Global Market for Flexible Heaters on Steady Growth Trajectory

September 25, 2018

WELLESLEY, Mass., Sept. 25, 2018– The global market for flexible heaters is set to experience impressive growth according to a new BCC Research report. With the ability to conform to any surface, flexible heaters are in high demand in multiple end-uses including wearable electronics, warming garments, automotive, food and beverages, aerospace, and defense and medical devices.

According to the report Flexible Heaters: Global Markets, flexible heaters have been increasingly used in RTD (resistor temperature detector) monitors and 3D printers, food equipment, surgical devices, LCD (liquid-crystal display) screens and smart devices, thereby driving the market. BCC Research projects that the global market for flexible heaters will grow from $3.5 billion in 2017 to $4.8 billion by 2022, indicating a five-year compound annual growth rate (CAGR) of 6.2%.

Major players in the global market for flexible heaters include: Thermos Heating Elements LLC, Honeywell, IHP International Heating Products AB, Zoppas Industries, Keenovo International Group Ltd., and Antique Heating Elements, among others.

Research Highlights

• Development of less expensive flexible heaters, customized flexible heaters and the usage of nano-hybrid materials in flexible heaters are factors driving demand.
• The most common types of flexible heaters are silicone rubber and polyimide heaters. In addition to being flexible, these heaters are lightweight with excellent thermal properties and dielectric strength.
• The Asia-Pacific region is estimated to grow at a high rate due to recent economic growth and the advantage of lower operating costs.

 “Flexible heaters are in high demand for various applications,” said BCC Research analyst and report author Aneesh Kumar “Growth and developments in these applications are sure to influence the global market for flexible heaters. Significant improvements in the market for flexible heaters such as the reduction in costs and use of advanced technology are paving the way for the increased utilization of flexible heaters.”

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Flexible Heaters: Global Markets( IAS109B )
Publish Date: Sep 2018    

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