Global Thick Film Heater Market Size & Share, Growth Trends 2029 Forecast: Market Size to Reach $168 Million by 2029
In recent years, the global thick film heater market has shown a steady growth trend. According to our research data, the estimated global thick film heater market size in 2024 is $134 million, an increase of 4.12% compared to 2023.
Thick film heater is a new type of heating device that uses thick film screen printing technology to print insulating media, heating resistors and other materials on the substrate, and is sintered at high temperature. It usually has many advantages such as high power density, fast heating speed, high working temperature, fast heating rate, high mechanical strength, small size, easy installation, uniform heating temperature field, long service life, energy saving and environmental protection, safety, etc.
Related?Market?Research?Report:?Global Thick Film Heater Market Study Report 2024 Historical Trends, Growth, and Forecast to 2030
Overview of Market Development
In the future, with the increasing global demand for energy conservation, emission reduction, and intelligent manufacturing, thick film heaters have broad application prospects in various fields such as aerospace, automotive electronics, medical equipment, and household appliances. It is expected that by 2029, the global thick film heater market will grow by $168 million. The CAGR for 2024-2029 is estimated to be 4.63%.
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Segmented Market Analysis
From the perspective of product types, thick film heaters can be classified into metal thick film heaters, ceramic thick film heaters, and other types based on the substrate. Among them, metal thick film heaters are widely used in heating applications that require high temperature and high power due to their excellent thermal conductivity and stability, thus occupying a dominant market position. The market share is expected to reach 70.49% in 2024.
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From the perspective of downstream application patterns, thick film heaters are widely used in fields such as appliances, medical equipment, and industrial equipment. Among them, the appliance industry is the largest downstream application market, with an estimated application share of 49.26% in 2024.
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Global Thick Film Heater Market Size Forecast and Market Segment Analysis
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Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global thick film heater market is moderate. According to our data, the total revenue of the thick film heater market for the top 3 companies in 2023 was $40.96 million, with a total revenue share of 31.90%. The top 3 companies were Chromalox, WATLOW, and NIBE. In 2023, these three companies accounted for 14.19%, 9.90%, and 7.81% of the global market revenue in the thick film heater market, respectively.
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