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Type: PDF
Status: Syndicate
Categories: Semi Conductor & Electronics
Report Code : SE23
No. of Pages : 150
Pest control devices are also referred as electronic pest control devices, which are designed to repel or eradicate pests utilizing high frequency electromagnetic or ultrasonic sound waves. These devices are harmless and do not cause any harm to the environment, opposite to other toxic pesticides. Pest control devices avoid animals, birds, and insects from entering houses and buildings and eliminates from home. The global consumer goods industry is expanding, as well as emerging nations, has obtained momentum in its overall scenario.
The global pest control devicesmarket in 2023 was approximately USD 21.9 Billion. The market is expected to grow at a CAGR of 4.95% and is anticipated to reach around USD 27.5 Billion by 2030.The global market for pest control devices is expected to witness moderate growth in the coming years owing to the various market driving factors, which are projected to enhance the overall supply chain of the market. Few of the driving factors are growing urbanization, increasing demand for pest control devices among end users and rising awareness related to health and hygiene. Besides that, the easy availability of alternatives will impede the market growth.
The market for pest control devices is intensely competitive and is highly fragmented. The vendors in the pest control devices market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their products. In addition, the market is expected to be highly competitive over the years with increased number of new players.
The major players in the market are Bell & Howell, Viatek Consumer Products Group, Inc., Leaven Enterprise Co., Ltd, MASER ELECTRONICS (P) Ltd., Woodstream Corp and Others.
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