Agriculture Infrared Heater Market

COVID-19 Impact analysis

• COVID-19 pandemic ceased the production of various products in the agriculture infrared heater industry, which is attributed to the global lockdown. This hampered the growth of agriculture infrared heater market in the year and a similar trend may be seen in the first half of 2022.
• The major demand for agriculture infrared heaters was previously noticed in giant developed and developing countries, including the U.S., Germany, Italy, the UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for agriculture infrared heaters.
• Further, potential long-term impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Agriculture infrared heater manufacturers can afford a lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
• Agriculture infrared heater manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

Around 40 % of global population has agribusiness as their occupation, and to increase their productivity of their crops and to gain the flexibility to grow an off-season crop the farmers are keen on using agriculture infrared heaters; thus, boosting the demand in agriculture infrared heaters market.. This trend is expected to increase the demand for agricultural products. Moreover, another sector that uses agriculture infrared heaters is the animal husbandry sector, which requires these heater to keep their animals warm in the cold season, and recently a steady rise can be seen in this sector, hence increasing the demand for agriculture infrared heaters. However, high installation and maintenance cost of some types of infrared heaters is one of the restraining factors hindering the market growth. Contrarily, technological developments in agriculture infrared heater products such as adoption of automation, spot heating, and energy efficiency in products, is expected to boost the efficiency of the equipment and lower cost of agriculture infrared heater. This is anticipated to create lucrative opportunities for the growth of agriculture infrared heater market during the forecast period.

Market Trends

• Key market players launched new products with improved capabilities to improve overall functionality. For instance, in November 2019, ILFORD, Chore-Time, a manufacturer of agriculture infrared heaters, partnered with Heatstar AG to offer JET Radiant Tube Heaters and COMFORTER Radiant Tube Heaters for superior heating efficiency and improved  performance in poultry houses. This product has enhanced the product offerings in the U.S. and Canada.
• Similarly, competitors in the agriculture infrared heater market adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in October 2020, Dantherm Group acquired Germany-based Heylo GmbH, a leading supplier of portable heating, dehumidification, and air cleaning products. This acquisition is expected to enhance the offerings of dehumidifiers and heaters by Dantherm Group.
• Moreover, many government bodies are funding ways of increasing the crop yield, and for the same they are exploring innovations in the agriculture sector. For instance, in the beginning of 2022, the New Zealand government invested $2.8million in research on regenerative agriculture to see its effects on soil health, farm productivity, and climate change.

Key Benefits of the Report

• This study presents the analytical depiction of the agriculture infrared heater industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the agriculture infrared heater market share.
• The current market is quantitatively analyzed to highlight the agriculture infrared heater market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed agriculture infrared heater market analysis based on competitive intensity and how the competition will take shape in coming years.