Electric Arc Furnaces Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR45919
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

 Electric Arc Furnaces Market - 2021-2025

The electric arc furnaces market size is expected to reach a value of USD 555.36 million, at a CAGR of 11.10%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as lower investment requirements of the EAF route than the BF-BOF route are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on market growth.

To Unlock the Electric Arc Furnaces Market Size for 2021 and Other Important Statistics Wait no Longer!

Complete the Payment and Get this Report Within a Minute!

Electric Arc Furnaces Market Segments

From this Technavio report, get actionable insights on the electric arc furnaces market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by technology (DC arc furnace and AC arc furnace) and geography (APAC, Europe, North America, MEA, and South America) in this electric arc furnaces market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic electric arc furnaces market predictions on consumer demand changes for 2021-2025.

Electric Arc Furnaces Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.10%

Market growth 2021-2025

$ 555.36 million

Market structure

Fragmented

YoY growth (%)

8.30

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 67%

Key consumer countries

China, India, Germany, US, and Brazil

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Berry Metal Co., Danieli & C. Officine Meccaniche Spa, Electrotherm Ltd., IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Primetals Technologies Ltd., SMS group GmbH, Tenova Spa, and Whiting Equipment Canada Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Electric Arc Furnaces Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The electric arc furnaces market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the electric arc furnaces market share during 2021-2025.

The electric arc furnaces market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Electric Arc Furnaces Market Vendors

Regional Opportunities in Electric Arc Furnaces Market - 2021-2025

67% of the electric arc furnaces market growth will originate from APAC during the forecast period. China and India are the key markets for electric arc furnaces in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Electric Arc Furnaces Market Share by Geography

To unlock information on emerging business opportunities across regions, Request for a FREE Sample!

APAC has been exhibiting a significant growth rate for electric arc furnaces market vendors. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The electric arc furnaces market share growth in APAC will be faster than the growth of the market in other regions. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Electric Arc Furnaces Market Share and Revenue by Technology

Electric Arc Furnaces Market Share by Technology

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The electric arc furnaces market share growth by the DC arc furnace segment will be significant during the forecast period. The growing popularity of steel minimills in developing countries and the countries that are rich in natural gas and the focus of the global steel industry on lowering the production cost are the main factors that are expected to drive the growth of this segment  This report provides an accurate prediction of the contribution of all the segments to the growth of the electric arc furnaces market size.

From the electric arc furnaces market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Electric Arc Furnaces Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding electric arc furnaces market growth is the downsizing of the Chinese steel industry. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

One of the key factors driving growth in the electric arc furnaces market is the lower investment requirements of the EAF route over the BF-BOF route. The EAF route (minimill) requires less capital expenditure for a given output of steel when compared to the BF-BOF route. The advanced minimills can use up to 100% scrap steel as the primary raw material to produce steel, which, in turn, eliminates the investment requirement in transportation, storage, and processing facilities for iron ore and coking coal. Unlike integrated steel plants, minimill operators usually set up their facilities in the vicinity of their major customers, which results in logistical efficiency.

The new emission regulations in China is another major factor supporting the electric arc furnaces market share growth. The use of coking coal leads to the emission of carbon dioxide, which is a greenhouse gas. The governments of the Hebei and Jiangsu provinces of China ordered steel producers to reduce air pollution. Government initiatives are encouraging the use of the EAF route of steel making in China as it causes less harmful emissions compared with the BF-BOF route. It is expected that the anti-pollution drive will force other major steel-producing Chinese provinces as well to reduce the emissions caused by their respective steel industries. China has also introduced a carbon trading system which has increased the environmental cost for blast furnace operators more compared with their minimill counterparts.

This electric arc furnaces market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

market _name Report

Need a Customized Report? Get in touch

Electric Arc Furnaces Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric arc furnaces market growth during the next five years
  • Precise estimation of the electric arc furnaces market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric arc furnaces market across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric arc furnaces market vendors

Buy the Electric Arc Furnaces Market report now to reimage your business strategies!

 

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • DC arc furnace - Market size and forecast 2020-2025
    • AC arc furnace - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Berry Metal Co.
      • Danieli & C. Officine Meccaniche Spa
      • Electrotherm Ltd.
      • IHI Corp.
      • JP Steel Plantech Co.
      • Nippon Steel Corp.
      • Primetals Technologies Ltd.
      • SMS group GmbH
      • Tenova Spa
      • Whiting Equipment Canada Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The electric arc furnaces market growth will increase by $526.50 million during 2019-2024.
      The electric arc furnaces market is expected to grow at a CAGR of 11.32% during 2019-2024.
      Technavio has segmented the electric arc furnaces market by technology (DC arc furnace and AC arc furnace) and geographic (APAC, Europe, North America, MEA, and South America).
      Danieli & C. Officine Meccaniche Spa, Electrotherm (India) Ltd., IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Primetals Technologies Ltd., Siemens AG, Sinosteel Corp., SMS group GmbH, Tenova Spa are a few of the key vendors in the electric arc furnaces market.
      APAC will register the highest growth rate of 66.98% among the other regions. Therefore, the electric arc furnaces market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the electric arc furnaces market growth are:
      • Lower investment requirements of EAF route than BF-BOF route
      The electric arc furnaces market vendors should focus on grabbing business opportunities from the dc arc furnace segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Industrials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>