Global Shaft Arc Furnace Market Growth 2023-2029

Global Shaft Arc Furnace Market Growth 2023-2029

The global Shaft Arc Furnace market size is projected to grow from US$ 99.8 million in 2022 to US$ 157.6 million in 2029; it is expected to grow at a CAGR of 6.7% from 2023 to 2029.

United States market for Shaft Arc Furnace 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 Shaft Arc Furnace 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 Shaft Arc Furnace is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Shaft Arc Furnace players cover Danieli, SMS, Primetals Technologies, DongXong, IHI, Nippon Steel, Zebang Electric Furnace, Yuyou Metallurgical Equipment and Xi’an Tengye Metallurgical Engineering, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

A shaft furnace is installed on the upper part of the electric arc furnace, and the scrap steel column is heated countercurrently by the electric furnace gas, and then the scrap steel is dropped into the furnace for melting and refining in the electric furnace.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shaft Arc Furnace 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 Shaft Arc Furnace.

This report presents a comprehensive overview, market shares, and growth opportunities of Shaft Arc Furnace 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
Primetals Technologies
DongXong
IHI
Nippon Steel
Zebang Electric Furnace
Yuyou Metallurgical Equipment
Xi’an Tengye Metallurgical Engineering
Electrotherm
Sermak Metal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Shaft Arc Furnace market?

What factors are driving Shaft Arc Furnace market growth, globally and by region?

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

How do Shaft Arc Furnace market opportunities vary by end market size?

How does Shaft Arc Furnace 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.