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Global Electric Arc Furnaces Market Report, History and Forecast 2019-2030
Synopsis
The global market for Electric Arc Furnaces was estimated at US$ 712.77 million in the year 2023, is projected to reach a revised size of US$ 1,231.34 million by 2030, growing at a CAGR of 8.25% during the forecast period 2024-2030.
North American market for Electric Arc Furnaces was valued at $ 99.33 million in 2023 and will reach $ 141.92 million by 2030, at a CAGR of 7.10% during the forecast period of 2024 through 2030.
Asia-Pacific market for Electric Arc Furnaces was valued at $ 414.70 million in 2023 and will reach $ 771.81 million by 2030, at a CAGR of 9.08% during the forecast period of 2024 through 2030.
Europe market for Electric Arc Furnaces was valued at $ 145.29 million in 2023 and will reach $ 221.52 million by 2030, at a CAGR of 6.61% during the forecast period of 2024 through 2030.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electric Arc Furnaces, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Arc Furnaces.
The Electric Arc Furnaces market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Arc Furnaces market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Arc Furnaces market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Electric Arc Furnaces segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
Danieli
SMS
TENOVA
Steel Plantech
Electrotherm
IHI
Primetals Technologies
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Doshi
Xi'an Huachang Metallurgical Technology
CVS Technologies
Segment by Type
AC-EAF
DC-EAF
Segment by Application
Metal Smelting
Ore Smelting
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Middle East & Africa
Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Arc Furnaces manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Arc Furnaces in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global market for Electric Arc Furnaces was estimated at US$ 712.77 million in the year 2023, is projected to reach a revised size of US$ 1,231.34 million by 2030, growing at a CAGR of 8.25% during the forecast period 2024-2030.
North American market for Electric Arc Furnaces was valued at $ 99.33 million in 2023 and will reach $ 141.92 million by 2030, at a CAGR of 7.10% during the forecast period of 2024 through 2030.
Asia-Pacific market for Electric Arc Furnaces was valued at $ 414.70 million in 2023 and will reach $ 771.81 million by 2030, at a CAGR of 9.08% during the forecast period of 2024 through 2030.
Europe market for Electric Arc Furnaces was valued at $ 145.29 million in 2023 and will reach $ 221.52 million by 2030, at a CAGR of 6.61% during the forecast period of 2024 through 2030.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electric Arc Furnaces, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Arc Furnaces.
The Electric Arc Furnaces market size, estimations, and forecasts are provided in terms of sales volume (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Arc Furnaces market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Electric Arc Furnaces market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
Market Segmentation
This report covers the Electric Arc Furnaces segments by manufacturers, by Type, by Application, by region and country, and provides market size (value, volume and average price) and CAGR for the history and forecast period (2019-2023, 2024-2030), considering 2023 as the base year. It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
By Company
Danieli
SMS
TENOVA
Steel Plantech
Electrotherm
IHI
Primetals Technologies
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Doshi
Xi'an Huachang Metallurgical Technology
CVS Technologies
Segment by Type
AC-EAF
DC-EAF
Segment by Application
Metal Smelting
Ore Smelting
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
India
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Middle East & Africa
Chapter Outline
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Arc Furnaces manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Arc Furnaces in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Arc Furnaces Market Overview 1
1.1 Electric Arc Furnaces Product Overview 1
1.2 Electric Arc Furnaces Market by Type 4
1.2.1 AC-EAF 4
1.2.2 DC-EAF 5
1.3 Global Electric Arc Furnaces Market Size by Type 6
1.3.1 Global Electric Arc Furnaces Market Size Overview by Type (2019-2030) 7
1.3.2 Global Electric Arc Furnaces Historic Market Size Review by Type (2019-2024) 8
1.3.3 Global Electric Arc Furnaces Forecasted Market Size by Type (2025-2030) 10
1.4 Key Regions Market Size by Type 12
1.4.1 North America Electric Arc Furnaces Sales Breakdown by Type (2019-2024) 12
1.4.2 Europe Electric Arc Furnaces Sales Breakdown by Type (2019-2024) 13
1.4.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Type (2019-2024) 14
1.4.4 Latin America Electric Arc Furnaces Sales Breakdown by Type (2019-2024) 15
1.4.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Type (2019-2024) 16
2 Electric Arc Furnaces Market Competition by Company 17
