Solar Air Heaters Market Size, Share, Growth, And Industry Analysis, By Type (Roof Configuration, Wall Configuration), By Application (Commercial Buildings, Residential Buildings, Agricultural Buildings, Other), Regional Forecast To 2031

Updated On: 08 April 2024

Solar Air Heaters Market Report Overview

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The global solar air heaters market size expanded rapidly in 2022 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the solar air heaters market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Insolation, the solar energy via the sun, is absorbed by an absorbing media and used in solar air heating, a solar thermal technique, to heat the air. In order to heat or condition the air in buildings or for process heat applications, solar air heating is an environmentally friendly heating method.

COVID-19 Impact: Interruption in Supply Chains to Deplete Market Growth

Additionally, the COVID-19 outbreak had a significant impact on the hotel, tourism, manufacturing, and construction sectors. Manufacturing operations were suspended or limited. Industries and offices were shut down. This resulted in a decrease in the demand for and production of solar air heaters, which restrained the solar air heaters market expansion.

This outbreak has caused the biggest worldwide recession since the Great Depression, as well as substantial social and economic disruption. Widespread supply constraints brought on by this outbreak have been made worse by panic buying, agriculture disruptions, and food shortages. Due to the pandemic, numerous events have been canceled or postponed. Numerous workplaces, public spaces, and educational institutions have been partially or completely shut down. Hence, the market suffered but is predicted to gain advancement during the forecasted timeframe.

Latest Trends

"Processing Industries to Intensify Market Magnification "

In the processing industry, this heater often is employed to heat liquids or gases to a particular temperature. Upgrading solar air heaters includes incorporating IoT into the systems to identify operating system performance. As a result, the incorporation of Internet of Things, or IoT, technology generate further opportunities for heater adoption and will drive the heater market's developments over the projection period. To provide superior products and services to clients within industry, major market players have used product introduction and business expansion as important development strategies.

Solar Air Heaters Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into roof configuration, wall configuration

Roof configuration are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into commercial buildings, residential buildings, agricultural buildings, other

Commercial buildings are the leading part of the application segment

Driving Factors

"Expansion in Custom Goods to Boost Market Share "

In order to make substantial headway in the worldwide solar air heaters market share, seasoned producers of the heaters have focused on creating custom-type goods.  Additionally, reputable manufacturers are adding cutting-edge sensors close to solar air heaters with the goal to maximize their use and boost the entire system's efficiency. This is done in order to accurately operate air heaters. Therefore, the expansion in the custom-type goods is going to lead the solar air heaters market share during the forecasted timeframe.

"Rise in Factories Utilization to Expand Market Forwarding "

The rise of requirements for heating systems for use in factories in developing nations is the main driver propelling the solar air heaters market growth. The rise of heating equipment and subsequently the market for air heaters is driven by an increase in constant and stable energy demand from companies in developing economies. Additionally, the need for the heaters has increased in industries like production, agriculture, and commercial buildings due to features like short initialization times, high efficiency, and dependability.

Restraining Factors

"Limited Ability to Transfer Heat to Deplete Market Advancement "

The primary drawback of solar air heaters is its limited ability to transfer heat, although air heaters do have other drawbacks as well. To increase heat transfer, extra attention must be used. Due to the low density of air, managing huge volumes of it is another drawback.  Given its poor thermal capacity, air can't be used as a form of storage. Moreover, the associated cost of these heaters might be very high if suitable design is not used. Moreover, Solar air heater sales are expected to be hampered in the future due to a lack of knowledge and high investment prices, which are significant barriers in the global market.

Solar Air Heaters Market Regional Insights

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"Technological Advancement to Foster Market Growth in Asia Pacific "

Asia Pacific will have the highest revenue share in forecasted timeframe. The growing worries about the environment in region as a result of extreme weather conditions are driving the expansion of the solar air heater market. These air heaters are increasingly being used by consumers to improve and ensure a pleasant atmosphere for living. Furthermore, technological advances into the Asia Pacific region have culminated in the creation of warm air heaters with improved performance, longer lifespan, and lower energy usage.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• 123 Zero Energy (U.S.)
• Conserval Engineering Inc. (U.S.)
• Exacon Inc. (U.S.)
• Arctica Solar (U.S.)
• ATAS International, Inc (U.S.)
• Solar Supplies International Inc (U.S.)
• Matrix Air Heating Inc (U.S.)
• ATR Solar (India)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description 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.