Report Overview
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.
This research report gives detailed data about the major factors influencing the growth of the Electric Arc Furnaces market at the national and local level forecast of the market size, in terms of value, market share by region, and segment; regional market positions; segment and country opportunities for growth; Key company profiles, SWOT, product portfolio and growth strategies. It studies the market\'s essential sides such as top participants, expansion strategies, business models, and other market features to improve market insight.
The report forecast global Electric Arc Furnaces market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Electric Arc Furnaces market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
First, this report covers the present status and the future prospects of the global Electric Arc Furnaces market for 2015-2028.
Market Segmentation
The Electric Arc Furnaces market is segmented on the basis of type, application, end-use industry, and region & country.
Key Companies
Danieli
Electrotherm
SMS
Siemens
TENOVA
STEEL PLANTECH
Doshi
IHI
DongXong
YUEDA
Nupro Corporation
At the same time, we classify Electric Arc Furnaces according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
AC-EAF
DA-EAF
In Market segmentation by applications :
Metal smelting
Ore smelting
Others
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Arc Furnaces market for the forecast period 2021 - 2028?
• What are the driving forces in the Electric Arc Furnaces market for the forecast period 2021 - 2028?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Arc Furnaces industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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