Abstract
Summary
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.
The global Electric Arc Furnaces market size is projected to grow from US$ 749 million in 2024 to US$ 1225 million in 2030; it is expected to grow at a CAGR of 8.6% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Electric Arc Furnaces Industry Forecast” looks at past sales and reviews total world Electric Arc Furnaces sales in 2023, providing a comprehensive analysis by region and market sector of projected Electric Arc Furnaces sales for 2024 through 2030. 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 key players of Electric Arc Furnaces include Danieli, SMS, TENOVA, etc. The top three players hold a share over 38%. Asia-Pacific is the largest market, and has a share about 58%. In terms of product type, AC-EAF is the largest segment, which occupied for a share of about 83%. For application, Metal Smelting is the largest segment, which has a share about 65%.
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.
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 analysing the company's coverage, product portfolio, its market penetration.
Danieli
SMS
TENOVA
Steel Plantech
Electrotherm
IHI
Primetals Technologies
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Doshi
Xi'an Huachang Metallurgical Technology
CVS Technologies
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 by Type, by Application?
The global Electric Arc Furnaces market size is projected to grow from US$ 749 million in 2024 to US$ 1225 million in 2030; it is expected to grow at a CAGR of 8.6% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Electric Arc Furnaces Industry Forecast” looks at past sales and reviews total world Electric Arc Furnaces sales in 2023, providing a comprehensive analysis by region and market sector of projected Electric Arc Furnaces sales for 2024 through 2030. 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 key players of Electric Arc Furnaces include Danieli, SMS, TENOVA, etc. The top three players hold a share over 38%. Asia-Pacific is the largest market, and has a share about 58%. In terms of product type, AC-EAF is the largest segment, which occupied for a share of about 83%. For application, Metal Smelting is the largest segment, which has a share about 65%.
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.
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 analysing the company's coverage, product portfolio, its market penetration.
Danieli
SMS
TENOVA
Steel Plantech
Electrotherm
IHI
Primetals Technologies
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Doshi
Xi'an Huachang Metallurgical Technology
CVS Technologies
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 by Type, by Application?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Electric Arc Furnaces Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Electric Arc Furnaces by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Electric Arc Furnaces by Country/Region, 2019, 2023 & 2030
2.2 Electric Arc Furnaces Segment by Type
2.2.1 AC-EAF
2.2.2 DC-EAF
2.3 Electric Arc Furnaces Sales by Type
2.3.1 Global Electric Arc Furnaces Sales Market Share by Type (2019-2024)
2.3.2 Global Electric Arc Furnaces Revenue and Market Share by Type (2019-2024)
2.3.3 Global Electric Arc Furnaces Sale Price by Type (2019-2024)
2.4 Electric Arc Furnaces Segment by Application
2.4.1 Metal Smelting
2.4.2 Ore Smelting
2.4.3 Others
2.5 Electric Arc Furnaces Sales by Application
2.5.1 Global Electric Arc Furnaces Sale Market Share by Application (2019-2024)
2.5.2 Global Electric Arc Furnaces Revenue and Market Share by Application (2019-2024)
2.5.3 Global Electric Arc Furnaces Sale Price by Application (2019-2024)
3 Global by Company
3.1 Global Electric Arc Furnaces Breakdown Data by Company
3.1.1 Global Electric Arc Furnaces Annual Sales by Company (2019-2024)
3.1.2 Global Electric Arc Furnaces Sales Market Share by Company (2019-2024)
3.2 Global Electric Arc Furnaces Annual Revenue by Company (2019-2024)
3.2.1 Global Electric Arc Furnaces Revenue by Company (2019-2024)
3.2.2 Global Electric Arc Furnaces Revenue Market Share by Company (2019-2024)
3.3 Global Electric Arc Furnaces Sale Price by Company
3.4 Key Manufacturers Electric Arc Furnaces Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Electric Arc Furnaces Product Location Distribution
3.4.2 Players Electric Arc Furnaces Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Electric Arc Furnaces by Geographic Region
4.1 World Historic Electric Arc Furnaces Market Size by Geographic Region (2019-2024)
4.1.1 Global Electric Arc Furnaces Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Electric Arc Furnaces Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Electric Arc Furnaces Market Size by Country/Region (2019-2024)
4.2.1 Global Electric Arc Furnaces Annual Sales by Country/Region (2019-2024)
4.2.2 Global Electric Arc Furnaces Annual Revenue by Country/Region (2019-2024)
4.3 Americas Electric Arc Furnaces Sales Growth
4.4 APAC Electric Arc Furnaces Sales Growth
4.5 Europe Electric Arc Furnaces Sales Growth
4.6 Middle East & Africa Electric Arc Furnaces Sales Growth
5 Americas
5.1 Americas Electric Arc Furnaces Sales by Country
5.1.1 Americas Electric Arc Furnaces Sales by Country (2019-2024)
5.1.2 Americas Electric Arc Furnaces Revenue by Country (2019-2024)
5.2 Americas Electric Arc Furnaces Sales by Type (2019-2024)
5.3 Americas Electric Arc Furnaces Sales by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Electric Arc Furnaces Sales by Region
6.1.1 APAC Electric Arc Furnaces Sales by Region (2019-2024)
6.1.2 APAC Electric Arc Furnaces Revenue by Region (2019-2024)
6.2 APAC Electric Arc Furnaces Sales by Type (2019-2024)
