The ‘Global Thick Film Heater Market Size, Share, Price, Trends, Growth, Report and Forecast 2023–2028’ by Expert Market Research gives an extensive outlook of the global thick film heater market, assessing the market on the basis of its segments like product, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018–2028)
- Historical Market Size (2022): USD 106.3 billion
- Forecast CAGR (2023–2028): 4.40%
- Forecast Market Size (2028): USD 136.8 billion
The rising demand for compact and energy-efficient heating and increasing industrial applications of thick film heaters are driving the thick film heater market growth. Highly versatile, thick film heaters are used in motor heaters, water heaters, plastic fabrication, semiconductors, food and beverage equipment, printing, automotives, and aviation and transportation, among others. The compact nature of thick film heaters and their ability to provide efficient heating in smaller spaces is anticipated to provide lucrative opportunities to the global thick film heater market in the coming years. Thick film heaters have high power density and can support rapid heat transfers even in smaller sizes, due to which their applications are likely to increase further.
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Rapid industrialisation and increasing population globally are leading to a heightened demand for thick film heaters in different manufacturing and production processes. They enable quick, precise, and reliable heating which can then be used for different devices or applications and is aiding the thick film heater market expansion. Automotives are a key industrial end user of thick film heaters, where the heaters are used for defrosting, de-icing, cabin heating, and seat heating. With rising demand for premium and luxury vehicles, and upgraded features in general automotives, the usage of thick film heaters in automotives is anticipated to increase further.
Thick Film Heater Industry Definition and Major Segments
A thick film heater of TFH is a type of heating element which contains multiple layers, including stainless steel or ceramic substrates, insulation layers, resistive layers, contact layer, and connective layer. They act as a heating element, providing reliable and steady heating, with support for rapid heat-up, due to which thick film heaters have wide applications.
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Based on product, the market is bifurcated into:
- Metal Thick Film Heater
- Ceramic Thick Film Heater
On the basis of application, the market is divided into:
- Medical Equipment
By region, the market is categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Thick Film Heater Market Trends
A growing focus on sustainability and energy-efficiency is a key trend impacting the global thick film heater market. These heaters have reduced power consumption and facilitate minimal heat loss while providing targeted heating, due to which they are more environmentally friendly as compared to traditional heaters. In large-scale applications, the energy savings provided by thick film heaters can become significant which is increasing their adoption.
Development of customised thick film heaters for targeted applications is another crucial trend in the market for thick film heaters. With customised thick film heaters, the form, size, and shape of the heater can be designed to fit the required application. Adjustable configurations also increase effectiveness of the thick film heaters, helping improve operational efficiency while reducing costs. The rising demand for thick film heaters that can operate in higher temperatures is also likely to bolster the demand for custom thick film heaters.
Regionally, the Asia Pacific is projected to witness substantial growth in the global thick film heater market over the forecast period, fuelled by rapid industrialisation and increasing population. There is a growing demand for household appliances, medical equipment, and industrial machinery in the region, with improving living standards leading to higher consumer spending. Infrastructural development in countries such as India and China are also surging the demand for household appliances and correspondingly, thick film heaters.
Key Market Players
The major players in the global thick film heater market report are Chromalox, Inc, Datec Coating Corporation, Ferro Techniek B.V., Noritake Co., Limited, Heatron, Inc, Thermo Heating Elements, LLC, Sedes Group Heating Elements, Hugeworth Industry Limited, and Flexitech Avia, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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