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Electric Arc Furnaces-Global Market Insights and Sales Trends 2025
Synopsis
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 expected to reach US$ 988.6 million by 2029, growing at a CAGR of 6.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Arc Furnaces in various end use industries. The expanding demands from the Metal Smelting, Ore Smelting and Others,, are propelling Electric Arc Furnaces market. AC-EAF, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC-EAF segment is estimated at % CAGR for the next seven-year period.
Danieli, SMS, Electrotherm, TENOVA and Primetals Technologies are the top 5 players of Electric Arc Furnaces, with about 56% market shares.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Arc Furnaces, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Arc Furnaces market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Arc Furnaces market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Arc Furnaces sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Arc Furnaces covered in this report include Danieli, SMS, Electrotherm, TENOVA, Primetals Technologies, Steel Plantech, IHI, Doshi and TYMEC, etc.
The global Electric Arc Furnaces market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Danieli
SMS
Electrotherm
TENOVA
Primetals Technologies
Steel Plantech
IHI
Doshi
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Global Electric Arc Furnaces market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Arc Furnaces market, Segment by Type:
AC-EAF
DC-EAF
Global Electric Arc Furnaces market, by Application
Metal Smelting
Ore Smelting
Others
Core Chapters
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, South 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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.
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 expected to reach US$ 988.6 million by 2029, growing at a CAGR of 6.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Arc Furnaces in various end use industries. The expanding demands from the Metal Smelting, Ore Smelting and Others,, are propelling Electric Arc Furnaces market. AC-EAF, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC-EAF segment is estimated at % CAGR for the next seven-year period.
Danieli, SMS, Electrotherm, TENOVA and Primetals Technologies are the top 5 players of Electric Arc Furnaces, with about 56% market shares.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Arc Furnaces, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Arc Furnaces market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Arc Furnaces market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Arc Furnaces sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Arc Furnaces covered in this report include Danieli, SMS, Electrotherm, TENOVA, Primetals Technologies, Steel Plantech, IHI, Doshi and TYMEC, etc.
The global Electric Arc Furnaces market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Danieli
SMS
Electrotherm
TENOVA
Primetals Technologies
Steel Plantech
IHI
Doshi
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Global Electric Arc Furnaces market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Arc Furnaces market, Segment by Type:
AC-EAF
DC-EAF
Global Electric Arc Furnaces market, by Application
Metal Smelting
Ore Smelting
Others
Core Chapters
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, South 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, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South 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 Electric Arc Furnaces Product Overview
1.2 Electric Arc Furnaces Market Segment by Type
1.2.1 AC-EAF
1.2.2 DC-EAF
1.3 Global Electric Arc Furnaces Market Size by Type
1.3.1 Global Electric Arc Furnaces Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Arc Furnaces Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Arc Furnaces Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Arc Furnaces Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Arc Furnaces Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Arc Furnaces Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Type (2018-2023)
2 Global Electric Arc Furnaces Market Competition by Company
2.1 Global Top Players by Electric Arc Furnaces Sales (2018-2023)
2.2 Global Top Players by Electric Arc Furnaces Revenue (2018-2023)
2.3 Global Top Players by Electric Arc Furnaces Price (2018-2023)
2.4 Global Top Manufacturers Electric Arc Furnaces Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Arc Furnaces Market Competitive Situation and Trends
2.5.1 Electric Arc Furnaces Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Arc Furnaces Sales and Revenue in 2022
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 2022)
2.7 Date of Key Manufacturers Enter into Electric Arc Furnaces Market
2.8 Key Manufacturers Electric Arc Furnaces Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Arc Furnaces Status and Outlook by Region
3.1 Global Electric Arc Furnaces Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Arc Furnaces Historic Market Size by Region
3.2.1 Global Electric Arc Furnaces Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Arc Furnaces Sales in Value by Region (2018-2023)
3.2.3 Global Electric Arc Furnaces Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Arc Furnaces Forecasted Market Size by Region
3.3.1 Global Electric Arc Furnaces Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Arc Furnaces Sales in Value by Region (2024-2029)
3.3.3 Global Electric Arc Furnaces Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Arc Furnaces by Application
4.1 Electric Arc Furnaces Market Segment by Application
4.1.1 Metal Smelting
4.1.2 Ore Smelting
4.1.3 Others
4.2 Global Electric Arc Furnaces Market Size by Application
4.2.1 Global Electric Arc Furnaces Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Arc Furnaces Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Arc Furnaces Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Arc Furnaces Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Arc Furnaces Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Arc Furnaces Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Arc Furnaces Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Arc Furnaces Sales Breakdown by Application (2018-2023)
