Market Overview:
The global industrial arc furnaces 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 various end-use industries across the globe. In addition, the growing demand for electric arc furnace (EAF) technology over traditional blast furnaces is also propelling the growth of this market. Based on type, the global industrial arc furnaces market can be segmented into AC-EAF and DC-EAF. The AC-EAF segment is expected to account for a larger share of this market in 2018, owing to its lower initial investment cost as compared to DC-EAF technology. However, with technological advancements being made in EAF technology, the DC-EAF segment is projected to grow at a higher CAGR during the forecast period from 2018to 2030. Based on application,the global industrial arc furnacesmarket can be divided into metal smelting, ore smelting and others (including alloy production and refining).
Product Definition:
Industrial Arc Furnaces are a type of furnace that uses an electric arc to heat metal. They are used to make steel and other metals.
AC-EAF:
The AC-EAF is a new type of electric arc furnace, which was designed to overcome the limitations of conventional furnaces. It has been developed by modifying the existing design and technology of electric arc furnaces. The primary objective behind this modification was to develop an efficient furnace that can produce steel with high carbon content in less time as compared to its conventional counterparts.
DC-EAF:
DC-EAF is a type of electric arc furnace used in the manufacturing of steel. It uses an electric arc to melt scrap metal or iron ore which is then carried by a conveyor belt into the furnace where it is heated to high temperatures. The molten metal or iron ore then travels through channels in the molten pool where it receives additional heat from electrodes and finally solidifies into bars on cooling plates.
Application Insights:
The metal smelting segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Arc furnaces are widely used for primary and secondary metals production as they offer high productivity, flexibility, energy efficiency and reduced environmental impact when compared to other methods such as open-hearth or electric furnace.
Arc furnaces are also used for non-metallic minerals including rocks, stones, sand & gravel (for construction purposes), glass & ceramics materials along with various other industrial byproducts including slag from steel production plants along with some rarer metals like molybdenum, tungsten and uranium which cannot be produced using open-hearth or electric furnace due to their low melting points.
Regional Analysis:
Asia Pacific dominated the global industry with a revenue share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to growing demand for metal and mineral processing in emerging economies such as China and India. In addition, increasing investments by governments of various countries coupled with favorable government policies are anticipated to propel market growth during the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow at an estimated CAGR of XX% from 2018 to 2030 due high consumption of metals and minerals across several end-use industries including construction, automotive, machinery manufacturing among others.
North America accounted for a significant share owing to presence major companies along with research centers involved in developing advanced technologies pertaining EAFs products & processes used by them (i).
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-quality, precision-cast parts
- Growing popularity of electric vehicles, which require more lightweight, high-strength components
- Rising demand for energy-efficient industrial furnaces that can reduce manufacturing costs
- Advances in furnace technology that improve performance and efficiency
- Increasing use of 3D printing in manufacturing to produce customized parts quickly and cheaply
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Arc Furnaces Market Research Report
By Type
AC-EAF, DC-EAF
By Application
Metal Smelting, Ore Smelting, Others
By Companies
Danieli, Siemens, SMS, Electrotherm, TENOVA, Primetals Technologies, DongXong, Steel Plantech, TYMEC, IHI, Danieli, Sermak Metal
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Arc Furnaces Market Report Segments:
The global Industrial Arc Furnaces market is segmented on the basis of:
Types
AC-EAF, DC-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
- Siemens
- SMS
- Electrotherm
- TENOVA
- Primetals Technologies
- DongXong
- Steel Plantech
- TYMEC
- IHI
- Danieli
- Sermak Metal
Highlights of The Industrial 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
- DC-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 Industrial 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
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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?
Industrial arc furnaces are a type of furnace used in the production of metals and other materials. They use an electric arc to melt metal, which is then drawn off the furnace as a liquid or solid.
Some of the major companies in the industrial arc furnaces market are Danieli, Siemens, SMS, Electrotherm, TENOVA, Primetals Technologies, DongXong, Steel Plantech, TYMEC, IHI, Danieli, Sermak Metal.
The industrial arc furnaces market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Arc Furnaces Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Arc Furnaces Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Arc Furnaces Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Arc Furnaces Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Arc Furnaces Market Size & Forecast, 2018-2028
4.5.1 Industrial Arc Furnaces Market Size and Y-o-Y Growth
4.5.2 Industrial Arc Furnaces Market Absolute $ Opportunity
Chapter 5 Global Industrial Arc Furnaces Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Arc Furnaces Market Size Forecast by Type
5.2.1 AC-EAF
5.2.2 DC-EAF
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Arc Furnaces Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Arc Furnaces Market Size Forecast by Applications
6.2.1 Metal Smelting
6.2.2 Ore Smelting
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Arc Furnaces Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Arc Furnaces Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Arc Furnaces Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Arc Furnaces Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Arc Furnaces Market Size Forecast by Type
9.6.1 AC-EAF
9.6.2 DC-EAF
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Arc Furnaces Market Size Forecast by Applications
9.10.1 Metal Smelting
9.10.2 Ore Smelting
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Arc Furnaces Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Arc Furnaces Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Arc Furnaces Market Size Forecast by Type
10.6.1 AC-EAF
10.6.2 DC-EAF
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Arc Furnaces Market Size Forecast by Applications
10.10.1 Metal Smelting
10.10.2 Ore Smelting
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Arc Furnaces Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Arc Furnaces Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Arc Furnaces Market Size Forecast by Type
11.6.1 AC-EAF
11.6.2 DC-EAF
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Arc Furnaces Market Size Forecast by Applications
11.10.1 Metal Smelting
11.10.2 Ore Smelting
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Arc Furnaces Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Arc Furnaces Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Arc Furnaces Market Size Forecast by Type
12.6.1 AC-EAF
12.6.2 DC-EAF
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Arc Furnaces Market Size Forecast by Applications
12.10.1 Metal Smelting
12.10.2 Ore Smelting
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Arc Furnaces Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Arc Furnaces Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Arc Furnaces Market Size Forecast by Type
13.6.1 AC-EAF
13.6.2 DC-EAF
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Arc Furnaces Market Size Forecast by Applications
13.10.1 Metal Smelting
13.10.2 Ore Smelting
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Arc Furnaces Market: Competitive Dashboard
14.2 Global Industrial Arc Furnaces Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Danieli
14.3.2 Siemens
14.3.3 SMS
14.3.4 Electrotherm
14.3.5 TENOVA
14.3.6 Primetals Technologies
14.3.7 DongXong
14.3.8 Steel Plantech
14.3.9 TYMEC
14.3.10 IHI
14.3.11 Danieli
14.3.12 Sermak Metal
