Analysis of Flexible Heater market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Flexible heater is a screen printed or wire-wound heater which can be conformed to any surface that requires heating. It comes in variety of shape, dimensions, and has been gaining increasing popularity for its ability to operate with improved performance under high temperature conditions.
Further, the flexible heater has low thermal mass which can be molded into shape of the heated object. Increasing use of these heaters in various commercial as well as industrial applications has directly influenced the development of flexible heater market at the global level.
The flexible heater market surpassed US$ 900 million in 2018, and is likely to witness a steady growth in the foreseeable future, as the demand from several industries for application continues to grow.
Growth of flexible heater market can also be attributed to increasing use of such heater in electronics and medical devices as an effective heating source, which can handle repeated wounds without damaging the heating elements and heating taps.
Key manufacturers of flexible heater are continuously focusing on incorporation of advanced technologies in product development to improve its efficiency while reducing the cost, which may impact revenue maximization of the overall market.
Honeywell International Inc., Thermo Heating Elements, LLC, Minco Products, Inc., All Flex Flexible Circuits, Smiths Group plc, NIBE Industrier AB, Spirax-Sarco Engineering, National Plastic Heater, Tutco Heating Solutions Group, Kuhlmann Electro-Heat, Bucan, Chromalox, Zoppas Industries S.P.A, Rogers Corporation, Omega Engineering, Tempco Electric Heater Corporation, Holroyd Components Ltd, Sedes Group, Hotset GmbH, Kuhlmann Electro-Heat, Sinomas, Durex Industries, and Watlow are some of the leading players in the flexible heater market.
Flexible heater has been gaining widening application in numerous end-use industries such as food & beverage, automotive, healthcare, and even in aerospace and defense. Steady growth and development of these industries continues to positively impact the flexible heater market.
Flexible heaters are also increasingly used in smart digital electronics and devices including LCD screens, RTD monitors, and 3D printers, particularly to apply direct heat in an efficient manner without affecting its reliability.
In addition, they are mostly sought-after for application in surgical devices, battery warmers, and others. These factors are likely to translate into robust growth of flexible heater market in the future.
Growth of flexible heater market in Asia Pacific is likely to be driven by the region’s strong electronics, semiconductor, and automotive industry.
With several manufactures shifting production towards Asia Pacific on the back of rising demand and more availability of raw materials and labor, flexible heater market is expected to experience a promising growth in the region.
Moreover, rapid industrialization, stable economic growth, and rising disposable incomes continue to remain the macroeconomic factors driving Asia Pacific flexible heater market.
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Although flexible heater market is likely to maintain a strong outlook, high operational cost of the products may create a hindrance in the market growth.
In addition, aggressive competition between leading and regional players is expected to negatively affect the global expansion of flexible heater market growth.
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The flexible heater report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with flexible heater market attractiveness as per segments. The report also maps the qualitative impact of various market factors on flexible heater market segments and geographies.
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On the basis of type, the flexible heater market can be segmented into:
On the basis of industry, the flexible heater market can be segmented into:
The research report presents a comprehensive assessment of the flexible heater market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to flexible heater market segments such as geographies, application and industry.
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The flexible heater market is expected to be valued at US$ 1.15 billion.
Some growth factors are surge in the infrastructural activities and rapid growth of automotive industry.
Flexible heater market would find most opportunities in Asia Pacific.
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