Dismantling e-waste creates reuse possibilities and reduces GHG emissions

The U.S. electronic goods recycling market size is expected to reach USD 15.23 billion by 2025. Factors such as rapid industrialization, increasing demand for automobiles and consumer electronics, and growing need to manage proper utilization of natural resources are expected to propel demand for electronic goods recycling over the forthcoming years.

According to the Institute of Scrap Recycling Industries (ISRI), approximately 4.5 million tons of electronic waste (e-waste) is recycled in the U.S. every year. Electronic goods recycling refers to the conversion of electronic scrap into the useful raw material. This helps maximize natural resources and minimize the harmful impact on the environment resulting from e-waste. Usage of electronic gadgets has grown considerably over the past decade or so, transforming the speed and quality of communication, information gathering, and entertainment. The U.S. government is supporting the recycling industry by donating used electronic products, which can be converted into valuable products.

Positive economic conditions in the U.S. are boosting consumer confidence and spending power. Rising consumer disposable income is creating significant potential for the electronics goods industry, subsequently impacting the growth of the e-waste recycling market. According to ISRI, the U.S. electronic recycling market has recorded tremendous growth over the past few years. It reached the valuation of about USD 20 billion in the last few decades and employs more than 45,000 employees in the industry.

Electric scrap is generated from computers, audio-visual components, stereo equipment, plastics from monitors, keyboards, printers, and computer wires, chips and other gold-plated components, VCRs, mobile phones, and other handheld devices. This electronic waste is utilized by manufacturing industries for producing new products and components. According to ISRI, the recycling industry transforms 130 million metric tons of obsolete scrap from businesses, consumers, and manufacturers. Electronic waste made from plastic, aluminum, copper, and iron can be recycled and re-used. Companies are focusing on maximizing their profit by recycling scrap from cheaper electronic goods.

Key vendors operating in the market include Ultimate Electronic Recycling Inc.; American Iron & Electronic Goods; Armco Electronic Goods Holdings, Inc.; Commercial Electronic Goods Company. The existence of many companies is projected to improve market revenue in the future. Moreover, increasing need for proper utilization of limited natural resources is expected to open up several opportunities for market players over the forthcoming years.

Companies functioning in the market are involved in collecting, processing, and recycling industry scrap and distributing it to various gadget-manufacturing companies. Key market players are concentrating on research and development activities to expand recycling process and reduce cost and time involved during reprocessing of electronic goods.

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Hexa Research has segmented the U.S. electronic goods recycling market report based on type and end-user:

Segmentation by Type, 2015 - 2025 (USD Billion)
    • Computer Systems
    • Televisions
    • Mobile Devices

Segmentation by End-User, 2015 - 2025 (USD Billion)
    • Metal Wholesalers and Reprocessors 
    • Electronic Goods Manufacturers
    • Others

Key players analyzed
    • Ultimate Electronic Recycling Inc.
    • Armco Electronic Goods Holdings, Inc.
    • American Iron & Electronic Goods
    • Commercial Electronic Goods Company
    • SIMS RECYCLING LTD

U.S. Battery Recycling Market Worth USD 1.36 Billion By 2025

The U.S. battery recycling market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications. Stringent regulations due to rising environmental concerns are driving the battery-recycling sector. Manufacturing of batteries results in high energy consumption and pollution due to CO2 emissions, which further affects the environment. Hence, the government has set up laws and regulations regarding manufacturing and disposal of batteries.

Significant lead emissions are reported annually, ranging from 5 kg to 12,250 kg. Excessive emissions can act as a threat to the recycling market. For instance, in 2015, the Exide technologies plant in Verona was shut down by the government owing to excessive pollution and contamination of the neighborhood, exposing the surroundings with toxic and harmful substances. It contributed to 3,400 pounds of lead emitted, causing air pollution and soil contamination.

New innovative techniques are being developed for sustainable ways to recycle batteries, which is also anticipated to boost market demand. Recently-developed battery recycling methods directly spit out the compound and can be used in new batteries right away. This process is expected to shorten the cost, complexity, and energy requirements of conventional recycling techniques. This factor is also anticipated to have a positive impact on market expansion over the next few years. A direct technology of structuring the cathode material being used by two major market players, Farasis Energy and OnTo Technologies, is also expected to spur the U.S. battery recycling market.

