Submerged Arc Furnace Market Analysis

 Product Type (DC Submerged arc furnace, AC Submerged arc furnace)

In submerged arc furnace market, AC submerged arc furnace segment is poised to account for more than 71.4% revenue share by the end of 2037. AC submerged arc furnace are efficient in maintenance and effective in achieving high temperatures required for smelting and ore refining operations. AC SAFs are demanded for their low energy consumption compared to other furnace technologies. As these furnaces work using electric arcs the energy input can be adjusted according to the requirements, which aids in reducing operational costs. Also, AC submerged arc furnace are versatile for smelting various types of materials such as ferrous and non-ferrous metals. All the above-mentioned characteristics of AC submerged arc furnace are contributing to their sales growth.

Application (Ferroalloy, Silicon Metal, Fused Alumina, Calcium Carbide, Yellow Phosphorus)

In submerged arc furnace market, ferroalloy segment is projected to hold revenue share of more than 38.5% by 2037. The automotive, infrastructure, and construction sectors are significantly driving high demand for steel, which is directly fuelling the need for ferroalloys such as ferrochrome, ferrosilicon, and ferromanganese. These ferroalloys are vital components used in the production of steel to enhance its physical and chemical properties.

Construction is one of the biggest consumers of steel owing to its durability and strength. In the automotive sector, steel is used to produce vehicle bodies. These sectors' high steel demand fuels the consumption of ferroalloys, and for the efficient and large production of ferroalloys advanced submerged arc furnace technologies are gaining boom As SAF systems can handle vast production cycles their high energy efficiency makes them ideal for the production of energy-intensive ferroalloys, contributing to overall submerged arc furnace market growth.

Our in-depth analysis of the global submerged arc furnace market includes the following segments: