Global Industrial Electric Arc Furnaces (EAC) Market Growth 2023-2029

Global Industrial Electric Arc Furnaces (EAC) 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.

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

This Insight Report provides a comprehensive analysis of the global Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Electric Arc Furnaces (EAC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC).

The global Industrial Electric Arc Furnaces (EAC) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Industrial Electric Arc Furnaces (EAC) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Industrial Electric Arc Furnaces (EAC) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Industrial Electric Arc Furnaces (EAC) is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Industrial Electric Arc Furnaces (EAC) players cover Danieli, Siemens, SMS, Electrotherm, TENOVA, Primetals Technologies, DongXong, Steel Plantech and TYMEC, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
AC Electric Arc Furnaces (EAC)
DC Electric Arc Furnaces (EAC)

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
Siemens
SMS
Electrotherm
TENOVA
Primetals Technologies
DongXong
Steel Plantech
TYMEC
IHI
Doshi
Sermak Metal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Electric Arc Furnaces (EAC) market?

What factors are driving Industrial Electric Arc Furnaces (EAC) market growth, globally and by region?

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

How do Industrial Electric Arc Furnaces (EAC) market opportunities vary by end market size?

How does Industrial Electric Arc Furnaces (EAC) 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.