2.1 Global Top Players by Electric Arc Furnaces Sales (2019-2024) 17
2.2 Global Top Players by Electric Arc Furnaces Revenue (2019-2024) 19
2.3 Global Top Players by Electric Arc Furnaces Price (2019-2024) 20
2.4 Global Top Manufacturers Electric Arc Furnaces Manufacturing Base Distribution and Sales Area 21
2.5 Electric Arc Furnaces Market Competitive Situation and Trends 22
2.5.1 Electric Arc Furnaces Market Concentration Rate (2019-2024) 22
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Arc Furnaces Sales and Revenue in 2023 23
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Arc Furnaces as of 2023) 23
2.7 Established Date of Key Electric Arc Furnaces Manufacturers 25
2.8 Mergers & Acquisitions, Expansion 26
3 Electric Arc Furnaces Status and Outlook by Region 27
3.1 Global Electric Arc Furnaces Market Size and CAGR by Region: 2019 VS 2023 VS 2030 27
3.2 Global Electric Arc Furnaces Historic Market Size by Region 27
3.2.1 Global Electric Arc Furnaces Sales in Volume by Region (2019-2024) 27
3.2.2 Global Electric Arc Furnaces Sales in Value by Region (2019-2024) 28
3.2.3 Global Electric Arc Furnaces Sales (Volume & Value), Price and Gross Margin (2019-2024) 29
3.3 Global Electric Arc Furnaces Forecasted Market Size by Region 29
3.3.1 Global Electric Arc Furnaces Sales in Volume by Region (2025-2030) 29
3.3.2 Global Electric Arc Furnaces Sales in Value by Region (2025-2030) 30
3.3.3 Global Electric Arc Furnaces Sales (Volume & Value), Price and Gross Margin (2025-2030) 31
4 Electric Arc Furnaces by Application 32
4.1 Electric Arc Furnaces Market by Application 32
4.1.1 Metal Smelting 32
4.1.2 Ore Smelting 33
4.1.3 Others 34
4.2 Global Electric Arc Furnaces Market Size by Application 35
4.2.1 Global Electric Arc Furnaces Market Size Overview by Application (2019-2030) 36
4.2.2 Global Electric Arc Furnaces Historic Market Size Review by Application (2019-2024) 37
4.2.3 Global Electric Arc Furnaces Forecasted Market Size by Application (2025-2030) 39
4.3 Key Regions Market Size by Application 40
4.3.1 North America Electric Arc Furnaces Sales Breakdown by Application (2019-2024) 40
4.3.2 Europe Electric Arc Furnaces Sales Breakdown by Application (2019-2024) 41
4.3.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Application (2019-2024) 42
4.3.4 Latin America Electric Arc Furnaces Sales Breakdown by Application (2019-2024) 43
4.3.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Application (2019-2024) 44
5 North America Electric Arc Furnaces by Country 46
5.1 North America Electric Arc Furnaces Historic Market Size by Country 46
5.1.1 North America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030 46
5.1.2 North America Electric Arc Furnaces Sales in Volume by Country (2019-2024) 46
5.1.3 North America Electric Arc Furnaces Sales in Value by Country (2019-2024) 47
5.2 North America Electric Arc Furnaces Forecasted Market Size by Country 47
5.2.1 North America Electric Arc Furnaces Sales in Volume by Country (2025-2030) 47
5.2.2 North America Electric Arc Furnaces Sales in Value by Country (2025-2030) 48
6 Europe Electric Arc Furnaces by Country 49
6.1 Europe Electric Arc Furnaces Historic Market Size by Country 49
6.1.1 Europe Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030 49
6.1.2 Europe Electric Arc Furnaces Sales in Volume by Country (2019-2024) 49
6.1.3 Europe Electric Arc Furnaces Sales in Value by Country (2019-2024) 50
6.2 Europe Electric Arc Furnaces Forecasted Market Size by Country 51
6.2.1 Europe Electric Arc Furnaces Sales in Volume by Country (2025-2030) 51
6.2.2 Europe Electric Arc Furnaces Sales in Value by Country (2025-2030) 52
7 Asia-Pacific Electric Arc Furnaces by Region 53
7.1 Asia-Pacific Electric Arc Furnaces Historic Market Size by Region 53
7.1.1 Asia-Pacific Electric Arc Furnaces Market Size Growth Rate (CAGR) by Region: 2019 VS 2023 VS 2030 53
7.1.2 Asia-Pacific Electric Arc Furnaces Sales in Volume by Region (2019-2024) 53
7.1.3 Asia-Pacific Electric Arc Furnaces Sales in Value by Region (2019-2024) 54
7.2 Asia-Pacific Electric Arc Furnaces Forecasted Market Size by Region 55
7.2.1 Asia-Pacific Electric Arc Furnaces Sales in Volume by Region (2025-2030) 55
7.2.2 Asia-Pacific Electric Arc Furnaces Sales in Value by Region (2025-2030) 56
8 Latin America Electric Arc Furnaces by Country 58
8.1 Latin America Electric Arc Furnaces Historic Market Size by Country 58
8.1.1 Latin America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030 58
8.1.2 Latin America Electric Arc Furnaces Sales in Volume by Country (2019-2024) 58
8.1.3 Latin America Electric Arc Furnaces Sales in Value by Country (2019-2024) 59
8.2 Latin America Electric Arc Furnaces Forecasted Market Size by Country 59
8.2.1 Latin America Electric Arc Furnaces Sales in Volume by Country (2025-2030) 59
8.2.2 Latin America Electric Arc Furnaces Sales in Value by Country (2025-2030) 60
9 Middle East and Africa Electric Arc Furnaces by Country 61
9.1 Middle East and Africa Electric Arc Furnaces Historic Market Size by Country 61
