Question
Topic: Strategy
Low Voltage Heater - Brainstorming
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I would like to brainstorm ideas about potential markets for the products. Love to hear any thoughts MPers have on what would be potential markets.
The product is a heating cable. The inventor of it was part of the development team a what is now part of a Fortune 500 that sells similar cables (but theirs are line voltage - 120-240 volts). The inventor has come out with lower voltage versions (12-24 volts). The cable is meant to keep something warm, not heat so hot as to make water boil or cook something. Common applications for the high voltage company are keeping pipes from freezing, melting snow when installed in concrete paths or driveways, radiant floor heating when mounted in the floor of a home, and the like. The low voltage version my client has has similar thermal properties, so could do these same types of applications.
Low voltage version vs high voltage:
Benefits: safer than higher voltage (much of it is perceived safety, but there are some real safety benefits) and it is smaller in size/diameter, so can fit into smaller areas and also bends easier to conform to shapes (so along with use in cable form, can be mounted into pads or other areas for different applications).
Weakness: can't go as long a run than with the higher voltages.
These heaters versus general heaters:
Benefits: these heaters have a technology built in that makes them more energy efficient and they are easier to adjust the length of (inexpensive heaters almost always come in fixed lengths).
Weakness: price
There are not patent infringement or any other known issues preventing my client from going into any market, but he is also smart enough to know that he doesn't want to take the high voltage company on head to head. So we are looking at markets where we can find a niche where people benefit from this lower voltage cable.
Any thoughts?