Flexible Heater Market Size, Share, Opportunities, And Trends By Type (Silicone Rubber-based, Polyimide-based, Polyester-Based, Mica-based, Others), By Industry Vertical (Healthcare, Automotive, Food And Beverage, Electronics, Oil And Gas, Aerospace And Defense, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Jul 2023
  • Report Code : KSI061615420
  • Pages : 141

The flexible heater market is estimated to grow at a CAGR of 6.03% during the forecast period.

The flexible heater market is a burgeoning industry that offers a diverse array of thin, lightweight, and versatile heating solutions tailored for various applications. These heaters, crafted from silicone rubber or polyimide, exhibit exceptional thermal conductivity and flexibility. Their widespread adoption includes sectors such as electronics, automotive, aerospace, medical devices, and consumer goods, facilitating temperature control, freeze protection, curing processes, and surface heating. Several pivotal factors propel the market's growth, including the heaters' notable efficiency, customizable nature, and aptitude for conforming to irregular surfaces. Furthermore, the demand for energy-efficient and lightweight heating solutions reinforces the market's trajectory. These industry leaders demonstrate a commitment to providing cutting-edge solutions that meet the unique requirements of diverse industries.

However, the flexible heater market faces challenges from alternative heating technologies, stringent regulatory standards, safety concerns, cost considerations, and installation/maintenance requirements. In general, the flexible heater market continues to experience robust growth due to its provision of efficient and customizable heating solutions. As the industry continues to drive technological advancements and foster innovation, it is poised to expand its reach, catering to a broader range of applications and industries.

The flexible heater market is driven by increasing demand for electric vehicle (EV) charging infrastructure and a surge in the need for personalized and wearable medical devices.

Increasing demand for electric vehicle (EV) charging infrastructure- The rapid growth of the electric vehicle market has fueled the demand for EV charging infrastructure. According to the International Energy Agency (IEA), The electric car market has seen remarkable growth, with global sales of electric vehicles (EVs) reaching 6.6 million in 2021, doubling from the previous year. EVs accounted for nearly 10% of global car sales in 2021, and the number of electric cars on the roads surpassed 16.5 million. China led the growth, with sales of 3.3 million EVs, while Europe and the United States experienced significant increases. The availability of more EV models, sustained policy support, and increasing affordability contributed to the market's success. However, due to affordability issues, EV sales still face challenges in emerging economies. Flexible heaters are essential components in EV charging stations, as they ensure efficient heat dissipation to maintain optimal charging performance and prevent overheating. The expansion of the EV charging infrastructure presents a significant growth opportunity for the flexible heater market.

A surge in the demand for personalized and wearable medical devices- The healthcare industry is witnessing a rise in the demand for personalized and wearable medical devices. Flexible heaters are essential in wearable devices such as smart patches, temperature monitoring devices, and therapeutic wearables, providing localized and controlled heating. The increasing focus on remote patient monitoring and personalized healthcare drives the adoption of flexible heaters in the medical device sector.

The silicone rubber-based segment will witness robust growth over the forecast period. 

The silicone rubber-based flexible heater market is projected to witness significant growth during the projected period. Silicone rubber-based heaters are well-suited for various applications with excellent flexibility and durability, high-temperature resistance, uniform heat distribution, and customization options. Their versatility and adaptability to emerging industries, such as electric vehicles and wearable devices, further contribute to their growth potential. Energy efficiency, safety features, and regulatory compliance make silicone rubber-based heaters a reliable choice for various industries.

Europe accounted for a significant share of the global flexible heater market.

Based on geography, the flexible heater market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Europe is another significant market for flexible heaters. The region is known for its focus on energy efficiency and sustainable solutions, creating a favorable environment for adopting flexible heating technologies. Industries such as automotive, pharmaceuticals, and food processing drive the demand for flexible heaters in the region. Government initiatives promoting renewable energy and the transition to electric vehicles also contribute to market growth in Europe. In Europe, government initiatives such as the European Green Deal, Renewable Energy Directive (RED II), Energy Efficiency Directive (EED), Horizon Europe, and the European Regional Development Fund (ERDF) support the adoption of flexible heaters and promote energy efficiency. These initiatives aim to reduce greenhouse gas emissions, increase the share of renewable energy, improve energy efficiency, and fund research and development in sustainable heating technologies. They create a favorable regulatory and financial environment for the growth of the flexible heater market in Europe.

Flexible Heater Market Scope:

 

Report Metric Details
Growth Rate CAGR of 6.03% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Type, Industry Vertical, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Rogers Corporation, Smiths Group plc, Space-Ray, Inc., Omega Engineering, Honeywell International Inc., NIBE Industrier AB, Watlow Electric Manufacturing, Minco Products, Inc., Zoppas Industries S.P.A., Backer Hotwatt, Inc., Gaumer Process Heaters
Customization Scope Free report customization with purchase

 

Market Segmentation:

  • BY TYPE
    • Silicone rubber-based
    • Polyimide-based
    • Polyester-Based
    • Mica-based
    • Others
  • BY INDUSTRY VERTICAL
    • Healthcare
    • Automotive
    • Food and Beverage
    • Electronics
    • Oil and Gas
    • Aerospace and Defense
    • Others
  • BY GEOGRAPHY
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

The global flexible heater market is estimated to grow at a CAGR of 6.03% during the forecast period.
Prominent key market players in the flexible heater market include Rogers Corporation, Smiths Group plc, Space-Ray, Inc., Omega Engineering, and Honeywell International Inc., among others.
The global flexible heater market has been segmented by type, end-use, and geography.
The flexible heater market is driven by increasing demand for electric vehicle (EV) charging infrastructure and a surge in the demand for personalized and wearable medical devices.
Europe accounted for a significant share of the global flexible heater market.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. FLEXIBLE HEATER MARKET BY TYPE

5.1. Introduction

5.2. Silicone rubber-based

5.3. Polyimide-based

5.4. Polyester-Based

5.5. Mica-based

5.6. Others

6. FLEXIBLE HEATER MARKET BY INDUSTRY VERTICAL

6.1. Introduction

6.2. Healthcare

6.3. Automotive

6.4. Food and Beverage

6.5. Electronics

6.6. Oil and Gas

6.7. Aerospace and Defense

6.8. Others

7. FLEXIBLE HEATER MARKET BY GEOGRAPHY

7.1. Introduction 

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Taiwan

7.6.7. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. COMPANY PROFILES

9.1. Rogers Corporation

9.2. Smiths Group plc

9.3. Space-Ray, Inc.

9.4. Omega Engineering

9.5. Honeywell International Inc.

9.6. NIBE Industrier AB

9.7. Watlow Electric Manufacturing

9.8. Minco Products, Inc.

9.9. Zoppas Industries S.P.A.

9.10. Backer Hotwatt, Inc.

9.11. Gaumer Process Heaters


Rogers Corporation

Smiths Group plc

Space-Ray, Inc.

Omega Engineering

Honeywell International Inc.

NIBE Industrier AB

Watlow Electric Manufacturing

Minco Products, Inc.

Zoppas Industries S.P.A.

Backer Hotwatt, Inc.

Gaumer Process Heaters