Electric Arc Furnace Market is anticipated to grow at a strong CAGR of 6.7% by 2024

Electric Arc Furnaces Market Research Growth 2024

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.

Improvements in extraction and mining technologies have resulted in low prices of natural gas and non-coking coal. This has led to the low production cost of DRI which is used with scrap steel to produce crude steel. Thus, the increasing production of DRI will be a key trend that will drive the growth of the electric arc furnaces market during the forecast period.

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According to this study, over the next five years, the Electric Arc Furnaces market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 1420 million by 2024, from US$ 1030 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Electric Arc Furnaces business, shared in Chapter 3.

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.

This study considers the Electric Arc Furnaces value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

AC-EAF
DC-EAF

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Metal Smelting
Ore Smelting
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

America
APAC
Europe
Middle East & Africa

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Danieli
Siemens
SMS
Electrotherm
TENOVA
Primetals Technologies
DongXong
Steel Plantech
TYMEC
IHI
Doshi
Sermak Metal

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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Electric Arc Furnaces consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Electric Arc Furnaces market by identifying its various sub-segments.
Focuses on the key global Electric Arc Furnaces manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in next few years.
To analyze the Electric Arc Furnaces with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Electric Arc Furnaces submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Content Covers the Topics mentioned below

2019-2024 Global Electric Arc Furnace Consumption Market Report

1 Scope of the Report
2 Executive Summary
3 Global Electric Arc Furnace by Players
4 Electric Arc Furnace by Regions
5 Americas Market
6 APAC Market
7 Europe Market
8 The Middle East & Africa Market
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors, and Customer
11 Global Electric Arc Furnace Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion

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