The worldwide heat lamp market is expected to be worth USD 785.8 million in 2023. Future Market Insights reports say that the market will expand at a projected to grow at a CAGR of 15.6% between 2023 and 2033, totaling around USD 3.29 billion by 2033. The heat lamp market was valued at USD 675.4 million in 2022.
The agricultural sector is driving the growth of the market where the widespread adoption of indoor and vertical farming practices is also boosting industry growth. Multiple grow lights are used in hydroponic farming systems to protect plants from insect and pest damage and to provide an adequate amount of sunshine.
Several technological advancements that include the expansion of smart grow lights integrated with the Internet of Things (IoT) and innovations in the field of agricultural sciences are acting as growth-inducing factors that will act as market drivers and further boost beneficial opportunities for the market's growth rate.
Most farm producers in the world are traditional farmers, a major portion of farmers belong to lower-income categories. Lack of sufficient understanding about the use of plant light for greater yields makes it tough for manufacturing companies to breach the market for LED grow lights at a rapid pace.
The semiconductor appliances market in several regions, mainly in developing economies, and the lack of sufficient infrastructure for quality assurance can pose a major challenge for the market players to increase their full spectrum led grow lights in these markets. Another major restraint for the growth of the global grow light market is the unavailability of raw materials.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2023) | USD 785.8 million |
| Projected Forecast Value (2033) | USD 3.29 billion |
| Growth rate | 15.6% CAGR |
| Forecast period | 2023 to 2033 |
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The heat lamps market grew at a CAGR of 15.1% from 2018 to 2022, as per Future Market Insights, a provider of market research and competitive intelligence. The global heat lamps market growth in this market can be attributed to the increasing demand for heat therapy lamps for medical and physiotherapy applications.
Growing awareness about the benefits of heat therapy is also contributing to the growth of this market where the table-mounted segment is expected to grow at a higher CAGR than other segments during the forecast period attributing to its low cost and easy installation as compared to floor-standing and wall-mounted lamps.
Rise in the Number of New Start-ups
Regional and national governments all around the world are trying to boost new start-ups and take initiatives to recover the agricultural sector by reviving the downlink and uplink market chains for perishable vegetable and fruit products. Such rising support is expected to drive the grow light market.
Rise in the Adoption of LED Solutions
LED lighting solutions in the grow lighting are anticipated to see higher demand from several AG Tech firms for low energy consumption and cost-saving benefits which help to reduce farming costs across the world and are anticipated to leverage LED-based lighting solutions to improve their farming.
The focus of Manufacturers on Lamp Design Modification
Notable advancements in the field of heat lamps have been made recently. Heat lamps have focused more on improving the performance of disinfection equipment systems by modifying the design through various techniques such as flow distributions and lamp arrangements.
Manufacturers are also focusing on global expansion plans by setting up new offices and partnering with local distributors to cater to the growing demand from water and wastewater treatment facilities. Other companies are investing substantially in Research and Development activities to introduce efficient products that have further led to advancements in the design of electronic ballasts in combination with intelligent heat lamps.
Continuous Escalations of Environmental Concerns and Huge Operational Prices Obstruct Market Growth
Gas-powered outdoor heaters generate heat by using fossil fuels such as propane, butane, LPG, and Natural Gas. The emission of greenhouse gases due to the consumption of propane as a primary source of power for conventional outdoor heaters is the main reason behind the shift in the preference by customers. 3000-watt capacity propane heater generates more than 42kg of carbon as per the study. Conventional residential outdoor heaters are capable of catering to an area of 9sq. meters for 8 hours every week.
The usage of carbon outdoor heaters contributes to carbon dioxide emissions. Growing carbon dioxide emissions are a result of the increased usage of outdoor heaters in outdoor locations. Outdoor heaters cannot be restricted due to their utility and aesthetic appeal where they are common at restaurants, taverns, and other outdoor settings.
Existing market providers are concentrating on developing creative solutions that reduce the environmental effect of such heaters. Such outdoor heaters’ negative environmental effects may constrain market expansion.
Legalization of cannabis
The legalization of cannabis growing has also increased demand for vertical farms and greenhouses, which in turn has increased demand for LED-based grow lights. Several considerations must be considered while growing cannabis in a sunless medium.
