Patio Heaters Market Report Overview
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The global patio heaters market size is expected to be USD 522 million in 2022 and is projected to touch USD 634.3 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.
It is a burner mounted on a pole that burns propane, butane, or liquefied petroleum gas (LPG) and directs the flames at a perforated metal screen. Around the device, heat is emitted in a circular pattern from the screen's surface. The heat that would otherwise escape upwards is reflected by a reflector on top of the burner. This is so because the reflecting hood is typically silvered, which makes it excellent at reflecting back infrared radiation but inefficient at absorbing heat. As silvered surfaces do not absorb infrared light, the quantity of heat lost by conduction is reduced as a result. A patio heater is a radiant heating device that produces thermal radiation in outdoor environments. It is sometimes referred to as an umbrella heater or a mushroom heater. Patio heaters can be powered by electricity, propane, or natural gas.
COVID-19 Impact: The Intrinsic Covid-19 Condition Curtailed the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic has caused a number of challenges for the equipment and machinery sector, including raw material shortages,manufacturing disruptions, a halt to international trade, and decreased demand from practically all end-user industries, including agricultural, construction, and manufacturing. "Lockdown was implemented in response to the coronavirus outbreak in order to stop the virus's transmission. Travel restrictions and supply chain problems were the result of this. The production of heaters was impacted by the supply chain interruption. The covid-19 outbreak caused a fall in heating installations. However, several players did continue producing while using a minimal labour in accordance with the guidelines and standards established by governments worldwide.""p"
LATEST TRENDS
"Adoption of Smart Outdoor Heating Technologies to Surge the Market Demand "
In addition to the commercial sector, the residential sector is giving manufacturers in the outdoor heating market value-grab opportunities. In North America and Europe, patios and backyards refer to spaces that act as an extension of a residence. To meet the needs of consumers in the home market, businesses are expanding the selection of heat lamps and fire pits. It has been discovered that, with the aid of smart heating technology, householders all over the world are making progress in bringing their indoor comforts outdoors. Such patterns help fuel the expansion of the world market for outdoor heating.
Patio Heaters Market Segmentation
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- By Type
Based on type the patio heaters market is classified into electric, natural gas, propane and others.
Propane is the leading part of the type segment.
- By Application
Based on application the patio heaters market is classified as commercial, residential and others.
Commercial is the leading part of the application segment.
DRIVING FACTORS
"Rapidly Growing Infrastructural Projects to Stimulate the Market "
The market is primarily being pushed by an increase in demand in public spaces such rooftop decks of hospitals, businesses, retail establishments, etc. The demand for ongoing innovation in product features and functionalities is also rising. Due to their advantages, the end consumers favour these high-quality heaters. These elements are compelling manufacturers to keep broadening their product offerings, which is eventually fueling the market's expansion. Additionally, the emergence of patio heaters powered by electricity increases demand. Another factor driving the market is increased investment in infrastructure projects across developing areas.
"Rise in Adoption of Heaters by Restaurants to Boost the Market Demand"
According to a National Restaurant Association poll, about 50% of businesses intended to expand outdoors using patio heaters in 2021. Patio heaters are low-maintenance heating options that may be used on covered patios as well. Patio heater demand is expected to propel the outdoor heating industry in the upcoming years since they are safer and cheaper than other outdoor heating devices. Electric patio heaters are expected to become more popular in the near future as a result of their capacity to operate using renewable energy sources, which keeps them environmentally friendly.
RESTRAINING FACTORS
"Adverse Environmental Impacts to Repel the Market Players"
Patio heaters are becoming more and more popular, which has had various negative effects on the environment. Global warming is one such effect. The use of the heaters increases carbon dioxide emissions. Increased carbon dioxide emissions are a result of heaters being used more frequently outside. Due to its usefulness and aesthetic appeal, patio heater use cannot be restricted. They are primarily utilized in bars, restaurants, and other outside areas. The focus of the market's current vendors is on creative ways that reduce the environmental effects of these heaters. Infrared patio heaters have been introduced by numerous retailers. Such heaters have little effect on the environment. The adverse environmental impacts can limit the patio heaters market growth.
Patio Heaters Market Regional Insights
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"North America to Dominate the Market Share With the Presence of Prominent Players"
During the projected period, North America will account for a quarter of market growth. The primary market North America is the United States. The market in this region will grow more quickly than the markets in South America and the Middle East and Africa. Over the course of the forecast period, innovations, portfolio expansions, and elevated product awareness will support the expansion of the patio heaters market share in North America. In order to help vendors create effective business plans, this market research report includes comprehensive information on the competition intelligence, marketing gaps, and geographical prospects available to them.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Bond Manufacturing (U.S.)
- Napoleon (Canada)
- Blue Rhino (U.S.)
- Lava Heat Italia (U.S.)
- Bromic (Netherlands)
- Dayva International Inc. (U.S.)
- Infratech (U.S.)
- Solaira (U.S.)
- Sunglow Industries, Inc. (U.S.)
- Sunpak (U.S.).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
| Market Size Value In | US$ 522 Million in 2022 |
| Market Size Value By | US$ 634.3 Million by 2028 |
| Growth Rate | CAGR of 3.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| Historical Data Available | Yes |
| Segments Covered | Types & Application |
| Regional Scope | Global |
Frequently Asked Questions
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What value is the patio heaters market expected to touch by 2028?
The global patio heaters market is expected to reach USD 634.3 million by 2028.
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What CAGR is the patio heaters market expected to exhibit by 2028?
The patio heaters market is expected to exhibit a CAGR of 3.3% by 2028.
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Which are the driving factors of the patio heaters market?
Rapid growing of infrastructural projects and the adoption of heaters by restaurants are the driving factors of the patio heaters market.
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Which are the top companies operating in the patio heaters market?
Bond Manufacturing, AmazonBasics, Napoleon, Blue Rhino, Lava Heat Italia, Bromic Group, Dayva, Infratech, Lynx Grills, Solaira, Infrared Dynamics, Symo Parasols, Fire Sense are the top companies operating in the patio heaters market.
