Electric Arc Furnaces Market: Top Companies and Size Trends 2024-2032

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Market Summary:

The “Electric Arc Furnaces Market Research Report Overview by 2024” market size is reached USD 730.2 million by 2023 and it is expected to reach USD 1,891.1 million by 2032 between the forecast period and expected Compound annual growth rate of 11.5% between the forcast period by (2023-2032).

The Electric Arc Furnaces Market has experienced substantial growth in recent years, driven by several key factors, including rising demand for its products, a widening customer base, and advancements in technology. This report offers an in-depth analysis of the market, covering aspects such as market size, trends, drivers and constraints, competitive dynamics, and future growth prospects.

Top Companies of Electric Arc Furnaces Market:

Most of the manufacturers in the market report are listed below:

• Nippon Steel Corporation (Japan)
• Danieli & C. Officine Meccaniche SpA (Italy)
• ArcelorMittal (Luxembourg)
• Tenova S.p.A. (Italy)
• SMS Group GmbH (Germany)
• Electrotherm (India)
• Paul Wurth IHI Co., Ltd. (Japan)
• Primetals Technologies (U.K.)
• Wuxi Dongxong Heavy Arc Furnace Co., Ltd. (China)
• JP Steel Plantech Co. (Japan)

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Segmentation:

Electric Arc Furnace Market Size, Share & Industry Analysis, By Type (DC Arc Furnace and AC Arc Furnace), By Capacity (Up to 100 Tons, 100 – 300 Tons, and Above 300 Tons), By Application (Ferrous Metals and Non-Ferrous Metals), and Regional Forecast, 2024 – 2032

Market Coverage:

• Market Trends
• Market Breakup by Segment
• Market Breakup by Region
• Price Analysis
• Impact of COVID-19
• Market Forecast

The Electric Arc Furnaces Market report offers insights into the market landscape, which is further divided into sub-regions and countries. Alongside the market share for each country and sub-region, this section of the report highlights potential profit opportunities. Additionally, it details the market share and growth rate for each region.

Regional Analysis:

• North America (By Type, By Capacity, By Application, and By Country)
  • U.S.  (By Capacity)
  • Canada (By Capacity)
  • Mexico (By Capacity)
• Europe (By Type, By Capacity, By Application, and By Country)
  • Germany (By Capacity)
  • U.K. (By Capacity)
  • France (By Capacity)
  • Italy (By Capacity)
  • Russia (By Capacity)
  • Rest of Europe
• Asia Pacific (By Type, By Capacity, By Application, and By Country)
  • China (By Capacity)
  • India (By Capacity)
  • Japan (By Capacity)
  • South Korea (By Capacity)
  • Rest of Asia Pacific
• Middle East & Africa (By Type, By Capacity, By Application, and By Country)
  • Turkey (By Capacity)
  • GCC (By Capacity)
  • South Africa (By Capacity)
  • Rest of the Middle East & Africa
• South America (By Type, By Capacity, By Application, and By Country)
  • Brazil (By Capacity)
  • Argentina (By Capacity)
  • Rest of South America

Report coverage:

• Key growth drivers, restraining factors, opportunities and potential challenges for the market.
• Complete knowledge of regional developments.
• List of major industry players.
• Key strategies adopted by market players.
• Recent industry developments include product launches, partnerships, mergers and acquisitions.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry’s potential and provide information that will help companies to make informed decisions. The Electric Arc Furnaces Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry Developments:

• • Tenova supplied its electric arc furnace to ORI Martin, a European steel group that specializes in manufacturing steel for the automotive, fastener, mechanical, and building sectors. Tenova replaced the existing EAF at the mill in Brescia, Italy.
  • ArcelorMittal planned to invest in a new electric arc furnace production capacity at Belval, Luxembourg. The company planned to invest approximately USD 16.4 Million.
  • Shinkansai Steel Co. Ltd., a Japanese flat-steel manufacturer, came into contract with Danieli to inbuild its Q-One digital power electronics technology to operate electric arc furnaces and maintain the power factor close to unity.
  • Primetals Technologies and Salzgitter Flachstahl GmbH undergone a contract for the engineering, supply, and installation of an electric arc furnace where the company has made a capital investment of about USD 724 Million for a low carbon dioxide (CO2) steelmaking facility.

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