Greenhouse Heaters Market Forecast 2023 - 2030
Report ID : CBI_1172 |
| Published Date:
| Format :
| Base Year: | 2022 |
|---|---|
| CAGR: | 4.7% |
| Forecast Year: | 2023 - 2030 |
| Revenue 2022: | $1,503.10 Mn |
| Revenue 2030: | $2,158.91 Mn |
Greenhouse Heaters Market Forecast 2023 - 2030
Market Overview :
Consegic Business Intelligence analyzes that the greenhouse heaters market is growing with a healthy CAGR of 4.7% during the forecast period (2023-2030), and the market is projected to be valued at USD 2,158.91 Million by 2030 from USD 1,503.10 Million in 2022.
Market Definition :
Greenhouse heaters are devices that are used to heat greenhouses, which are structures that are used to grow plants in a controlled environment. Greenhouse heaters are heating equipment that offers reliable heat. The greenhouse heaters have the added advantage that the product does not release additional moisture into the air such as paraffin and propane systems. The major types of greenhouse heaters include electric heaters, gas heaters, and paraffin heaters. The prime benefit of greenhouse heaters includes the elevation to spread warmth evenly throughout the greenhouse. This reduces the possibility of cold spots developing. As a result, greenhouse heaters are an ideal solution for applications such as small & medium greenhouses and large greenhouses.
Market Dynamics :
Drivers :
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The recently developed large greenhouses are benefiting the market growth
The greenhouse heaters are ideal for large-sized greenhouses to ensure efficient yield production for year-round crop cultivation. The pro-government measures for the development of greenhouses such as subsidies, investments, and others are accelerating the development of new large-scale greenhouses. For instance, in July 2023, Sangam Farms announced the development of a new large-sized greenhouse project in Rajasthan India. The project will include the development of a 40-acre greenhouse. The development of the project will be completed in the 4th quarter of 2023. The development of new large-sized greenhouses is fostering the adoption of greenhouse heaters to boil water for plants that require warmer soil temperatures. Hence, the recently developed large-sized greenhouses are accelerating the demand for heaters, thereby favoring market growth.
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Increasing deployment of greenhouse heaters in small and medium-sized greenhouses
The efficient heating of a greenhouse results in extending the growing season. Thus, greenhouse heaters are vital for small and medium-sized greenhouses to ensure more tender plants such as citrus trees. For illustration, in May 2023, the Rotary Club of Montserrat installed a 150 sq ft hydroponics greenhouse in Brades School, Montserrat. The installation of new medium-sized greenhouses will supplement agriculture learning among the students. Hence, the development of new medium-sized greenhouses is boosting the demand for greenhouse heaters to provide optimal temperatures for crop growth. Therefore, the increasing deployment of greenhouse heaters in small and medium-sized greenhouses projects is proliferating market growth.
Restraint :
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Higher energy consumption for the operation of greenhouse heaters is restricting the market growth
The greenhouse heaters such as electrical heaters primarily require a lot of energy to ensure efficient heating and humidity in the greenhouse. For instance, electric heaters have to work harder to reach the appropriate temperature and frequently have to run longer to get there than a gas furnace. Henceforth, the higher energy consumption for the operation of greenhouse heaters is restricting the greenhouse heaters market growth during the projected forecast period.
Opportunities :
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The construction of new greenhouses will create a prominent opportunity for the market growth
The rapid pace of urbanization, increasing self-reliance for crop production, and others are some of the prime factors fostering the development of new greenhouses. Furthermore, Middle Eastern countries such as Saudi Arabia, United Arab Emirates, and others are shifting their focus on oil manufacturing. Thus, the expansion of greenhouses is increasing. For instance, in April 2023, Dava Agricultural announced the construction of a new 23-hectare greenhouse in Saudi Arabia. The expansion with contribute to the Saudi Vision 2030. Henceforth, the construction of new greenhouses will accelerate the demand for greenhouse heaters to ensure even heating for crops. This, in turn, will create a lucrative opportunity for market growth in the upcoming years.