6.3 APAC Electric Arc Furnaces Sales by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Electric Arc Furnaces by Country
7.1.1 Europe Electric Arc Furnaces Sales by Country (2019-2024)
7.1.2 Europe Electric Arc Furnaces Revenue by Country (2019-2024)
7.2 Europe Electric Arc Furnaces Sales by Type (2019-2024)
7.3 Europe Electric Arc Furnaces Sales by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Electric Arc Furnaces by Country
8.1.1 Middle East & Africa Electric Arc Furnaces Sales by Country (2019-2024)
8.1.2 Middle East & Africa Electric Arc Furnaces Revenue by Country (2019-2024)
8.2 Middle East & Africa Electric Arc Furnaces Sales by Type (2019-2024)
8.3 Middle East & Africa Electric Arc Furnaces Sales by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Electric Arc Furnaces
10.3 Manufacturing Process Analysis of Electric Arc Furnaces
10.4 Industry Chain Structure of Electric Arc Furnaces
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Electric Arc Furnaces Distributors
11.3 Electric Arc Furnaces Customer
12 World Forecast Review for Electric Arc Furnaces by Geographic Region
12.1 Global Electric Arc Furnaces Market Size Forecast by Region
12.1.1 Global Electric Arc Furnaces Forecast by Region (2025-2030)
12.1.2 Global Electric Arc Furnaces Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country (2025-2030)
12.3 APAC Forecast by Region (2025-2030)
12.4 Europe Forecast by Country (2025-2030)
12.5 Middle East & Africa Forecast by Country (2025-2030)
12.6 Global Electric Arc Furnaces Forecast by Type (2025-2030)
12.7 Global Electric Arc Furnaces Forecast by Application (2025-2030)
13 Key Players Analysis
13.1 Danieli
13.1.1 Danieli Company Information
13.1.2 Danieli Electric Arc Furnaces Product Portfolios and Specifications
13.1.3 Danieli Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Danieli Main Business Overview
13.1.5 Danieli Latest Developments
13.2 SMS
13.2.1 SMS Company Information
13.2.2 SMS Electric Arc Furnaces Product Portfolios and Specifications
13.2.3 SMS Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 SMS Main Business Overview
13.2.5 SMS Latest Developments
13.3 TENOVA
13.3.1 TENOVA Company Information
13.3.2 TENOVA Electric Arc Furnaces Product Portfolios and Specifications
13.3.3 TENOVA Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 TENOVA Main Business Overview
13.3.5 TENOVA Latest Developments
13.4 Steel Plantech
13.4.1 Steel Plantech Company Information
13.4.2 Steel Plantech Electric Arc Furnaces Product Portfolios and Specifications
13.4.3 Steel Plantech Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Steel Plantech Main Business Overview
13.4.5 Steel Plantech Latest Developments
13.5 Electrotherm
13.5.1 Electrotherm Company Information
13.5.2 Electrotherm Electric Arc Furnaces Product Portfolios and Specifications
13.5.3 Electrotherm Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Electrotherm Main Business Overview
13.5.5 Electrotherm Latest Developments
13.6 IHI
13.6.1 IHI Company Information
13.6.2 IHI Electric Arc Furnaces Product Portfolios and Specifications
13.6.3 IHI Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 IHI Main Business Overview
13.6.5 IHI Latest Developments
13.7 Primetals Technologies
13.7.1 Primetals Technologies Company Information
13.7.2 Primetals Technologies Electric Arc Furnaces Product Portfolios and Specifications
13.7.3 Primetals Technologies Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Primetals Technologies Main Business Overview
13.7.5 Primetals Technologies Latest Developments
13.8 TYMEC
13.8.1 TYMEC Company Information
13.8.2 TYMEC Electric Arc Furnaces Product Portfolios and Specifications
13.8.3 TYMEC Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 TYMEC Main Business Overview
13.8.5 TYMEC Latest Developments
13.9 DongXong
13.9.1 DongXong Company Information
13.9.2 DongXong Electric Arc Furnaces Product Portfolios and Specifications
13.9.3 DongXong Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 DongXong Main Business Overview
13.9.5 DongXong Latest Developments
13.10 Sermak Metal
13.10.1 Sermak Metal Company Information
13.10.2 Sermak Metal Electric Arc Furnaces Product Portfolios and Specifications
13.10.3 Sermak Metal Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Sermak Metal Main Business Overview
13.10.5 Sermak Metal Latest Developments
13.11 XiYe Technology Group
13.11.1 XiYe Technology Group Company Information
13.11.2 XiYe Technology Group Electric Arc Furnaces Product Portfolios and Specifications
13.11.3 XiYe Technology Group Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 XiYe Technology Group Main Business Overview
13.11.5 XiYe Technology Group Latest Developments
13.12 Doshi
13.12.1 Doshi Company Information
13.12.2 Doshi Electric Arc Furnaces Product Portfolios and Specifications
13.12.3 Doshi Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Doshi Main Business Overview
13.12.5 Doshi Latest Developments
13.13 Xi'an Huachang Metallurgical Technology
13.13.1 Xi'an Huachang Metallurgical Technology Company Information
13.13.2 Xi'an Huachang Metallurgical Technology Electric Arc Furnaces Product Portfolios and Specifications
13.13.3 Xi'an Huachang Metallurgical Technology Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 Xi'an Huachang Metallurgical Technology Main Business Overview
13.13.5 Xi'an Huachang Metallurgical Technology Latest Developments
13.14 CVS Technologies
13.14.1 CVS Technologies Company Information
13.14.2 CVS Technologies Electric Arc Furnaces Product Portfolios and Specifications
13.14.3 CVS Technologies Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 CVS Technologies Main Business Overview
13.14.5 CVS Technologies Latest Developments
14 Research Findings and Conclusion