Flexible Heater Market Research Report – Forecast till 2027

Flexible Heater Market Research Information by Type (Silicone Rubber-Based, Polyimide-Based, Polyester-Based, Mica-Based), Application (Electronics & Semiconductor, Medical, Aerospace & Defense, Food & Beverage, Automotive, Oil & Gas) — Forecast till 2027

ID: MRFR/SEM/6066-HCR | 100 Pages | Author: Ankit Gupta | June 2023         

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Flexible Heater Market

flexible heater market is to reach USD 1,424 million by the end of the forecast period in 2027 from USD 905 million in the historic forecast period that had ended in 2019 at a CAGR of 8.1%.

Segmentation
By Type Silicone Rubber-Based Polyimide-Based Polyester-Based Mica-Based
By Application Electronics & Semiconductor Medical Aerospace & Defense Food & Beverage Automotive Oil & Gas
Key Players
Companies Profiled   NIBE Industrier AB (Sweden)    All Flex Flexible Circuits (US)    Honeywell International Inc. (US)    Chromalox (US)    Zoppas Industries S.P.A. (Italy)    Omega Engineering (US)    Zoppas Industries S.P.A. (Italy)    Watlow Electric Manufacturing (US)    Rogers Corporation (US)    Smiths Group plc (UK)
Drivers
Market Driving Forces   The increase in portable electronic battery operated devices    The technologically advanced properties and flexible formation of heaters.
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Flexible Heater Market Research (MRFR Insights)


Globally, the size of the Flexible Heater Market is expected to reach USD 1,424 million at a CAGR of 8.1%. during the forecast period 2020-2027 driven by technologically advanced properties and flexible formation of heaters. The market is witnessing the presence of factors such as a wide range of applications and rising demand from several industries that are driving the growth of the market. Also, the flexible form factor, technological advancements, and other perspectives like the launch of innovative products and the high adoption of flexible heaters in medical applications are several other factors driving the flexible heater market toward significant growth during the ongoing forecast period.


COVID 19 Analysis


The pandemic outbreak has been a significant concern for the global functions undertaken by various markets, and the flexible heater market is one of the affected marketplaces. The outbreak has imposed questions on the functioning of the market and the management of the healthcare systems across the globe and disrupted the demand and supply chain mechanism of the global market operations that are visible in global market operations. In addition, the unavailability of resources and raw materials is challenging the functioning of the manufacturing and production department. Skilled labor is facing functional issues that hamper their ability to meet the rising needs of the global target audience.


However, the rising collaborations between the global governments and the key market players across various market regions are showing better signs of improvement that will help in the projected expansion of the flexible heater market during the ongoing forecast period ending in 2027 by the business chiefs and potential buyers and international market investors.


Market Dynamics


Market Drivers


The silicone rubber-based flexible heaters market, as a part of the global industry, is expected to grow at the highest CAGR during the forecast period from 2019 to 2027. The largest flexible heaters market size of silicone rubber-based flexible heaters is because of the use of these heaters in semiconductor systems (plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems), electronics appliances (refrigeration equipment, coffeemaker, and wax-maker), and applications in medical, aerospace & defense, food & beverages, automotive, and oil & gas and mining. Increasing demand for such systems and products is expected to drive the silicone rubber-based flexible heater market toward the highest growth during the forecast period. They are durable and can withstand the maximum operating temperature of 450°F (232°C).


Market Restraints


The flexible heater market trends suggest that the industry is facing many issues with its expansion and diversification during the ongoing forecast period that will be ending in 2027. Some of the market factors that will give rise to market restraints are the high costs of the market inputs followed by the unavailability of resources, skilled professionals, and raw materials. Also, the lack of awareness and funding is hampering the potential of the flexible heater market segments, regions, and market players during the ongoing forecast period ending in 2027.


Technology Analysis


Among various industries participating in expanding the flexible heater market share, electronics and semiconductors are expected to have the largest market share and exhibit the highest CAGR in the flexible heater market during the ongoing forecast period ending in 2027. These market products as heaters are used in semiconductor manufacturing such as plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems, copy machines, LCD screen preheating, ATMs, followed by some like semiconductor test modules, handheld scanners, and various other equipment. In addition, the applications of flexible heaters are also found in electronics such as refrigeration equipment, coffeemaker, and others like wax-maker. The increase in demand for such products is expected to drive the flexible heaters market used in the electronics and semiconductor industry during the ongoing forecast period ending in 2027.


Study Objectives



  • The flexible heater industry is prepared to understand the market dynamics that will help in the market expansion, followed by the trends that will help cover the losses that the market players had to face since the pandemic outbreak.

  • The flexible heater market report aims to develop an understanding of the basis of the market segmentation and the potential held by the segments to meet the needs of the global target audience. The report helps in understanding the rising degree of competition in the regional and international waters to invite investment and funding for the research and development activities in the period.

  • The flexible heater industry report also highlights the functions undertaken by the markets in the form of recent developments for profit and global domination.