Greenhouse Heaters Market Report Coverage :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 2,158.91 Million |
| CAGR (2023-2030) | 4.7% |
| By Type | Electric Heaters, Gas Heaters, and Paraffin Heaters |
| By Application | Small & Medium Greenhouse and Large Greenhouse |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Hotbox International, L.B. White, Nexus Corporation, WECO International, Southern Burner Company, Roberts Gordon, Rough Brothers, Inc., Siebring Manufacturing, Sri Sai Fibres Private Limited, and Teja Projects |
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Download Sample ReportMarket Segmentation :
By Type :
The type segment is categorized into electric heaters, gas heaters, and paraffin heaters. In 2022, the electric heaters segment accounted for the highest market share of 41.50% in the overall greenhouse heaters market. Electric heaters for application in greenhouses have the advantage of being superior reliability. The electric heaters are equipped with a fan to offer the superior benefit of providing healthy air circulation. This ensures a reduction in the risk of mold and fungus developing in plants. In addition, the airflow throughout the structure eliminates the cold spots. For instance, KING ELECTRICAL MFG. CO., a leading manufacturer of greenhouse heaters in the United States offers electric heaters such as Hardwired Greenhouse Heaters, Whole Greenhouse Portable Heaters, and others. The company is actively leveraging its technological potential for expanding the product development for electric greenhouse heaters. Thus, due to the above factors the demand for electric heaters is increasing, which, in turn, is benefiting the market growth.
However, the gas heaters segment is expected to be the fastest-growing segment during the forecast period. This is due to the increasing adoption of gas heaters in small and medium-sized greenhouses, which is fostering segmental growth.
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Download Sample ReportBy Application :
The application segment is categorized into small & medium greenhouse and large greenhouse. In 2022, the small & medium greenhouse segment accounted for the highest market share in the greenhouse heaters market. Greenhouse heaters are vital for crop growth cycles, especially in the winter. Greenhouse heaters such as electric heaters, gas heaters, and others provide consistent heat with low emissions. This makes the greenhouse heaters safer for crops. Additionally, the versatile heaters for the greenhouses efficiently boil water for plants that require warmer soil temperatures. As a result, greenhouse heaters are an ideal solution for the small & medium greenhouse. The increasing investment in the development of new small & medium greenhouses is fostering the demand for greenhouse heaters to ensure superior flexibility. Hence, the increasing adoption of greenhouse heaters in small & medium greenhouses is amplifying the market growth.
However, the large greenhouse segment is expected to be the fastest-growing segment during the forecast period. This growth is attributed to factors such as increasing investment in new large greenhouses, government initiatives for large greenhouses, and others. For instance, in August 2020, Lufa Farms opened a new 160,000 square feet rooftop greenhouse in Montreal, Canada. The greenhouse cultivates tomatoes and eggplant.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regional Growth Insights
Download Sample ReportIn 2022, Asia Pacific accounted for the highest market share at 36.50% and was valued at USD 548.63 million, and is expected to reach USD 792.32 million in 2030. In Asia Pacific, China accounted for the highest market share of 21.75% during the base year of 2022. The growth in the development and government aids for greenhouses is attributed to the growth of the greenhouse heaters market growth in the Asia Pacific region. For instance, in March 2023, Shanghai's largest vegetable greenhouse became operational in China. FoodVentures, based in the Netherlands is supervising the cultivation of vegetables. The new greenhouse will cultivate cucumbers, tomatoes, herbs, and heads of lettuce. Therefore, the development of new greenhouses in the Asia Pacific region will boost the revenue growth of the market in the forecast years.
Furthermore, Europe is expected to witness significant growth over the forecast period, growing at a CAGR of 5.0% during 2023-20230. This is due to the exponential growth in the adoption of greenhouse heaters in applications such as small & medium greenhouses and large greenhouses.
Details Countries Growth Insights
Download Sample ReportGreenhouse Heaters Market Competitive Landscape:
The greenhouse heaters market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
- Hotbox International
- L.B. White
- Nexus Corporation
- WECO International
- Southern Burner Company
- Roberts Gordon
- Rough Brothers, Inc.
- Siebring Manufacturing
- Sri Sai Fibres Private Limited
- Teja Projects
Recent Developments :
- In June 2020, WESCO International formed a merger with Anixter International Inc to increase product distribution in the global market. Therefore, the increase in the distribution of greenhouse heaters will accelerate market growth in the forecast years.
Frequently Asked Question
What was the market size of the greenhouse heaters industry in 2022?+
In 2022, the market size of greenhouse heaters was USD 1,503.10 million
What will be the potential market valuation for the greenhouse heaters industry by 2030?+
In 2030, the market size of greenhouse heaters will be expected to reach USD 2,158.91 million.
What are the key factors driving the growth of the greenhouse heaters market?+
Increasing deployment of greenhouse heaters in small and medium-sized greenhouses is spurring market growth.
What is the dominating segment in the greenhouse heaters market by type?+
In 2022, the electric heaters segment accounted for the highest market share of 41.50% in the overall greenhouse heaters market.
Based on current market trends and future predictions, which geographical region is the dominating region in the greenhouse heaters market?+
Asia Pacific accounted for the highest market share in the overall greenhouse heaters market.
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