The worldwide heat lamp market is expected to be worth US$ 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 US$ 3.29 billion by 2033. The heat lamp market was valued at US$ 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) | US$ 785.8 million |
| Projected Forecast Value (2033) | US$ 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.
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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.
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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 | US$ 785.8 million |
| Market value in 2033 | US$ 3.29 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | US$ 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 |
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| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| 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.
1. Executive Summary | Heat Lamps Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Freestanding
5.3.2. Mounting
5.3.2.1. Adjustable Height
5.3.2.2. Adjustable Angle
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Commercial
6.3.2. Residential
6.3.3. Industrial
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. United States of America
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. United States of America
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Hatco Corporation
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Waring Commercial
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Nemco Food Equipment
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Vollrath Company
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Winco
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Avantco Equipment
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Adcraft
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Cal-Mil
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Carlisle FoodService Products
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. CookTek
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Heat Lamps Market
