Global Plasma Furnace Market Overview:
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. Some of the key players profiled in the study are 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).
On the basis of geography, the market of Plasma Furnace has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Plasma Furnace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand in Waste Treatments
- Increasing Usage in Ceramic Melting
- High Adoption Due To Use in Electrometallurgy Application
- Growing Demand in Metal Refining Process
- High Initial Cost Required
- Huge Demand in End-User Industries in Developing Countries
- Growing Opportunity Due to Technological Innovation Associated with Plasma Furnace
- Health Concern Due To Ultraviolet and Infrared Radiation
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.
Target Audience:Plasma Furnace Manufactures, Suppliers and Distributors, Industry Associations, Private and Government Research Associations, Government Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Plasma Furnace market on the basis of product [Ceramic Crucible Plasma Furnace, Crystallizer Plasma Furnace and Scull Plasma Furnace] , application [Metallurgy, Waste Treatment and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Plasma Furnace market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Plasma Furnace industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are PyroGenesis Canada Inc. (Canada) and Y.A.C. Holdings Co., Ltd. (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Plasma Furnace market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.