Global Electric Arc Furnaces Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Electric Arc Furnaces market size was valued at US$ 733 million in 2024 and is forecast to a readjusted size of USD 1253 million by 2031 with a CAGR of 8.1% during review period.

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.

The Global key players of Electric Arc Furnaces include Danieli, SMS, TENOVA, etc. The top three players hold a share over 38%. Asia-Pacific is the largest market, and has a share about 58%. In terms of product type, AC-EAF is the largest segment, which occupied for a share of about 83%. For application, Metal Smelting is the largest segment, which has a share about 65%.

This report is a detailed and comprehensive analysis for global Electric Arc Furnaces 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 Furnaces market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

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

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

Global Electric Arc Furnaces market shares of main players, shipments in revenue ($ Million), sales quantity (K 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 Furnaces

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 Furnaces 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 Danieli, SMS, TENOVA, Steel Plantech, Electrotherm, IHI, Primetals Technologies, TYMEC, DongXong, Sermak Metal, etc.

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

Market Segmentation

Electric Arc Furnaces 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
AC-EAF
DC-EAF

Market segment by Application
Metal Smelting
Ore Smelting
Others

Major players covered
Danieli
SMS
TENOVA
Steel Plantech
Electrotherm
IHI
Primetals Technologies
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Doshi
Xi'an Huachang Metallurgical Technology
CVS Technologies

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 Furnaces product scope, market overview, market estimation caveats and base year.

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

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

Chapter 4, the Electric Arc Furnaces 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 Furnaces 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 Furnaces.

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