The heat released by HPS lamps, for example, can harm the merchandise which can drastically lower lighting prices can be expected as some of the prospective growth opportunities for the grow lights market.
North America is Said to Dominate the Market Region
North America dominates the heat lamp market because of the prevalence of skin diseases including dermatitis and skin melanoma, among others. North American market for heat lamps market to exhibit a CAGR of 14.9% for the forecast period.
Smart lighting is known to be one of the most significant lighting solutions for offering solutions for both outdoor and indoor purposes with modern developed technology products including Luminaires, LEDs, fluorescent bulbs, and others.
Major factors that are expected to boost the growth of the smart lighting market in the forecast period are the constant and forthcoming smart city projects in the advancing countries. Enhanced adoption of standard protocols for lighting control systems is further anticipated to propel the growth of the smart lighting market. The rise in the initial costs of smart lighting equipment and accessories is further projected to impede the growth of the smart lighting market in the timeline period.
The rise in the smart office and smart retail trends will further provide potential opportunities for the growth of the smart lighting market in the coming years. Disturbance in the smart lighting supply chain because of COVID-19 might further challenge the growth of the smart lighting market in the near future.
Asia-Pacific Contributes to the Market Region
The heat lamp market is expected to gain market growth in the forecast period of 2023 to 2033. Future Market Insights analyses the heat lamps market to exhibit a CAGR of 14.6% for the forecast period.
Heat lamps also referred to as connected lighting, are an essential lighting solution that offers better energy efficiency and halogen options and even delivers durability in terms of breakage resistance that are largely immune to vibrations for providing the solution for both indoor and outdoor purposes with the latest advanced technology products such as LEDs, Luminaires, fluorescent bulbs, and others.
Growing demand for Internet of Things (IoT) technology, growing awareness about energy savings among consumers and governments worldwide, and the emergence of light fidelity (Li-Fi) technology emerge as the major factors driving the market growth.
The requirement of energy-efficient connected lighting controls and ongoing and upcoming smart city projects, various policies encouraging energy conservation and environment protection coupled with stringent regulations discouraging incandescent lamps' usage in developing economies will further aggravate the market value. An increase in the adoption of smart and automated systems by commercial enterprises is thus expected to accelerate the market’s growth. The high initial cost of integration and installation services, deployment, smart equipment, and accessories act as a restraint for the market.
Energy-efficient lighting solutions, growing smart office and smart retail trends, create new opportunities for growing the market within the forecast period. Security and reliability issues of smart with IOT-based lighting systems will dampen the growth rate, resulting in a challenge for the market.
Freestanding is Said to Dominate the Market
Freestanding heaters are portable and can be installed at any place regardless of the infrastructure. Most of the manufacturers provide freestanding models at a comparatively lower price than their counterparts.
Lower price offerings could be another prime factor contributing to the noteworthy pace of the market development for freestanding. The freestanding segment is said to witness a CAGR of 7.0% during the forecast period.
The commercial sector is said to Dominate the Market
Commercial food display cabinets in countertop warmers and display cases consist of a central compressor unit validating the necessary airflow for cooling purposes of multiple items displayed inside the display cases, which are located in the supermarket sales area or retail stores.
Display cases like these consist of an inlet valve to allow cooling action, depending on the product placed under the display, to maintain air temperature as per specification. Helps in achieving high-quality products and eliminates any chance of food contamination.
Some of the prominent players in the global market are:
Some of the important developments of the key players in the market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15.6% from 2023 to 2033 |
| Market value in 2023 | USD 785.8 million |
| Market value in 2033 | USD 3.29 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million and billion for value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC countries, South Africa, Israel |
| Key Companies Profiled | Hatco Corporation; Waring Commercial; Nemco Food Equipment; Vollrath Company; Winco; Avantco Equipment; Adcraft; Cal-Mil; Carlisle FoodService Products; CookTek |
| Customization & Pricing | Available on Request |
North America generated a CAGR of 14.9% of the global demand in 2022.
Asia Pacific market to expand at 14.6% CAGR through 2033.
The freestanding product type segment contributes 7.0% CAGR through 2033.
From 2018 to 2022, the global market exhibited a 15.1% CAGR.
The commercial sector registers maximum sales in this market.
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Heat Lamps Market
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