Flexible Heater Market Landscape,Future Prospects,Revenue and Forecast 2027
Market Research Future published a research report on Flexible Heater Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Flexible heaters are chemically etched or wire wound heaters which can be bent to meet the contours of the surface. Properties of chemical resistance, moisture resistance, and need for modifying the shape and size of these heaters as per application can drive its considerable demand. The global flexible heater market report by Market Research Future (MRFR) considers the dynamic variables which shape the industry for the period of 2018 to 2023 (forecast period). The sudden outbreak of the COVID-19 virus has led to revising of projected growth rates which will be included in the report.
The global Flexible Heater Market is expected to reach USD 1,424.6 million by 2023. It was valued at USD 905.1 million in 2017. It is likely to display a CAGR of 8.1% over the forecast period. The increase in battery operated devices and availability of devices with new power range options and customized sizes can drive the market demand. Rising application of heating devices across industries, technologically advanced properties of heaters, and economical prices of custom heaters can work in favor of the market.
But high operational costs of heaters can impede the market growth.
The global flexible heater market is segmented into classes as follows:
The global flexible heater market is categorized into silicone rubber-based, polyester-based, mica-based, and others based on product types.
The global flexible heater market is divided among healthcare, automotive, oil & gas, food & beverage, and others based on end-users.
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The flexible heater market has gained global adoption due to a rise in consumer electronics demands, increasing the adoption of better technologies, and increasing applications. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global flexible heater market. The Asia Pacific region is leading the market due to the presence of key manufacturers, large production capacities, rapid research & development programs, rapidly developing healthcare system, growing awareness, increasing defense budgets, demand for better technologies, and other factors with India and China among the major contributors in consumption and production capacities.
Flexible Heater Global Industry Key Players
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).
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