Global Consumable Arc Furnace Market Growth 2023-2029

Global Consumable Arc Furnace Market Growth 2023-2029

The global Consumable Arc Furnace market size is projected to grow from US$ 118.4 million in 2022 to US$ 181.9 million in 2029; it is expected to grow at a CAGR of 6.3% from 2023 to 2029.

United States market for Consumable Arc Furnace is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Consumable Arc Furnace is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Consumable Arc Furnace is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Consumable Arc Furnace players cover SMS, Danieli, Primetals Technologies, DongXong, IHI, Nippon Steel, Electrotherm, Sermak Metal and Zebang Electric Furnace, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Consumable electrode melting furnace (VAR), also known as vacuum consumable electrode arc melting, is a consumable electrode produced by an induction melting furnace that is heated and smelted by a controllable AC arc in a vacuum environment. The basic method of producing titanium and titanium alloy ingots is still vacuum consumable arc melting.

LPI (LP Information)' newest research report, the “Consumable Arc Furnace Industry Forecast” looks at past sales and reviews total world Consumable Arc Furnace sales in 2022, providing a comprehensive analysis by region and market sector of projected Consumable Arc Furnace sales for 2023 through 2029. With Consumable Arc Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Consumable Arc Furnace industry.

This Insight Report provides a comprehensive analysis of the global Consumable Arc Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Consumable Arc Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Consumable Arc Furnace market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Consumable Arc Furnace and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Consumable Arc Furnace.

This report presents a comprehensive overview, market shares, and growth opportunities of Consumable Arc Furnace market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Less than 10t
10-50t
More than 50t

Segmentation by application
Metal Smelting
Ore Smelting
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SMS
Danieli
Primetals Technologies
DongXong
IHI
Nippon Steel
Electrotherm
Sermak Metal
Zebang Electric Furnace
Yuyou Metallurgical Equipment
Xi’an Tengye Metallurgical Engineering

Key Questions Addressed in this Report

What is the 10-year outlook for the global Consumable Arc Furnace market?

What factors are driving Consumable Arc Furnace market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Consumable Arc Furnace market opportunities vary by end market size?

How does Consumable Arc Furnace break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.