Furthermore, increasing demand for batteries from the automotive sector is driving the growth of lead-acid batteries as disposal of such batteries is illegal in most states. Thus, these batteries are returned to manufacturers through back-haul channels, reducing transportation expenses. The lead-acid battery is the dominant segment due to the simple process of recycling. Extracted components of these batteries can be readily used for manufacturing new ones. Automated technology for battery disassembly has also driven the lead-acid battery recycling segment over the past few years.

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Hexa Research has segmented the U.S. battery recycling market report based on product type and end-use:

Segmentation by product type, 2015 - 2025 (USD Billion)
    • Lead Acid
    • Lithium Ion
    • Nickel Batteries

Segmentation by end use, 2015 - 2025 (USD Billion)
    • Manufacturers
    • Wholesalers

Key players analyzed:
    • Call2Recycle, Inc.
    • Aqua Metals
    • Exide Technologies
    • Johnson Controls International Plc
    • EnerSys

Rising environmental awareness and uses of disposable batteries to boost growth

The U.S. battery recycling market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications. Stringent regulations due to rising environmental concerns are driving the battery-recycling sector. Manufacturing of batteries results in high energy consumption and pollution due to CO2 emissions, which further affects the environment. Hence, the government has set up laws and regulations regarding manufacturing and disposal of batteries.

Significant lead emissions are reported annually, ranging from 5 kg to 12,250 kg. Excessive emissions can act as a threat to the recycling market. For instance, in 2015, the Exide Technologies plant in Verona was shut down by the government owing to excessive pollution and contamination of the neighborhood, exposing the surroundings with toxic and harmful substances. It contributed to 3,400 pounds of lead emitted, causing air pollution and soil contamination.

New innovative techniques are being developed for sustainable ways to recycle batteries, which is also anticipated to boost market demand. Recently-developed battery recycling methods directly spit out the compound and can be used in new batteries right away. This process is expected to shorten the cost, complexity, and energy requirements of conventional recycling techniques. This factor is also anticipated to have a positive impact on market expansion over the next few years. The direct technology of structuring the cathode material being used by two major market players, Farasis Energy and OnTo Technologies, is also expected to spur the U.S. battery recycling market.

Furthermore, increasing demand for batteries from the automotive sector is driving the growth of lead-acid batteries as disposal of such batteries is illegal in most states. Thus, these batteries are returned to manufacturers through back-haul channels, reducing transportation expenses. A lead acid battery is a dominant segment due to a simple process of recycling. Extracted components of these batteries can be readily used for manufacturing new ones. Automated technology for battery disassembly has also driven the lead-acid battery recycling segment over the past few years.

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Hexa Research has segmented the U.S. battery recycling market report based on product type and end-use:

Segmentation by product type, 2015 - 2025 (USD Billion)

    • Lead Acid
    • Lithium Ion
    • Nickel Batteries

Segmentation by end use, 2015 - 2025 (USD Billion)

    • Manufacturers
    • Wholesalers

Key players analyzed:

    • Call2Recycle, Inc.
    • Aqua Metals
    • Exide Technologies
    • Johnson Controls International Plc
    • EnerSys

Dismantling e-waste creates reuse possibilities and reduces GHG emissions

The U.S. electronic goods recycling market size is expected to reach USD 15.23 billion by 2025. Factors such as rapid industrialization, increasing demand for automobiles and consumer electronics, and growing need to manage proper utilization of natural resources are expected to propel demand for electronic goods recycling over the forthcoming years.

According to the Institute of Scrap Recycling Industries (ISRI), approximately 4.5 million tons of electronic waste (e-waste) is recycled in the U.S. every year. Electronic goods recycling refers to the conversion of electronic scrap into the useful raw material. This helps maximize natural resources and minimize the harmful impact on the environment resulting from e-waste. Usage of electronic gadgets has grown considerably over the past decade or so, transforming the speed and quality of communication, information gathering, and entertainment. The U.S. government is supporting the recycling industry by donating used electronic products, which can be converted into valuable products.

Positive economic conditions in the U.S. are boosting consumer confidence and spending power. Rising consumer disposable income is creating significant potential for the electronics goods industry, subsequently impacting the growth of the e-waste recycling market. According to ISRI, the U.S. electronic recycling market has recorded tremendous growth over the past few years. It reached the valuation of about USD 20 billion in the last few decades and employs more than 45,000 employees in the industry.

