Wilmington, Delaware, United States, March 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global greenhouse heater market is projected to grow at a CAGR of 5.2% between 2023 and 2031. The rise in demand for food is a key driver augmenting the growth of the global greenhouse heater market. Greenhouse heaters help in circulating and heating air to create an artificial environment in a greenhouse that is capable of supporting plants in cases where the outdoor temperature is variable or cooler than usual. When the heat enters the greenhouse via the covered plastic or glass, it starts warming the plants, soil, and objects inside, thereby maintaining a barrier between harmful sunrays and protecting the agricultural crops.
Emergence of the e-commerce industry as a key sales channel is likely to present lucrative opportunities to manufacturers in the global greenhouse heater market during the forecast period. The increase in research and development activities for the development of innovative greenhouse heaters is further expected to help create business opportunities for this market in the near future.
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According to TMR report, the global greenhouse heater market value stood at US$ 1.1 Bn in 2022 and is projected to reach US$ 1.7 Bn by the end of 2031. Rise in concerns about climate change is estimated to propel the need for environmental conservation, thereby boosting the greenhouse heater market during the forecast period.
Key Findings of Study
- Increase in Demand for Commercial Greenhouses: Implementation of favorable government policies and establishment of greenhouses in organized shelters has increased the opportunities for companies active in the greenhouse heater market. Commercial greenhouses are likely to witness a surge in demand during the forecast period owing to their ability for higher crop yield in smaller areas. The rise in need for field monitoring and plant protection is further projected to create business opportunities for the greenhouse heater market in the next few years.
- Rise in Awareness about Environmental Protection: The rise in global population automatically augments the need for food production. This is considered a prime growth factor boosting the greenhouse heater industry growth. Rise in awareness about environmental protection and the continuously changing consumer preferences regarding products and commodities that promote green and clean energy are also anticipated to lead to the greenhouse heater market growth.
Key Drivers
- Rise in awareness about protecting the environment is projected to boost market growth
- Increase in need to protect plants and field monitoring may accelerate market expansion
- Favorable government policies to promote clean and green energy for factory setups automatically promotes the need for greenhouse heaters in the agricultural sector, thereby boosting the industry growth
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Regional Growth Dynamics
- Asia Pacific is anticipated to account for a dominant global market share during the forecast period because of the presence of multiple government initiatives that promote modern agricultural methods to increase production. Rise in awareness and increase in adoption of greenhouses by large number of agricultural farms are further expected to help increase the regional market size during the forecast period.
- Increase in demand for off-season produce is driving the demand for greenhouse and associated equipment. Most of the small and medium-sized greenhouse setups are cost-efficient and are thus highly preferred. The increase in the number of greenhouse settings automatically propels the demand for greenhouse heaters, which is anticipated to help the market in Asia Pacific to continue to generate notable revenues during the forecast period.
Key Players
Prominent players in the global greenhouse heater market include Southern Burner Company, Siebring Manufacturing, Roberts Gordonm Richel Group SA, International Greemhouse Company, Hotbox International, Greentech India, Certhon, L.B. White, and Argus Control Systems Ltd.
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Greenhouse Heater Market Segmentation
Type
- Fuel Greenhouse Heater
- Electric Greenhouse Heater
- Solar Greenhouse Heater
Price
- Below US$ 100
- US$ 100 – US$ 500
- Above US$ 500
Application
- Small and Medium Greenhouse
- Large Greenhouse
Distribution Channel
- Direct
- Indirect
Regions
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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