According to Technavio’s latest market research study, the global electronic insect killer market is expected to grow at a CAGR of close to 7% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global electronic insect killer market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
Source: Technavio
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The top three revenue contributing product segments are discussed below
Global electronic insect killer market by indoor insect killers: A majority of the demand for indoor insect killers stems from the residential and commercial sectors. The growth of the global commercial sector, the upsurge in demand from supermarkets and hypermarkets, and the rising demand for frozen food packets are factors that will drive the global market for indoor insect killers during the forecast period.
“Many leading players in the market understand the value of product innovation and are increasing their R&D activities as a strategy to increase their market shares globally,” says Abhay Sinha, a lead analyst at Technavio.
Global electronic insect killer market by lanterns: Lanterns are used primarily in the lawns and gardens of the residential sectors. The growth of the global market for gardening, especially in the US, during the forecast period is anticipated to reflect positively on the global demand for lantern electronic insect killers.
Global electronic insect killer market by rackets: Rackets are mainly used by the residential sector to do away with insects and mosquitoes. The global market for rackets is projected to experience substantial growth during the forecast period, fueled by demand from the developing economies due to low product price compared to the other segments.
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The top vendors operating in the global electronic insect killer market are:
- Aspectek
- Flowtron Outdoor Products
- Kaz
- Koolatron
Other prominent vendors in the market include CISTWIN Solar technology, Foshan Greenyellow Electric Technology, Sandalwood, Woodstream, and Vermatik International.
A more detailed analysis is available in the Technavio report titled, ‘Global Electronic Insect Killer Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Mosquito Repellent Market 2017-2021
- Global Household Insecticide Market 2016-2020
- Global Home Outdoor Pest Control Devices Market 2016-2020
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