Market Overview:
The global electrode slag remelting furnace (ESR) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ESRs from various end-use industries, such as aerospace, military & defense, electronics, power engineering and others. In addition, the growing demand for ESRs in developing countries is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
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Product Definition:
An electrode slag remelting furnace (ESR) is a furnace that melts electrode slag to produce a molten metal product. The importance of an ESR is that it allows for the recycling of valuable metals from electrode slag, which would otherwise be discarded as waste.
Below 1MT:
Below 1MT is a term used for the slag that remains after metal and taconite in electrode slag have been separated. The amount of below 1MT can vary from 0 to 50% by volume, based on the composition of the raw materials. It has no value as far as quality is concerned; it can be used as an aggregate with taconite or sold separately.
1-10MT:
1-10MT is a type of metallurgical tungsten that has been processed to remove most of the molybdenum and tungsten while leaving behind the titanium. It has an approximately 90% content by weight mixture of titanium, which makes it ideal for use in ESR (Electrode Slag Remelting Furnace) process.
Application Insights:
Electrode slag remelting furnace is used in various applications including aerospace, military & defense, electronics, power engineering and others. The other applications segment includes automotive industry and construction industry. In 2017, the automotive segment dominated the global market with a share of over 30% in terms of revenue. Increasing production of electric vehicles is expected to drive demand for electrode slag over the forecast period as it has high electrical conductivity which helps improve battery performance.
The power engineering application accounted for a significant market share in 2017 owing to growing demand from China and India for its use as an alternative fuel source to fire up their existing coal-fired plants due to its low carbon emission property compared to that from fossil fuels such as coal or oil-fired plants. Furthermore, increasing government support towards research & development on advanced ESR technology coupled with rising awareness regarding environment protection is anticipated to propel product demand over the forecast period globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest aircraft manufacturing companies such as Boeing, Airbus, and Lockheed Martin. These companies are investing huge amounts in R&D activities for developing advanced aircraft with low weight & cost. This has led to an increase in demand for electrode slag remelting furnaces used for producing high-quality steel from these players across Asia Pacific region.
Europe accounted for a significant share of global revenue due to large investments made by major aerospace manufacturers such as Safran Group; MTU Aero Engines; Alstom; Rolls-Royce Holdings Plc.; General Electric Co.; United Technologies Inc.; and others across Europe region. In addition, increasing military expenditure by various countries including Russia, France, Germany Italy among other Eastern European countries are anticipated to boost product demand over the next eight years (2018 - 2030).
Growth Factors:
- Growing demand from the automotive and aerospace industries for high-quality electrode slag remelting furnaces
- Increasing adoption of ESR technology in foundries and other manufacturing facilities
- Rising demand for energy-efficient and cost-effective slag remelting furnaces
- Technological advancements in ESR furnace design and operation
- Growing awareness about the benefits of using electrode slag remelting furnaces
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrode Slag Remelting Furnace (ESR) Market Research Report
By Type
Below 1MT, 1-10MT, Above 10MT
By Application
Aerospace, Military & Defense, Electronics, Power Engineering, Others
By Companies
ALD Vacuum Technologies, INTECO Group, Inductotherm Group (Consarc）, Xinlanhai, Haoyu, Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd., Shanghai Electric Heavy Machinery
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Electrode Slag Remelting Furnace (ESR) Market Report Segments:
The global Electrode Slag Remelting Furnace (ESR) market is segmented on the basis of:
Types
Below 1MT, 1-10MT, Above 10MT
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
Aerospace, Military & Defense, Electronics, Power Engineering, 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:
- ALD Vacuum Technologies
- INTECO Group
- Inductotherm Group (Consarc）
- Xinlanhai
- Haoyu
- Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd.
- Shanghai Electric Heavy Machinery
 Market Overview.svg)
Highlights of The Electrode Slag Remelting Furnace (ESR) 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:
- Below 1MT
- 1-10MT
- Above 10MT
- By Application:
- Aerospace
- Military & Defense
- Electronics
- Power Engineering
- 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 Electrode Slag Remelting Furnace (ESR) 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
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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 electrode slag remelting furnace is a type of industrial furnace used to melt and cast metals from their raw materials. The molten metal is then drawn off the top of the furnace and poured into molds or other shapes.
Some of the major players in the electrode slag remelting furnace (esr) market are ALD Vacuum Technologies, INTECO Group, Inductotherm Group (Consarc）, Xinlanhai, Haoyu, Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd., Shanghai Electric Heavy Machinery.
The electrode slag remelting furnace (esr) 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 Electrode Slag Remelting Furnace (ESR) 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 Electrode Slag Remelting Furnace (ESR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrode Slag Remelting Furnace (ESR) 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 Electrode Slag Remelting Furnace (ESR) 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 Electrode Slag Remelting Furnace (ESR) Market Size & Forecast, 2020-2028
4.5.1 Electrode Slag Remelting Furnace (ESR) Market Size and Y-o-Y Growth
4.5.2 Electrode Slag Remelting Furnace (ESR) 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 Below 1MT
5.2.2 1-10MT
5.2.3 Above 10MT
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 Aerospace
6.2.2 Military & Defense
6.2.3 Electronics
6.2.4 Power Engineering
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrode Slag Remelting Furnace (ESR) 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 Electrode Slag Remelting Furnace (ESR) 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 Below 1MT
9.6.2 1-10MT
9.6.3 Above 10MT
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 Aerospace
9.10.2 Military & Defense
9.10.3 Electronics
9.10.4 Power Engineering
9.10.5 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 Below 1MT
10.6.2 1-10MT
10.6.3 Above 10MT
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 Aerospace
10.10.2 Military & Defense
10.10.3 Electronics
10.10.4 Power Engineering
10.10.5 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 Below 1MT
11.6.2 1-10MT
11.6.3 Above 10MT
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 Aerospace
11.10.2 Military & Defense
11.10.3 Electronics
11.10.4 Power Engineering
11.10.5 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 Below 1MT
12.6.2 1-10MT
12.6.3 Above 10MT
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 Aerospace
12.10.2 Military & Defense
12.10.3 Electronics
12.10.4 Power Engineering
12.10.5 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 Below 1MT
13.6.2 1-10MT
13.6.3 Above 10MT
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 Aerospace
13.10.2 Military & Defense
13.10.3 Electronics
13.10.4 Power Engineering
13.10.5 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 Electrode Slag Remelting Furnace (ESR) Market: Competitive Dashboard
14.2 Global Electrode Slag Remelting Furnace (ESR) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALD Vacuum Technologies
14.3.2 INTECO Group
14.3.3 Inductotherm Group (Consarc）
14.3.4 Xinlanhai
14.3.5 Haoyu
14.3.6 Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd.
14.3.7 Shanghai Electric Heavy Machinery
