Conduction Vaporizers Market: Overview
As marijuana becoming increasing popular across the globe, the demand for its consumption also grows for medical and recreational purposes. The growing demand for marijuana consumption also creates opportunity for devices by which marijuana can be consumed. Earlier marijuana smoking had been a long trend across the world however growing consumer’s awareness on marijuana effects has led the users to shift towards alternative solutions such as marijuana conduction vaporizers. A growing trend of preferential shift from smoking marijuana to vaping has pushed the sales for marijuana vaporizers. Marijuana vaping is considered as the latest trend in the cannabis industry which accelerates the demand for conduction vaporizers in the market. Conduction vaporizers are considered as less harmful or nontoxic which gives an edge over marijuana smoking. Moreover, usage of conduction vaporizers give stronger effect than marijuana smoking which is considered the prime factor for consumer’s switch to vaporizes over marijuana smoking.
Conduction vaporizers are the electronic devices that generate the active compounds of plant material or extracts inserted into it. The growing trend of vaping has encouraged the sales of both vaporizers such as conduction and convection. However, conduction vaporizers are considered as the popular choice among marijuana consumers owing to its low price, simplicity, and quick heating capability.
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Conduction Vaporizers Market: Market Dynamics
The growing demand for marijuana is increasing, but a change in consumption pattern has been seen in the recent past. In 2017, marijuana flower had accounted as the highest consumable category (~50%) followed by concentrates in the US which are easy to consume by conduction vaporizers. However, it is expected to decline in the future due to the growing preference for concentrates, which can be consumed in different ways, and also considered more potent than flowers. Worldwide cultivation of marijuana flowers will see a modest growth in upcoming days which will encourage the sales of conduction vaporizers. Vaping of marijuana is considered as the latest trend in cannabis industry. Conduction vaporizers are widely used and most preferred method of vaping among consumers. Conduction vaporizers are used for both cases – medicinal and recreational purpose. At present, manufacturers are coming up with innovative products such as smart vaporizers. Smart vaporizers offer temperature control setting, vibration notification, and instant heating. App based vaporizers are new in the market but gaining traction among of users owing to the temperature control feature through apps.
Legalization of marijuana for medical usage by governments is further anticipated to boost the conduction Vaporizers market. Demand for recreational marijuana has seen a positive swing in recent past. A major change on marijuana consumption has been noticed. Marijuana consumers prefer to buy vaping products as compared to smoking. Conduction vaporizers are considered less toxic as compared to smoking marijuana. Vaping also offers a strong effect than smoking marijuana which gives a thrust to the sales of conduction vaporizers. The conduction vaporizers are the most popular one as compared to its counterpart. Conduction vaporizes are equipped with temperature control system of heated cannabis which gives smooth and flavorful strong effect. Desire for strong effect has led the conduction vaporizers market forward. The change was first noticed in Colorado. Thereafter, conduction vaporizers adoption or usage have been recorded from Colorado to California to Oregon.
Medicinal usage of marijuana is expected to encourage the cannabis market which further in result will boost the sales of conduction vaporizers. Many countries have already legalized medical usage of marijuana such as U.S., Canada etc. The growing acceptance and demand from consumer’s side propels the cannabis market worldwide which is resulting in the sales of conduction vaporizers in the market. However, strict regulations have restricts the market growth. Medicinal usage of marijuana is still to emerge in many countries. THC and CBD are the two cannabinoids from marijuana plant that are of medical interest. The FDA has approved a CBD-based liquid medication named Epidiolex for treating two forms of severe childhood epilepsy, Lennox-Gastaut syndrome and Dravet syndrome. The medicinal properties will lead to various opportunities of marijuana in the untapped market which can furthermore help the legalization of marijuana or cannabis industry in idle countries. Even other than medicinal usage, people are opting marijuana vaporizer as it is much more safer than smoking.
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Conduction Vaporizers Market: Market Segmentation
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Conduction Vaporizers Market: Regional Outlook
The conduction vaporizers are gaining traction owing to high consumption of recreational marijuana and growing trend of vaping across the world. Medicinal usage of marijuana are legal in most of the countries. Growing demand for legalization of recreational marijuana will push the vaporizers market forward. The need for conduction vaporizers is primarily derived from developed countries such as North America and Europe. Canada has already legalized the recreational use of marijuana which will again boost the sales of conduction vaporizers. Due to legalization of medical marijuana, Asia Pacific is expected to see a decent growth during the forecast however regulation restriction will limits the growth of conduction vaporizers in many regions. Oceania is expected to boost the conduction vaporizers market owing to higher demand for recreational marijuana. Latin America is also expected to gain a significant market share while Middle East and Africa (MEA) is expected to grow slower than other regions due to regulatory restrictions.
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Conduction Vaporizers Market: Key Players
The global conduction vaporizers market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on innovation and new product development. Some of the key players in conduction vaporizers market are STORZ & BICKEL GmbH, Ghost Vapes Inc., SLANG Worldwide Inc., DaVinci, PAX Labs Inc., Vapium Inc., Boundless Technology and others.