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Flexible heaters market analysis Competitive landscape By 2023
Flexible heaters market analysis Competitive landscape By 2023
Market Research Future added New Report Named "Global Flexible heaters market analysis Research Report- Forecast 2023" to its Database.

The global flexible heaters market was analyzed by Market Research Future (MRFR) and a projected CAGR of 8.1% was reported to be attained over the forecast period of 2018 to 2023. Furthermore, the flexible heaters market was estimated to reach a valuation of USD 1,424.6 million by the end of the forecast period, jumping from its 2017 valuation of USD 905.1 million. One of the major driving factors influencing the growth of the global flexible heaters market is the increasing number of portable electronic battery operated devices. Add to this, the increasing demand from the electronics and semiconductor industry is anticipated to fuel the growth of the flexible heaters market and open up new opportunities across the globe. 

Market Segmentation 

The global flexible heaters market analysis has been segmented in terms of type and end-user. 

By type, the market segments into polyimide-based, mica-based, silicone rubber-based, polyester-based, and other types. 

By end-user, the market breaks down into automotive, oil & gas, medical, electronics & semiconductor, food & beverage, aerospace & defense, and others.

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Regional Analysis

The global flexible heaters market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

Among the mentioned regions, Asia Pacific held the highest rank in the global flexible heaters market. The regional market was further reported to stand tall in the market standings over the forecast period till 2023. This is due to the large electronics and semiconductor industry base for the market. Add to this, the growth of the regional market is due to the rising demand for flexible heaters for manufacturing medical devices, aerospace and aviation equipment, instruments of measurement, and food processing devices. A number of companies in the electronics and semiconductor industry are integrating these heaters in kitchen items like refrigerators to help channel the heat flow in a proper manner. A presence of a large pool of such companies in the region is accelerating the demand for flexible heaters and aiding in its market growth. The high economic growth of various nations in Asia is further encouraging multinational corporations to shift base or expand their businesses to this location, seeing its potential growth.

Competitive Landscape

The global flexible heaters market comprises a host of key players. This includes leading players like Chromalox, Inc. (US), Honeywell International Inc. (US), Rogers Corporation (US), Nibe Industrier AB (Sweden), Tempco Temperature Measurement Pvt. Ltd (India), Minco (US), OMEGA Engineering (US), Smiths Group PLC (UK), Watlow Electric Manufacturing Co. (US), Electric Heater Corporation (US), Zoppas Industries (Italy), and others. 

Aside from these major players, the market comprises various other prominent players like Holroyd Components (UK), All Flex Flexible Circuits & Heaters (US), Thermo Heating Elements LLC (US), Thermocoax (France), Delta/Acra (US), Durex Industries (US), Bucan Electric Heating Devices Inc. (US), Hotset India Private Limited (India), MIYO Technology Co., Ltd (Taiwan), Nel Technologies Ltd (UK), and others. 

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