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The electric arc furnaces market is forecasted to grow by USD 749.23 million 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.
The 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
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.
Table of Contents
Executive Summary
The analyst recognizes the following companies as the key players in the global electric arc furnaces market: 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.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is advancements in electric arc furnace technology.'
According to the report, one of the major drivers for this market is the recent developments in electric arc furnace.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- TYMEC
