Electric Arc Furnaces Market 2024: Insights on Size, Growth, Demand, and Forecasts to 2032
Investigate the electric arc furnaces market, focusing on size, growth rates, demand trends, and forecasts through 2032.
Explore the Latest Insights in the Electric Arc Furnaces Market!
A new report from Fortune Business Insights™ titled Electric Arc Furnaces Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 provides a comprehensive analysis of the Electric Arc Furnaces Market landscape. This report includes competitor and regional analyses, along with the latest advancements in the market.
Inside, you’ll find a detailed table of contents, figures, tables, and charts, complemented by insightful commentary. The Electric Arc Furnaces Market sector has seen remarkable growth recently, driven by increasing product demand, a growing customer base, and technological innovations. This report thoroughly examines the Electric Arc Furnaces Market, covering market size, trends, key drivers and constraints, competitive dynamics, and future growth prospects. Our goal is to delve deep into the industry to understand its dynamics and economic potential.
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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 significant growth, supported by various factors like rising product demand, an expanding customer base, and technological advancements. This report delivers an in-depth analysis of the market, including insights on market size, trends, key drivers and challenges, competitive dynamics, and future growth opportunities.
Top Companies in the Electric Arc Furnaces Market:
Here are some leading manufacturers in the sector:
- 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 Segmentation by Segment
- Market Segmentation by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
This report provides insights into the market landscape, broken down by sub-regions and countries. It highlights potential profit opportunities alongside market share and growth rates 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 Highlights:
- Key growth drivers and challenges for the market.
- Comprehensive overview of regional developments.
- List of major industry players.
- Strategies adopted by key market players.
- Recent developments, including product launches and mergers.
The report also discusses limiting factors and the regional industrial presence that may impact market growth trends beyond 2032. Our market research aims to provide a thorough understanding of the industry’s potential and equip companies with the insights they need to make informed decisions. The Electric Arc Furnaces Market Report spans over 100+ pages and includes a detailed table of contents, figures, tables, graphs, and extensive 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
- Industry Developments (Mergers, Acquisitions, 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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