Market Overview:
The global submerged arc furnaces 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 ferroalloys, silicon metal, fused alumina and calcium carbide from various end-use industries. In addition, the growing demand for yellow phosphorus in chemical and agricultural industries is also contributing to the growth of this market. Based on type, DC submerged arc furnace accounted for a major share of the global submerged arc furnaces market in 2017. This can be attributed to its advantages such as high efficiency and low operating costs as compared to AC submerged arc furnace.
Product Definition:
Submerged Arc Furnaces are a type of furnace used to melt and process metals. The furnace is submerged in a bath of molten metal, and an electrode is used to create the arc. This type of furnace is important because it can achieve high temperatures, which is necessary for melting metals.
DC Submerged Arc Furnace:
DC Submerged arc furnaces are a type of electric furnace used to melt metal for casting or forging. It is different from the gas-fired variety in that it uses direct current (DC) power supply instead of gas supply. The DC power source does not require any conversion and can provide higher temperatures as compared to AC powered counterparts, which makes it more suitable for melting metals than the traditional ones.
AC Submerged Arc Furnace:
AC SABF is a gas-fired furnace used in the production of steel. It has an advantage over its counter type as it can be fired from either side and does not require turning to change the facing direction. The basic operation of SABF consists of two steps, namely charging and melting.
Application Insights:
The ferroalloy application segment led the global submerged arc furnaces market in 2017. The product is widely used in the manufacturing of steel products for use in construction, automotive and other industries. Increasing demand for steel from emerging economies such as China, India and Brazil is expected to have a positive impact on industry growth over the forecast period.
The silicon metal application segment was valued at USD 281 million in 2017 owing to its wide-scale utilization as an important material in the electronics industry. Silicon metal functions as a critical component within electronic devices; thus, increasing production levels across various countries including China, Taiwan and Japan will fuel industry expansion over the coming years.
Other applications include calcium carbide which has been gaining popularity due to its properties such as high strength-to-weight ratio along with being resistant towards corrosion & oxidation when exposed to air & water vapor at elevated temperatures (1500°C).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030 owing to increasing demand for consumer electronics and infrastructure. China is anticipated to dominate the Asia Pacific market over the forecast period owing to its large steel industry. The country also produces a significant amount of ferroalloys and silicon metal, which are used in SFA equipment as well as secondary products such as construction materials and glass fibers.
Growth Factors:
- Increasing demand for steel in developing countries
- Growing automotive and construction industries
- Rising disposable income of consumers in developing countries
- Technological advancements in submerged arc furnaces
- Increasing use of submerged arc furnaces in recycling applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Submerged Arc Furnaces Market Research Report
By Type
DC Submerged Arc Furnace, AC Submerged Arc Furnace
By Application
Ferroalloy, Silicon Metal, Fused Alumina, Calcium Carbide, Yellow Phosphorus, Others
By Companies
SMS Group, Hammers Industries, Tenova Core, TENOVA, Siemens, Danieli, DongXong, YUEDA, Xi'an Abundance Electric 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Submerged Arc Furnaces Market Report Segments:
The global Submerged Arc Furnaces market is segmented on the basis of:
Types
DC Submerged Arc Furnace, AC Submerged Arc Furnace
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
Ferroalloy, Silicon Metal, Fused Alumina, Calcium Carbide, Yellow Phosphorus, 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:
- SMS Group
- Hammers Industries
- Tenova Core
- TENOVA
- Siemens
- Danieli
- DongXong
- YUEDA
- Xi'an Abundance Electric Technology
Highlights of The Submerged Arc Furnaces 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:
- DC Submerged Arc Furnace
- AC Submerged Arc Furnace
- By Application:
- Ferroalloy
- Silicon Metal
- Fused Alumina
- Calcium Carbide
- Yellow Phosphorus
- 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 Submerged Arc Furnaces 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
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- Consumer Insights
- Understanding Competition Scenario
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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?
