Industry: Machinery & Equipment
Published Date: 2024-04-19
Pages: 127 Pages
Report ld: 2982839
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Electric Arc Furnaces Market Size(US$)

CAGR 2024-2030
8.3%
Market Size,2030
USD 1,231
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
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 market for Electric Arc Furnaces was estimated to be worth US$ 713 million in 2023 and is forecast to a readjusted size of US$ 1231 million by 2030 with a CAGR of 8.3% during the forecast period 2024-2030.
The Global key players of Electric Arc Furnaces include Danieli, SMS, TENOVA, etc. The top three players hold a share over 38%. Asia-Pacific is the largest market, and has a share about 58%. In terms of product type, AC-EAF is the largest segment, which occupied for a share of about 83%. For application, Metal Smelting is the largest segment, which has a share about 65%.
This report aims to provide a comprehensive presentation of the global market for Electric Arc Furnaces, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Electric Arc Furnaces by region & country, by Type, and by Application.
The Electric Arc Furnaces market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Electric Arc Furnaces manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: 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 market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Electric Arc Furnaces in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Electric Arc Furnaces Product Introduction
1.2 Global Electric Arc Furnaces Market Size Forecast
1.2.1 Global Electric Arc Furnaces Sales Value (2019-2030)
1.2.2 Global Electric Arc Furnaces Sales Volume (2019-2030)
1.2.3 Global Electric Arc Furnaces Sales Price (2019-2030)
1.3 Electric Arc Furnaces Market Trends & Drivers
1.3.1 Electric Arc Furnaces Industry Trends
1.3.2 Electric Arc Furnaces Market Drivers & Opportunity
1.3.3 Electric Arc Furnaces Market Challenges
1.3.4 Electric Arc Furnaces Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Electric Arc Furnaces Players Revenue Ranking (2023)
2.2 Global Electric Arc Furnaces Revenue by Company (2019-2024)
2.3 Global Electric Arc Furnaces Players Sales Volume Ranking (2023)
2.4 Global Electric Arc Furnaces Sales Volume by Company Players (2019-2024)
2.5 Global Electric Arc Furnaces Average Price by Company (2019-2024)
2.6 Key Manufacturers Electric Arc Furnaces Manufacturing Base and Headquarters
2.7 Key Manufacturers Electric Arc Furnaces Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Electric Arc Furnaces
2.9 Electric Arc Furnaces Market Competitive Analysis
2.9.1 Electric Arc Furnaces Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Electric Arc Furnaces Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electric Arc Furnaces as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 AC-EAF
3.1.2 DC-EAF
3.2 Global Electric Arc Furnaces Sales Value by Type
3.2.1 Global Electric Arc Furnaces Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Electric Arc Furnaces Sales Value, by Type (2019-2030)
3.2.3 Global Electric Arc Furnaces Sales Value, by Type (%) (2019-2030)
3.3 Global Electric Arc Furnaces Sales Volume by Type
3.3.1 Global Electric Arc Furnaces Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Electric Arc Furnaces Sales Volume, by Type (2019-2030)
3.3.3 Global Electric Arc Furnaces Sales Volume, by Type (%) (2019-2030)
3.4 Global Electric Arc Furnaces Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Metal Smelting
4.1.2 Ore Smelting
4.1.3 Others
4.2 Global Electric Arc Furnaces Sales Value by Application
4.2.1 Global Electric Arc Furnaces Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Electric Arc Furnaces Sales Value, by Application (2019-2030)
4.2.3 Global Electric Arc Furnaces Sales Value, by Application (%) (2019-2030)
4.3 Global Electric Arc Furnaces Sales Volume by Application
4.3.1 Global Electric Arc Furnaces Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Electric Arc Furnaces Sales Volume, by Application (2019-2030)
4.3.3 Global Electric Arc Furnaces Sales Volume, by Application (%) (2019-2030)
4.4 Global Electric Arc Furnaces Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Electric Arc Furnaces Sales Value by Region
5.1.1 Global Electric Arc Furnaces Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Electric Arc Furnaces Sales Value by Region (2019-2024)
5.1.3 Global Electric Arc Furnaces Sales Value by Region (2025-2030)
5.1.4 Global Electric Arc Furnaces Sales Value by Region (%), (2019-2030)
5.2 Global Electric Arc Furnaces Sales Volume by Region
5.2.1 Global Electric Arc Furnaces Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Electric Arc Furnaces Sales Volume by Region (2019-2024)
5.2.3 Global Electric Arc Furnaces Sales Volume by Region (2025-2030)
5.2.4 Global Electric Arc Furnaces Sales Volume by Region (%), (2019-2030)
5.3 Global Electric Arc Furnaces Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Electric Arc Furnaces Sales Value, 2019-2030
5.4.2 North America Electric Arc Furnaces Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Electric Arc Furnaces Sales Value, 2019-2030
5.5.2 Europe Electric Arc Furnaces Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Electric Arc Furnaces Sales Value, 2019-2030
5.6.2 Asia Pacific Electric Arc Furnaces Sales Value by Region (%), 2023 VS 2030
5.7 South America
5.7.1 South America Electric Arc Furnaces Sales Value, 2019-2030
5.7.2 South America Electric Arc Furnaces Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Electric Arc Furnaces Sales Value, 2019-2030
