Global Electric Arc Furnace Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	172 Pages	TechNavio	December, 2023	INF18379519

Best Price Guarantee
Price	from $2,500
Length	172 Pages
Publisher	TechNavio
Published Date	December, 2023
SKU	INF18379519

Global Electric Arc Furnaces Market 2024-2028

The electric arc furnaces market is forecasted to grow by USD 749.23 mn during 2023-2028, accelerating at a CAGR of 10.7% during the forecast period. The report on the electric arc furnaces market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by recent developments in electric arc furnaces, growing preference for electric arc furnaces over traditional blast furnaces, and increasing application of steel scrap.

Technavio's electric arc furnaces market is segmented as below:

By Type

AC arc furnace
DC arc furnace

By Capacity

100 to 200 tons
200 to 300 tons
More than 300 tons
Upto 100 tons

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the advancements in electric arc furnace technology as one of the prime reasons driving the electric arc furnaces market growth during the next few years. Also, the rise in the adoption of electric vehicles and increasing production of dri will lead to sizable demand in the market.

The report on the electric arc furnaces market covers the following areas:

Electric arc furnaces market sizing
Electric arc furnaces market forecast
Electric arc furnaces market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric arc furnaces market vendors that include Daido Steel Co. Ltd., Danieli and C. Officine Meccaniche Spa, Doshi Technologies Pvt. Ltd., Electrotherm Ltd., GHI HORNOS INDUSTRIALES SL, IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Nucor Corp., Nupro Corp., Primetals Technologies Ltd., Resco Products Inc., SARRALLE, Shougang Corp., Siemens AG, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, Vesuvius Plc, and TYMEC. Also, the electric arc furnaces market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Market Segmentation by Capacity
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global electric arc furnace market 2018 - 2022
  - Table Historic Market Size – Data Table on global electric arc furnace market 2018 - 2022 ($ million)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
- Capacity Segment Analysis 2018 - 2022
  - Table Historic Market Size – Capacity Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- AC arc furnace - Market size and forecast 2023-2028
  - Table Chart on AC arc furnace - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on AC arc furnace - Market size and forecast 2023-2028 ($ million)
  - Table Chart on AC arc furnace - Year-over-year growth 2023-2028 (%)
  - Table Data Table on AC arc furnace - Year-over-year growth 2023-2028 (%)
- DC arc furnace - Market size and forecast 2023-2028
  - Table Chart on DC arc furnace - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on DC arc furnace - Market size and forecast 2023-2028 ($ million)
  - Table Chart on DC arc furnace - Year-over-year growth 2023-2028 (%)
  - Table Data Table on DC arc furnace - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by Capacity
- Market segments
  - Table Chart on Capacity - Market share 2023-2028 (%)
  - Table Data Table on Capacity - Market share 2023-2028 (%)
- Comparison by Capacity
  - Table Chart on Comparison by Capacity
  - Table Data Table on Comparison by Capacity
- 100 to 200 tons - Market size and forecast 2023-2028
  - Table Chart on 100 to 200 tons - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on 100 to 200 tons - Market size and forecast 2023-2028 ($ million)
  - Table Chart on 100 to 200 tons - Year-over-year growth 2023-2028 (%)
  - Table Data Table on 100 to 200 tons - Year-over-year growth 2023-2028 (%)
- 200 to 300 tons - Market size and forecast 2023-2028
  - Table Chart on 200 to 300 tons - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on 200 to 300 tons - Market size and forecast 2023-2028 ($ million)
  - Table Chart on 200 to 300 tons - Year-over-year growth 2023-2028 (%)
  - Table Data Table on 200 to 300 tons - Year-over-year growth 2023-2028 (%)
- More than 300 tons - Market size and forecast 2023- 2028
  - Table Chart on More than 300 tons - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on More than 300 tons - Market size and forecast 2023-2028 ($ million)
  - Table Chart on More than 300 tons - Year-over-year growth 2023-2028 (%)
