According to a new report, published by KBV research, The Global Flexible Heater Market size is expected to reach $2.42 billion by 2031, rising at a market growth of 7.3% CAGR during the forecast period.
The Silicone Rubber-based segment is leading the Global Flexible Heater Market by Type in 2023; thereby, achieving a market value of $903.5 million by 2031. These heaters are widely used across automotive, medical, and aerospace industries for applications requiring uniform heat distribution and resilience in harsh environments. Silicone rubber heaters can also operate in extreme temperatures, making them ideal for de-icing, viscosity control, and temperature-sensitive equipment applications. The growing use of electric vehicles and the automation of manufacturing processes have significantly enhanced demand within this sector, thereby reinforcing its position as a market leader.
The Medical segment is anticipating a CAGR of 7% during (2024 - 2031). The segment is growing owing to its extensive use in diagnostic devices, patient warming systems, and surgical instruments. Flexible heaters provide reliable and uniform heating, critical in medical applications where precision and safety are paramount. The surge in demand for advanced healthcare equipment, spurred by the increasing prevalence of chronic diseases and aging populations, alongside the heightened need for ventilators and diagnostic devices during the COVID-19 pandemic, significantly boosted the adoption of flexible heaters in this sector.
Full Report: https://www.kbvresearch.com/flexible-heater-market/
The Asia Pacific market dominated the Global Flexible Heater Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $936 million by 2031. The North America market is expected to witness a CAGR of 6.6% during (2024 - 2031). Additionally, The Europe market is expected to witness a CAGR of 7.1% during (2024 - 2031).
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