Global Electric Arc Furnaces Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Electric Arc Furnaces Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

An electric arc furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Electric arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary steelmaking.
The Electric Arc Furnaces market covers AC-EAF, DC-EAF, etc. The typical players include Danieli, SMS, Electrotherm, TENOVA, etc.

According to APO Research, The global Electric Arc Furnaces market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Electric Arc Furnaces is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Electric Arc Furnaces is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Electric Arc Furnaces is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Electric Arc Furnaces include Danieli, SMS, Electrotherm, TENOVA, Primetals Technologies, Steel Plantech, IHI, Doshi and TYMEC, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Electric Arc Furnaces, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Arc Furnaces.
The Electric Arc Furnaces market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Arc Furnaces market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Danieli
SMS
Electrotherm
TENOVA
Primetals Technologies
Steel Plantech
IHI
Doshi
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Electric Arc Furnaces segment by Type

AC-EAF
DC-EAF
Electric Arc Furnaces segment by Application

Metal Smelting
Ore Smelting
Others
Electric Arc Furnaces Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Arc Furnaces market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Electric Arc Furnaces and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Electric Arc Furnaces.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Arc Furnaces manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Electric Arc Furnaces in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Electric Arc Furnaces Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Electric Arc Furnaces Sales Estimates and Forecasts (2019-2030)
1.3 Electric Arc Furnaces Market by Type
1.3.1 AC-EAF
1.3.2 DC-EAF
1.4 Global Electric Arc Furnaces Market Size by Type
1.4.1 Global Electric Arc Furnaces Market Size Overview by Type (2019-2030)
1.4.2 Global Electric Arc Furnaces Historic Market Size Review by Type (2019-2024)
1.4.3 Global Electric Arc Furnaces Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Electric Arc Furnaces Sales Breakdown by Type (2019-2024)
1.5.2 Europe Electric Arc Furnaces Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Electric Arc Furnaces Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Electric Arc Furnaces Industry Trends
2.2 Electric Arc Furnaces Industry Drivers
2.3 Electric Arc Furnaces Industry Opportunities and Challenges
2.4 Electric Arc Furnaces Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Electric Arc Furnaces Revenue (2019-2024)
3.2 Global Top Players by Electric Arc Furnaces Sales (2019-2024)
3.3 Global Top Players by Electric Arc Furnaces Price (2019-2024)
3.4 Global Electric Arc Furnaces Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Electric Arc Furnaces Key Company Manufacturing Sites & Headquarters
3.6 Global Electric Arc Furnaces Company, Product Type & Application
3.7 Global Electric Arc Furnaces Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Electric Arc Furnaces Market CR5 and HHI
3.8.2 Global Top 5 and 10 Electric Arc Furnaces Players Market Share by Revenue in 2023
3.8.3 2023 Electric Arc Furnaces Tier 1, Tier 2, and Tier 3
4 Electric Arc Furnaces Regional Status and Outlook
4.1 Global Electric Arc Furnaces Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Electric Arc Furnaces Historic Market Size by Region
4.2.1 Global Electric Arc Furnaces Sales in Volume by Region (2019-2024)
4.2.2 Global Electric Arc Furnaces Sales in Value by Region (2019-2024)
4.2.3 Global Electric Arc Furnaces Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Electric Arc Furnaces Forecasted Market Size by Region
4.3.1 Global Electric Arc Furnaces Sales in Volume by Region (2025-2030)
4.3.2 Global Electric Arc Furnaces Sales in Value by Region (2025-2030)
4.3.3 Global Electric Arc Furnaces Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Electric Arc Furnaces by Application
5.1 Electric Arc Furnaces Market by Application
5.1.1 Metal Smelting
5.1.2 Ore Smelting
5.1.3 Others
5.2 Global Electric Arc Furnaces Market Size by Application
5.2.1 Global Electric Arc Furnaces Market Size Overview by Application (2019-2030)
5.2.2 Global Electric Arc Furnaces Historic Market Size Review by Application (2019-2024)
5.2.3 Global Electric Arc Furnaces Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Electric Arc Furnaces Sales Breakdown by Application (2019-2024)
5.3.2 Europe Electric Arc Furnaces Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Electric Arc Furnaces Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Danieli
6.1.1 Danieli Comapny Information
6.1.2 Danieli Business Overview
6.1.3 Danieli Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Danieli Electric Arc Furnaces Product Portfolio
6.1.5 Danieli Recent Developments
6.2 SMS
6.2.1 SMS Comapny Information
6.2.2 SMS Business Overview
6.2.3 SMS Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.2.4 SMS Electric Arc Furnaces Product Portfolio
6.2.5 SMS Recent Developments
6.3 Electrotherm
6.3.1 Electrotherm Comapny Information
6.3.2 Electrotherm Business Overview
6.3.3 Electrotherm Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Electrotherm Electric Arc Furnaces Product Portfolio
