Global Greenhouse Heaters Market growing at a CAGR of 4.7% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the greenhouse heaters market is predicted to grow at a compound annual growth rate of 4.7% from 2023 to 2030 and is expected to reach USD 2,158.91 million in 2030 which was valued at USD 1,503.10 million in 2022.
The report highlights the increasing adoption of greenhouse heaters in small & medium greenhouses, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the greenhouse heaters market.
Global Greenhouse Heaters Market By Overview
The greenhouse heaters market is bifurcated into type and application. Based on type, the market is segmented into electric heaters, gas heaters, and paraffin heaters. In 2022, the electric heaters segment dominates the overall greenhouse heaters market. 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.
Get Free SampleMarket Dynamics
Driver:
- The recently developed large greenhouses are benefiting the greenhouse heaters market growth.
- Increasing deployment of greenhouse heaters in small and medium-sized greenhouses is spurring market growth.
Restraints:
- Higher energy consumption for the operation of greenhouse heaters is restricting market growth.
Market Segmentation:
| Report Attributes | Report Details |
| 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 |
Competitive Landscape :
The market is dominated by certain major companies such as Hotbox International, L.B. White, Nexus Corporation, and WECO International which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the greenhouse heaters market is expected to witness substantial growth in the coming years due to the growing investment in new greenhouse heaters range in key regions such as North America, Asia Pacific, and others.
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.
- 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