Industry Background:
Growing Adoption in metallurgy application will help to boost global plasma furnace market. Plasma furnace is a device to melt a substance by low-temperature plasma flow, typically created by an electric arc heater. There are various advantages of plasma furnace such as high stability of the working process and an opportunity of continuous temperature adjustment by changing the plasmatron electric conditions, the opportunity of operation in practically any desired atmosphere, high degree adoption of alloying additions and relatively small pollution of ambient air.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Retech Systems LLC (United States), SECO/WARWICK Corp. (Poland), CAN-ENG Furnaces International Limited (Canada), Thermserve Ltd. (United Kingdom), Carrier Corporation (United States), ELTRO GmbH (Germany), Plasmait GmbH (Austria), L&L Special Furnace Co., Inc. (United States), China Electronics Technology Group Corp (China) and SEMCO Technologies S.A. (France) |
This growth is primarily driven by Rising Demand in Waste Treatments and Increasing Usage in Ceramic Melting.
Globally, a noticeable market trend is evident High Adoption Due To Use in Electrometallurgy Application
The Industrial Machinery sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Retech Systems LLC (United States), SECO/WARWICK Corp. (Poland), CAN-ENG Furnaces International Limited (Canada), Thermserve Ltd. (United Kingdom), Carrier Corporation (United States), ELTRO GmbH (Germany), Plasmait GmbH (Austria), L&L Special Furnace Co., Inc. (United States), China Electronics Technology Group Corp (China) and SEMCO Technologies S.A. (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 16th May 2019, SECO/WARWICK will provide a fire resistance test system at ALUPROF S.A., a leading producer of aluminum architectural systems in Europe. The laboratory furnace will test the fire resistance for vertical elements of building structures (glazed walls and curtain walls) at a temperature up to 1200 degrees C.
Influencing Trend:
High Adoption Due To Use in Electrometallurgy Application and Growing Demand in Metal Refining Process
Market Growth Drivers:
Rising Demand in Waste Treatments and Increasing Usage in Ceramic Melting
Challenges:
Health Concern Due To Ultraviolet and Infrared Radiation
Restraints:
High Initial Cost Required
Opportunities:
Huge Demand in End-User Industries in Developing Countries and Growing Opportunity Due to Technological Innovation Associated with Plasma Furnace
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Plasma Furnace Market
- Analysis about New Entrants in Plasma Furnace Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Plasma Furnace Study Sheds Light on
The Plasma Furnace Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Plasma Furnace industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plasma Furnace industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.