6.3.5 Electrotherm Recent Developments
6.4 TENOVA
6.4.1 TENOVA Comapny Information
6.4.2 TENOVA Business Overview
6.4.3 TENOVA Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.4.4 TENOVA Electric Arc Furnaces Product Portfolio
6.4.5 TENOVA Recent Developments
6.5 Primetals Technologies
6.5.1 Primetals Technologies Comapny Information
6.5.2 Primetals Technologies Business Overview
6.5.3 Primetals Technologies Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Primetals Technologies Electric Arc Furnaces Product Portfolio
6.5.5 Primetals Technologies Recent Developments
6.6 Steel Plantech
6.6.1 Steel Plantech Comapny Information
6.6.2 Steel Plantech Business Overview
6.6.3 Steel Plantech Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Steel Plantech Electric Arc Furnaces Product Portfolio
6.6.5 Steel Plantech Recent Developments
6.7 IHI
6.7.1 IHI Comapny Information
6.7.2 IHI Business Overview
6.7.3 IHI Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.7.4 IHI Electric Arc Furnaces Product Portfolio
6.7.5 IHI Recent Developments
6.8 Doshi
6.8.1 Doshi Comapny Information
6.8.2 Doshi Business Overview
6.8.3 Doshi Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Doshi Electric Arc Furnaces Product Portfolio
6.8.5 Doshi Recent Developments
6.9 TYMEC
6.9.1 TYMEC Comapny Information
6.9.2 TYMEC Business Overview
6.9.3 TYMEC Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.9.4 TYMEC Electric Arc Furnaces Product Portfolio
6.9.5 TYMEC Recent Developments
6.10 DongXong
6.10.1 DongXong Comapny Information
6.10.2 DongXong Business Overview
6.10.3 DongXong Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.10.4 DongXong Electric Arc Furnaces Product Portfolio
6.10.5 DongXong Recent Developments
6.11 Sermak Metal
6.11.1 Sermak Metal Comapny Information
6.11.2 Sermak Metal Business Overview
6.11.3 Sermak Metal Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Sermak Metal Electric Arc Furnaces Product Portfolio
6.11.5 Sermak Metal Recent Developments
6.12 XiYe Technology Group
6.12.1 XiYe Technology Group Comapny Information
6.12.2 XiYe Technology Group Business Overview
6.12.3 XiYe Technology Group Electric Arc Furnaces Sales, Revenue and Gross Margin (2019-2024)
6.12.4 XiYe Technology Group Electric Arc Furnaces Product Portfolio
6.12.5 XiYe Technology Group Recent Developments
7 North America by Country
7.1 North America Electric Arc Furnaces Sales by Country
7.1.1 North America Electric Arc Furnaces Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Electric Arc Furnaces Sales by Country (2019-2024)
7.1.3 North America Electric Arc Furnaces Sales Forecast by Country (2025-2030)
7.2 North America Electric Arc Furnaces Market Size by Country
7.2.1 North America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Electric Arc Furnaces Market Size by Country (2019-2024)
7.2.3 North America Electric Arc Furnaces Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Electric Arc Furnaces Sales by Country
8.1.1 Europe Electric Arc Furnaces Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Electric Arc Furnaces Sales by Country (2019-2024)
8.1.3 Europe Electric Arc Furnaces Sales Forecast by Country (2025-2030)
8.2 Europe Electric Arc Furnaces Market Size by Country
8.2.1 Europe Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Electric Arc Furnaces Market Size by Country (2019-2024)
8.2.3 Europe Electric Arc Furnaces Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Electric Arc Furnaces Sales by Country
9.1.1 Asia-Pacific Electric Arc Furnaces Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Electric Arc Furnaces Sales by Country (2019-2024)
9.1.3 Asia-Pacific Electric Arc Furnaces Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Electric Arc Furnaces Market Size by Country
9.2.1 Asia-Pacific Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Electric Arc Furnaces Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Electric Arc Furnaces Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Electric Arc Furnaces Sales by Country
10.1.1 Latin America Electric Arc Furnaces Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Electric Arc Furnaces Sales by Country (2019-2024)
10.1.3 Latin America Electric Arc Furnaces Sales Forecast by Country (2025-2030)
10.2 Latin America Electric Arc Furnaces Market Size by Country
10.2.1 Latin America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Electric Arc Furnaces Market Size by Country (2019-2024)
10.2.3 Latin America Electric Arc Furnaces Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Electric Arc Furnaces Sales by Country
11.1.1 Middle East and Africa Electric Arc Furnaces Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Electric Arc Furnaces Sales by Country (2019-2024)
11.1.3 Middle East and Africa Electric Arc Furnaces Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Electric Arc Furnaces Market Size by Country
11.2.1 Middle East and Africa Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Electric Arc Furnaces Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Electric Arc Furnaces Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Electric Arc Furnaces Value Chain Analysis
12.1.1 Electric Arc Furnaces Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Electric Arc Furnaces Production Mode & Process
12.2 Electric Arc Furnaces Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Electric Arc Furnaces Distributors
12.2.3 Electric Arc Furnaces Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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