Flexible Heater Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
Flexible Heater Market registered a revenue of USD 1,253 million in 2022 and is projected to reach USD 2,201 million in 2030, growing at a CAGR of 7.3% during the forecast period from 2023-2030
Flexible Heater Market Overview
A flexible heater is a device which can be bent to conform to the surface that requires heating. There are various types of flexible heaters, including silicone rubber-based heaters, polyimide-based, polyester-based, mica-based, and other types of heaters. These flexible heaters can come in several different variants, which include the ability to modify the size, shape, and thickness. Flexible heaters are robust, reliable, accurate, and moisture& chemical-resistant. These heaters can be quickly bonded to other parts of the system. It has a wide range of industrial, electronics & semiconductors, medical, automotive, and other applications where reliability, cost of effectiveness, resistance to deterioration, and flexibility are important.
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Major Flexible Heater Market Drivers
The major factors that are driving the growth of the global flexible heater market include the increasing demand from various industrial sectors such as medical, aerospace & defense, food & beverages, and automotive sector, followed by its wide range of applications, technological advancements, and the flexible form factor. The flexible heater offers exceptional advantages, such as high reliability, moisture & chemical-resistant, and accurate & efficient feature. Moreover, the emerging application, such as a battery heater of an electric vehicle, motor space heaters, and temperature sensors are further propelling the growth of the market during the forecast period. Increasing demand from the electronics & semiconductor industry for heating of electrostatic chucks, gas lines, pipelines, valves, and chamber walls, will drastically boost the growth of the market. However, the high operational cost is likely to hamper the growth of the market.
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Based on the type, the silicon rubber-based segment is expected to grow at a higher CAGR during the forecast period owing to its flexibility, quickly warm-ups, enhanced heat transfers, and reduced wattage requirements and increasing application areas, such as in semiconductor processing, energy processing, packaging, kitchen equipment, medical & analytical instrumentation, and aerospace & defense. Moreover, its durability and ability to withstand the maximum operating temperature of 450°F (232°C) features, are further fuelling the growth of the market during the forecast period.
Based on the industry, the electronics & semiconductor segment is expected to grow at a higher CAGR over the forecast period. The increasing demand for semiconductor-related products is leading to a rise in the need for the flexible heater as it is widely used in semiconductor manufacturing such as plasma etch systems, IC test handling equipment, handheld scanners, photo-resist track systems, copy machines, ATMs, semiconductor test modules, and LCD screen preheating. Growing demand for consumer electronics such as refrigeration equipment, coffeemaker, and other electronic products, will further complement the growth of the market over the forecast period.
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Regional – Segment Analysis
Based on the region, the Asia-pacific is projected to lead the Global Flexible Heater market over the forecast period owing to the growing adoption of flexible heaters in several medical devices, analytical instruments, semiconductors, and commercial equipment. The electronics and automotive industries are rapidly growing in the Asia-pacific region. The presence of highly populated countries such as China and India in Asia-pacific, which increases the demand for medical devices, consumer electronics, and food equipment, is further surging the growth of the market. Moreover, low operating costs and economic growth in countries such as China and India are further fuelling the growth of silicone rubber-based flexible heaters market in this region.
Top Market Players
Various notable players in the Flexible Heater market include NIBE Industrier AB, Honeywell International Inc., Omega Engineering, Watlow Electric Manufacturing Co., Smiths Group plc, Chromalox, Inc., Rogers Corporation, Minco Products, Inc., Zoppas Industries, All Flex Heater, Tempco Electric Heater Corporation, Thermocoax, among others.
Key Developments:
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- In Jul 2018, Watlow launched the heater catalog named “Heating Solutions; Thermal Systems for Every Application.”
- In Jan 2018, NIBE Industrier AB acquired BriskHeat Corporation, a cloth heating jacket manufacturer, providing flexible surface heating elements, controls, and accessories manufacturer for a variety of end-market, especially for the semiconductor industry.
Segments covered in the Report:
The Global Flexible Heater market has been segmented based on the type, industry, and region. Based on the type, the market is categorized into Silicone Rubber-Based, Polyimide- Based¸ Polyester-Based, Mica-Based, and Others. Based on industry, the market is segmented into Electronics & Semiconductor, Medical, Aerospace & Defense, Food & Beverages, Automotive, Oil & Gas and Mining, and Others.
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Report Coverage |
Details |
Market Revenues (2022) |
USD 1,253 million |
Market Base Year |
2022 |
Market Forecast Period |
2023-2030 |
Base Year & Forecast Units |
Value (USD Million) |
Market Segment | By Type, By Industry, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | NIBE Industrier AB, Honeywell International Inc., Omega Engineering, Watlow Electric Manufacturing Co., Smiths Group plc, Chromalox, Inc., Rogers Corporation, Minco Products, Inc., Zoppas Industries, All Flex Heaters, Tempco Electric Heater Corporation, Thermocoax among others; A total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation:
Global Flexible Heater Market by Type
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- Silicone Rubber-Based
- Polyimide- Based
- Polyester-Based
- Mica-Based
- Others
Global Flexible Heater Market by Industry
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- Electronics & Semiconductor
- Medical
- Aerospace & Defense
- Food & Beverages
- Automotive
- Oil & Gas
- Mining
- Others
Global Flexible Heater Market by Region
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-
North America Flexible Heater Market Option 1: As a part of the free 25% customization
- by Type
- by Industry
- United States of America (US) Market All-Up
- Canada Market All-Up
-
Europe Flexible Heater Market Option 2: As a part of the free 25% customization
- by Type
- by Industry
- United Kingdom (UK) Market All-Up
- Germany All-Up Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
-
Asia-Pacific Flexible Heater Market Option 3: As a part of the free 25% customization
- by Type
- by Industry
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
-
ROW Flexible Heater Market Option 4: As a part of the free 25% customization
- by Type
- by Industry
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
-
Global Flexible Heater Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- NIBE Industrier AB
- Honeywell International Inc.
- Omega Engineering
- Watlow Electric Manufacturing Co.
- Smiths Group plc
- Chromalox, Inc.
- Rogers Corporation
- Minco Products, Inc.
- Zoppas Industries
- All Flex Heaters
- Tempco Electric Heater Corporation
- Thermocoax
Frequently Asked Question About This Report
Flexible Heater Market [UP733A-00-0620]
The major factors that are driving the growth of the flexible heater market include the increasing demand from various industrial sectors such as medical, aerospace & defense, food & beverages, and automotive sector.
The various industry includes Electronics & Semiconductor, Medical, Aerospace & Defense, Food & Beverages, Automotive, Oil & Gas and Mining, and Others.
The various notable players in the Flexible Heater market include NIBE Industrier AB, Honeywell International Inc., Omega Engineering, Watlow Electric Manufacturing Co., Smiths Group plc, Chromalox, Inc., Rogers Corporation, Minco Products, Inc., Zoppas Industries, All Flex Heater, Tempco Electric Heater Corporation, Thermocoax, among others.
The growth rate of Flexible Heater Market during forecast period is 7.3%.
- Published Date: June-2023
- Report Format: Excel/PPT
- Report Code: UP733A-00-0620
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The report is used by the purchaser (One Individual) only
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Report is shared with unlimited user (employees) of the purchasing corporation only
Flexible Heater Market Size, Share, Trends and Growth Report – Global Opportunities & Forecast, 2023-2030
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