The global flexible heater market was valued at USD 905.1 million in 2017 and is expected to reach USD 1,424.6 million by the end of the forecast period at a CAGR of 8.1%.
Flexible heaters are the electronic devices which have significant applications in temperature control and channeling heat flow. There are various temperature controllers and sensors; however, the flexibility of the heaters makes them highly suitable to be adapted with any shape of the device/equipment. Flexible heaters are being increasingly adopted by industry verticals, such asin the medical device manufacturing and electronics & semiconductor. The major factor responsible for the growth of flexible sensor market is the growing demand for portable battery operated devices.
The other factors that increase the market growth of Flexible Heater Market are the technologically advanced properties and flexible formation of heaters, the rising application of heating devices in various industrial sectors, and rising adoption of flexible heaters in healthcare and medical applications. However, the higher operational costs of flexible heaters limit the market growth. Moreover, flexible heaters are incapable of functioning in extreme environments is a factor limiting the market growth. Although the flexible heater market is expected to grow at a steady pace, the increasing demand from electronics and semiconductor industry is posing opportunities for flexible heaters market.
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The key players in the flexible heater market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Nibe Industrier AB (Sweden), Honeywell International Inc. (US), OMEGA Engineering (US), Watlow Electric Manufacturing Co. (US), Smiths Group PLC (UK), Chromalox, Inc. (US), Rogers Corporation (US), Minco (US), Zoppas Industries (Italy), and Tempco Temperature Measurement Pvt. Ltd (India) Electric Heater Corporation (US). These players contribute significantly to the market growth.
Apart from the top key players, the other players contribute nearly 30%–35% in the flexible heater market. These include All Flex Flexible Circuits & Heaters (US), Thermocoax (France), Durex Industries (US), Holroyd Components (UK), Hotset India Private Limited (India), MIYO Technology Co., Ltd (Taiwan), Thermo Heating Elements LLC (US), Bucan Electric Heating Devices Inc. (US), Delta/Acra (US), and Nel Technologies Ltd (UK).
The global flexible heater market has been segmented into type, end user, and region.
By type, the market has been segmented into silicone rubber-based, polyimide-based, polyester-based, mica-based, and others.
By end user, the market has been segmented into electronics & semiconductor, medical, aerospace & defense, food & beverage, automotive, oil & gas, and others.
By region, the flexible heater market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The market for flexible heaters is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of flexible heaters market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America).
The market is dominated by Asia-Pacific in terms of revenue generation and is also expected to grow at the highest growth rate during the forecast period. Due to the high applications of flexible heaters in various industries such as medical device manufacturing, aviation, electronics and semiconductor, automotive, and aerospace. The region has a high presence of electronic device manufacturers. In addition, the region holds most of the developing countries with emerging economies. On the other hand, North America is expected to is estimated to hold the second largest market by 2023 and witness growth of various start-ups that are setting up their base in the flexible heater market. This growth is further supported by the high number of Tier-1 manufacturers operating in the market.
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- System integrators
- Electronic Component Manufacturers
- Service Providers
- Resellers and Distributors
- Consultancy and advisory firms
- Government Agencies
- Consulting Firms
- Research Institutes and Organizations
- Technology Standards Organizations
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