Flexible Heater Market worth .7 billion by 2027, at CAGR of 7.2%Posted by Vikas Gadiya on October 28th, 2022 Attractive Opportunity: Supercharge your Visualizations Rising requirements for innovative heating solutions, focus of OEMs on providing novel and efficient flexible heaters due to surging demand in medical, electronics & semiconductor, automotive & transportation and oil & gas industries are some of the major factors propelling the growth of flexible heater market. The increasing usage of flexible heaters in medical, aerospace, automotive & transportation and electronics & semiconductor are the key factors boosting the growth of the market. The global flexible heater market size is expected to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a CAGR of 7.2%. Increasing demand in Medical industry segment to account second-largest market share during the forecast period. The flexible heater market for the medical industry accounts the second-largest markets share and is expected to grow at a considerable rate during the forecast period. In the medical industry, the application of flexible heaters is primarily found in ultrasonic cleansers, fluid warmers, warming blankets, sterilization trays, blood warmer, temperature therapy equipment, warming blanket cabinets, dialysis machines, patient warming pads, and various other medical equipment. Increasing demand for such medical and related systems is expected to drive the market for flexible heaters. Flexible Heater Market : Top Leading Companies Profiles: The market for silicone rubber-based type held the largest share of the overall market in 2021. This type is also expected to grow at the fastest CAGR during the forecast period. Silicone rubber-based flexible heaters are used in semiconductor systems such as IC test handling equipment, plasma etch systems, photo-resist track systems and probing stations as well as in electronics appliances such as coffee maker, refrigeration equipment and wax maker. Major players in the flexible heater market are NIBE Industrier(Sweden), Honeywell International(US), Omega Engineering(US), Watlow Electric Manufacturing(UK) and Smiths Group(UK) are the top five players in the flexible heater market globally. Flexible Heater Market - Geographical Regional Vision by MarketsandmarketsTM Asia Pacific is expected to be the largest contributor to flexible heater market during the forecast period. Rapid industrialization and infrastructure developments are driving the growth of electronics and automotive industries in China, that is expected to increase the demand for flexible heaters in the region. Regions & Countries Covered: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Like it? Share it!More by this author |