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The electric arc furnaces market is forecasted to grow by USD 855.3 million during 2024-2029, accelerating at a CAGR of 11% 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 furnace, 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 Product
- 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 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 in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of 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 primary and secondary research. 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
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Product
100 to 200 tons - Market size and forecast 2024-2029
200 to 300 tons - Market size and forecast 2024-2029
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized 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, Beijing Shougang Co. Ltd., Siemens AG, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, TYMEC, and Vesuvius Plc.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 in addition to 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
- Beijing Shougang Co. Ltd.
- Siemens AG
- SMS group GmbH
- Tam Celik Sanayi AS
- Tenova Spa
- TYMEC
- Vesuvius Plc