5.8.2 Middle East & Africa Electric Arc Furnaces Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Electric Arc Furnaces Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Electric Arc Furnaces Sales Value
6.2.1 Key Countries/Regions Electric Arc Furnaces Sales Value, 2019-2030
6.2.2 Key Countries/Regions Electric Arc Furnaces Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Electric Arc Furnaces Sales Value, 2019-2030
6.3.2 United States Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Electric Arc Furnaces Sales Value, 2019-2030
6.4.2 Europe Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Electric Arc Furnaces Sales Value, 2019-2030
6.5.2 China Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.5.3 China Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Electric Arc Furnaces Sales Value, 2019-2030
6.6.2 Japan Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Electric Arc Furnaces Sales Value, 2019-2030
6.7.2 South Korea Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Electric Arc Furnaces Sales Value, 2019-2030
6.8.2 Southeast Asia Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Electric Arc Furnaces Sales Value, 2019-2030
6.9.2 India Electric Arc Furnaces Sales Value by Type (%), 2023 VS 2030
6.9.3 India Electric Arc Furnaces Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Danieli
7.1.1 Danieli Company Information
7.1.2 Danieli Introduction and Business Overview
7.1.3 Danieli Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.1.4 Danieli Electric Arc Furnaces Product Offerings
7.1.5 Danieli Recent Development
7.2 SMS
7.2.1 SMS Company Information
7.2.2 SMS Introduction and Business Overview
7.2.3 SMS Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.2.4 SMS Electric Arc Furnaces Product Offerings
7.2.5 SMS Recent Development
7.3 TENOVA
7.3.1 TENOVA Company Information
7.3.2 TENOVA Introduction and Business Overview
7.3.3 TENOVA Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.3.4 TENOVA Electric Arc Furnaces Product Offerings
7.3.5 TENOVA Recent Development
7.4 Steel Plantech
7.4.1 Steel Plantech Company Information
7.4.2 Steel Plantech Introduction and Business Overview
7.4.3 Steel Plantech Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.4.4 Steel Plantech Electric Arc Furnaces Product Offerings
7.4.5 Steel Plantech Recent Development
7.5 Electrotherm
7.5.1 Electrotherm Company Information
7.5.2 Electrotherm Introduction and Business Overview
7.5.3 Electrotherm Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.5.4 Electrotherm Electric Arc Furnaces Product Offerings
7.5.5 Electrotherm Recent Development
7.6 IHI
7.6.1 IHI Company Information
7.6.2 IHI Introduction and Business Overview
7.6.3 IHI Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.6.4 IHI Electric Arc Furnaces Product Offerings
7.6.5 IHI Recent Development
7.7 Primetals Technologies
7.7.1 Primetals Technologies Company Information
7.7.2 Primetals Technologies Introduction and Business Overview
7.7.3 Primetals Technologies Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.7.4 Primetals Technologies Electric Arc Furnaces Product Offerings
7.7.5 Primetals Technologies Recent Development
7.8 TYMEC
7.8.1 TYMEC Company Information
7.8.2 TYMEC Introduction and Business Overview
7.8.3 TYMEC Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.8.4 TYMEC Electric Arc Furnaces Product Offerings
7.8.5 TYMEC Recent Development
7.9 DongXong
7.9.1 DongXong Company Information
7.9.2 DongXong Introduction and Business Overview
7.9.3 DongXong Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.9.4 DongXong Electric Arc Furnaces Product Offerings
7.9.5 DongXong Recent Development
7.10 Sermak Metal
7.10.1 Sermak Metal Company Information
7.10.2 Sermak Metal Introduction and Business Overview
7.10.3 Sermak Metal Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.10.4 Sermak Metal Electric Arc Furnaces Product Offerings
7.10.5 Sermak Metal Recent Development
7.11 XiYe Technology Group
7.11.1 XiYe Technology Group Company Information
7.11.2 XiYe Technology Group Introduction and Business Overview
7.11.3 XiYe Technology Group Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.11.4 XiYe Technology Group Electric Arc Furnaces Product Offerings
7.11.5 XiYe Technology Group Recent Development
7.12 Doshi
7.12.1 Doshi Company Information
7.12.2 Doshi Introduction and Business Overview
7.12.3 Doshi Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.12.4 Doshi Electric Arc Furnaces Product Offerings
7.12.5 Doshi Recent Development
7.13 Xi'an Huachang Metallurgical Technology
7.13.1 Xi'an Huachang Metallurgical Technology Company Information
7.13.2 Xi'an Huachang Metallurgical Technology Introduction and Business Overview
7.13.3 Xi'an Huachang Metallurgical Technology Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.13.4 Xi'an Huachang Metallurgical Technology Electric Arc Furnaces Product Offerings
7.13.5 Xi'an Huachang Metallurgical Technology Recent Development
7.14 CVS Technologies
7.14.1 CVS Technologies Company Information
7.14.2 CVS Technologies Introduction and Business Overview
7.14.3 CVS Technologies Electric Arc Furnaces Sales, Revenue, Price and Gross Margin (2019-2024)
7.14.4 CVS Technologies Electric Arc Furnaces Product Offerings
7.14.5 CVS Technologies Recent Development
8 Industry Chain Analysis
8.1 Electric Arc Furnaces Industrial Chain
8.2 Electric Arc Furnaces Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Electric Arc Furnaces Sales Model
8.5.2 Sales Channel
8.5.3 Electric Arc Furnaces Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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