Increasing Technological Advancement to Metallurgical Equipment Market Analysis and Top Key Players (SMS Siemag, DANIELI, Mitsubishi Hitachi Metals Machinery, DHHI, Sinosteel Group) | Foreseen Till 2025

Global Metallurgical Equipment Market Synopsis:

The report covers a forecast and an analysis of the Metallurgical Equipment Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Metallurgical Equipment Market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Metallurgical Equipment Market on a global level.

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In terms of the geographic analysis, The Metallurgical Equipment Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Metallurgical Equipment Market ecosystem results in the increasing adoption of these systems in North America.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Metallurgical Equipment Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 SMS Siemag

2 Siemens VAI Metals Technologies

3 DANIELI

4 Mitsubishi Hitachi Metals Machinery

5 DHHI

6 Sinomach Heavy Equipment Group

7 Sinosteel Group

8 Uralmashzavod

9 EUnited Metallurgy and More…………….

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Product Type Segmentation

1 Ironmaking Equipment

2 Steelmaking Equipment

3 Metal Rolling Machinery

Industry Segmentation

1 Iron Works

2 Steel Mills

On the basis of Regional analysis, North America and Europe holds major share in global Metallurgical Equipment market. Moreover, Asia-Pacific is expected to record higher growth rate in Metallurgical Equipment Market during the forecast year.

Global Industry News:

Mitsubishi Hitachi Power Systems (MHPS) (May 19, 2020) - MHPS Captures Global Gas Turbine Market Share Leadership Again - Mitsubishi Hitachi Power Systems (MHPS) ranks first in market share by megawatts for gas turbine orders in 2020 according to data obtained from McCoy Power Reports. First quarter global orders of 2,638 MW brought MHPS' market share to 28.5 percent globally. This increase in gas turbine market share was largely responsible for worldwide order booking increasing 19.7 percent during MHPS' fiscal year ending March 31, 2020.

“The extremely competitive global gas turbine market has moved in our direction with a clear preference for our JAC gas turbines, which are more reliable than competitor's gas turbines while providing record-setting fuel efficiency and output,” said Ken Kawai, MHPS President and Chief Executive Officer. “Sales of MHPS' gas turbines in both the advanced class and aero-derivative segments have gained momentum as utilities, independent power producers and municipalities around the world seek to lower their electricity cost through our unique combination of proven reliability and world class performance.”

MHPS' J-Series gas turbines first entered commercial operation in 2011 and hold world-record reliability at 99.5%. In addition, they deliver combined cycle efficiency greater than 64%. The installed fleet of J-Series gas turbines recently achieved one million hours of commercial operation worldwide, which is nearly double that of competitors' similar sized gas turbines.

Boosting MHPS' first quarter 2020 market share was an order for the first two renewable-hydrogen-capable JAC gas turbines for the Intermountain Power Agency in Delta, Utah. Dan Eldredge of the Intermountain Power Agency said, “We chose MHPS' JAC power trains because they offered the best overall solution for our power generation equipment requirements, including the fuel flexibility that will enable us to meet our incremental goals toward 100% carbon-free power generation by 2045. With MHPS' tools and support, we expect to reliably provide cleaner power for decades to come.”

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Major Points in Table of Contents:

Global Metallurgical Equipment Market Report 2020

1 Metallurgical Equipment Product Definition

2 Global Metallurgical Equipment Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Metallurgical Equipment Shipments

2.2 Global Manufacturer Metallurgical Equipment Business Revenue

2.3 Global Metallurgical Equipment Market Overview

2.4 COVID-19 Impact on Metallurgical Equipment Industry

3 Manufacturer Metallurgical Equipment Business Introduction

3.1 SMS Siemag Metallurgical Equipment Business Introduction

3.2 Siemens VAI Metals Technologies Metallurgical Equipment Business Introduction

3.3 DANIELI Metallurgical Equipment Business Introduction

3.4 Mitsubishi Hitachi Metals Machinery Metallurgical Equipment Business Introduction

3.5 DHHI Metallurgical Equipment Business Introduction

3.6 Sinomach Heavy Equipment Group Metallurgical Equipment Business Introduction

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