Global Electric Arc Furnace for Industry Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Electric Arc Furnace for Industry market size was valued at US$ 177 million in 2024 and is forecast to a readjusted size of USD 420 million by 2031 with a CAGR of 13.3% during review period.

An electric arc furnace (EAF) is a furnace that heats material by means of an electric arc.

The Electric Arc Furnace (EAF) is a crucial piece of equipment used in the steelmaking process to melt scrap metal and produce high-quality steel. Here are potential drivers that could influence the Electric Arc Furnace market:

Scrap Metal Recycling: Electric Arc Furnaces are integral to the recycling of scrap metal, promoting sustainable steel production and reducing the demand for raw materials.

Flexibility and Versatility: EAFs are versatile and can handle a wide range of steel grades and alloys, catering to diverse market demands.

Energy Efficiency: Electric Arc Furnaces offer energy-efficient steelmaking compared to traditional blast furnaces, contributing to reduced greenhouse gas emissions.

Reduced Carbon Footprint: The environmental benefits of EAFs align with growing initiatives to reduce carbon emissions and promote greener industrial processes.

Rising Steel Demand: Increasing global infrastructure projects, construction activities, and manufacturing drive the demand for steel production, bolstering the EAF market.

Automotive and Aerospace Industries: High-quality steel required by the automotive and aerospace sectors fuels the demand for EAF-produced steel.

Customization and Specialization: EAFs enable the production of specialty steels tailored to specific applications, meeting the needs of various industries.

Manufacturing Innovation: Advances in EAF technology lead to improved efficiency, productivity, and quality in steel production.

Reliability and Quality Control: EAFs offer precise control over the steelmaking process, ensuring consistent quality and meeting industry standards.

Regional Demand: EAFs are adopted in regions with high demand for steel and where scrap availability is significant.

Market Competitiveness: EAF-produced steel competes effectively in the market due to its flexibility and ability to adapt to changing demands.

Reduction in Import Dependency: EAF facilities can contribute to reducing a country"s dependency on steel imports, promoting self-sufficiency.

Modernization of Steel Industry: The transition from traditional methods to more advanced EAF technology modernizes the steel industry.

Global Economic Growth: Economic expansion and urbanization in emerging markets drive the need for steel, impacting the demand for EAFs.

Technological Advancements: Continuous innovations in EAF technology improve process efficiency, safety, and environmental impact.

Investment in Infrastructure: Government investments in infrastructure projects drive steel demand and EAF adoption.

Reduction in Steel Imports: EAFs can contribute to reducing the need to import steel, promoting domestic manufacturing and job creation.

Sustainable Production Practices: The sustainable practices associated with EAFs align with corporate social responsibility and sustainability goals.

This report is a detailed and comprehensive analysis for global Electric Arc Furnace for Industry market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Electric Arc Furnace for Industry market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Electric Arc Furnace for Industry market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Electric Arc Furnace for Industry market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (US$/Unit), 2020-2031

Global Electric Arc Furnace for Industry market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Electric Arc Furnace for Industry

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Electric Arc Furnace for Industry market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Steel Plantech, SMS, Primetals Technologies, IHI, NIPPON STEEL ENGINEERING, Danieli, Electrotherm, TENOVA, SARRALLE, Sermak Metal, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Electric Arc Furnace for Industry market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Less than 10t
10-50t
50-100t
More than 100t

Market segment by Application
Metal Smelting
Ore Smelting
Others

Major players covered
Steel Plantech
SMS
Primetals Technologies
IHI
NIPPON STEEL ENGINEERING
Danieli
Electrotherm
TENOVA
SARRALLE
Sermak Metal
CVS Technologies
Anyang Younengde Electric
Shaanxi Chengda Industry Furnaces
Jiangsu Lushoon Metallurgical
UkrNIIElectroterm
Zhuzhou Tianyi Electric Furnace

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electric Arc Furnace for Industry product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electric Arc Furnace for Industry, with price, sales quantity, revenue, and global market share of Electric Arc Furnace for Industry from 2020 to 2025.

Chapter 3, the Electric Arc Furnace for Industry competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electric Arc Furnace for Industry breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Arc Furnace for Industry market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Arc Furnace for Industry.

Chapter 14 and 15, to describe Electric Arc Furnace for Industry sales channel, distributors, customers, research findings and conclusion.