Flexible Heater Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2030

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Flexible Heater Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2030

Status : March, 2023 | Semiconductor & Electronics

Report Digest

Introduction to Flexible Heater Market:

Flexible  heaters are devices used  to  provide heating to surfaces. These heaters are efficient enough to work with brilliant performance under complex circumstances.The flexible heaters have the potential to get moulded into the shape of the heated object. Silicon rubber heaters, polyimide heaters, polyester, mica, heating taps with thermostats etc are various types of flexible heaters. These heaters are useful in industrial ,medical, commercial and military sectors.

The market for flexible heaters is expected to rise substantially during the period 2020-2030. ATM machines, aerospace, automotives, battery heaters, food and service equipments, defense equipments etc. use flexible heaters. Due to their great flexibility, reliability, applicability and moisture resistancy, these heaters continue to be preferred.

Flexible  Heater Market: Key Drivers

The growing usage of flexible heaters in medical equipment is surging market growth. These heaters provide regulated temperature to the advanced medical equipment.

In addition to the healthcare industry, the use of flexible heaters in LCDs, food equiment, surgical equipment, smart devices, military devices and photo-resist track systems is also creating opportunities for manufacturers. Availability of new and advanced technological flexible heaters at reasonable prices and the reduction in their cost is attracting companies towards it providing potential opportunities to its market growth. The rise in the dependency on graphical imaging, thermal processing, aerospace, automotives etc are thriving the market demand for flexible heaters like polyester, silicone rubber, polyimide and mica heaters.

Flexible Heater Market: Key Restraints

The operational cost of flexible heaters is extremely high posing a challenge to its market growth. Maintenance, utility and insurance costs puts high burden on the companies. The high tax rates levied by the government due to slow down of the current economy is declining its market. In addition to that,  the spread of Covid 19 pandemic is   largely influencing the flexible heater  market. It has resulted in weakening the economy and  has caused sluggish demand of this market.

COVID-19 Impact on Flexible Heater Market

The COVID-19 pandemic has had an impact on various industries. The HVAC industry has not been immune to this. Due to Covid 19 pandemic, there is a decline in the demand and supply of  the flexible heaters. However, according to analysis, it is anticipated that demand will pick up in the long-term, as industries across the globe are looking for efficient heating solutions.

 Flexible Heater  Market: Region-Wise Forecast

The market for flexible heaters will witness substantial growth rate during the given forecast of ten years. According to research, in addition to US and Europe, demand will also be strong from Asia Pacific. Many countries in Asia Pacific are investing in energy projects, which is likely to provide an impetus to market growth. The applicability of flexible heaters in defense systems, medical equipments and semi-conductors is contributing to its growth in Asia Pacific.

Market Segmentation:

By Type

  • Silicone rubber
  • Polyimide
  • Mica
  • Polyester

By Industry:

  • Electronics and Semiconductors
  • Medical
  • Aerospace
  • Defense
  • Automotives
  • Food and Beverages
  • Oil and Gas

By Distribution Channel:

  • Online channel
  • Offline channel

 By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Competitive Landscape:

The  global market for flexible heaters continues to be fragmented. To consolidate their position, the manufacturers focusing on mergers and acquisitions, technological advancements as well as partnership agreements to deals. In addition to that, the market players are becoming higly professional in modifying their strategies, techniques, policies, practices and methods to leave its rival firms far behind and create its unique identity among the users. Value  delivery is a recent approach that the key market players are focusing on in order to  ensure customer satisfaction and profit maximisation. Joint ventures, product innovations and new product developments are some other strategies that the companies are relying upon to gain competitive edge over its rival firms.

Some of the  major key players in flexible heater market are Rogers Corporation, Omega Engineering, Honeywell International Incorporation, Watlow Electric Manufacturing, Chromalox, Zoppas Industries, Minco Products, Durex Industries, SinomasCorporation, Tutco Heating Solutions Group, Holroyd Components Ltd etc.

Key Q&A

  • At what CAGR will flexible heater market grow?

The flexible heater market is likely to grow at over 7% CAGR through 2030. Demand for energy-efficient solutions is likely to drive growth.

  • What is the historical CAGR for flexible heater market?

The historical CAGR for flexible heater market is between 5% to 6%. During the period 2015-2019, the market grew at this rate.

  • Which is the largest market for flexible heaters?

China is the largest market for flexible heaters. Regionally, APAC continues to be the largest market.

  • Which flexible heaters are top-selling?

Sillicone rubber type flexible heaters continue to be preferred by end-users owing to their growing use in semiconductor systems

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?