Electric Arc Furnaces Market (Updated Version Available)

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 industry is centralized. Top 11 companies in the market occupies about 49.76% of the Revenue market shares in 2016. The major manufacturers of Electric Arc Furnaces are Danieli, Electrotherm, SMS, Siemens, TENOVA, STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation.
In the past few years, as the main raw material price was not stable, with the addition of a sharp increase in production capacity, expected that the Electric Arc Furnaces raw material price will be relatively stable in the short term. However, the improvement of energy, transportation costs, and employee wages, will play a significant role in promoting the cost of Electric Arc Furnaces.
In China, Electric Arc Furnaces market is occupied by foreign banks to some degree, such as Danieli, Electrotherm, SMS, Siemens, China is the world\'s largest consumption market of electric arc furnaces; as the same time, the production of electric arc furnaces in China grown gradually.

The report offers detailed coverage of Electric Arc Furnaces industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Electric Arc Furnaces by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

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 2021-2025.

First, this report covers the present status and the future prospects of the global Electric Arc Furnaces market for 2015-2025.
And in this report, we analyze global market from 5 geographies: 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].

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 Segment as follows:
Market by Order Type
AC-EAF
DA-EAF
Market by Application
Metal smelting
Ore smelting
Others

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 - 2025?
• What are the driving forces in the Electric Arc Furnaces market for the forecast period 2021 - 2025?
• 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?