Market Overview:
The Global Electric Vacuum Furnace 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 vacuum furnaces from the metallurgical industry, chemical industry, and other applications. The electromagnetic heat source segment is expected to dominate the market in terms of revenue share during the forecast period. However, the arc heat source segment is projected to grow at a higher CAGR than other segments during the forecast period.
Product Definition:
An electric vacuum furnace is a type of furnace that uses an electric arc to heat the workpiece. The workpiece is placed in a crucible and surrounded by electrodes. When the furnace is turned on, the electrodes produce an arc that heats the crucible and the workpiece.
Electromagnetic Heat Source:
Electromagnetic heat source is used in electric vacuum furnace to generate thermal energy. It’s basically an electromagnetic coil that generates heat by passing an electric current through it. The temperature of the core of the electromagnet changes according to the amount of current passed through it, this change in temperature causes a rise in steam or vapor inside the electromagnet which is then converted into hot air by a fan and sent out into room for heating purpose.
Resistance Heat Source:
Resistance heat source is a type of heating system which uses electrical energy for the production of heat. The vacuum furnace utilizes this technology to provide thermal insulation and energy efficiency in the manufacturing process. It works on the simple principle that if an electric current is passed through a resistive material, its temperature will rise and it will eventually produce heat.
Application Insights:
The other application segment includes automotive, medical and industrial applications. The demand for the electric furnace in the aforementioned applications is projected to grow at a CAGR of XX% from 2018 to 2030 owing to various benefits offered by these products such as compact size, low maintenance cost and easy installation over conventional gas furnaces.
The metallurgical industry accounted for a major share in 2017 owing to its dependence on steel production which requires huge amounts of heat treatment processes including annealing, normalizing and hardening etc., Electric furnace is widely used in this industry as they provide consistent temperature throughout the process which helps achieve better results with less time consumed.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to increasing demand for electric furnaces from various end-use industries, such as metallurgical and chemical, which are majorly driven by rising production of steel and other metals. In addition, growing automotive industry in the region is expected to drive product demand over the forecast period.
The Asia Pacific regional market accounted for a revenue share of more than 25% in 2017 owing to high steel production capacity across China, India, Japan and South Korea coupled with increased investments from foreign players such as POSCO (Pohang Iron & Steel Co.) Ltd., Nippon Steel & Sumitomo Metal Corporation Limited., etc. These factors are expected to drive product demand over the projected period.
Europe held a significant share in terms of both volume.
Growth Factors:
- Increasing demand for electric vacuum furnaces from the automotive and aerospace industries due to their ability to produce high-quality components with precise dimensional tolerances.
- Growing popularity of electric vacuum furnaces in the medical device manufacturing sector due to their ability to produce small, intricate parts with tight tolerances.
- Rising demand for electric vacuum furnaces from the semiconductor industry as they are used in the manufacture of advanced microchips and other electronic components.
- Increasing use of electric vacuum furnaces in research and development laboratories for prototyping new products and materials.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vacuum Furnace Market Research Report
By Type
Electromagnetic Heat Source, Resistance Heat Source, Arc Heat Source
By Application
Metallurgical Industry, Chemical Industry, Other
By Companies
ALD, B.M.I. Fours Industriels, OTTO JUNKER GMBH, Cieffe Forni Industriali, CONSARC, ECM Technologies, France Etuves, Gero Hochtemperaturöfen GmbH, Inductotherm, Koyo Thermos Systems, ALD, Memmert, Nabertherm, PINK GmbH Thermosysteme
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vacuum Furnace Market Report Segments:
The global Electric Vacuum Furnace market is segmented on the basis of:
Types
Electromagnetic Heat Source, Resistance Heat Source, Arc Heat Source
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
Metallurgical Industry, Chemical Industry, Other
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:
- ALD
- B.M.I. Fours Industriels
- OTTO JUNKER GMBH
- Cieffe Forni Industriali
- CONSARC
- ECM Technologies
- France Etuves
- Gero Hochtemperaturöfen GmbH
- Inductotherm
- Koyo Thermos Systems
- ALD
- Memmert
- Nabertherm
- PINK GmbH Thermosysteme
Highlights of The Electric Vacuum Furnace 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:
- Electromagnetic Heat Source
- Resistance Heat Source
- Arc Heat Source
- By Application:
- Metallurgical Industry
- Chemical Industry
- Other
- 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 Vacuum Furnace 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
- Business Expansion Strategies
- 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?
An electric vacuum furnace is a type of heating and cooling equipment that uses electricity to heat or cool air. The furnace works by circulating the air through coils that generate heat.
Some of the major players in the electric vacuum furnace market are ALD, B.M.I. Fours Industriels, OTTO JUNKER GMBH, Cieffe Forni Industriali, CONSARC, ECM Technologies, France Etuves, Gero Hochtemperatur¶fen GmbH, Inductotherm, Koyo Thermos Systems, ALD, Memmert, Nabertherm, PINK GmbH Thermosysteme.
The electric vacuum furnace 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 Vacuum Furnace 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 Vacuum Furnace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vacuum Furnace 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 Vacuum Furnace 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 Vacuum Furnace Market Size & Forecast, 2020-2028
4.5.1 Electric Vacuum Furnace Market Size and Y-o-Y Growth
4.5.2 Electric Vacuum Furnace 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 Electromagnetic Heat Source
5.2.2 Resistance Heat Source
5.2.3 Arc Heat Source
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 Metallurgical Industry
6.2.2 Chemical Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vacuum Furnace 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 Vacuum Furnace 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 Electromagnetic Heat Source
9.6.2 Resistance Heat Source
9.6.3 Arc Heat Source
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 Metallurgical Industry
9.10.2 Chemical Industry
9.10.3 Other
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 Electromagnetic Heat Source
10.6.2 Resistance Heat Source
10.6.3 Arc Heat Source
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 Metallurgical Industry
10.10.2 Chemical Industry
10.10.3 Other
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 Electromagnetic Heat Source
11.6.2 Resistance Heat Source
11.6.3 Arc Heat Source
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 Metallurgical Industry
11.10.2 Chemical Industry
11.10.3 Other
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 Electromagnetic Heat Source
12.6.2 Resistance Heat Source
12.6.3 Arc Heat Source
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 Metallurgical Industry
12.10.2 Chemical Industry
12.10.3 Other
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 Electromagnetic Heat Source
13.6.2 Resistance Heat Source
13.6.3 Arc Heat Source
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 Metallurgical Industry
13.10.2 Chemical Industry
13.10.3 Other
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 Vacuum Furnace Market: Competitive Dashboard
14.2 Global Electric Vacuum Furnace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALD
14.3.2 B.M.I. Fours Industriels
14.3.3 OTTO JUNKER GMBH
14.3.4 Cieffe Forni Industriali
14.3.5 CONSARC
14.3.6 ECM Technologies
14.3.7 France Etuves
14.3.8 Gero Hochtemperaturöfen GmbH
14.3.9 Inductotherm
14.3.10 Koyo Thermos Systems
14.3.11 ALD
14.3.12 Memmert
14.3.13 Nabertherm
14.3.14 PINK GmbH Thermosysteme