5 North America Electric Arc Furnaces by Country
5.1 North America Electric Arc Furnaces Historic Market Size by Country
5.1.1 North America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Arc Furnaces Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Arc Furnaces Sales in Value by Country (2018-2023)
5.2 North America Electric Arc Furnaces Forecasted Market Size by Country
5.2.1 North America Electric Arc Furnaces Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Arc Furnaces Sales in Value by Country (2024-2029)
6 Europe Electric Arc Furnaces by Country
6.1 Europe Electric Arc Furnaces Historic Market Size by Country
6.1.1 Europe Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Arc Furnaces Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Arc Furnaces Sales in Value by Country (2018-2023)
6.2 Europe Electric Arc Furnaces Forecasted Market Size by Country
6.2.1 Europe Electric Arc Furnaces Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Arc Furnaces Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Arc Furnaces by Region
7.1 Asia-Pacific Electric Arc Furnaces Historic Market Size by Region
7.1.1 Asia-Pacific Electric Arc Furnaces Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Arc Furnaces Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Arc Furnaces Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Arc Furnaces Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Arc Furnaces Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Arc Furnaces Sales in Value by Region (2024-2029)
8 Latin America Electric Arc Furnaces by Country
8.1 Latin America Electric Arc Furnaces Historic Market Size by Country
8.1.1 Latin America Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Arc Furnaces Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Arc Furnaces Sales in Value by Country (2018-2023)
8.2 Latin America Electric Arc Furnaces Forecasted Market Size by Country
8.2.1 Latin America Electric Arc Furnaces Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Arc Furnaces Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Arc Furnaces by Country
9.1 Middle East and Africa Electric Arc Furnaces Historic Market Size by Country
9.1.1 Middle East and Africa Electric Arc Furnaces Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Arc Furnaces Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Arc Furnaces Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Arc Furnaces Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Arc Furnaces Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Arc Furnaces Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Danieli
10.1.1 Danieli Company Information
10.1.2 Danieli Introduction and Business Overview
10.1.3 Danieli Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Danieli Electric Arc Furnaces Products Offered
10.1.5 Danieli Recent Development
10.2 SMS
10.2.1 SMS Company Information
10.2.2 SMS Introduction and Business Overview
10.2.3 SMS Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.2.4 SMS Electric Arc Furnaces Products Offered
10.2.5 SMS Recent Development
10.3 Electrotherm
10.3.1 Electrotherm Company Information
10.3.2 Electrotherm Introduction and Business Overview
10.3.3 Electrotherm Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Electrotherm Electric Arc Furnaces Products Offered
10.3.5 Electrotherm Recent Development
10.4 TENOVA
10.4.1 TENOVA Company Information
10.4.2 TENOVA Introduction and Business Overview
10.4.3 TENOVA Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.4.4 TENOVA Electric Arc Furnaces Products Offered
10.4.5 TENOVA Recent Development
10.5 Primetals Technologies
10.5.1 Primetals Technologies Company Information
10.5.2 Primetals Technologies Introduction and Business Overview
10.5.3 Primetals Technologies Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Primetals Technologies Electric Arc Furnaces Products Offered
10.5.5 Primetals Technologies Recent Development
10.6 Steel Plantech
10.6.1 Steel Plantech Company Information
10.6.2 Steel Plantech Introduction and Business Overview
10.6.3 Steel Plantech Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Steel Plantech Electric Arc Furnaces Products Offered
10.6.5 Steel Plantech Recent Development
10.7 IHI
10.7.1 IHI Company Information
10.7.2 IHI Introduction and Business Overview
10.7.3 IHI Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.7.4 IHI Electric Arc Furnaces Products Offered
10.7.5 IHI Recent Development
10.8 Doshi
10.8.1 Doshi Company Information
10.8.2 Doshi Introduction and Business Overview
10.8.3 Doshi Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Doshi Electric Arc Furnaces Products Offered
10.8.5 Doshi Recent Development
10.9 TYMEC
10.9.1 TYMEC Company Information
10.9.2 TYMEC Introduction and Business Overview
10.9.3 TYMEC Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.9.4 TYMEC Electric Arc Furnaces Products Offered
10.9.5 TYMEC Recent Development
10.10 DongXong
10.10.1 DongXong Company Information
10.10.2 DongXong Introduction and Business Overview
10.10.3 DongXong Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.10.4 DongXong Electric Arc Furnaces Products Offered
10.10.5 DongXong Recent Development
10.11 Sermak Metal
10.11.1 Sermak Metal Company Information
10.11.2 Sermak Metal Introduction and Business Overview
10.11.3 Sermak Metal Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Sermak Metal Electric Arc Furnaces Products Offered
10.11.5 Sermak Metal Recent Development
10.12 XiYe Technology Group
10.12.1 XiYe Technology Group Company Information
10.12.2 XiYe Technology Group Introduction and Business Overview
10.12.3 XiYe Technology Group Electric Arc Furnaces Sales, Revenue and Gross Margin (2018-2023)
10.12.4 XiYe Technology Group Electric Arc Furnaces Products Offered
10.12.5 XiYe Technology Group Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Arc Furnaces Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Arc Furnaces Industrial Chain Analysis
11.4 Electric Arc Furnaces Market Dynamics
11.4.1 Electric Arc Furnaces Industry Trends
11.4.2 Electric Arc Furnaces Market Drivers
11.4.3 Electric Arc Furnaces Market Challenges
11.4.4 Electric Arc Furnaces Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Arc Furnaces Distributors
12.3 Electric Arc Furnaces Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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