Flexible Heater - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Flexible Heater Market is accounted for $1,030.05 million in 2019 and is expected to reach $2,052.44 million by 2027 growing at a CAGR of 9.0% during the forecast period. High implementation in medical applications and increasing command from some industries are the major factors propelling the market growth. However, high functioning cost is hampering the market growth.
Flexible Heater is a device that can be incorporated to a surface that requires heating, and can be molded to the shape of the heated object. These heaters are flexible in design and application so as to fit the specific shapes and sizes of objects. Furthermore, most shapes, sizes, or contours can be used to apply direct and well-organized heat without sacrificing reliability. Flexible heaters are accomplished of operating with high-performance under many adverse conditions. The low thermal mass of flexible heaters allows them to be used in many applications where weight is a concern and the space for placing the heater is limited.
Based on the end user, the electronics & semiconductor segment is estimated to have a lucrative growth due to these heaters are used in semiconductor manufacturing such as in probing stations, IC test handling equipment, photo-resist track systems, LCD screen preheating, semiconductor test modules, handheld scanners, and various other equipment. The applications of flexible heaters are also establish in electronics such as in refrigeration equipment, and wax-maker. The raise in command for such products is expected to constrain the market for flexible heaters used in the electronics and semiconductor industry.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to growing demand for these heaters in various health check devices, avionics and defense systems, and industrial food equipment. The electronics and semiconductor, and automotive industries are flourishing in APAC, and the command for medical devices and food equipment is expected to grow at the fastest pace in this region in the future.
Some of the key players profiled in the Flexible Heater Market include All Flex Flexible Circuits, Honeywell International, Omega Engineering, Watlow Electric Manufacturing , Smiths Group, Chromalox, Rogers Corporation, Minco, Zoppas Industries, Nibe Industrier, Tempco Electric Heater, Thermocoax, Durex Industries, Holroyd Components and Hotset.
• Silicone Rubber-Based
• Heating Tapes with Thermostats
• Rope Heaters
• Gas Cylinder Heaters
• Screen Printed
• Chemical & Plastics
• Other Applications
End Users Covered:
• Oil & Gas and Mining
• Electronics & Semiconductor
• Food & Beverages
• Aerospace & Defense
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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