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.
This report contains market size and forecasts of Electric Arc Furnaces in global, including the following market information:
Global Electric Arc Furnaces Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Electric Arc Furnaces Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Electric Arc Furnaces companies in 2021 (%)
The global Electric Arc Furnaces market was valued at 660 million in 2021 and is projected to reach US$ 994.3 million by 2028, at a CAGR of 6.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
AC-EAF Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Electric Arc Furnaces include Danieli, SMS, Electrotherm, TENOVA, Primetals Technologies, Steel Plantech, IHI, Doshi and TYMEC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electric Arc Furnaces manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electric Arc Furnaces Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Arc Furnaces Market Segment Percentages, by Type, 2021 (%)
AC-EAF
DC-EAF
Global Electric Arc Furnaces Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Arc Furnaces Market Segment Percentages, by Application, 2021 (%)
Metal Smelting
Ore Smelting
Others
Global Electric Arc Furnaces Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Electric Arc Furnaces Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electric Arc Furnaces revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Electric Arc Furnaces revenues share in global market, 2021 (%)
Key companies Electric Arc Furnaces sales in global market, 2017-2022 (Estimated), (Units)
Key companies Electric Arc Furnaces sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Danieli
SMS
Electrotherm
TENOVA
Primetals Technologies
Steel Plantech
IHI
Doshi
TYMEC
DongXong
Sermak Metal
XiYe Technology Group