Why is the United States an Attractive Market for Cannabis Vaporizer?

Why is the United States an Attractive Market for Cannabis Vaporizer?

Temperature-controlled cannabis vaporizers are set to enable higher growth of the market over the long run. These new temperature-controlled cannabis vaporizers allow consumers to set the preferred temperature, which is a much sought-after feature. Temperature-controlled vaporizers also solve the problem of burning in dry herbs. Since cannabis extracts and oils are relatively expensive, people are opting for temperature-controlled cannabis vaporizers to minimize wastage and increase efficiency. Moreover, the market share for dry herbs was around 64% in 2020, which is only going to increase, as it’s the cheapest mode of vaping.

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As per Fact.MR’s latest industry analysis, the global cannabis vaporizer market is anticipated to expand 3.5X its value over the next ten years.

cannabis vaporizer market heating method

Key Segments Covered

  • By Product Type
    • Portable/Handheld Cannabis Vaporizers
    • Table Top Cannabis Vaporizers

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  • By Ingredient
    • Cannabis Dry Herb Vaporizers
    • Cannabis Oil Vaporizers
      • Butane Hash Oil (BHO)
      • CO2 Oil
      • Rick Simpson Oil (RSO)
      • Others
      • Cannabis Wax Vaporizers
      • Shatter Wax
      • Honeycomb Wax
      • Others
  • By Heating Method
    • Convection Cannabis Vaporizers
    • Conduction Cannabis Vaporizers
    • Induction Cannabis Vaporizers

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Fragmented High Potential Market: Competition Tuning Factor

Key manufacturers of cannabis vaporizers across the world that have been detailed in the report are PAX Labs, Inc., STORZ & BICKEL GmbH & Co. KG, Arizer, Apollo Vaporizers Inc., KandyPens, Inc., SLANG Worldwide Inc., DaVinci, Ghost Herbal Concepts Ltd., Grenco Science, and Boundless Technology LLC. The global market is fragmented in nature, with thousands of players positioned across the regions of North America and Europe.

Growing demand for cannabis vaporizers has made the market valuation grow considerably over the past half-decade of 2016 to 2020. Despite market fragmentation, high potential of the product has attracted new players across regions into the market.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/10/1928118/0/en/East-Asia-to-Account-for-Nearly-Half-the-Global-Sales-in-the-Shaped-Liquid-Cartons-Market-Finds-Fact-MR-Study.html

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