PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299751
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299751
Flexible Heater Market size was valued at USD 1,333.7 Million in 2022, expanding at a CAGR of 8.2% from 2023 to 2030.
A flexible heater refers to a home appliance device that can be unified to a surface that requires heat. Moreover, these devices are existent in various formations and types including polyimide film heaters and silicone rubber-based ones. Additionally, the flexible heater based on silicone rubber is extensively used owing to its accuracy, resistance, and roughness to the chemical substance. Furthermore, silicone rubber is high in tolerance to a large range of temperatures though remaining flexible provides its benefits to chemical substances.
Factors including increasing demand from a variety of industries & wide range of applications, technological advancement, rise in portable electronic battery-operated equipment, flexible form factor, the launch of innovative products, and increase in adoption of flexible heaters in medical & healthcare applications are the major factors projected to drive the flexible heater market growth. However, an increase in operational costs may restrain the flexible heaters market growth.
Moreover, the growing demand for semiconductors and electronics is posing lucrative opportunities for the flexible heaters market growth. Furthermore, the rising number of accommodations of the flexible heater in medical implementation is offering a positive impact on the flexible heater market growth over the forecast period. The COVID-19 crisis has affected the flexible heaters market. The pandemic has lowered both the demand and supply for flexible heaters. In addition, the lockdown outbreak restricted the import and export of electrical components and supplies.
The Global Flexible Heater Market is segmented on the basis of Product Type, Application, Distribution Channel, and Region.
The market is divided into three categories based on product type: silicon rubber-based polyimide, polyester, and mica. The silicon rubber-based polyimide sector is expected to dominate the market. The silicon rubber-based polyimide heater is used in IC test handling equipment, plasma each system, photoresist track system, and probing station along with electronic applications such as wax, coffee maker, and refrigerator equipment.
The market is divided into five categories based on application: electronics & semiconductors, automotive, aerospace & defense, medical, food & beverage, and others. The electronics & semiconductor sector is expected to possess the market. In electronics & semiconductors, flexible heaters are utilized in semiconductor manufacturing equipment because heat is a crucial factor in the testing and processing of semiconductors.
The market is divided into four categories based on distribution channels: retail, supermarket, online, offline, and others. The offline sector is estimated to hold the largest market share. The consumer can check their product through offline purchases without investing an extra levied amount which provides better reach to the consumer as compared to online channels.
In various commercial and industrial sectors, increasing usage of flexible heaters has directly influenced the growth of the flexible heaters market globally. Factors such as rising demand for cutting-edge heating solutions and OEMs' focus on offering efficient & novel, flexible heaters owing to rising needs in the medical, automotive, electronics and semiconductors, and oil & gas are propelling the demand. Additionally, market players are focusing on organic and inorganic growth strategies including product developments, product launches, R&D spending, partnerships, and merger & acquisitions. For instance, in July 2022, Rogers Corporation announced the launch of PORON® 92PL the latest material added to the PORON® 4790-92 family of extra soft, slow rebound polyurethane foams. In addition, it is conformable yet returns to its original shape, offering long-term performance in smart devices including tablets, laptops, and smart wearable devices.
This proposed research study on flexible heater market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for flexible heater market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the flexible heater market.
Impact of COVID-19 on flexible heater market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on flexible heater market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the flexible heater market, we have also included competitive landscape and key innovator analysis for the flexible heater market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the flexible heater market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global flexible heater market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: