Infrared Heaters market was valued at US$ 366 million in 2022 and is anticipated to reach US$ 454.4 million by 2029, witnessing a CAGR of 3.1% - Valuates Reports

The global Infrared Heaters market was valued at US$ 366 million in 2022 and is anticipated to reach US$ 454.4 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029.

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Infrared Heaters Market
An infrared heater is a body with a higher temperature which transfers energy to a body with a lower temperature through electromagnetic radiation. Depending on the temperature of the emitting body, the wavelength of the peak of the infrared radiation ranges from 780 nm to 1 mm. No contact or medium between the two bodies is needed for the energy transfer. Infrared heaters can be operated in vacuum or atmosphere.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For industry structure analysis, the Infrared Heaters industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers include Jarden Consumer Solutions, Twin-Star, Edenpure, Schwank and Tansun, account for about 45% of the revenue market. Regionally, Europe is the biggest area which took about 39% of the global revenue. The consumption market is greatly affected by the global climate distribution. Asia-Pacific occupied 35% of the sales market. It is followed by Europe and North America, which respectively account for around 33% and 20% of the global total industry.

The Infrared Heaters market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Infrared Heaters market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

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