Flexible Heater Market: Global Industry Analysis and Forecasts (2024 to 2030) Growth, Trends, COVID-19 Impact Analysis

Flexible Heater Market was valued at US$ 1.34 Bn. in 2023. The Global Flexible Heater Market size is estimated to grow at a CAGR of 7.6% over the forecast period.
Flexible Heater Market Overview:
A flexible heater is a device that can be shaped to the shape of a heated object and can be integrated into a surface that requires heating. These heaters are designed and applied in a way, which allows them to fit the specific shapes and sizes of objects. In addition, almost any shape, size, or contour can be employed to administer direct and efficient heat while maintaining dependability.

Flexible heaters are capable of functioning with high performance under numerous adverse conditions. Flexible heaters are also portable and simple to operate. The low thermal mass of flexible heaters allows them to be employed in many applications where weight is a problem and the space for mounting the heater is limited.To know about the Research Methodology:- Request Free Sample Report

2023 is considered as a base year to forecast the market from 2024 to 2030. 2023 market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2030. 2023 is a year of exception and analysis, especially with the impact of lockdown by region.
Flexible Heater Market Dynamics:
Growing Adoption of Flexible Heater in Various Industry across the Globe:

The growing demand for flexible heaters in numerous end-use industries such as automotive, aerospace, and food & beverage drives global consumption. Electronics and digital devices, such as temperature-resistant detectors, liquid crystal displays (LCDs), commercial food equipment, 3D printers, surgical instruments, and other smart devices, are becoming more popular. In addition, increased consumption is linked to advancements in flexible heaters with sophisticated technology and cost reductions. Over the forecast period, all of these factors are expected to drive the flexible heaters market across the globe.

Growing Usage of Flexible Heater in Electronic Devices and Industrial Applications:

Flexible heaters are utilized in a wide range of industrial settings. Plasma etch systems, probing stations, IC test handling equipment photo-resist track systems, copy machines, LCD screen preheating, ATM machines, semiconductor test modules, handheld scanners, and other semiconductor production equipment all use these heaters. Flexible heaters are also used in the aerospace and defense industries, as well as in electronic equipment such as coffeemakers, wax melters, and refrigerators. Furthermore, the medical industry is driving the growth of the flexible heaters market due to the rising use of these heaters in various medical devices and diagnostic tools.

Although the flexible heater market is expected to remain strong, the high running costs of the devices may limit the market growth. In addition, the growth of the flexible heater market is expected to be hampered by fierce competition between major and regional companies.

Key Developments in Flexible Heater Market:

Watlow, a leader in the design and manufacture of complete thermal systems, announced a batch processing function for the D4T data logger and F4T integrated controller in April 2019. Yarbrough Solutions Worldwide, a Texas-based thermal system solution supplier, was bought by the firm in August 2018. Watlow's thermal control capabilities will be improved as a result of the acquisition, which will help the company achieve consistent, long-term growth.

ARLON, a new water-resistant substrate for flexible heater applications, was introduced by Rogers Corporation in March 2019. The new substrate will be used to improve the performance and reliability of wire-wound and etched-foil flex heaters, particularly those used in wet or humid settings.
Flexible Heater Market Segment Analysis:
Based on Type, the Flexible Heater Market is segmented into Silicone Rubber, Polyimide, Polyester, and Mica. The Silicone Rubber segment held the largest market share, accounting for 39% in 2023. The use of silicone rubber-based flexible heaters in semiconductor systems (plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems), electronics appliances (refrigeration equipment, coffeemaker, and wax-maker), and applications in medical, aerospace & defense, food & beverages, automotive, and oil & gas and mining is responsible for the largest market size. The silicone rubber-based flexible heater market is expected to develop at the fastest rate during the forecast period due to rising demand for such systems and products.Based on Industry, the Flexible Heater Market is segmented into Electronics & Semiconductor, Medical, Aerospace & Defense, Automotive, Food & Beverages, Oil & Gas, and Others. The Electronics & Semiconductor segment held the largest market share, accounting for 31% in 2023. Plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems, copy machines, LCD screen preheating, ATMs, semiconductor test modules, handheld scanners, and other semiconductor production equipment all use these heaters. Flexible heaters are also used in electronics, such as refrigeration equipment, coffee makers, and wax melters. The market for flexible heaters used in the electronics and semiconductor industries is likely to grow as demand for such goods rises.
Flexible Heater Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 35% in 2023. The growing need for flexible heaters in medical devices, analytical instruments, avionics and defense systems, semiconductors, and commercial food equipment is driving the flexible heater market in the Asia Pacific region. The electronics and semiconductor sectors, along with the automotive industry, are thriving in APAC, while medical devices and food equipment are expected to grow at the quickest rate in the future years. The market for silicone rubber-based flexible heaters in APAC is expected to be driven by the region's economic growth, as well as the benefit of lower operating costs in countries like China and India.

Thanks to the increasing demand for various types of flexible heaters such as silicon rubber, polyimide film, and polyester heaters in the countries of North America and Europe, the flexible heaters market is expected to rise significantly across the region. Over the forecast period, the flexible heaters market is expected to rise steadily in the Middle East and Africa, followed by Latin America.

The objective of the report is to present a comprehensive analysis of the global Flexible Heater Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Flexible Heater Market dynamic, structure by analyzing the market segments and projecting the Flexible Heater Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Flexible Heater Market make the report investor’s guide.
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Flexible Heater Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US$ 1.34 Bn.


Forecast Period 2024 to 2030 CAGR:
7.6%
Market Size in 2030:
US$ 2.24 Bn.


 Segments Covered:
by Type
Silicone Rubber
Polyimide
Polyester
Mica


by Industry
Electronics & Semiconductor
Medical
Aerospace & Defense
Automotive
Food & Beverages
Oil & Gas
Others



Flexible Heater Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Flexible Heater Market Key Players are:
1. Nibe Industrier
2. Honeywell International
3. Omega Engineering
4. Watlow Electric Manufacturing
5. Smith’s Group
6. Chromalox
7. Rogers Corporation
8. Minco
9. Zoppas Industries
10. All Flex Flexible Circuits
11. Tempco Electric Heater
12. Thermocoax
13. Durex Industries
14. Holroyd Components
15. Hotset
16. Miyo Technology
Frequently Asked Questions:
1] What segments are covered in the Flexible Heater Market report?
Ans. The segments covered in the Flexible Heater Market report are based on the Type and Industry.

2] Which region is expected to hold the highest share in the Flexible Heater Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Flexible Heater Market.

3] What is the market size of the Flexible Heater Market by 2030?
Ans. The market size of the Flexible Heater Market by 2030 is expected to reach nearly US$ 2.24 Bn.

4] What is the forecast period for the Flexible Heater Market?
Ans. The forecast period for the Flexible Heater Market is 2024-2030

5] What was the market size of the Flexible Heater Market in 2023?
Ans. The market size of the Flexible Heater Market in 2023 was valued at US$ 1.34 Bn.