9.1.1 Middle East and Africa Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030 61
9.1.2 Middle East and Africa Electric Arc Furnaces Sales in Volume by Country (2019-2024) 61
9.1.3 Middle East and Africa Electric Arc Furnaces Sales in Value by Country (2019-2024) 62
9.2 Middle East and Africa Electric Arc Furnaces Forecasted Market Size by Country 62
9.2.1 Middle East and Africa Electric Arc Furnaces Sales in Volume by Country (2025-2030) 62
9.2.2 Middle East and Africa Electric Arc Furnaces Sales in Value by Country (2025-2030) 63
10 Company Profiles 64
10.1 Danieli 64
10.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 64
10.1.2 Electric Arc Furnaces Product Overview 65
10.1.3 Danieli Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 65
10.1.4 Main Business/Business Overview 66
10.2 SMS 66
10.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 66
10.2.2 Electric Arc Furnaces Product Overview 67
10.2.3 SMS Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 67
10.2.4 Main Business/Business Overview 67
10.3 TENOVA 68
10.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 68
10.3.2 Electric Arc Furnaces Product Overview 69
10.3.3 TENOVA Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 70
10.3.4 Main Business/Business Overview 70
10.4 Steel Plantech 70
10.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 70
10.4.2 Electric Arc Furnaces Product Overview 71
10.4.3 Steel Plantech Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 72
10.4.4 Main Business/Business Overview 72
10.5 Electrotherm 72
10.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 72
10.5.2 Electric Arc Furnaces Product Overview 73
10.5.3 Electrotherm Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 73
10.5.4 Main Business/Business Overview 74
10.6 IHI 74
10.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 74
10.6.2 Electric Arc Furnaces Product Overview 75
10.6.3 IHI Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 76
10.6.4 Main Business/Business Overview 76
10.7 Primetals Technologies 76
10.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 76
10.7.2 Electric Arc Furnaces Product Overview 77
10.7.3 Primetals Technologies Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 79
10.7.4 Main Business/Business Overview 79
10.8 TYMEC 80
10.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 80
10.8.2 Electric Arc Furnaces Product Overview 81
10.8.3 TYMEC Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 81
10.8.4 Main Business/Business Overview 82
10.9 DongXong 82
10.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 82
10.9.2 Electric Arc Furnaces Product Overview 83
10.9.3 DongXong Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 83
10.9.4 Main Business/Business Overview 84
10.10 Sermak Metal 84
10.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 84
10.10.2 Electric Arc Furnaces Product Overview 85
10.10.3 Sermak Metal Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 85
10.10.4 Main Business/Business Overview 86
10.11 XiYe Technology Group 86
10.11.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 86
10.11.2 Electric Arc Furnaces Product Overview 87
10.11.3 XiYe Technology Group Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 88
10.11.4 Main Business/Business Overview 88
10.12 Doshi 88
10.12.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 88
10.12.2 Electric Arc Furnaces Product Overview 89
10.12.3 Doshi Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 90
10.12.4 Main Business/Business Overview 90
10.13 Xi鈥檃n Huachang Metallurgical Technology 90
10.13.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 90
10.13.2 Electric Arc Furnaces Product Overview 91
10.13.3 Xi鈥檃n Huachang Metallurgical Technology Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 92
10.13.4 Main Business/Business Overview 92
10.14 CVS Technologies 92
10.14.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 92
10.14.2 Electric Arc Furnaces Product Overview 93
10.14.3 CVS Technologies Electric Arc Furnaces Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (%) (2019-2024) 94
10.14.4 Main Business/Business Overview 94
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis 95
11.1 Electric Arc Furnaces Key Raw Materials 95
11.1.1 Key Raw Materials 95
11.1.2 Raw Materials Key Suppliers 96
11.2 Manufacturing Cost Structure 97
11.2.1 Raw Materials 97
11.2.2 Labor Cost 97
11.2.3 Manufacturing Expenses 97
11.3 Electric Arc Furnaces Industrial Chain Analysis 98
11.4 Electric Arc Furnaces Market Dynamics 98
11.4.1 Electric Arc Furnaces Industry Trends 98
11.4.2 Electric Arc Furnaces Market Drivers 100
11.4.3 Electric Arc Furnaces Market Challenges 101
11.4.4 Electric Arc Furnaces Market Restraints 102
12 Marketing Strategy Analysis, Distributors 103
12.1 Sales Channel 103
12.2 Electric Arc Furnaces Distributors 104
12.3 Electric Arc Furnaces Downstream Customers 105
13 Research Findings and Conclusion 107
14 Appendix 108
14.1 Research Methodology 108
14.1.1 Methodology/Research Approach 108
14.1.2 Data Source 111
14.2 Author Details 114
14.3 Disclaimer 115
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