Smelting Furnace Equipment Market: Introduction
Smelting is a process of applying heat to extract different metals from the ore or raw material. Smelting furnace equipment supports the smelting process for the primary and secondary production of metals and high quality scrap. Industry grade smelting furnace equipment is used in refining and melting operations on a larger scale. Smelting furnace equipment are mostly deployed for the smelting of aluminum, copper, steel, silver, gold, etc.
The advancements in portable and small smelting furnace equipment with motor drive chain tilting technology has supported the end users who are involved in metal research and foundries. Technological advancements such as warning systems for monitoring high voltage and current, and digital control system have enhanced the deployment of smelting furnace equipment. Energy-saving crucible type smelting furnace equipment with ceramic fiber lining has driven the global smelting furnace equipment market. In addition to that, the advancements in optimized process technology in smelting furnace equipment support the production of high-quality metal products.
Smelting Furnace Equipment Market: Market Dynamics
The key challenge for the growth of the smelting furnace equipment market is the rise of respiratory problems for laborers who are involved in the smelting process. Various governments have laid down regulations to restrict the direct involvement of laborers in production plants where the continuous process is implemented. This issue has resulted in additional spending by end users to perform periodic medical checkups for the laborers.
Gas smelting furnace equipment is mostly used in the smelting of ferrous metals. Currently, electric smelting furnace equipment is mostly deployed for smelting the non-ferrous metals such as aluminum, copper, and zinc. In addition to that, induction smelting furnace equipment are also getting installed for production of precious metals such as gold and silver. The key driving factor for the adoption of these electric smelting furnace equipment are easy installation and quiet operation as compared to gas smelting furnace equipment.
Technological advancements such as IGBT induction technology-based smelting equipment furnaces for non-ferrous metals are driving the adoption of induction smelting furnace equipment. In addition, digital induction technology provides seamless and efficient operations, and advanced circuits for less energy consumption. These factors has driven the adoption of induction smelting furnace equipment.
Smelting Furnace Equipment Market: Market Segmentation
The global smelting furnace equipment market can be segmented into product type, load, temperature, design, and application.
On the basis of product type, the global smelting furnace equipment market is segmented into:
On the basis of load, the global smelting furnace equipment market is segmented into:
- 1-5 Kg
- 6-20 Kg
- 21-50 Kg
- 51-100 Kg
- More than 100 Kg
On the basis of temperature, the global smelting furnace equipment market is segmented into:
- Less than 1000° C
- 1001 - 1200 °C
- 1201 - 1500 °C
- More than 1500 °C
On the basis of design, the global smelting furnace equipment market is segmented into:
On the basis of application, the global smelting furnace equipment market is segmented into:
- Industrial Metals
- Precious Metals
Smelting Furnace Equipment Market: Regional Outlook
The smelting furnace equipment market is driven by Asian countries, as it is majorly supported by manufacturing industries. Investments in aluminum and steel production plants in China and South East Asian countries are expected to drive the growth of the smelting furnace equipment market. The smelting furnace equipment market is also driven by mining companies and foundries. In addition, the deployment of advanced smelting furnace equipment in laboratories involved in metal research in developed economies such as the U.S., U.K., Germany, and Japan is expected to drive the smelting furnace equipment market.
Currently, the rising challenge based on environmental degradation due to the direct spillage of waste products into the atmosphere has affected the growth of the smelting furnace equipment market. Frequent monitoring about the safety of laborers and the environment is expected to drive the smelting furnace equipment market during the forecast period.
Smelting Furnace Equipment Market: Key Market Participants
Some of the key market participants in the global smelting furnace equipment market are:
- BIONICS SCIENTIFIC TECHNOLOGIES (P) LTD.
- Daiki Aluminium Industry Co., Ltd
- Fujidempa Kogyo Co., Ltd.
- HIROCHIKU CO., LTD.
- Hitachi Metals, Ltd.
- INDUCTOHEAT EUROPE GMBH
- Inductotherm Group Worldwide
- Marx GmbH & Co. KG
- Melting Solutions Ltd
- Meta Therm Furnace Pvt. Ltd.
- Mitsubishi Materials Techno Co.
- Nippon Crucible Co., Ltd.
- Sanken Sangyo Co. Ltd
- Superb Electromachinery Co., Limited
- TOSHIBA MACHINE CO.,LTD
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, temperature, load, design, and application.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
Fact.MR offers custom research services that help clients to get specific research solutions