  - Table Data Table on More than 300 tons - Year-over-year growth 2023-2028 (%)
- Upto 100 tons - Market size and forecast 2023-2028
  - Table Chart on Upto 100 tons - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Upto 100 tons - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Upto 100 tons - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Upto 100 tons - Year-over-year growth 2023-2028 (%)
- Market opportunity by Capacity
  - Table Market opportunity by Capacity ($ million)
  - Table Data Table on Market opportunity by Capacity ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- India - Market size and forecast 2023-2028
  - Table Chart on India - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on India - Market size and forecast 2023-2028 ($ million)
  - Table Chart on India - Year-over-year growth 2023-2028 (%)
  - Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Brazil - Market size and forecast 2023-2028
  - Table Chart on Brazil - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Brazil - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Recent developments in electric arc furnace
  - Growing preference for electric arc furnaces over traditional blast furnaces
  - Increasing application of steel scrap
- Market challenges
  - High cost of electric arc furnace technology
  - Uncertainty in demand for steel and price of steel scraps
  - Environmental concerns regarding usage of electric arc furnace technology
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Advancements in electric arc furnace technology
  - Rise in adoption of electric vehicles
  - Increasing production of DRI
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Daido Steel Co. Ltd.
  - Table Daido Steel Co. Ltd. - Overview
  - Table Daido Steel Co. Ltd. - Business segments
  - Table Daido Steel Co. Ltd. - Key offerings
  - Table Daido Steel Co. Ltd. - Segment focus
- Danieli and C. Officine Meccaniche Spa
  - Table Danieli and C. Officine Meccaniche Spa - Overview
  - Table Danieli and C. Officine Meccaniche Spa - Business segments
  - Table Danieli and C. Officine Meccaniche Spa - Key news
  - Table Danieli and C. Officine Meccaniche Spa - Key offerings
  - Table Danieli and C. Officine Meccaniche Spa - Segment focus
- Doshi Technologies Pvt. Ltd.
  - Table Doshi Technologies Pvt. Ltd. - Overview
  - Table Doshi Technologies Pvt. Ltd. - Product / Service
  - Table Doshi Technologies Pvt. Ltd. - Key offerings
- Electrotherm Ltd.
  - Table Electrotherm Ltd. - Overview
  - Table Electrotherm Ltd. - Business segments
  - Table Electrotherm Ltd. - Key offerings
  - Table Electrotherm Ltd. - Segment focus
- IHI Corp.
  - Table IHI Corp. - Overview
  - Table IHI Corp. - Business segments
  - Table IHI Corp. - Key news
  - Table IHI Corp. - Key offerings
  - Table IHI Corp. - Segment focus
- JP Steel Plantech Co.
  - Table JP Steel Plantech Co. - Overview
  - Table JP Steel Plantech Co. - Product / Service
  - Table JP Steel Plantech Co. - Key offerings
- Nippon Steel Corp.
  - Table Nippon Steel Corp. - Overview
  - Table Nippon Steel Corp. - Business segments
  - Table Nippon Steel Corp. - Key offerings
  - Table Nippon Steel Corp. - Segment focus
- Nucor Corp.
  - Table Nucor Corp. - Overview
  - Table Nucor Corp. - Business segments
  - Table Nucor Corp. - Key news
  - Table Nucor Corp. - Key offerings
  - Table Nucor Corp. - Segment focus
- Nupro Corp.
  - Table Nupro Corp. - Overview
  - Table Nupro Corp. - Product / Service
  - Table Nupro Corp. - Key offerings
- Primetals Technologies Ltd.
  - Table Primetals Technologies Ltd. - Overview
  - Table Primetals Technologies Ltd. - Product / Service
  - Table Primetals Technologies Ltd. - Key offerings
- Resco Products Inc.
  - Table Resco Products Inc. - Overview
  - Table Resco Products Inc. - Product / Service
  - Table Resco Products Inc. - Key offerings
- Shougang Corp.
  - Table Shougang Corp. - Overview
  - Table Shougang Corp. - Product / Service
  - Table Shougang Corp. - Key offerings
- Siemens AG
  - Table Siemens AG - Overview
  - Table Siemens AG - Business segments
  - Table Siemens AG - Key news
  - Table Siemens AG - Key offerings
  - Table Siemens AG - Segment focus
- SMS group GmbH
  - Table SMS group GmbH - Overview
  - Table SMS group GmbH - Product / Service
  - Table SMS group GmbH - Key offerings
- Tenova Spa
  - Table Tenova Spa - Overview
  - Table Tenova Spa - Product / Service
  - Table Tenova Spa - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations