Market Overview:
The global industrial electric arc furnaces (EAC) 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 need for energy-efficient and environment-friendly technologies is also propelling the growth of this market. Based on type, AC electric arc furnaces (EAC) held a major share of the global industrial electric arc furnaces (EAC) market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high efficiency and low operating costs as compared to DC electric arc furnaces (EAC).
 Industry Outlook.svg)
Product Definition:
An industrial electric arc furnace (EAC) is a large, powerful furnace that uses electricity to create an intense heat and then uses that heat to melt down metal. This type of furnace is used to produce large quantities of steel, aluminum, and other metals.
AC Electric Arc Furnaces (EAC):
The global AC electric arc furnaces market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from end-use industries such as automotive, construction, metallurgy and mining equipment manufacturing among others.
DC Electric Arc Furnaces (EAC):
DC electric arc furnaces are a type of electric arc furnace used in the iron and steel industry for heating metal ores to produce pig iron, which can be further processed to make steel. The process is carried out in an enclosed chamber where the feed material (ore) is placed under high temperature and pressure.
The basic operation of a DC electric arc furnace includes charging, feeding, maintaining atmosphere inside the furnace through flue gas heaters along with controlling temperature.
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 metals, especially from China, India and Japan is expected to drive industry growth over the next six years.
The ore smelting application segment was valued at USD 1.73 billion in 2017 owing to high production rates of iron ores in Sweden and Finland which provide a suitable environment for EACs used as primary sources of energy supply. The others category includes waste incineration facilities that utilize EACs as a secondary source of energy due to their ability to produce electricity through combustion processes along with other by-products such as nitrogen oxides (NOx) and carbon dioxide (CO2).
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 important regional segment. China is one of the largest steel producers in Asia Pacific and also one of the leading electric arc furnace manufacturers across various regions. In addition, India's demand for electric furnaces is anticipated to grow at a significant rate owing to increasing metal production sector in this country.
North America accounted for more than 20% share of global revenue in 2017 due to growing demand from end-use industries such as automotive and construction equipment manufacturing companies located within U.S., Canada, and Mexico countries are experiencing robust economic growth over last few years on account of strong industrial output from several key sectors including machinery & equipment, transportation & storage, building & construction materials among others).
Growth Factors:
- Growing demand from the automotive and aerospace industries for high-quality steel products is expected to drive the growth of the industrial electric arc furnace (EAC) market.
- The increasing use of EACs in mini mills is also projected to boost the market growth during the forecast period.
- The growing demand for energy-efficient and environment-friendly technologies is anticipated to create new opportunities for players operating in this market over the next few years.
- Rising investments by key players in research and development activities are expected to result in innovations that would help improve EACs’ performance, thus propelling market growth further over the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Electric Arc Furnaces (EAC) Market Research Report
By Type
AC Electric Arc Furnaces (EAC), DC Electric Arc Furnaces (EAC)
By Application
Metal Smelting, Ore Smelting, Others
By Companies
Danieli, Siemens, SMS, Electrotherm, TENOVA, Primetals Technologies, DongXong, Steel Plantech, TYMEC, IHI, Doshi, 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Electric Arc Furnaces (EAC) Market Report Segments:
The global Industrial Electric Arc Furnaces (EAC) market is segmented on the basis of:
Types
AC Electric Arc Furnaces (EAC), DC Electric Arc Furnaces (EAC)
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
- Doshi
- Sermak Metal
 Market Overview.svg)
Highlights of The Industrial Electric Arc Furnaces (EAC) 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 Electric Arc Furnaces (EAC)
- DC Electric Arc Furnaces (EAC)
- 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 Electric Arc Furnaces (EAC) 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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 Electric Arc Furnaces (EAC) are a type of electric furnace used for the production of metals and alloys. They use an electric arc to melt the metal, which is then drawn off into a stream or crucible.
Some of the major companies in the industrial electric arc furnaces (eac) market are Danieli, Siemens, SMS, Electrotherm, TENOVA, Primetals Technologies, DongXong, Steel Plantech, TYMEC, IHI, Doshi, Sermak Metal.
The industrial electric arc furnaces (eac) 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. Industrial Electric Arc Furnaces (EAC) 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. Industrial Electric Arc Furnaces (EAC) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Electric Arc Furnaces (EAC) Market - Supply Chain
4.5. Global Industrial Electric Arc Furnaces (EAC) Market Forecast
4.5.1. Industrial Electric Arc Furnaces (EAC) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Electric Arc Furnaces (EAC) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Electric Arc Furnaces (EAC) Market Absolute $ Opportunity
5. Global Industrial Electric Arc Furnaces (EAC) 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. Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
5.3.1. AC Electric Arc Furnaces (EAC)
5.3.2. DC Electric Arc Furnaces (EAC)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Electric Arc Furnaces (EAC) 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. Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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. Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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. Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Demand Share Forecast, 2019-2026
9. North America Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
9.7.1. AC Electric Arc Furnaces (EAC)
9.7.2. DC Electric Arc Furnaces (EAC)
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 Industrial Electric Arc Furnaces (EAC) Demand Share Forecast, 2019-2026
10. Latin America Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
10.7.1. AC Electric Arc Furnaces (EAC)
10.7.2. DC Electric Arc Furnaces (EAC)
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 Industrial Electric Arc Furnaces (EAC) Demand Share Forecast, 2019-2026
11. Europe Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
11.7.1. AC Electric Arc Furnaces (EAC)
11.7.2. DC Electric Arc Furnaces (EAC)
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 Industrial Electric Arc Furnaces (EAC) Demand Share, 2019-2026
12. Asia Pacific Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
12.7.1. AC Electric Arc Furnaces (EAC)
12.7.2. DC Electric Arc Furnaces (EAC)
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 Industrial Electric Arc Furnaces (EAC) Demand Share, 2019-2026
13. Middle East & Africa Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) 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 Industrial Electric Arc Furnaces (EAC) Market Size and Volume Forecast by Type
13.7.1. AC Electric Arc Furnaces (EAC)
13.7.2. DC Electric Arc Furnaces (EAC)
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 Industrial Electric Arc Furnaces (EAC) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Electric Arc Furnaces (EAC) Market: Market Share Analysis
14.2. Industrial Electric Arc Furnaces (EAC) Distributors and Customers
14.3. Industrial Electric Arc Furnaces (EAC) 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. Siemens
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. Electrotherm
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. Primetals Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DongXong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Steel Plantech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TYMEC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. IHI
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Doshi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sermak Metal
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
