Global Electric Arc Furnaces Market Growth 2023-2029

Global Electric Arc Furnaces Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Electric Arc Furnaces Industry Forecast” looks at past sales and reviews total world Electric Arc Furnaces sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Arc Furnaces sales for 2023 through 2029. With Electric Arc Furnaces sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Arc Furnaces industry.

This Insight Report provides a comprehensive analysis of the global Electric Arc Furnaces landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Arc Furnaces portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electric Arc Furnaces market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Arc Furnaces and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Arc Furnaces.

The global Electric Arc Furnaces market size is projected to grow from US$ 627.4 million in 2022 to US$ 977.3 million in 2029; it is expected to grow at a CAGR of 977.3 from 2023 to 2029.

Danieli, SMS, Electrotherm, TENOVA and Primetals Technologies are the top 5 players of Electric Arc Furnaces, with about 56% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Arc Furnaces market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

AC-EAF

DC-EAF

Segmentation by application

Metal Smelting

Ore Smelting

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Danieli

SMS

Electrotherm

TENOVA

Primetals Technologies

Steel Plantech

IHI

Doshi

TYMEC

DongXong

Sermak Metal

XiYe Technology Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Arc Furnaces market?

What factors are driving Electric Arc Furnaces market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Arc Furnaces market opportunities vary by end market size?

How does Electric Arc Furnaces break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.


*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Global Electric Arc Furnaces by Company
4 World Historic Review for Electric Arc Furnaces by Geographic Region
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Electric Arc Furnaces by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

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