New York, United States, March 15, 2023 (GLOBE NEWSWIRE) — The Global Flexible Heaters Market Size is to grow from $1.17 billion in 2021 to $2.3 billion in 2030, at a compound annual growth rate (CAGR) of 6.1% during the forecast period. The adoption of flexible heaters is increasing in various industries such as automotive, electronic equipment and semiconductors, medical equipment, oil and gas, aerospace and defense, food and beverages, among others.
Global economy: The analysis of the increased risk of recession and the impact of the war of the conflict between Russia and Ukraine we have added to the final report of the premium.
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A flexible heater is a heating device that can be adjusted to the surface to be heated. Flexible heaters come in a variety of shapes and sizes, including silicone rubber heaters, polyimide film heaters, heating tapes, heating tapes with thermostats, rope heaters, tank heaters, gas cylinder heaters and custom sizes. The flexible heater offers features such as minimal cross-section, authenticity, cost-effectiveness, invulnerability to deterioration and fundamental adjustability that drive the wide range of industrial, commercial and military applications. The growing development of building and construction and industries is expected to drive the demand for flexible heating market during the forecast period.
The silicon rubber segment is witnessing significant CAGR growth during the forecast period.
On the basis of product type, the global flexible heater market is segmented into silicon rubber, mica, polyimide, polyester, and others. Among these, the electrical segment is witnessing significant CAGR growth during the forecast period. The growing acceptability of silicone rubber-based heaters in the electronics, semiconductor, and medical industries is driving the demand for the global flexible heaters market. They are extremely strong, allowing them to flex repeatedly without affecting the life or operation of the heater.
Explore key industry insights spread across 210 pages with 123 market data tables and figures and charts from the TOC report on “Global Flexible Heaters Market SizeAnalysis of the impact of COVID-19, by product type (silicone rubber, mica, polyimide, polyester, others), by end-use industry (automotive, electronic and semiconductor equipment, medical equipment, oil and gas, Aerospace and Defense, Food and Beverage, Other) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021-2030″ Get a detailed description of the report here:
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The electronic equipment and semiconductor segment dominates the market with the largest market share of 47% during the forecast period.
On the basis of end-use, the global flexible heater market is segmented into automotive, electronics, semiconductor, medical, oil & gas, aerospace & military, food & beverage, and others. The electronic equipment and semiconductor category is influencing the market with a market share of 47% throughout the forecast period. Flexible heaters are used in numerous electronic and semiconductor manufacturing processes, such as plasma etching systems, probe stations, integrated circuit test handling equipment, photoresist track systems, copy machines, preheating of LCD screen, ATMs, semiconductor test modules, handheld scanners, and many others.
With a market share of 38%, Asia Pacific dominates the market.
With a market share of 38%, Asia Pacific is likely to be the leading region for the industry during the forecast period. Asia Pacific demand for flexible heaters is expected to be driven by economic growth in the region and lower operating costs in countries such as China, Japan, and India. China’s electronics and automotive sectors are expanding due to the country’s rapid industrialization and infrastructure investments, which would likely increase the need for flexible heaters in the area.
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Competitive Analysis:
The report provides adequate analysis of the key organizations/companies involved in the global market along with a comparative assessment primarily based on their product offering, business overview, geographical presence, business strategies, segment market share and SWOT analysis. The report also provides elaborate analysis focused on current company news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and others. This makes it possible to assess the overall competition within the market. Key vendors in the global flexible heater market include Rogers Corporation, Smiths Group plc, Space-Ray, Inc., Omega Engineering, Honeywell International Inc., Solaronics, Inc., NIBE Industrier AB, Watlow Electric Manufacturing, Chromalox, Ulanet™ , Minco Products, Inc., Zoppas Industries SPA, Backer Howatt, Inc., Gaumer Process Heaters, Systems & Controls, All Flex Flexible Circuits, LLC, among others.
recent development
In March 2021, Minco launched SmartHeat SLT, being one of the most sophisticated heaters for thermal management. SmartHeat temperature is controlled by a unique polymer interlayer, which also has a self-limiting feature that maintains a set point without the use of a sensor or controller.
In August 2020, All Flexible Circuits, LLC, has announced solutions for etched foil heaters. Flex’s entire etched foil heater solution meets the requirements for higher power heaters than standard Kapton, polyimide, or silicone rubber for medical diagnostics.
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