October 1, 2023

The Global Electric Arc Furnaces Market Research Report (2023) presents an in-depth analysis of the current market status, future forecasts, growth opportunities, key markets, and leading players. This report provides detailed data on factors influencing the growth of the Electric Arc Furnaces Industry at both national and local levels. Readers will gain insights into market size forecasts, regional market share, segment and country growth opportunities, key company profiles, product portfolios, growth strategies, and more.

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Key Industry Development:

Tenova S.p.A., provided its technology to Metalloinvest in order to complete the modernization of its EAF. This development will allow the company to produce steel using converter method without using electrodes.

Cleveland-Cliffs Inc.acquired AK Steel Holding Corporation. This is a strategic decision, which will increase the presence of the company in North American region.

Leading Market Players:

IHI Corporation
SMS group GmbH
DANIELI
Tenova S.p.A.
Siemens
Electrotherm
JP Steel Plantech Co.
Wuxi Dongxong Heavy Arc Furnace Co.
Ltd.
Primetals Technologies
IHI Corporation
ArcelorMittal & Systemchef.

Our report encompasses:

  • Current market trends and key developments.
  • Comprehensive revenue figures and SWOT analysis.
  • Business share projections from 2023.
  • Geographical outlook across North America, Asia-Pacific Region, Europe, Middle East, and Africa.
  • Historical data and metrics for a holistic understanding.
  • Insight into major companies, including their market volumes and revenues across all regions.

Regional Analysis & Forecast: Our study offers a panoramic view of the Global Electric Arc Furnaces Industry, encompassing five distinct market segments across four major geographic regions. With a focus on annual trends over the last five years, the report illuminates market size, volume, and share metrics for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). Moreover, the report includes a detailed forecast spotlighting market opportunities for each of these regions over the next five years.

Impact of COVID-19: Our report acknowledges the tumultuous impact of COVID-19 on the industry, assessing:

  • Current industry trends in relation to the pandemic.
  • Upstream and downstream market effects.
  • Regional and country-specific impacts.
  • Predicted future repercussions of the pandemic on the industry.

Segmentations Included:

-By Type

  • AC Furnace
  • DC Furnace

-By Capacity

  • Up to 100 tons
  • 100 – 200 tons
  • 200 – 300 tons
  • 300 – 400 tons
  • More than 400 tons

-By Application

  • Iron
  • Steel
  • Brass
  • Bronze
  • Copper
  • Tin
  • Others (Zinc, etc.)

Curious about the Electric Arc Furnaces Market? Here are some FAQs:

  • What drives the Electric Arc Furnaces Industry?
  • Who are the pivotal players?
  • What’s the growth potential in different regions?
  • How can one optimize strategies for the Electric Arc Furnaces industry?
  • What’s the projected CAGR for the Electric Arc Furnaces Market between 2023?

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