Submerged arc furnaces are a type of electric furnace that uses an arc to heat metal. The furnace is submerged in a liquid bath, which helps to keep the metal hot and prevents it from sticking to the walls of the furnace.
Some of the key players operating in the submerged arc furnaces market are SMS Group, Hammers Industries, Tenova Core, TENOVA, Siemens, Danieli, DongXong, YUEDA, Xi'an Abundance Electric Technology.
The submerged arc furnaces 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 Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Submerged Arc Furnaces 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 Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size & Forecast, 2018-2028
4.5.1 Submerged Arc Furnaces Market Size and Y-o-Y Growth
4.5.2 Submerged Arc Furnaces Market Absolute $ Opportunity
Chapter 5 Global Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Type
5.2.1 DC Submerged Arc Furnace
5.2.2 AC Submerged Arc Furnace
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Applications
6.2.1 Ferroalloy
6.2.2 Silicon Metal
6.2.3 Fused Alumina
6.2.4 Calcium Carbide
6.2.5 Yellow Phosphorus
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Submerged Arc Furnaces 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 Submerged Arc Furnaces 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 Submerged Arc Furnaces Analysis and Forecast
9.1 Introduction
9.2 North America Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Type
9.6.1 DC Submerged Arc Furnace
9.6.2 AC Submerged Arc Furnace
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 Submerged Arc Furnaces Market Size Forecast by Applications
9.10.1 Ferroalloy
9.10.2 Silicon Metal
9.10.3 Fused Alumina
9.10.4 Calcium Carbide
9.10.5 Yellow Phosphorus
9.10.6 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 Submerged Arc Furnaces Analysis and Forecast
10.1 Introduction
10.2 Europe Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Type
10.6.1 DC Submerged Arc Furnace
10.6.2 AC Submerged Arc Furnace
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 Submerged Arc Furnaces Market Size Forecast by Applications
10.10.1 Ferroalloy
10.10.2 Silicon Metal
10.10.3 Fused Alumina
10.10.4 Calcium Carbide
10.10.5 Yellow Phosphorus
10.10.6 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 Submerged Arc Furnaces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Type
11.6.1 DC Submerged Arc Furnace
11.6.2 AC Submerged Arc Furnace
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 Submerged Arc Furnaces Market Size Forecast by Applications
11.10.1 Ferroalloy
11.10.2 Silicon Metal
11.10.3 Fused Alumina
11.10.4 Calcium Carbide
11.10.5 Yellow Phosphorus
11.10.6 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 Submerged Arc Furnaces Analysis and Forecast
12.1 Introduction
12.2 Latin America Submerged Arc Furnaces 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 Submerged Arc Furnaces Market Size Forecast by Type
12.6.1 DC Submerged Arc Furnace
12.6.2 AC Submerged Arc Furnace
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 Submerged Arc Furnaces Market Size Forecast by Applications
12.10.1 Ferroalloy
12.10.2 Silicon Metal
12.10.3 Fused Alumina
12.10.4 Calcium Carbide
12.10.5 Yellow Phosphorus
12.10.6 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) Submerged Arc Furnaces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Submerged Arc Furnaces 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) Submerged Arc Furnaces Market Size Forecast by Type
13.6.1 DC Submerged Arc Furnace
13.6.2 AC Submerged Arc Furnace
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) Submerged Arc Furnaces Market Size Forecast by Applications
13.10.1 Ferroalloy
13.10.2 Silicon Metal
13.10.3 Fused Alumina
13.10.4 Calcium Carbide
13.10.5 Yellow Phosphorus
13.10.6 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 Submerged Arc Furnaces Market: Competitive Dashboard
14.2 Global Submerged Arc Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SMS Group
14.3.2 Hammers Industries
14.3.3 Tenova Core
14.3.4 TENOVA
14.3.5 Siemens
14.3.6 Danieli
14.3.7 DongXong
14.3.8 YUEDA
14.3.9 Xi'an Abundance Electric Technology
