargeable e-cigarettes offer a wide range of pre-filled replacement cartridges and e-liquids. These devices also allow users to switch flavors or change nicotine levels during the cigarette's life span, due to the longer replacement time of Li-ion batteries. Hence, the rising popularity of rechargeable e-cigarettes is driving global demand.
Further, the report states that concerns associated with E-cigarettes are limiting the adoption of e-cigarettes, thereby impacting the use of Li-ion batteries for e-cigarettes.
EVE Energy, LG Chem, Panasonic, Samsung SDI, Shenzen FEST Technology, Shenzhen Mxjo Technology, Sony, Vapor Hub International