Flexible Heater Market Size, Growth, Trend and Forecast 2020-2027
Flexible Heater Market
The Flexible Heater Market is expected to expand at a robust CAGR over the forecast period (2020-2027).
The factors driving the growth of Flexible Heater Market includes increasing penetration of consumer electronics items such as smartphones, tablets, and laptops, rising application of flexible heaters in the oil and gas and petrochemical industry along with its moisture & chemical-resistant features. According to the report published by Statista, the units of smartphones sold worldwide has increased from 1,244.74 million units in 2014 to reach around 1,433.86 in 2021, which will boost the Global Flexible Heater Market in the approaching years. Moreover, rise in the launches of innovative products and integration of advance technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Machine Learning (ML) in the electronic devices, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, Government initiatives to boost the manufacturing of automobile, rising disposable incomes, improvements in the living standards and rapid urbanization, are further contributing to the market growth.
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However, the growth of Flexible Heater Market is hindered due to high operational cost of flexible heaters.
The prominent players operating in the market are Smiths Group plc, Chromalox, Inc., Rogers Corporation, NIBE Industrier AB, Honeywell International Inc., Omega Engineering, All Flex Heater, Tempco Electric Heater Corporation, Thermocoax, Watlow Electric Manufacturing Co., All Flex Heaters, and Zoppas Industries, among others.
Type: Segment Analysis
Based on Type, the Silicone Rubber-Based segment is expected to grow at a significant CAGR during the forecast period. The increasing use of silicone rubbers in the semiconductor systems such as IC test handling equipment and plasma etch systems, are some of the factors responsible for the growth of the segment.
Industry: Segment Analysis
Based on Industry, the Electronics & Semiconductor segment is projected to expand at a remarkable CAGR over the forecast period due to growing demand for semiconductor-related products across the globe.
Regional: Segment Analysis
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period. Growing demand for medical and consumer electronic devices, Government initiatives to promote the use of Electric Vehicles, increasing adoption of technologically advanced flexible heaters and high population density, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Type
Silicone Rubber-Based
Polyimide- Based
Polyester-Based
Mica-Based
Others
Segmentation by Industry
Electronics & Semiconductor
Medical
Aerospace & Defense
Food & Beverages
Automotive
Oil & Gas
Mining
Others
Segmentation by Region
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
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