Report Description Table of Contents The submerged arc furnace market was worth USD 1.5 billion in 2023 and will be worth USD 2.1 billion by 2030, growing at a CAGR of 5.2% during the forecast period. The Global Submerged Arc Furnace (SAF) Market is supplemented by the rising demand for steel ferroalloys and other metals in the emerging regions and the industrial segments. In 2023, global steel production exceeded 1.9 billion tons, with a significant portion produced using submerged arc furnaces due to their efficiency in processing ferroalloys like ferrochrome, ferromanganese, and silicon metals. This has been stimulated by the increased need for infrastructural developments and the emergence of urban surroundings, especially in the Asia-Pacific region. One new generation adopted uses energy-efficient SAFs that decrease Carbon footprint and power usage. For instance, while the focus is on applying recently developed advanced SAFs during the production of silicon metal used in solar panels and electronics, the innovation shows a shift in metallurgical processes aiming at decarbonizing the global economy. One of the main opportunities in the SAF market is the increasing use of renewable energy raw materials, especially silicon metal used in the production of solar panels. The huge growth in solar plants worldwide is expected to reach a growth rate of 20% annually; thus, the demand for silicon metal is skyrocketing. SAFs synthesize high-purity silicon to produce solar cells and other electronic applications. A recent one was using energy-efficient and environmentally safer SAF technologies in producing silicon and ferroalloys. For example, current advanced and innovative methods are being incorporated into new forms of European SAFs to manufacture silicon metal that complies with environmental jurisdictions and the increasing global need for clean energy technologies. Market Segmentation By Furnace Type: AC Submerged Arc Furnace DC Submerged Arc Furnace By Product Type: Ferroalloys (Ferromanganese, Ferrochrome, Ferrosilicon) Silicon Metal Pig Iron Others (Calcium Carbide, Phosphorus) By Application: Steel Production Ferroalloy Production Non-ferrous Metal Production Silicon Metal Production Chemical Processing By End-use Industry: Steel Industry Mining Industry Energy & Power Chemical Industry Electronics Industry Metallurgical Industry By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA The Asia-Pacific region is the leading market for SAF due to its large production of steel and ferro alloys. China alone 2023 adjusted to over 50% of the global total, depending on SAFs for ferroalloys production, including ferromanganese and silicon metal, critical for steelmaking and electronics. Furthermore, India and South Korea are the global leaders in the ferroalloy industry, and any improvement in their production processes will expectantly increase the demand for SAF technology. The following recent development is the improvement of the SAFs in China to lower carbon emissions and energy efficiency in producing metals to support China’s goal of attaining carbon neutrality by 2060. These technologies and having a robust industrial base for the Asia-Pacific continue to shape the future of the SAF market. Key Players Tenova S.p.A. SMS Group Outotec Oyj Siemens AG Gulf Ferro Alloys Company (SABAYEK) ELECTROTHERM (India) Ltd. Pometon S.p.A. Primetals Technologies Limited XINGTAI STEEL SGL Group – The Carbon Company Frequently Asked Question About This Report . Table of Contents 1. SUBMERGED ARC FURNACE MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. SUBMERGED ARC FURNACE MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – SUBMERGED ARC FURNACE MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Furnace Type of Submerged Arc Furnace and End Use Outlook Analysis 4. HISTORIC TRENDS IN SUBMERGED ARC FURNACE MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA SUBMERGED ARC FURNACE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Submerged Arc Furnace Historical Market ($MILLION), (2017 – 2023) 6.2. North America Submerged Arc Furnace Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Furnace Type 6.3.1. AC Submerged Arc Furnace 6.3.2. DC Submerged Arc Furnace 6.4. North America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 6.4.1. Ferroalloys (Ferromanganese, Ferrochrome, Ferrosilicon) 6.4.2. Silicon Metal 6.4.3. Pig Iron 6.4.4. Others (Calcium Carbide, Phosphorus) 6.5. North America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Steel Production 6.5.2. Ferroalloy Production 6.5.3. Non-ferrous Metal Production 6.5.4. Silicon Metal Production 6.5.5. Chemical Processing 6.6. North America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use Industry 6.6.1. Steel Industry 6.6.2. Mining Industry 6.6.3. Energy & Power 6.6.4. Chemical Industry 6.6.5. Electronics Industry 6.6.6. Metallurgical Industry 6.7. North America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA SUBMERGED ARC FURNACE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE SUBMERGED ARC FURNACE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Submerged Arc Furnace Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Submerged Arc Furnace Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Furnace Type 8.4. Europe Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 8.5. Europe Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use Industry 8.7. Europe Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC SUBMERGED ARC FURNACE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Submerged Arc Furnace Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Submerged Arc Furnace Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Furnace Type 9.4. APAC Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 9.5. APAC Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use Industry 9.7. APAC Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA SUBMERGED ARC FURNACE MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Submerged Arc Furnace Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Submerged Arc Furnace Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Furnace Type 10.4. Latin America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Product Type 10.5. Latin America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By End-use Industry 10.7. Latin America Submerged Arc Furnace Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. Tenova S.p.A. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Gulf Ferro Alloys Company (SABAYEK) 11.3. ELECTROTHERM (India) Ltd. 11.4. Pometon S.p.A. 11.5. Primetals Technologies Limited 11.6. XINGTAI STEEL 11.7. SGL Group – The Carbon Company 11.8. OTHER MARKET PLAYERS