Global Flexible Heater Market (2022 to 2027) – Applications in Oil & Gas and Petrochemical Industries Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Flexible Heater Market by Type (Silicone Rubber, Polyimide, Polyester, Mica), Industry (Electronics & Semiconductor, Medical, Aerospace, Automotive & Transportation, Food & Beverages, Oil & Gas) and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global flexible heater market size is anticipated to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 7.2% from 2022 to 2027.

Rising requirements for flexible heaters due to technological advancement in several industries such as medical, electronics & semiconductor, aerospace, automotive & transportation, launch of innovative products which require process heat and freeze protection, and continuous research and development of new types of flexible heater are some of the major factors propelling the growth of flexible heater market.

Mica-based flexible heater type to grow at a significant CAGR from 2022 to 2027

Mica-based flexible heaters are energy-efficient and cost-effective, and they provide excellent heating performance even at extreme temperatures. The mica-based flexible heaters are designed for application that require higher than normal watt densities and fast temperature recovery. They are economical and have high operating temperatures, for which they are used in air heaters, enclosure systems, food service equipment, packing equipment, and various other places. As a results of these features, mica-based flexible heaters are expected to grow at a significant CAGR during the forecast period.

Electronics & semiconductor industry is expected to contribute largest market share of the flexible heater market during the forecast period

The flexible heater market for the electronics & semiconductor industry accounts the largest markets share and is expected to grow at the fastest CAGR during the forecast period. Flexible heaters are used in semiconductor manufacturing equipment such as plasma etch systems, probing stations, IC test handling equipment, photo-resist track systems, LCD screen (in preheating), and semiconductor test modules. These heaters also find applications in electronics such as in refrigeration equipment, coffee maker, wax maker, and various other electronic products. The increase in demand for such products is expected to drive the market for flexible heaters in the electronics & semiconductor industry.

Asia is expected to account for the largest share of market during the forecast period

Asia Pacific is expected to contribute the largest size of the flexible heater market during forecast period. Asia Pacific is expected to contribute to the largest market share in the flexible heater market. The region is also expected to grow at the highest CAGR during the forecast period.

The increasing demand for flexible heaters in various medical equipment, analytical instruments, avionics and defense systems, semiconductor processes, and commercial food equipment is driving the growth of the flexible heater market. The electronics, semiconductor, and automotive industries are in the leading position in Asia Pacific, and the market for the medical device and food equipment manufacturing is expected to grow at the fastest rate in this region in the upcoming years.

Market Dynamics

Drivers

• Broad Scope in Various Industries
• Technological Advancements, Innovative Products, and Flexible Form Factor
• Surging Adoption in Medical Applications

Restraints

• Extensive Operational Costs

Opportunities

• Investments in It Sector and Demand in Electronics & Semiconductors Industry
• Applications in Oil & Gas and Petrochemical Industries
• Surging Demand for Electric Mobility

Challenges

• Deployment in Rugged Environments

Companies Mentioned

• All Flex Flexible Circuits
• Birk Manufacturing Inc
• Bucan
• Chromalox
• Delta/Acra
• Durex Industries
• Epec Engineered Technologies
• Holroyd Components
• Honeywell International
• Hotset
• Klc Corporation
• Minco
• Miyo Technology
• National Plastic Heater
• Nel Technologies
• Nibe Industrier
• Omega Engineering
• Rogers Corporation
• Sinomas
• Smiths Group
• Tempco Electric Heater
• Thermo Heating Elements
• Thermocoax
• Watlow Electric Manufacturing
• Zoppas Industries

For more information about this report visit https://www.researchandmarkets.com/r/2yxguo

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