The global flexible heater 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 heater 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 heater 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.
The global flexible heater market 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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The global flexible heater 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 heater 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.
The global flexible heater 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.
March 2019, Rogers Corporation, an Arizona-based electronics industry company, announced the introduction of an all-new Water-Resistant Flexible Heater Substrate – ARLON. The product is available for usage across a wide range of industries. The substrate is designed to enhance the performance level as well as the reliability of both wire-wound flex and etched-foil heaters, especially the ones that are operating under high moisture surroundings or underwater environments.
July 2019, Birk Manufacturing announced that the company will be showcasing its innovative range of custom flexible heaters and heating elements at the 2019 SEMICON WEST. The event, to be held at San Francisco, California, is one of the largest exhibition for the worldwide microelectronics sector in North America.
April 2019, BriskHeat, one of the pioneering leaders in providing flexible heating, temperature, and insulating control solutions, made the announcement of launching its ATEX-approved bulk storage container heaters. The heaters are manufactured in a manner to protect the contents of bulk containers from any damage caused due to cold temperatures and can be used safely even in hazardous surroundings.