Global Agriculture Heat Exchanger Market Size By Product (Plate and Tubular), By Application (Farm Buildings, Greenhouse), By Geographic Scope And Forecast

Agriculture Heat Exchanger Market Size And Forecast

Agriculture Heat Exchanger Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2022 to 2030.

The Global Agriculture Heat Exchanger Market has witnessed strong growth owing to the increasing demand for heat exchangers across smart and eco-friendly agricultural processes. Also, factors such as the growing adoption of agricultural heat exchangers across greenhouses, growing demand from farm buildings, and the need to observe effective thermal management across livestock areas, amongst others are fueling the growth of the Global Agriculture Heat Exchanger Market over the forecasted period.

Global Agriculture Heat Exchanger Market Definition

Agriculture Heat Exchanger is a heat exchanging device that is used for transferring heat across the agricultural area. The device can be used for cooling as well as healing processes. Agriculture heat exchanger plays a crucial role in thermal management for boosting productivity, quality, and all agricultural processes. The agriculture industry around the world is potentially leaning towards technology-driven, greener, and more efficient solutions and techniques.

Agriculture Heat Exchanger effectively manages the heat to provide a more comfortable environment for plants and livestock. Agricultural processes are carried out with different types of machinery and heavy equipment. Agricultural processes are time-consuming and longer processes; thus, the machinery and equipment can be overheated easily due to longer working hours and heavy-duty. Such devices are generally used to prevent large farming equipment and machinery from overheating. Agriculture Heat Exchangers are of two major types such as plate agriculture heat exchangers and tubular agriculture heat exchangers.

Global Agriculture Heat Exchanger Market Overview

Heat exchangers offer various lucrative benefits in the agricultural processes; thus, the demand for the agricultural heat exchanger is growing around the world. Also, greenhouse farming is growing around the world due to soil erosion, deforestation, damaged quality of soil, and scarcity of quality soil or land. The trend is growing across deserted areas such as the Middle East and other deserts around the world. Perennials, herbs, nursery stock, and some vegetables need the desired temperature and comfortable environment. Agriculture heat exchanger helps in providing thermal management to the plants in the greenhouses.

Greenhouse practices with sufficient heating and regulated climatic conditions can provide significant production facilities for vegetables and other plants. The application of greenhouses helps farmers or commercial users to control the conditions in which their plants are growing. Various techniques such as artificial heating, artificial lighting, additional carbon dioxide released into the air inside, and regular watering are used to increase the rate of photosynthesis. Artificial lighting enables the photosynthesis process to continue the growth and other metabolic activities of the plants ever after the daylight period. Greenhouse farming enables a great investment to provide the plants with a level of protection against harsh weather conditions with the provision of ultimate benefits such as pest prevention, growing pesticide-free plants, all-season gardening, all-in-one gardening place, and other multiple purposes.

With the application of a greenhouse, the users can control and decide what facilities, and the quantity they want to give to the plants including the light that comes, the temperature, the moisture in the air, and the soil types, and manage the space accordingly. Thus, the demand for greenhouse farming or planting is growing, aiding the demand for agricultural heat exchangers across commercial as well as high-end greenhouses.

Furthermore, Traditional farming practices are intensive which leads to loss of wildlife, soil and water pollution, and poor animal welfare. Thus, the impact of intense traditional farming can cause soil degradation and water shortages as well due to loads of chemical fertilizers application. Therefore, to improve the ways of farming by cutting the chemical emissions, restoring the soil quality, and protecting the local ecosystems, sustainable farming practices had arisen. Sustainable farming practices refer to accelerating the transition to more organic and wholesome food and farming systems that nourish the health of both people as well as the planet. Thus, the growing awareness about health issues, healthy food, food processing, and farming practices is driving the demand for sustainable farming practices.

Therefore, the increasing demand for sustainable farming practices might create future opportunities for the Global Agriculture Heat Exchanger Market to grow over the forecasted period. However, the prices of the raw material used in the manufacturing of heat exchangers are volatile, and thus, fluctuations in their prices might impact the production process as well as the profitability of the key players. Therefore, the volatile raw material prices, fluctuating customs, import-export tariffs, and the rest of the other factors might strangle the growth of the Global Agriculture Heat Exchanger Market.

Global Agriculture Heat Exchanger MarketSegmentation Analysis

The Global Agriculture Heat Exchanger Market is segmented based on Product, Application, and Geography.

Agriculture Heat Exchanger Market, By Product

• Plate• Tubular

Based on Product, the market is further segmented into Plate and Tubular. In 2021, the Plate segment accounted for the largest market share during the forecasted period owing to the growing demand and lucrative benefits of tubular heat exchangers. Plate heat exchangers are more efficient, these are five times more efficient than tubular heat exchangers. Also, this type of heat exchanger uses several layers of flat plates stacked. The layer can create a series of channels for the liquids to flow during thermal management.

Agriculture Heat Exchanger Market, By Application

• Farm buildings• Greenhouse• Other

Based on Application, the market is segmented into Farm Buildings, Greenhouse, and Other. During the forecasted period, the greenhouse segment is growing with a higher CAGR due to the growing demand for heat exchangers across commercial as well as high-end greenhouses. With the application of a greenhouse, the users can control and decide what facilities, and the quantity they want to give to the plants including the light that comes, the temperature, the moisture in the air, and the soil types, and manage the space accordingly. It enables to reduce the accessibility of insects and pests that have potentially hampered the growth or even destroy the plantation. The greenhouse reduces the exposure to extreme weather conditions such as torrential rain and droughts; only the required amount of water can be provided to the plants.

Agriculture Heat Exchanger Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East and Africa

Based on regional analysis, the Global Agriculture Heat Exchanger Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is the leading region in the Global Agriculture Heat Exchanger Market due to the high demand for Smart Grid Sensors for the application across livestock spaces, high-end greenhouses, and farm buildings, among others. The agriculture sector in Europe is highly professional and technologically advanced. Countries such as the Netherlands, Spain, and Italy have large areas under greenhouse cultivation. A large number of smart greenhouse projects are being carried out in the region. However, Asia-Pacific is experiencing the highest growth during the forecasted period.

Key Players

The “Global Agriculture Heat Exchanger Market” study report will provide valuable insight with an emphasis on the global market. The major players are Big Dutchman, Canarm AgSystems, DACS, Distribution Avi-Air, Fritz Paulmichl, GGS Structures, ITB Climate, MIK INTERNATIONAL, Boyd Corporation, and Alfa Laval, amongst others, in the Agriculture Heat Exchanger Market. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In October 2021, Alfa Laval opens a next-generation manufacturing site in San Bonifacio, Italy as part of its Industry 4.0 strategy, for the production of brazed heat exchangers.

• In January 2021, Boyd Corporation opened a new facility in Juarez, Mexico.

• In August 2020, Big Dutchman introduced a new model of successful heat exchanger for Improving bird health, and decreasing dust and odor emissions.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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