Market Overview:
The Global Vacuum Arc Remelting Furnace (VAR) 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 vacuum arc remelting furnaces in the aerospace, military & defense, electronics, power engineering and other industries. In addition, the growing adoption of vacuum arc remelting furnaces in emerging countries such as China and India is also contributing to the market growth. However, high initial investment cost is restraining the market growth.
 Industry Outlook.svg)
Product Definition:
The Vacuum Arc Remelting Furnace (VAR) is a furnace that uses a vacuum to remove impurities from the surface of metals. This results in a higher quality metal with a more uniform composition. The importance of the Vacuum Arc Remelting Furnace (VAR) is that it produces metals with fewer defects, which makes them better suited for use in high-quality applications.
Below 1MT:
Below 1MT is the lowest melting point of metal that can be reached in vacuum arc remelting furnace. It has no significance other than as a technicality to achieve lower melting point in vacuum arc remelting furnace. The temperature during the process of VAR ranges from 800°C to 1000°C and below 0°C, depending upon the feedstock used for VAR process.
1-8MT:
1-8MT is a type of metal thioglycolic acid. It has the formula (H2SO4)2. 8-mercapto thymine, also known as 1-8 MT, is an organic compound that contains one amino group and eight methionine groups. It is usually found in nature as a component of uracil, a nucleotide present in RNA and DNA.
Application Insights:
Electronics was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. VARs are widely used to melt various types of metal alloys, such as aluminum, magnesium, zinc, copper and steel. The use of vacuum arc remelting furnaces for melting metals in electronics industry has increased significantly owing to their ability to produce high-quality products with low energy consumption at a lower cost than other methods.
The power engineering segment is also anticipated to witness significant growth during the forecast period on account of rising demand from renewable energy generation equipment such as wind turbines and solar panels. In addition, increasing investments by foreign players in China and India are projected to boost product demand over the next seven years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing demand for electronic products in countries such as China, India, Japan, and South Korea. In addition, growing automotive industry in the region will drive product adoption over the forecast period.
Europe was valued at USD X million in 2017 owing to high demand for precision equipment from various end-use industries such as aerospace & defense and medical technology coupled with stringent regulations regarding energy consumption by the European Union (EU). The VARs are used across several applications including power engineering where they are used for producing vacuum pumps that operate on steam rather than electricity like conventional electric motors do. This results them being ecofriendly as compared with other arc remelting technologies which consume significant amounts of energy while generating considerable amount of waste heat.
Growth Factors:
- Increasing demand for vacuum arc remelting furnace from the automotive and aerospace industries due to the superior properties of VAR-treated metals.
- Growing popularity of vacuum arc remelting furnace among small and medium enterprises (SMEs) due to its low cost of ownership and easy operability.
- Rising demand for vacuum arc remelting furnace in the medical device industry as it helps improve product quality and consistency while reducing manufacturing costs.
- Increasing use of vacuum arc remelting furnaces in research institutes for developing new alloys and improving existing alloys' properties.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vacuum Arc Remelting Furnace (VAR) Market Research Report
By Type
Below 1MT, 1-8MT, Above 8MT
By Application
Aerospace, Military & Defense, Electronics, Power Engineering, Others
By Companies
ALD Vacuum Technologies, INTECO Group, Inductotherm Group (Consarc）, Secowarwick, Xinlanhai, Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd., Dingsheng, Shenyang Jinyan, Hengjin
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Vacuum Arc Remelting Furnace (VAR) Market Report Segments:
The global Vacuum Arc Remelting Furnace (VAR) market is segmented on the basis of:
Types
Below 1MT, 1-8MT, Above 8MT
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）
- Secowarwick
- Xinlanhai
- Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd.
- Dingsheng
- Shenyang Jinyan
- Hengjin
 Market Overview.svg)
Highlights of The Vacuum Arc Remelting Furnace (VAR) 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
- 1-8MT
- Above 8MT
- 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 Vacuum Arc Remelting Furnace (VAR) 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
 Market Statistics.svg)
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?
A Vacuum Arc Remelting Furnace (VAR) is a type of industrial furnace used to melt and cast metals. The furnace uses a vacuum arc to heat the metal until it liquefies, then it is drawn off the melting point and cast into desired shapes.
Some of the key players operating in the vacuum arc remelting furnace (var) market are ALD Vacuum Technologies, INTECO Group, Inductotherm Group (Consarc）, Secowarwick, Xinlanhai, Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd., Dingsheng, Shenyang Jinyan, Hengjin.
The vacuum arc remelting furnace (var) 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 Vacuum Arc Remelting Furnace (VAR) 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 Vacuum Arc Remelting Furnace (VAR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vacuum Arc Remelting Furnace (VAR) 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 Vacuum Arc Remelting Furnace (VAR) 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 Vacuum Arc Remelting Furnace (VAR) Market Size & Forecast, 2020-2028
4.5.1 Vacuum Arc Remelting Furnace (VAR) Market Size and Y-o-Y Growth
4.5.2 Vacuum Arc Remelting Furnace (VAR) 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 1-8MT
5.2.3 Above 8MT
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 Vacuum Arc Remelting Furnace (VAR) 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 Vacuum Arc Remelting Furnace (VAR) 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 1-8MT
9.6.3 Above 8MT
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 1-8MT
10.6.3 Above 8MT
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 1-8MT
11.6.3 Above 8MT
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 1-8MT
12.6.3 Above 8MT
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 1-8MT
13.6.3 Above 8MT
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 Vacuum Arc Remelting Furnace (VAR) Market: Competitive Dashboard
14.2 Global Vacuum Arc Remelting Furnace (VAR) 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 Secowarwick
14.3.5 Xinlanhai
14.3.6 Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd.
14.3.7 Dingsheng
14.3.8 Shenyang Jinyan
14.3.9 Hengjin
