Press release
Smelting Furnace Equipment Market Showcases Future Status of Prime Manufacturers Across Major Economies during 2018-2028 // Mitsubishi Materials Techno Co. Nippon Crucible Co., Ltd. Sanken Sangyo Co. Ltd, Superb Electromachinery Co., Limited, TOSHIBA MACH
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The advancements in portable and small smelting furnace equipment with motor drive chain tilting technology has supported the end users who are involved in metal research and foundries. Technological advancements such as warning systems for monitoring high voltage and current, and digital control system have enhanced the deployment of smelting furnace equipment. Energy-saving crucible type smelting furnace equipment with ceramic fiber lining has driven the Global Smelting Furnace Equipment Market. In addition to that, the advancements in optimized process technology in smelting furnace equipment support the production of high-quality metal products.
Smelting Furnace Equipment Market: Market Dynamics
The key challenge for the growth of the smelting furnace equipment market is the rise of respiratory problems for laborers who are involved in the smelting process. Various governments have laid down regulations to restrict the direct involvement of laborers in production plants where the continuous process is implemented. This issue has resulted in additional spending by end users to perform periodic medical checkups for the laborers.
Gas smelting furnace equipment is mostly used in the smelting of ferrous metals. Currently, electric smelting furnace equipment is mostly deployed for smelting the non-ferrous metals such as aluminum, copper, and zinc. In addition to that, induction smelting furnace equipment are also getting installed for production of precious metals such as gold and silver. The key driving factor for the adoption of these electric smelting furnace equipment are easy installation and quiet operation as compared to gas smelting furnace equipment.
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Technological advancements such as IGBT induction technology-based smelting equipment furnaces for non-ferrous metals are driving the adoption of induction smelting furnace equipment. In addition, digital induction technology provides seamless and efficient operations, and advanced circuits for less energy consumption. These factors has driven the adoption of induction smelting furnace equipment.
Smelting Furnace Equipment Market: Regional Outlook
The smelting furnace equipment market is driven by Asian countries, as it is majorly supported by manufacturing industries. Investments in aluminum and steel production plants in China and South East Asian countries are expected to drive the growth of the smelting furnace equipment market. The smelting furnace equipment market is also driven by mining companies and foundries. In addition, the deployment of advanced smelting furnace equipment in laboratories involved in metal research in developed economies such as the U.S., U.K., Germany, and Japan is expected to drive the smelting furnace equipment market.
Currently, the rising challenge based on environmental degradation due to the direct spillage of waste products into the atmosphere has affected the growth of the smelting furnace equipment market. Frequent monitoring about the safety of laborers and the environment is expected to drive the smelting furnace equipment market during the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, temperature, load, design, and application.
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