Electric scrap is generated from computers, audio-visual components, stereo equipment, plastics from monitors, keyboards, printers, and computer wires, chips and other gold-plated components, VCRs, mobile phones, and other handheld devices. This electronic waste is utilized by manufacturing industries for producing new products and components. According to ISRI, the recycling industry transforms 130 million metric tons of obsolete scrap from businesses, consumers, and manufacturers. Electronic waste made from plastic, aluminum, copper, and iron can be recycled and re-used. Companies are focusing on maximizing their profit by recycling scrap from cheaper electronic goods.

Key vendors operating in the market include Ultimate Electronic Recycling Inc.; American Iron & Electronic Goods; Armco Electronic Goods Holdings, Inc.; Commercial Electronic Goods Company. The existence of many companies is projected to improve market revenue in the future. Moreover, increasing need for proper utilization of limited natural resources is expected to open up several opportunities for market players over the forthcoming years.

Companies functioning in the market are involved in collecting, processing, and recycling industry scrap and distributing it to various gadget-manufacturing companies. Key market players are concentrating on research and development activities to expand recycling process and reduce cost and time involved during reprocessing of electronic goods.

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Hexa Research has segmented the U.S. electronic goods recycling market report based on type and end-user:

Segmentation by Type, 2015 - 2025 (USD Billion)

    • Computer Systems
    • Televisions
    • Mobile Devices

Segmentation by End-User, 2015 - 2025 (USD Billion)

    • Metal Wholesalers and Reprocessors 
    • Electronic Goods Manufacturers
    • Others

Key players analyzed

    • Ultimate Electronic Recycling Inc.
    • Armco Electronic Goods Holdings, Inc.
    • American Iron & Electronic Goods

Rapid, high precision engraving & staining for durability and reduced damage

The global laser marking machine market size to reach USD 3.38 billion by 2024, driven by increasing adoption of laser systems in various industries to provide permanent embossing solutions in industries such as automobile, packaging and machine tools. The marking equipment industry witnessed notable change over the past two decades, and the trend is expected to continue with an increasing demand for marking systems.

Laser marking has always been an important factor in industrial activities, especially in automobiles and machine tools as they provide permanent alphanumerical details on the product in terms of brand name, batch number and other details. This engraving helps in identification and security of the products.

Asia Pacific boasts of one of the largest machine tool industry which is expected to drive the market at a CAGR of 8.3% over the forecast period. The growth of the automobile, packaging, and electronics manufacturing in emerging economies including China and India is expected to drive the regional market over the projected period.

New areas of applications such as personalized gifts are expected to boost the market growth. Furthermore, increasing demand for customized jewelry and leather products are expected to fuel the market for laser marking machines over the forecast period.

Fiber laser marking machine is expected to grow at a 6.6% CAGR owing to its increasing application in the plastic and automotive industry. Moreover, it is used for both commercials as well as industrial purposes.

In 2016, machine tool industry accounted for 30.7% of the overall market and is expected to witness above-average growth. Rising need for marking precise specifications on manufactured components for identification and sales purpose is projected to fuel the growth of the industry.

Government regulations for permanent marking as traceability are being implemented. For instance, U.S. Department of Defense has MIL-STD-130 standard practice for identification marking of U.S. military property. Moreover, FDA has implemented regulations to establish marking of unique device identification system for medical devices, where labeling is not sufficient.

Han’s Laser, Gravotech Marking, and Epilog Laser were the leading manufacturers in the global industry. In addition to the core machinery, these companies provide software solutions for using the marking machines which make them user-friendly. Increasing trend of the branding of products is expected to boost the market for laser marking machines.

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Hexa Research has segmented the global laser marking machine market based on product type, application and region:

Segmentation by Product Type, 2014 - 2024 (USD Million)
• CO2 Laser
• Fibre Laser
• Green Laser
• UV Laser
• YAG Laser

Segmentation by Application, 2014 - 2024 (USD Million)
• Automotive
• Aerospace
• Machine Tool
• Electronics & Microelectronics
• Medical
• Packaging
• Military
• Others

Segmentation by Region, 2014 - 2024 (USD Million)
• North America
    • U.S.
• Europe
    • Germany
    • UK
• Asia Pacific
    • China
    • India
• Central & South America
• Middle East & Africa

Rising production of chips and microchips to boost demand for silicon wafer

The global silicon wafer market size is estimated to reach USD 12.22 billion by 2024. The market is anticipated to witness significant growth during the forecast period due to the high demand for semiconductors in end products such as smartphones, tablets, and others. Increasing preference for compact, more powerful, and yet affordable devices results in escalating demand for silicon wafers during the forecast period. The increase in demand for consumer electronics such as TVs, refrigerators, and home theatres further supports the growth of the market over the coming years.

Global silicon wafer market is expected to grow at a value CAGR of around 7.0% from 2017 to 2024. The Asia Pacific accounted for the substantial market share in 2016. The growth of the market in the region is attributable to rising preference for technologically sophisticated electronic devices and gadgets. The Asia Pacific is followed by North America in terms of growth rate, which is majorly due to enhanced use of silicon wafers for manufacturing solar cells. The accelerating need for a reliable, clean and safe energy source in countries such as the U.S. and Canada are likely to increase the demand for a solar cell, resulting in growth of the market for silicon wafers as well.

Semiconductors find applications in various medical devices such as ultrasound scanners and ECG devices and this drives the market growth during the forecast period. Furthermore, increasing use of homecare devices such as glucose meters and blood pressure monitors is expected to positively impact the market growth. A requirement of lower power coupled with more inbuilt functions of semiconductors has made medical devices more portable and efficient.

Increasing installations of automated silicon wafer fabrication and transport systems by the manufacturers support their market sustainability. For instance, Siltronic AG employs automated ceiling-mounted transport systems (OHT systems) to transport the wafers from one operation point to next by the shortest route. It increases the productivity and freezes up space in the clean room. Research efforts by the market players coupled with increasing investments will intensify the demand for silicon wafers thereby supporting the market growth. For instance, Intel started 450MM manufacturing facility at Arizona, U.S.

Global silicon wafer market is marked by the mergers and acquisitions strategies. For instance, in December 2016, Taiwanese GlobalWafers acquired the US-based SunEdison SEMI in order to expand production capabilities and to get greater access to Korea and European countries. Additionally, GlobalWafers will get access to SOI product technologies of SunEdison SEMI.

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Hexa Research has segmented the global silicon wafer market report based on type, application, and region: 

Segmentation by Type, 2014 - 2024 (USD Billion) (Million Square Inches)

• 450MM
• 300MM
• 200MM
• <200MM

Segmentation by Application, 2014 - 2024 (USD Billion) (Million Square Inches)

• Computers
• Smartphones
• Automotive
• Consumer Electronics
• Industrial
• Others

Segmentation by Region, 2014 - 2024 (USD Billion) (Million Square Inches)

• North America
• Europe      
• Asia Pacific
• Rest of World

Key players analyzed

• SUMCO CORPORATION
• Siltronic AG
• Shin-Etsu Chemical Co
• SK SILTRON
• SunEdison Semiconductor, Ltd.
• Tokuyama Corporation
• NexWafe GmbH
• PV Crystalox plc 
• Okmetic
• Elkem AS

High-Brightness LED Market Size Worth USD 27.28 Billion By 2024

The global high-brightness LED market size to reach USD 27.28 billion by 2024 and is driven by the rise in the consumer need for resource efficient and low energy lighting solutions. The market was dominated by North America and the Asia Pacific together accounting for 62% of the revenue share in 2016.

High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more brightness to improve clarity is expected to augment the growth of the market over the projected period.

Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.

Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.

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Hexa Research has segmented the global high-brightness LED market based on application and region:

Segmentation by application, 2014 - 2024 (USD Million)
• Consumer Electronic
• General Lighting
• Automotive
• Signals and Signage

Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)

Key players analyzed:

• Lumileds Holding B.V.
• Epistar Corporation
• Cree, Inc.
• MORITEX Corporation
• Samsung Electronics

Rising cataract surgeries due to growing geriatric population will augur well for laser crystal market

The global laser crystal market is expected to reach USD 163.1 million by 2024, driven by rising adoption of several applications such as consumer electronics, manufacturing, healthcare, and defense. Augmenting utilization of crystals in cinematography, metrology, data storage, communications, displays, spectroscopy, microscopy, and for generation of electricity using high-power laser technologies are expected to drive the market growth.

The laser crystal market is projected to grow at a CAGR of 3% from 2017 to 2024. North America was the largest market in 2016 owing to the increasing use of laser systems primarily across defense and healthcare sectors.

Rising investment in security sector by the U.S.is anticipated fostering the growth of the market in North America. As per National Defense Authorization Act (NDAA), around USD 328 million will be spent on developing and procuring laser weapon in 2017, which increased to 51% compared to the previous year.

In medical, increasing adaptation of non-invasive surgical procedures such as kidney stone removal, spine surgery, and diabetic retinopathy is expected to augment the growth of the market. According to Laser Spine Institute, 400,000 people in the U.S. undergo spine surgery each year. Crystals are used in cosmetic laser surgical devices. In the area of cosmetics, lasers are used to remove pigmented birthmarks without a scar or change in texture.

Rising number of laser cataract surgeries is expected to drive the market growth during the forecast period. In the U.S., approximately 9,000 ophthalmologists perform cataract surgery regularly. In these surgeries, a laser is employed to access the cataract site and create a cut on the lens capsule.

Majority of the market players are focusing on investing in research and development to increase the efficiency of lasers. For Instance, in July 2015, Northrop Grumman's SYNOPTICS introduced new material titanium-doped sapphire (Ti: Sapphire) for short-pulsed laser devices. In addition, companies are adopting the strategy of merger & acquisition to expand product portfolio or to serve new markets. In June 2016, Scientific Materials Corp. acquired Armasight, Inc. to serve military markets and outdoor sporting.

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Hexa Research has segmented the global laser crystal market based on Type , Application and region:

Segmentation by Type, 2014 - 2024 (USD Million)

• Ti: Sapphire Laser Crystals
• Nd: YAG Laser Crystals
• Nd: YVO4 Laser Crystals
• Yb: KGW Laser Crystals
• Yb: KYW Laser Crystals

Segmentation by Application, 2014 - 2024 (USD Million)
• High-intensity laser platforms
• Optical components
• Healthcare
• Military 
• Others

Segmentation by Region, 2014 - 2024 (USD Million)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Central & South America

Key Players Analyzed
• Northrop Grumman Corporation
• Scientific Materials Corp.
• FEE GmbH
• Laser Materials Corporation
• Beijing Opto-Electronics Technology, Co. Ltd.

Electronic Waste Management ( E-waste) : Provides a Positive Effect on Nature by 2016-2024

E-Waste is one of the quickest growing waste streams in developing and developed regions. The diminished shelf-life of electrical, electronic and shopper electronic gadgets are creating extensive e-waste, which is becoming a major concern among various regions. The development of e-waste business sector is supplemented by the growing requirement for moving up to the most recent innovations. A desire towards the appropriation of new mechanically propelled gadgets and prompts create million tons of e-wastes in different regions

Fast innovation in technology and the need for replacement of electronic devices combined with the shift from conventional to computerized advancements have energized the worldwide e-waste business sector. New developments in technology, for example, a shift from bended to level screen TVs are likewise driving the worldwide electronic waste management market. Besides, the economies of scale have given customer preferences in term of costs, which has expanded the interest of numerous electronic items, for example, cellphones expanding the measure of e-waste. The expanding measure of e-waste each year will give an awesome chance to the electronic waste management market.

                                                     

Economic growth combined with industrialization, urbanization and mass production of electronic goods have led to price reduction, almost doubling the universal demand for products, which eventually turn into e-waste.

                                                           

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Reused e-waste is one of the green activities implemented to decrease the amount of waste and provides a positive effect on nature. To decrease the amount of e-waste, electronic waste management market activities are undertaken by the administration offices of different districts within India. Market players are taking measures to reuse the e-waste to diminish the contamination and natural dangers caused to human and nature.

This e-waste is then reused in developing areas, which produces income for the business sector. Principle purchasers of such waste includes metal recycler, plastic recycler, and glass recyclers, where clever materials, for example, metals, plastics, and glass are recouped.

The industry is segmented on the basis of material recovery and source type. By material recovery the e-waste market portioned on the premise of material recovery which incorporates metals, plastic, glass, and others including material recouped from PCBs, wood, and pottery. By source type, the e-waste market is divided on the basis of source type such as IT and telecommunications, stimulation and shopper hardware, and others including medicinal gear, toys, and lighting gear.

North America and Europe are exceptionally prone to environment contamination. Consequently these regions are expected to contribute most to the worldwide electronic waste management market.. The normal e-waste created by the U.S. in 2012 was assessed to be around 29 kg for every individual. The most minimal e-waste delivering nations were Haiti, which produced under 8,000 tons of waste in 2012, trailed by Afghanistan.

