LONDON--(EON: Enhanced Online News)--According to the latest market study released by Technavio, the global electronic insect killer market is expected to reach USD 234.80 million by 2021, growing at a CAGR of almost 7%.
This research report titled ‘Global Electronic Insect Killer Market 2017-2021’ provides an in-depth analysis of the market regarding revenue and emerging market trends. Also, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market. It also examines key emerging trends and their influence on current and future market scenarios.
The rapid spread of the diseases like West Nile virus and Zika virus across the globe over a period demonstrates the growing need for organized insect control devices. Insects are highly effective and deadly vectors that cause diseases in humans as well as animals. These insects spread communicable diseases like malaria, encephalitis, dengue fever, and, most recently, West Nile virus and Zika virus. The insect control activities are conducted for many reasons—economics, agricultural productivity, recreational enjoyment, and livestock health and safety.
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Technavio’s analysts categorize the global electronic insect killer market into three major segments by product. They are:
- Indoor insect killers
Global indoor electronic insect killers market
According to Abhay Sinha, a lead analyst from Technavio, “The indoor electronic insect killer market accounted for almost 48% share of the overall market. These large electronic insect killers are in major demand from the commercial sector compared with the residential sector. These indoor electronic insect killers attract insects via ultraviolet light at a faster rate as compared with the rest of the products.”
The low demand from the residential sector hinders the growth of the market. The fact that these indoor electronic insect killers attract insects and trap them, they tend to die and fall apart here and there, making it unhygienic.
Global electronic insect killer market by lanterns
The market for lanterns is used in the residential sector as well as the small convenience stores worldwide. Lanterns occupy 38.09% of the total market for electronic insect killer worldwide. “The lanterns are mostly used in the lawns and gardens of the residential sectors. These are small in sizes and more in demand as compared to the rackets in the market. The growth demand of gardening worldwide, with a major focus in the US, indicates the growth of the market for lanterns worldwide,” says Abhay.
Global electronic insect killer market by rackets
Rackets comprise of 14% of the total market for electronic insect killers. The residential sector mainly uses the rackets to do away with the insects and mosquitoes. The market for rackets is in its growing stage and is expected to be dominated by the demand from the developing economies due to low product price compared to the other segments.
The frequent charging requirements of the product hinder the market. The low coverage and success rates of killing the insect also prevent the demand for the product. The rackets make a sound when the insect is trapped and killed. The buzzing sound also affects the market for the product in the electronic insect killer market.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Aspectek (Milo Enterprise)
- Flowtron Outdoor Products (Armatron Company)
- Kaz (Helen of Troy)
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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