Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Flexible Heater Market by Type (Silicone Rubber, Polyimide, Polyester, Mica), Industry (Electronics & Semiconductor, Medical, Aerospace & Defense, Automotive, Food & Beverages, Oil & Gas), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The flexible heater market is expected to grow from USD 844.2 million in 2017 to USD 1,356.4 million by 2023, at a CAGR of 7.5% from 2018 to 2023.
The factors such as a wide range of applications and rising demand from several industries are driving the growth of the flexible heater market. Flexible form factor, technological advancements, launch of innovative products, and high adoption of flexible heaters in medical applications are also driving the market towards significant growth.
However, the high operational cost of flexible heaters is restraining the growth of this market. New and emerging applications of flexible heaters in several industries, including building and construction, oil & gas, mining and metals, and chemicals, are likely to create growth opportunities for flexible heater market. The use of flexible heaters in extreme/harsh environments and the presence of competitive players in the market are the major challenges for the flexible heater market.
A few of the key companies operating in the flexible heater market are NIBE Industrier AB (Sweden), Honeywell International Inc. (US), Omega Engineering (US), Watlow Electric Manufacturing (US), Smiths Group plc (UK), Chromalox (US), Rogers Corporation (US), Minco Products, Inc. (US), Zoppas Industries S.P.A. (Italy), and All Flex Flexible Circuits (US), among others.
These players have adopted growth strategies such as product launches and acquisitions to expand their global presence and increase their share in the global flexible heater market. For instance, in February 2018, NIBE acquired Hemi Heating, which is a producer of heating jackets, heating tents, heating cables, heater fans, and several different temperature control options.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Major Opportunities in Flexible Heater Market
4.2 Flexible Heater Market, By Type
4.3 Flexible Heater Market, By Industry
4.4 Flexible Heater Market in APAC
4.5 Flexible Heater Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Wide Range of Applications and Rising Demand From Several Industries
5.2.1.2 Flexible Form Factor, Technological Advancements, and Launch of Innovative Products
5.2.1.3 High Adoption of Flexible Heaters in Medical Applications
5.2.2 Restraints
5.2.2.1 High Operational Cost
5.2.3 Opportunity
5.2.3.1 Increasing Demand From Electronics & Semiconductor Industry
5.2.3.2 New and Emerging Applications of Flexible Heaters
5.2.4 Challenges
5.2.4.1 Use in Extreme/Harsh Environments
5.2.4.2 High Competition From Tier-1 as Well as Smaller Players in Market
5.3 Value Chain Analysis
6 Flexible Heater Market, By Type
6.1 Introduction
6.2 Silicone Rubber-Based
6.2.1 Silicone Rubber-Based Flexible Heaters to Hold Major Share of Market
6.3 Polyimide- Based
6.3.1 Increasing Demand for Automotive Parts, Primarily Battery Warmers, to Drive Polyimide-Based Flexible Heater Market
6.4 Polyester-Based
6.4.1 APAC to Hold Largest Size of Polyester-Based Flexible Heater Market
6.5 Mica-Based
6.5.1 Demand for Mica-Based Flexible Heaters to Surge in Electronics & Semiconductor Industry
6.6 Others
6.6.1 Other Types of Flexible Heaters to Witness Highest CAGR in Market for Medical Industry
7 Flexible Heater Market, By Industry
7.1 Introduction
7.2 Electronics & Semiconductor
7.2.1 Silicone Rubber-Based Flexible Heaters to Hold Major Share of Market for Electronics & Semiconductor Industry
7.3 Medical
7.3.1 Flexible Heater Market for Medical Industry in APAC to Grow at Highest CAGR During Forecast Period
7.4 Aerospace & Defense
7.4.1 North America to Account for Largest Share of Flexible Heater Market for Aerospace & Defense Industry
7.5 Food & Beverages
7.5.1 APAC to Account for Largest Share of Flexible Heater Market for Food & Beverages Industry
7.6 Automotive
7.6.1 Flexible Heater Market for Automotive Industry in India and China to Grow at High CAGR During Forecast Period
7.7 Oil & Gas and Mining
7.7.1 RoW to Hold Significant Share of Flexible Heater Market for Oil & Gas and Mining Industry
7.8 Others
7.8.1 Silicon Rubber-Based Flexible Heaters to Dominate Market for Other Industries During Forecast Period
8 Geographic Analysis
9 Competitive Landscape
9.1 Overview
9.2 Player Ranking Analysis: Flexible Heater Market
9.3 Competitive Situations and Trends
9.3.1 Product Launches and Developments
9.3.2 Mergers and Acquisitions
10 Company Profile
10.1 Introduction
10.2 Key Players
10.2.1 Nibe Industrier
10.2.2 Honeywell International
10.2.3 Omega Engineering
10.2.4 Watlow Electric Manufacturing
10.2.5 Smiths Group
10.2.6 Chromalox
10.2.7 Rogers Corporation
10.2.8 Minco
10.2.9 Zoppas Industries
10.2.10 All Flex Flexible Circuits
10.3 Other Players
10.3.1 Tempco Electric Heater
10.3.2 Thermocoax
10.3.3 Durex Industries
10.3.4 Holroyd Components
10.3.5 Hotset
10.3.6 Miyo Technology
10.3.7 Thermo Heating Elements
10.3.8 Bucan
10.3.9 Delta/Acra
10.3.10 Nel Technologies
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