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Global Infrared Heaters for Agriculture Market is projected to reach the value of USD 1244.10 million by 2030

11-13-2023 09:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Virtue Market Research

Infrared Heaters for Agriculture Market

Infrared Heaters for Agriculture Market

According to the report published by Virtue Market Research in Global Infrared Heaters for Agriculture Market was valued at USD 896.04 million and is projected to reach a market size of USD 1244.10 million by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.8%.

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A crucial long-term driver of the Infrared Heaters for Agriculture market is the increasing awareness of energy-efficient solutions. As global concerns about environmental sustainability continue to rise, farmers and agricultural businesses are seeking ways to reduce their carbon footprint. Infrared heaters offer an efficient alternative, as they emit heat directly to the objects and surfaces within their range, resulting in minimal energy wastage.

The COVID-19 pandemic, while posing numerous challenges to various industries, surprisingly had a positive impact on the Infrared Heaters for Agriculture market. With lockdowns and restrictions affecting supply chains and labor availability, farmers turned to automation and technology-driven solutions. Infrared heaters, being a reliable and efficient heating option, gained traction as they could be easily integrated into existing agricultural setups.

A short-term driver propelling the growth of the Infrared Heaters for Agriculture market is the increasing demand for controlled environment agriculture (CEA). CEA involves manipulating environmental conditions to optimize crop growth, and infrared heaters play a crucial role in maintaining consistent temperatures in such setups. This surge in CEA adoption is expected to drive the demand for infrared heaters in the near future.

An exciting opportunity on the horizon is the untapped potential in emerging markets. As developing countries expand their agricultural capabilities, there is a growing need for efficient heating solutions to protect crops from adverse weather conditions. The Infrared Heaters for Agriculture market is poised to capitalize on this opportunity by providing cost-effective and energy-efficient solutions to these regions.

A notable trend observed in the industry is the integration of smart technology and IoT (Internet of Things) capabilities into infrared heaters. These advancements allow for remote monitoring and control, enabling farmers to adjust heating settings based on real-time data and weather conditions. This trend not only enhances operational efficiency but also aligns with the broader industry shift towards precision agriculture.

Market Segmentation:
By Type: Gas, Electric
Among these, the Gas segment emerges as the largest contender. With its efficient heat generation capabilities and wide applicability, gas-powered infrared heaters have garnered a substantial share of the market. On the other hand, Electric-type infrared heaters exhibit remarkable growth potential. This type is anticipated to be the fastest-growing during the forecast period. The adoption of electric-powered heaters is on the rise, driven by their energy efficiency and compatibility with modern agricultural practices.

By Application: Green House, Farm Building, Livestock farming, Others
The greenhouse category stands tall as the largest segment within this domain. Greenhouses are essential for extending the growing season and providing a controlled environment for plants. As a result, the demand for infrared heaters in this category has witnessed a steady surge. Meanwhile, in terms of growth, Farm Building applications are set to experience significant expansion. With the increasing trend towards protected cultivation and agricultural infrastructure development, the adoption of infrared heaters in farm buildings is expected to accelerate in the coming years.

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Regional Analysis:
The Infrared Heaters for Agriculture market displays regional nuances, each with its unique characteristics and growth trajectories. Among these, North America emerges as the largest market for infrared heaters in agriculture. The region boasts a well-established agricultural sector, and the adoption of advanced technologies, including infrared heaters, is prevalent. The conducive regulatory environment and a strong focus on sustainable farming practices further contribute to the dominance of North America in this market segment. In contrast, the Asia-Pacific region takes the spotlight as the fastest-growing market during the forecast period. The burgeoning agricultural landscape, coupled with increasing investments in modernization and technology adoption, fuels the rapid growth of the Infrared Heaters for Agriculture market in this region.

Latest Industry Developments:
• Companies in the Infrared Heaters for Agriculture market are increasingly investing in research and development to incorporate advanced technologies into their products. This trend encompasses the integration of IoT (Internet of Things) capabilities, allowing for remote monitoring and control of heating systems. Additionally, the adoption of energy-efficient components and materials is gaining traction, aligning with the industry's focus on sustainability and cost-effectiveness.

• A notable trend among market players is the shift towards offering customizable and tailored solutions to cater to the specific needs of agricultural operations. Companies are leveraging their expertise to provide heating systems that are optimized for different environments, crops, and infrastructural setups. This trend reflects a growing understanding of the diverse requirements within the agricultural sector and a commitment to delivering solutions that yield optimal results.

• Recent developments in the Infrared Heaters for Agriculture market highlight a strategic emphasis on collaborations and partnerships. Companies are actively seeking alliances with complementary businesses, such as greenhouse manufacturers, agricultural technology providers, and energy management firms. These partnerships facilitate the integration of infrared heating solutions into comprehensive agricultural systems, offering customers a seamless and integrated approach to their heating needs. Additionally, collaborations can lead to knowledge exchange and innovation, further strengthening the market position of the involved companies.

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contact Us:

Virtue Market Research
Kumar Plaza, #103, SRPF Rd, Ramtekadi, Pune, Maharashtra 411013, India
E-mail: megha@virtuemarketresearch.com
Phone: +1-917 436 102

About Us:
"Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success."

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