Global Vacuum Arc Remelting Furnace (VAR) Market Insights and Forecast to 2028

Vacuum Arc Remelting Furnace (VAR) is used for secondary melting process for production of metal ingots with elevated chemical and mechanical homogeneity for highly demanding applications.
Market Analysis and Insights: Global Vacuum Arc Remelting Furnace (VAR) Market
Due to the COVID-19 pandemic, the global Vacuum Arc Remelting Furnace (VAR) market size is estimated to be worth US$ 66 million in 2022 and is forecast to a readjusted size of US$ 92 million by 2028 with a CAGR of 5.7% during the review period. Fully considering the economic change by this health crisis, Below 1MT accounting for % of the Vacuum Arc Remelting Furnace (VAR) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aerospace segment is altered to an % CAGR throughout this forecast period.
For the major players of Vacuum Arc Remelting Furnace (VAR), ALD Vacuum Technologies maintained its first place in the ranking in 2019, followed by INTECO Group, Inductotherm Group (Consarc), Secowarwick and Xinlanhai. Top 5 players accounted for about 48% of the Global Vacuum Arc Remelting Furnace (VAR) revenue market share in 2019.
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.

On the basis of product

type, Below 1MT segment is projected to account for the largest production volume market share during the forecast period; this segment was estimated to account for about 56% share in 2019 in terms of volume.
In the applications, Aerospace segment was estimated to account for the highest market share of about 40% in 2019 in terms of volume.
In terms of production side, this report researches the Vacuum Arc Remelting Furnace (VAR) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Vacuum Arc Remelting Furnace (VAR) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Vacuum Arc Remelting Furnace (VAR) Scope and Segment
Vacuum Arc Remelting Furnace (VAR) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Vacuum Arc Remelting Furnace (VAR) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Below 1MT
1-8MT
Above 8MT
Segment by Application
Aerospace
Military & Defense
Electronics
Power Engineering
Others
By Company
ALD Vacuum Technologies
INTECO Group
Inductotherm Group (Consarc）
Secowarwick
Xinlanhai
Suzhou Zhenwu (Zhenhu) Electric Furnace Co., Ltd.
Dingsheng
Shenyang Jinyan
Hengjin
Production by Region
North America
Europe
China
Australia
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE