The Asia Pacific Flexible Heater Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
The rise in portable electronic battery-powered equipment is one of the main factors driving the demand for flexible heaters. With fewer devices, the durability of the heating element is critical. Some other factors driving the growth of the flexible heater market include technologically advanced features and flexible heater formation, expanding functions of heating devices in several industrial sectors. Because of the rapidly increasing demand for a wide range of functions, the flexible heater market is experiencing tremendous growth.
These heaters are used in semiconductor manufacturing for probing stations, copy machines, plasma etch systems, IC test handling equipment photo-resist track systems, ATM machines, handheld scanners, LCD screen preheating, and semiconductor test modules, and a variety of other applications. Manufacturers who require localized heating for their applications turn to the benefits of flexible heaters mounted to components and equipment. Based on the applications, these heaters can provide low-level or high-level heat at varying temperatures to provide the appropriate thermal transfer.
China is among the major producers of automobiles, semiconductors, and electronics. The nation is renowned for producing automobiles at reasonable prices. China is also making significant progress in promoting electric vehicles and building the necessary infrastructure. The largest economy in the region is its own. In the future years, this region is also anticipated to experience the fastest growth in demand for food & medical equipment. These factors collectively are driving the flexible heater market in China to increase.
The China market dominated the Asia Pacific Flexible Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $194.7 million by 2028. The Japan market is experiencing a CAGR of 6.7% during (2022 - 2028). Additionally, The India market is estimated to grow at a CAGR of 8% during (2022 - 2028).
Based on Industry, the market is segmented into Electronics & Semiconductor, Medical, Automotive, Food & Beverages, Aerospace, Oil & Gas and Others. Based on Type, the market is segmented into Silicone Rubber-based, Polyimide-based, Polyester-based, Mica-based and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Flexible Heater Market is Projected to reach USD 1.8 Billion by 2028, at a CAGR of 7.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NIBE Industrier AB, Corp., Honeywell International, Inc., Spirax Sarco Limited (Chromalox), Smiths Group PLC, Spectris PLC (Omega Engineering, Inc.), Watlow Electric Manufacturing Company, All Flex, Inc. Minco Products, Inc., Rogers Corporation (DuPont de Nemours, Inc.) and Birk Manufacturing, Inc.
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