Market Overview:
The global electric arc furnace transformers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric arc furnace transformers in various applications such as electronics, medical, and others. In terms of type, the ID below 0.1mm segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to the growing demand for miniaturized electric arc furnace transformers in various applications such as medical and others.
Product Definition:
Electric arc furnace transformers are used in electric arc furnaces to provide the high current levels necessary to heat and melt scrap metal.
ID Below 0.1mm:
IDBelow 0.1mm is used in the electric arc furnace transformer to detect the short circuit condition and over temperature of core, it's a smart chip technology that uses thermal camera for identifying components inside the transformer.
The main reason behind using IDBelow 0.1mm is to reduce maintenance cost.
0.1mm Above ID Below 0.5mm:
The 0.1mm above ID below 0.5mm market is expected to witness significant growth over the forecast period on account of growing demand for high-purity materials in electric arc furnace transformers, which are used in power plants for electricity generation. The product has a wide range of applications including insulation and core material in transformers that operate at different temperatures and pressures, thus making it necessary to have precise specifications regarding the same.
Application Insights:
The electronics application segment accounted for the largest share of over 30.0% in 2017 and is anticipated to witness significant growth during the forecast period. The growing demand for semiconductors, which are used in a wide range of electronic products such as smartphones, laptops and other related devices is expected to drive the industry growth over the coming years.
The medical application segment was valued at USD 536.3 million in 2017 owing to high product demand from various medical equipment manufacturers across the globe. Arc furnaces are widely used across different industries including oil & gas and power generation due to their ability to produce highly purified metal oxides (MTO) that have a higher melting point than those produced using flame or plasma technology thereby eliminating impurities present in metals thus making them suitable for use in bearings, valves and other components used across healthcare equipment manufacturing lines worldwide.
Regional Analysis:
Asia Pacific held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The region is home to several key players, which has resulted in a high penetration of electric arc furnaces transformers across end-use industries. China holds a dominant position as it manufactures nearly 40% of global transformer on account of low labor cost and abundant availability of raw materials such as copper, iron, steel and aluminum there.
North America accounted for more than 20% market share in 2017 owing to growing demand from medical industry for smaller size transformer with higher efficiency rating at lower price per unit volume. Europe held a significant revenue share in 2017 due to presence of major manufacturers including Siemens AG; Alstom Grid Ltd.; ABB Ltd.; General Electric; Belectric Co., Ltd.
Growth Factors:
- Growing demand from the construction and infrastructure sector
- Increasing demand for electric arc furnace transformers in the automotive industry
- Rising popularity of electric vehicles
- Growing investments in renewable energy sources
- Proliferation of smart grids
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Arc Furnace Transformers Market Research Report
By Type
ID Below 0.1mm, 0.1mm Above ID Below 0.5mm, 0.5mm Above ID Below 2mm, ID Above 2mm
By Application
Electronics Application, Medical Application, Others
By Companies
Furukawa Electric, MicroLumen, Nordson MEDICAL, HPC Medical Products (Teleflex Medical OEM), Putnam Plastics, Elektrisola Medical Technologies, Zeus, American Durafilm, Shenzhen D.soar Green, Huizhou Fusheng Insulation Materials, Bakai New Materials Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Electric Arc Furnace Transformers Market Report Segments:
The global Electric Arc Furnace Transformers market is segmented on the basis of:
Types
ID Below 0.1mm, 0.1mm Above ID Below 0.5mm, 0.5mm Above ID Below 2mm, ID Above 2mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics Application, Medical Application, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Furukawa Electric
- MicroLumen
- Nordson MEDICAL
- HPC Medical Products (Teleflex Medical OEM)
- Putnam Plastics
- Elektrisola Medical Technologies
- Zeus
- American Durafilm
- Shenzhen D.soar Green
- Huizhou Fusheng Insulation Materials
- Bakai New Materials Technology
Highlights of The Electric Arc Furnace Transformers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ID Below 0.1mm
- 0.1mm Above ID Below 0.5mm
- 0.5mm Above ID Below 2mm
- ID Above 2mm
- By Application:
- Electronics Application
- Medical Application
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Arc Furnace Transformers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric arc furnace Transformers are devices that convert electric power into heat in an arc furnace.
Some of the major players in the electric arc furnace transformers market are Furukawa Electric, MicroLumen, Nordson MEDICAL, HPC Medical Products (Teleflex Medical OEM), Putnam Plastics, Elektrisola Medical Technologies, Zeus, American Durafilm, Shenzhen D.soar Green, Huizhou Fusheng Insulation Materials, Bakai New Materials Technology.
The electric arc furnace transformers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Arc Furnace Transformers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Arc Furnace Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Arc Furnace Transformers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Arc Furnace Transformers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Arc Furnace Transformers Market Size & Forecast, 2020-2028
4.5.1 Electric Arc Furnace Transformers Market Size and Y-o-Y Growth
4.5.2 Electric Arc Furnace Transformers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 ID Below 0.1mm
5.2.2 0.1mm Above ID Below 0.5mm
5.2.3 0.5mm Above ID Below 2mm
5.2.4 ID Above 2mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics Application
6.2.2 Medical Application
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Arc Furnace Transformers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Arc Furnace Transformers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 ID Below 0.1mm
9.6.2 0.1mm Above ID Below 0.5mm
9.6.3 0.5mm Above ID Below 2mm
9.6.4 ID Above 2mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics Application
9.10.2 Medical Application
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 ID Below 0.1mm
10.6.2 0.1mm Above ID Below 0.5mm
10.6.3 0.5mm Above ID Below 2mm
10.6.4 ID Above 2mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics Application
10.10.2 Medical Application
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 ID Below 0.1mm
11.6.2 0.1mm Above ID Below 0.5mm
11.6.3 0.5mm Above ID Below 2mm
11.6.4 ID Above 2mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics Application
11.10.2 Medical Application
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 ID Below 0.1mm
12.6.2 0.1mm Above ID Below 0.5mm
12.6.3 0.5mm Above ID Below 2mm
12.6.4 ID Above 2mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics Application
12.10.2 Medical Application
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 ID Below 0.1mm
13.6.2 0.1mm Above ID Below 0.5mm
13.6.3 0.5mm Above ID Below 2mm
13.6.4 ID Above 2mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics Application
13.10.2 Medical Application
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Arc Furnace Transformers Market: Competitive Dashboard
14.2 Global Electric Arc Furnace Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Furukawa Electric
14.3.2 MicroLumen
14.3.3 Nordson MEDICAL
14.3.4 HPC Medical Products (Teleflex Medical OEM)
14.3.5 Putnam Plastics
14.3.6 Elektrisola Medical Technologies
14.3.7 Zeus
14.3.8 American Durafilm
14.3.9 Shenzhen D.soar Green
14.3.10 Huizhou Fusheng Insulation Materials
14.3.11 Bakai New Materials Technology