The major vendors in this market include Stena Technoworld AB, MBA Polymers, Sims Metal Management Ltd., Boliden AB, Aurubis AG, Electronic Recyclers International, Inc., Tetronics (International) Ltd., Umicore S.A., Enviro-Hub Holdings Ltd., and Global Electric Electronic Processing Inc.

Electronic Article Surveillance Systems Market Analysis and Forecast 2016 To 2024

Industry Insights

Electronic Article Surveillance (EAS) items incorporate EAS frameworks and EAS labels. An EAS tag is a security item utilized by retailers to avoid shoplifting in retail locations or pilferage of books from libraries. EAS labels are settled to stock or books and are expelled or deactivated by staff when the thing is purchased or looked at. EAS labels help in keeping robbery and shoplifting from stores, subsequently upgrading the operational proficiency and overall revenue of retailers. EAS frameworks utilize EAS innovation, which recognizes anything that goes through the gated range in a store. This ID is utilized to ready staff about any unapproved endeavor to take anything from a store.

EAS framework parts generally comprise of dispensable labels, reusable labels, advantage dissent labels, deactivates and detaches, and RFID labeling. The Global Electronic Article Surveillance Systems market has additionally been seeing the rising source labeling in the retail area. In any case, the restricted application regions of EAS frameworks could represent a test to the development of this business sector

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Given the considerable income misfortunes retailers encounter every year because of robbery, administrators in the area keep on relying on the Electronic Article Surveillance industry to secure their inventories. Additionally, the Electronic Article Surveillance industry depends intensely on interest from the retail part for its items, which, through an assortment of means, track retail things to battle burglary from clients and representatives. Thus, development in the business impeded amid the subsidence as downstream retail showcases confronted decreased customer spending.

The development of the Global EAS Systems business sector is prevented by some genuine difficulties. One of the real difficulties in the business sector is the high execution expense of EAS frameworks. EAS frameworks including EAS doors and labels use advances, for example, RFID, electromagnetic, acousto-attractive, and microwave, which require high forthright venture.

The major vendors in the Electronic Article Surveillance Systems market include Checkpoint Systems Inc., Tyco Retail Solutions,ALL-TAG Security Americas Inc.,Ketec Inc.,NedapNV,Sentry Technology Corp., TAG Co.

Rising awareness for eco-friendly smoking alternatives can boost E-cigarette Market

Industry Insights

The global e-cigarette market is set to reach USD 44.55 billion by 2024, driven by the rising consumer demand for resource competent vaping products.The growth for e-cigarette market is prominently being driven by growing health awareness and environment-friendly usage. Need for the alternative product as a result of rising taxes on traditional cigarettes (tobacco rolled) and its products has been one of the factors driving the growth of the electronic cigarette industry.

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Emerging factors such as increasing awareness about harmful effects of traditional cigarettes, improving lifestyle, and growing e-commerce business are expected to upsurge the growth of the market for the forecast period. In addition, various mergers and acquisitions are also expected to fuel the market growth. For instance, in 2012, a merger took placed between tobacco giant Lorillard and U.S.-based e-cigarette company Blue Ecigs, which helped them to roll out their own brands by leveraging the technology possessed by Blu Ecigs.

The e-cigarette vendors are introducing a variety of flavors which differs from menthol to the fusion of fruits and flavoring substances. These flavors are becoming a differentiator for vendors.

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The market for e-cigarettes in North America and Europe is projected to grow on account of increase in disposable incomes and smokers’ population in these regions. Asia Pacific market was valued at USD 946.2 million in 2016 and is expected to grow rapidly during the forecast period. The growth of the market in Asia Pacific region is subjected to factors such as product availability and increasing awareness regarding the ill-effects associated with traditional (tobacco rolled) cigarettes in countries such as India, Malaysia, and China.

Hexa Research has segmented the global e-cigarette market based on product and region:

Segmentation by product, 2014 - 2024 (USD Million)

• Disposables
• Rechargeable
• Modular

Segmentation by region, 2014 - 2024 (USD Million)

• North America
• Europe
• Asia Pacific
• ROW

Key players analyzed:

• Altria Group Inc.
• British American Tobacco Plc.
• Japan Tobacco Inc.
• Imperial Brands Plc.