Market Segmentation Overview


By Type Outlook (Revenue, USD Billion, 2020-2027)



  • Silicone Rubber-Based

  • Polyimide-Based

  • Polyester-Based

  • Mica-Based

  • Others


By Industry Outlook (Revenue, USD Billion, 2020-2027)



  • Electronics & Semiconductor

  • Aerospace & Defense

  • Medical

  • Automotive

  • Food & Beverages

  • Oil & Gas and Mining

  • Others


By Geography Outlook (Revenue, USD Billion, 2020-2027)



  • North America

  • Europe

  • Asia Pacific (APAC)

  • Rest of The World (RoW)


Regional Insights


With the largest flexible heater market share and highest CAGR, the APAC region is expected to dominate the overall flexible heater market during the forecast period ending in 2027. The growth of the flexible heater market in the APAC region, including countries like India, China, Japan, and South Korea, is mainly attributed to the increasing demand for these heaters in various medical devices, analytical instruments, avionics, defense systems, semiconductors, and commercial food equipment. The electronics, semiconductor, and automotive industries flourish in the APAC region. Hence, the demand for medical devices and food equipment is expected to grow at the fastest pace in this region in the coming years. The economic growth of the regional markets in the APAC region, along with the advantage of lower operating costs in countries such as China and India, is expected to drive the flexible heater market for silicone rubber-based flexible heaters in this region during the ongoing forecast period that will be ending in 2027. The APAC region is emerging as the largest market for electronics and semiconductor production, primarily dominated by China, India, Japan, Korea, and Taiwan. It is expected to expand substantially, further in the coming years.


Key Players and Market Share Insights


The flexible heater market share will be rising during the ongoing forecast period that will be ending in 2027 owing to the steps undertaken by the understated market players:



  • NIBE Industrier AB (Sweden)

  • All Flex Flexible Circuits (US)

  • Honeywell International Inc. (US)

  • Chromalox (US)

  • Zoppas Industries S.P.A. (Italy)

  • Omega Engineering (US)

  • Zoppas Industries S.P.A. (Italy)

  • Watlow Electric Manufacturing (US)

  • Rogers Corporation (US)

  • Smiths Group plc (UK)


Flexible Heater Industry Developments



  • In July 2018, one of the prominent market companies - Watlow, introduced a new heater product catalog titled, “Heating Solutions; Thermal Systems for Every Application.”

  • ARLON rapid polyimide (rapid) substrate is a new and innovative solution for streamlining the manufacturing process. It also helps in improving the performance of flexible heater applications. It was launched by Rogers Corporation. Designed with new construction, raPId substrates render seamless benefits through a combination of polyimide heater dielectrics with the flexibility and usability of a silicone adhesive system.

  • In February 2018, NIBE internationally acquired Hemi Heating. Hemi Heating manufactures products like heating jackets, heating tents, heating cables, heater fans, and temperature control options. Founded in 1991 and having an annual turnover worth USD 2.4 million, Hemi Heating has become a part of the NIBE Element business segment as a subsidiary of Backer BVH.

  • In January 2018, NIBE made another acquisition of BriskHeat, which became a part of the NIBE Element business segment. The company was founded in 1949, and with annual sales of USD 39 million, BriskHeat has 650 employees. It is involved in the manufacturing processes of cloth-heating jackets for the semiconductor, composite, petrochemical, plastic, and consumer product industries.


Report Overview


The global market report has been prepared to understand the flexible heater market trends in the industry that were and are prevalent before and after the pandemic hit international waters since its arrival in 2020 from Wuhan, China. The curated market report talks about the functions of the flexible heater market companies in personal. It discusses their potential that either improves or hampers their ability to cater to the demands post the pandemic. The report discusses the functions of the market segments in various market locations and hence, discusses the recent developments like investments, product launches, mergers, acquisitions, and other steps like joint ventures and funding the market creations, that have been undertaken to help in the market expansion during the period that ends in 2027.



Report Scope:

Report Attribute/Metric Details
  Market Size 2027 USD 1,424.6 Million
  CAGR 8.1% (2020-2027)
  Base Year 2019
  Forecast Period 2020-2027
  Historical Data 2018
  Forecast Units Value (USD Million)
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered Type, Application and Region
  Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors Nibe Industrier AB (Sweden), Honeywell International Inc. (US), OMEGA Engineering (US), Watlow Electric Manufacturing Co. (US), Smiths Group PLC (UK), Chromalox, Inc. (US), Rogers Corporation (US), Minco (US), Zoppas Industries (Italy), and Tempco Temperature Measurement Pvt. Ltd (India) Electric Heater Corporation (US), All Flex Flexible Circuits & Heaters (US), Thermocoax (France), Durex Industries (US), Holroyd Components (UK), Hotset India Private Limited (India), MIYO Technology Co., Ltd (Taiwan), Thermo Heating Elements LLC (US), Bucan Electric Heating Devices Inc. (US), Delta/Acra (US), and Nel Technologies Ltd (UK)
  Key Market Opportunities The increasing demand from electronics and semiconductor industry.
  Key Market Drivers The increase in portable electronic battery operated devices. The technologically advanced properties and flexible formation of heaters.
 

Frequently Asked Questions (FAQ) :

From 2020 to 2027, the Flexible Packaging Market is projected to be worth USD 1,424 million and a CAGR of 8.1%.

Rogers Corporation (US), Chromalox, Inc. (US), Minco (US), Tempco Temperature Measurement Pvt. Ltd (India), Zoppas Industries (Italy), and Electric Heater Corporation (US) are the opponents in the market.

A huge electronics and semiconductor industry base are anticipated to encourage the APAC regional market in the impending period.

The segments in the market are end-user, type, and region.

The technologically progressive properties and bendable formation of heaters are expected to contribute to the overall market growth.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players’ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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