Vacuum Arc Remelting Furnace (VAR) Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: ALD Vacuum Technologies, INTECO Group, Secowarwick, Xinlanhai

Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Vacuum Arc Remelting Furnace (VAR) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 5.69% during the review period (2022 to 2027).

Vacuum Arc Remelting Furnace (VAR) Market Overview

A vacuum arc remelting furnace (VAR) is an electric arc furnace used for producing high quality metal products from scrap metal by melting it and casting it in a mold. VARs are also known as inductive melt furnaces, scrap melting furnaces, or EAFs (electric arc furnaces). They are used for the recycling of steel and the production of new steel by re-melting scrap metal.

The Vacuum Arc Remelting Furnace (VAR) market is expected to register a significant growth in the coming years owing to the high penetration of the VAR systems in numerous manufacturing facilities across the globe. The vacuum arc melting process is used in welding and cutting applications for making bulk metal components that are used in aerospace and automobile industries.

Industry Updates:

• 12. November 2019, ALD Vacuum Technologies supplies single-chamber vacuum furnace to the aerospace industry-
  
  Convincing quality: since 1989 the first generation of ALD’s vacuum single-chamber furnaces has been running reliably in the production facility of Oerlikon Metco Coatings GmbH in Salzgitter, Germany. In September, this year, a purchase order of another state-of-the-art plant – type ALD MonoTherm®– was placed, which also meets Nadcap and AMS requirements.


• 07-Nov-2017, THE FIRST EUROPEAN RECYCLING AND REFINING PLANT FOR TITANIUM ALLOYS OPENED. SECO/WARWICK GROUP IS A TECHNOLOGY PROVIDER-
  
  In France, specifically in Saint-Georges-de-Mons (Puy-de-Dôme), a European recycling and refining plant for titanium alloys dedicated to aviation solutions has been opened. This is the first titanium-producing plant in Europe to produce titanium ingots with scrap from major manufacturers of aircraft and their subcontractors. RETECH, part of SECO/WARWICK Group, has become the main supplier of advanced vacuum metal technology for that strategic French project, which assumes creation of a European titanium source.

What are the major Applications, Types and Regions for Vacuum Arc Remelting Furnace (VAR) Market?

Vacuum Arc Remelting Furnace (VAR) Market is segmented based on the type, applications, companies and regions.

Market Volume (%) By Type, it is segmented into

• Below 1MT


• 1-8MT


• Above 8MT


• Others

Market Volume (%) By Applications it is segmented into

• Aerospace


• Military & Defense


• Electronics


• Power Engineering


• Other

Vacuum Arc Remelting Furnace (VAR) Market Regional Analysis

In 2017, North America held the largest share in the global vacuum arc remelting furnace market. The sales market for Vacuum Arc Remelting Furnace (VAR) was divided into five geographic regions. Asia-Pacific occupied the largest sales market share with about 45% in 2019. It is followed by Europe and North America with about 25% and 22% respectively, while other regions have smaller market.

In 2020, North America will have the greatest revenue share in the worldwide market. The increasing number of patent and trademark registrations as a result of increased R&D activities and product launches, as well as the presence of key market players in the region, are key factors contributing to North America's revenue share of the global Vacuum Arc Remelting Furnace (VAR) market. Furthermore, low patent renewal/maintenance costs imposed by the United States Patent and Trademark Office to avoid undue financial stress on patentees are a crucial element contributing to the market's revenue development. Due to increased R&D efforts and product improvements, as well as the resulting growth in patent and trademark registrations, Asia Pacific is likely to post a consistent revenue CAGR during the projection period. The availability of a comprehensive suite of IP renewal services at reasonable prices, including advice on patentability of inventions, filing and prosecution of patent applications, and proper renewal service guidance, has increased their adoption across APAC countries and contributed to the APAC market's revenue growth

All these factors greatly affect the Vacuum Arc Remelting Furnace (VAR) market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Vacuum Arc Remelting Furnace (VAR) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Vacuum Arc Remelting Furnace (VAR) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Vacuum Arc Remelting Furnace (VAR) Market report scope?

The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.

Key Highlights from this Vacuum Arc Remelting Furnace (VAR) Report

• A comprehensive backdrop analysis, which contains an assessment of the parent market


• Essential changes in market dynamics.


• Market segmentation up to the second or third level.


• Historical, current, and projected size of the market from the standpoint of both value and volume.


• Reporting and evaluation of recent industry developments.


• Market shares and strategies of major players.


• Emerging niche segments and regional markets.


• An objective assessment of the trajectory of the market.


• Recommendations to companies for strengthening their foothold in the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Vacuum Arc Remelting Furnace (VAR) Market is studied from 2017 - 2027.

What is the growth rate of Vacuum Arc Remelting Furnace (VAR) Market?

The Vacuum Arc Remelting Furnace (VAR) Market is growing at a CAGR of 5.69% over the next 5 years.

Who are the key players in Vacuum Arc Remelting Furnace (VAR) Market?

ALD Vacuum Technologies, INTECO Group, Secowarwick, Xinlanhai, Inductotherm Group (Consarc), Shenyang Jinyan, Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd., Hengjin, Dingsheng

What region does this Vacuum Arc Remelting Furnace (VAR) Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Vacuum Arc Remelting Furnace (VAR) Market?

Below 1MT, 1-8MT, Above 8MT, Others

What are the major end-use applications of Vacuum Arc Remelting Furnace (VAR) Market?

Aerospace, Military & Defense, Electronics, Power Engineering, Others.