Global Flexible Heater Market Size To Grow USD 2.3 Billion By 2030 | CAGR of 6.1%
Category: Semiconductors & ElectronicsGlobal Flexible Heater Market Size Worth $2.3 Billion By 2030
According to a research report published by Spherical Insights & Consulting, The Global Flexible Heater Market Size is to grow from USD 1.17 billion in 2021 to USD 2.3 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period. Flexible Heater adoption is increasing in various industries, including automotive, electronic & semiconductor equipment, medical equipment, oil & gas, aerospace & defense, food & beverage, and others.
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Browse key industry insights spread across 210 pages with 123 market data tables and figures & charts from the report TOC on “Global Flexible Heater Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Silicon Rubber, Mica, Polyimide, Polyester, Others), By End-Use Industry (Automotive, Electronic & Semiconductor Equipment, Medical Equipment, Oil & Gas, Aerospace & Defense, Food & Beverage, Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030 " Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/flexible-heater-market
A flexible heater is a heating device that can adjust to the surface that needs to be heated. Flexible heaters come in a variety of shapes and sizes, including silicone rubber heaters, polyimide film heaters, heating tapes, heating tapes with thermostats, rope heaters, wrap around tank heaters, gas cylinder heaters, and customized sizes. Flexible heater offers features such as minimal cross section, authenticity, cost-efficient, invulnerable to deterioration and fundamental adjustability which are driving the wide range of industrial, commercial, and military applications. The increasing development of the building and construction and industries is expected to drive the flexible heater market demand during the projected time frame.
The silicon rubber segment is witnessing significant CAGR growth over the forecast period.
On the basis of product type, the Global Flexible Heater Market is segmented into silicon rubber, mica, polyimide, polyester, and others. Among these, the electric segment is witnessing significant CAGR growth over the forecast period. The expanding acceptability of silicone rubber-based heaters in the electronics, semiconductor, and medical industries is driving up demand for the global flexible heater market. They are extremely sturdy, allowing them to flex repeatedly without affecting the heater's lifespan or operation.
The electronic & semiconductor equipment segment is dominating the market with the largest market share of 47% over the forecast period
Elicited from to end-use, the Global Flexible Heater Market is segmented into automotive, electronic, semiconductor, medical, oil & gas, aerospace & military, food & beverage, and others. The electronic & semiconductor equipment category is influencing the market with a 47% market share throughout the forecast period. Flexible heaters are employed in numerous manufacturing processes for electronic and semiconductor equipment, such as 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 many others.
With a market share of 38%, Asia Pacific dominates the market.
With a 38% market share, Asia Pacific is likely to be the industry's leading region during the forecast period. Asia Pacific demand for flexible heaters is predicted to be driven by the region's economic growth and lower operating costs in nations such as China, Japan, and India. China's electronics and automotive sectors are expanding due to the country's rapid industrialization and infrastructure investments, which would likely increase the need for flexible heaters in the area.
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Major vendors in the Global Flexible Heater Market include Rogers Corporation, Smiths Group plc, Space-Ray, Inc., Omega Engineering, Honeywell International Inc., Solaronics, Inc., NIBE Industrier AB, Watlow Electric Manufacturing, Chromalox, Ulanet™, Minco Products, Inc., Zoppas Industries S.P.A., Backer Hotwatt, Inc., Gaumer Process Heaters, Systems & Controls, All Flex Flexible Circuits, LLC, and among others
Recent Development
- In March 2021, Minco launched SmartHeat SLT, being one of the most sophisticated heaters for thermal management. SmartHeat's temperature is controlled by a one-of-a-kind polymer innerlay, which also has a self-limiting function that maintains a setpoint without the usage of a sensor or controller.
- In August 2020, All Flex Flexible Circuits, LLC, has announced solutions for etched foil heaters. All Flex's etched foil heaters solution meets the requirement for higher power heaters other than standard Kapton, polyimide, or silicone rubber for medical diagnostics.
Key Target Audience
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- Market Players
Market Segment
This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the Global Flexible Heater Market based on the below-mentioned segments:
Global Flexible Heater Market, By Product Type
- Silicon Rubber
- Mica
- Polyimide
- Polyester
- Others
Global Flexible Heater Market, By End-Use Industry
- Automotive
- Electronic & Semiconductor Equipment
- Medical Equipment
- Oil & Gas
- Aerospace & Defense
- Food & Beverage
- Others
Global Flexible Heater Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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