Infrared Heaters Market Report Overview
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The global infrared heaters market size was USD 378.3 million in 2022 and is projected to touch USD 497.98 million by 2031, exhibiting a CAGR of 3.1% during the forecast period.
An infrared heater, often known as a heat lamp, is a body with a higher temperature that transmits energy to a body by electromagnetic radiation at a lower temperature. The peak of the infrared radiation has a wavelength that varies from 780 nm to 1 mm depending on the temperature of the emitting body. The transfer of energy between the two bodies might occur without any contact or intermediary. Both atmosphere and vacuum can be used to run infrared heaters.
COVID-19 Impact: Lockdown Restrictions to Impede Market Progress
The global COVID-19 pandemic has been unprecedented and staggering, with infrared heater experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to infrared heaters market growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic, which is to blame for the global lockdown, stopped the production of a number of items in the infrared heater industry. This limited the market's expansion for infrared heaters in 2020 and 2021, and a similar pattern might be observed in the first half of 2022. The U.S., Germany, Italy, the U.K., and China, which are adversely impacted by the spread of the coronavirus, were formerly noted as having the highest demand for farm infrared heaters. This demand has since decreased. In addition, the lockdown's possible long-term effects are now unknown, and enterprises' ability to recover financially depends entirely on their capital holdings. Manufacturers of agricultural infrared heaters can only afford a lockout for a few months before the players must change their investment strategies.
LATEST TRENDS
"Increasing Demand from Agriculture Sector to Foster Market Growth"
The infrared heaters market for agriculture is expanding significantly and is predicted to continue to do so in the coming years. An infrared heater known as an "agriculture infrared heater" is one that is made especially for heating greenhouses, pastures, and animal shelters. Infrared heaters warm nearby bodies by emitting infrared radiation. Their main function is to keep the objects around them warm. In this heater, thermal energy is transmitted via electromagnetic waves in the infrared region directly to a body at a predetermined temperature while the surrounding air is left unheated. The heat that is released is not always dry.
Infrared Heaters Market Segmentation
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- By Type
Based on type; the market is divided into Wall-Mounted/Fixed, and Desktop/Portable.
- By Application
Based on the application; the market is divided into Outdoor and Indoor.
DRIVING FACTORS
"Increasing Demand from Various Applications to Foster Market Growth"
Infrared heaters can be used in agriculture to warm the soil and plants, doing away with the need for greenhouses and preventing the formation of frost. This function of the agricultural infrared heater reduces plant rot and boosts the agricultural field's productivity. Further, any seasonal crop can be grown at any time of the year by maintaining diverse temperature ranges. These heaters are used in animal shelters to keep the temperature comfortable for the animals. Additionally, infrared heaters for agriculture can run on electricity or fossil fuels like kerosene, gas, and others. Additionally, leading players in the agriculture infrared heater sector use cutting-edge technology to improve product efficiency and heating capacity to keep up with competition.
"Increasing Adoption in Animal Husbandry to Promote Growth"
Agribusiness is the occupation of around 40% of the world's population, and farmers are eager to use agro infrared heater to raise crop output and acquire the freedom to produce an off-season crop, which is driving up the market for these heaters. The demand for agricultural products is anticipated to rise as a result of this trend. Animal husbandry is another industry that makes use of farm infrared heaters. This industry needs these heaters to keep its animals warm during the cold months, and recently, this industry has witnessed consistent growth, increasing the demand for agriculture infrared heaters. However, one of the issues limiting infrared heaters market growth is the high installation and maintenance costs of some types of infrared heaters.
RESTRAINING FACTORS
"Side Effects to Hamper Market Growth"
Infrared heaters start working the moment they turn on, but they also discontinue radiating warmth immediately they are turned off. Since the air in the room is not really warmed, the room will lose heat instantly. Moreover, the coils of infrared heaters get enormously boiling so they can be hazardous to use nearby kids and animals.
Infrared Heaters Market Regional Insights
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"North America to Dominate Market Owing to New Product Development "
North America holds the largest part of the global infrared heaters market share. Important market participants introduced new items with enhanced features to enhance overall functionality. For instance, in November 2019, Heatstar AG and ILFORD, Chore-Time, a producer of farm infrared heaters, joined to supply JET and COMFORTER Radiant Tube Heaters for increased performance and greater heating efficiency in chicken buildings. The product has improved the range of goods available in the US and Canada.
KEY INDUSTRY PLAYERS
"Market Players to Boost Market Growth"
The report delivers information about the list of infrared heaters market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Jarden Consumer Solutions (U.S.)
- Twin-Star (U.S.)
- Edenpure (U.S.)
- Schwank (Canada)
- Tansun (U.K.)
- Honeywell (U.S.)
- IR Energy (Canada)
- Dr Infrared Heater (China)
- Lifesmart (China)
- Midea (China)
- Infralia (Belgium)
- Airmate (U.S.)
- Solamagic (Germany)
- FRICO (Sweden)
- Thermablaster (U.S.)
- Singfun (China)
- Gree (China)
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 378.3 Million in 2021 |
Market Size Value By |
US$ 497.98 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the infrared heaters market expected to touch by 2031?
The global infrared heater market is expected to reach USD 497.98 million by 2031.
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What CAGR is the infrared heaters market expected to exhibit by 2031?
The infrared heaters market is expected to exhibit a CAGR of 3.1% by 2031.
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Which are the driving factors of the infrared heaters market?
Drivers of this infrared heaters market are increasing demand from the various applications and increasing adoption in animal husbandry.
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Which are the top companies operating in the infrared heaters market?
Jarden Consumer Solutions, Twin-Star, Edenpure, Schwank, Tansun, Honeywell, IR Energy, Dr Infrared Heater, Lifesmart, Midea, Infralia, Airmate, Solamagic, FRICO, Thermablaster, Singfun, Gree are key companies operating in the infrared heaters market.