North America Flexible Heater Market Size, Share & Industry Trends Analysis Report By Industry (Electronics & Semiconductor, Medical, Automotive, Food & Beverages, Aerospace, Oil & Gas and Others), By Type, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Flexible Heater Market
Market Report Description
The North America Flexible Heater Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Flexible heaters are also increasingly being utilized in smart digital electronics and devices such as RTD monitors, LCD screens, and 3D printers, particularly to implement direct heat efficiently without compromising reliability. Besides this, they are commonly used in battery warmers, surgical devices, and other applications.
Flexible heaters can operate at high efficiency under a variety of adverse conditions. Flexible heaters are also lightweight and simple to operate.These heaters' low thermal mass enables them to be used in many applications where weight is an issue and space for placement is limited. Flexible heaters are also used in electronic devices like wax melters, coffeemakers, and refrigerators, as well as in the aerospace and defense industries.
Besides that, flexible heaters can be wound multiple times without causing damage to the internal heating taps & heating elements. Such flexible heater properties are required to provide an effective and efficient heating source in a variety of applications, including medical devices, electronics, and a variety of industrial applications like a tank, vessel, and drum heating.
The expansion of logistics & delivery services, along with major e-commerce behemoths like Amazon, etc., have a significant impact on the demand for commercial vehicles. The development of engine technology is accelerating as worldwide emission standards rise. These elements significantly contribute to the region's regional growth in the automotive industry. Major automotive OEMs are based in the country, and its extensive support infrastructure, as well as electric vehicle policies, has a positive impact. In addition, the rising interest among young people in luxury cars is predicted to create prosperous opportunities for the automotive industry.
The US market dominated the North America Flexible Heater Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $377.1 million by 2028. The Canada market would showcase a CAGR of 8.8% during (2022 - 2028). Additionally, The Mexico market is experiencing a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Flexible Heater Market is Estimated to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Electronics & Semiconductor
- Food & Beverages
- Oil & Gas
- Silicone Rubber-based
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.)
- Birk Manufacturing, Inc.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free