Market Overview:
The global electric arc furnaces (EAF) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel and other metals in developing countries, rising adoption of EAFs for melting scrap metal, and technological advancements in EAFs. Based on type, the global electric arc furnaces (EAF) market is segmented into AC-EAF and DA-EAF. The AC-EAF segment is expected to account for a larger share of the market than the DA-EAF segment during the forecast period.
Product Definition:
Electric arc furnaces (EAF) are industrial furnaces that heat materials by means of an electric arc. The furnace consists of two graphite electrodes in a chamber filled with argon or other inert gas. An electric current is passed through the electrodes, heating them to thousands of degrees Fahrenheit and creating an arc between them. This heats the material in the furnace, which is then poured out as molten metal.
AC-EAF:
The AC-EAF is a type of electric arc furnace used to melt metal scrap in order to produce ferrous and non-ferrous alloys. The process takes place at extremely high temperatures which range between 1,500°C to 3,000°C. These furnaces are majorly used for melting metals such as aluminum & steel along with some other materials like lead, zinc & copper.
DA-EAF:
DA-EAF or Dynamic Air Fueling is a process of mixing air and fuel in the right proportion to obtain efficient combustion. It helps in reducing carbon monoxide (CO) emissions, which are considered as one of the byproducts of fossil fuels used for industrial purposes. The DA-EAF process also eliminates nitrogen oxides (NOx), which are produced during conventional air fueling processes.
Application Insights:
The metal smelting application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth during the forecast period. The increasing demand for steel from various end-use industries including construction, automotive and transportation, appliances, machinery manufacturing is expected to drive product demand over the next six years.
The ore smelting segment accounted for a significant share in 2017 owing to high production rates of iron ores such as magnetite (Fe3O4) and hematite (Fe2O3) coupled with rising demand from construction industry applications such as ferroalloying and non-ferrous metallurgy products including manganese steel bars & rods.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large base of steel production, which makes it an ideal location for electric arc furnaces. China alone accounted for more than 50% of global steel production in 2017 and this trend is expected to continue over the next eight years with investments worth USD X billion being made by various governments across the globe.
The demand for electric arc furnaces in Europe was valued at USD X million in 2017 owing to growing metal manufacturing sector across countries such as Germany, France, Italy and Russia among others. In addition, increasing demand from end-use industries such as oil & gas industry will drive regional growth over the forecast period.
Growth Factors:
- Growing demand from the automotive and aerospace industries for high-quality steel products is expected to drive the electric arc furnaces market growth.
- Increasing investments in infrastructure development projects worldwide is also anticipated to boost the demand for electric arc furnaces in the coming years.
- Rapid industrialization and urbanization in emerging economies are creating new opportunities for electric arc furnace manufacturers and operators.
- Rising awareness about energy efficiency and environmental concerns is prompting many end-users to opt for electric arc furnaces over traditional methods of manufacturing steel products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Arc Furnaces Market Research Report
By Type
AC-EAF, DA-EAF
By Application
Metal smelting, Ore smelting, Others
By Companies
Danieli, Electrotherm, SMS, Siemens, TENOVA, STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Electric Arc Furnaces Market Report Segments:
The global Electric Arc Furnaces market is segmented on the basis of:
Types
AC-EAF, DA-EAF
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Metal smelting, Ore smelting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Danieli
- Electrotherm
- SMS
- Siemens
- TENOVA
- STEEL PLANTECH
- Doshi
- IHI
- DongXong
- YUEDA
- Nupro Corporation
Highlights of The Electric Arc Furnaces Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC-EAF
- DA-EAF
- By Application:
- Metal smelting
- Ore smelting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Arc Furnaces Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric arc furnaces are a type of furnace used to produce metal products by melting and casting metals. The electric arc furnace is an advanced technology that uses an electric current to create a hot, molten metal in the crucible.
Some of the major players in the electric arc furnaces market are Danieli, Electrotherm, SMS, Siemens, TENOVA, STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation.
The electric arc furnaces market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Arc Furnaces Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Arc Furnaces Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Arc Furnaces Market - Supply Chain
4.5. Global Electric Arc Furnaces Market Forecast
4.5.1. Electric Arc Furnaces Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Arc Furnaces Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Arc Furnaces Market Absolute $ Opportunity
5. Global Electric Arc Furnaces Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Arc Furnaces Market Size and Volume Forecast by Type
5.3.1. AC-EAF
5.3.2. DA-EAF
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Arc Furnaces Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Arc Furnaces Market Size and Volume Forecast by Application
6.3.1. Metal smelting
6.3.2. Ore smelting
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Arc Furnaces Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Arc Furnaces Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Arc Furnaces Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Arc Furnaces Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Arc Furnaces Demand Share Forecast, 2019-2026
9. North America Electric Arc Furnaces Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Arc Furnaces Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Arc Furnaces Market Size and Volume Forecast by Application
9.4.1. Metal smelting
9.4.2. Ore smelting
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Arc Furnaces Market Size and Volume Forecast by Type
9.7.1. AC-EAF
9.7.2. DA-EAF
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Arc Furnaces Demand Share Forecast, 2019-2026
10. Latin America Electric Arc Furnaces Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Arc Furnaces Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Arc Furnaces Market Size and Volume Forecast by Application
10.4.1. Metal smelting
10.4.2. Ore smelting
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Arc Furnaces Market Size and Volume Forecast by Type
10.7.1. AC-EAF
10.7.2. DA-EAF
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Arc Furnaces Demand Share Forecast, 2019-2026
11. Europe Electric Arc Furnaces Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Arc Furnaces Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Arc Furnaces Market Size and Volume Forecast by Application
11.4.1. Metal smelting
11.4.2. Ore smelting
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Arc Furnaces Market Size and Volume Forecast by Type
11.7.1. AC-EAF
11.7.2. DA-EAF
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Arc Furnaces Demand Share, 2019-2026
12. Asia Pacific Electric Arc Furnaces Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Arc Furnaces Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Arc Furnaces Market Size and Volume Forecast by Application
12.4.1. Metal smelting
12.4.2. Ore smelting
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Arc Furnaces Market Size and Volume Forecast by Type
12.7.1. AC-EAF
12.7.2. DA-EAF
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Arc Furnaces Demand Share, 2019-2026
13. Middle East & Africa Electric Arc Furnaces Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Arc Furnaces Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Arc Furnaces Market Size and Volume Forecast by Application
13.4.1. Metal smelting
13.4.2. Ore smelting
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Arc Furnaces Market Size and Volume Forecast by Type
13.7.1. AC-EAF
13.7.2. DA-EAF
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Arc Furnaces Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Arc Furnaces Market: Market Share Analysis
14.2. Electric Arc Furnaces Distributors and Customers
14.3. Electric Arc Furnaces Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Danieli
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Electrotherm
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SMS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TENOVA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. STEEL PLANTECH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Doshi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. IHI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DongXong
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. YUEDA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nupro Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
