Electric Arc Furnace (EAF) Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Germany, Brazil - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 172 SKU: IRTNTR45919

Electric Arc Furnace (EAF) Market 2024-2028

The Electric Arc Furnace (EAF) Market size is estimated to grow at a CAGR of 10.7% between 2023 and 2028. The market size is forecast to increase by USD 749.23 million. The growth of the market depends on several factors such as recent developments in electric arc furnaces, growing preference for electric arc furnaces over traditional blast furnaces and increasing application of steel scrap. 

The report includes a comprehensive outlook on the Electric Arc Furnaces Market offering forecasts for the industry segmented by Type, which comprises AC arc furnace and DC arc furnace. Additionally, it categorizes Capacity into 100 to 200 tons, 200 to 300 tons, more than 300 tons, and up to 100 tons and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the Size of the Electric Arc Furnaces Market During the Forecast Period?

Electric Arc Furnaces Market Forecast 2024-2028

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Electric Arc Furnaces Market Dynamic

Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Driver- Increasing application of steel scrap

Globally, the use of scrap steel is increasing to reduce the carbon footprint. Recycling steel scrap improves the steel industry's economic viability and reduces the environmental impact by reducing the need for iron ore extraction for steel production. This significantly reduces CO2 emissions, minimizes energy and water consumption, and lowers air pollution. Currently, CMC only uses 100% recycled scrap steel as the primary material in their steel production process and prevents over 19 billion pounds of scrap metal from being sent to landfills annually. Iron ore and steel or steel scrap can be used alone or in combination with other raw materials for the preparation of steel. The demand for steel scrap is highly affected by the fluctuating prices of iron ore.

Moreover, owing to an increase in electricity and energy costs, manufacturers have started using steel scrap as the major raw material to decrease their overall cost of production. In 2021, US Steel recycled approximately 5.2 million metric tons of scrap steel in integrated and minimal ills. Steel is recycled over and over without any loss of quality to the products being produced. Thus, increasing the application of steel scrap will drive the growth of the market during the forecast period.

Trends- Increasing production of DRI

The BF-BOF route of steelmaking uses coking coal as a source of carbon and energy in blast furnaces. A direct reduction of iron is another route of steel making, which relies on natural gas or non-coking coal to produce DRI, which is used with scrap steel to produce crude steel. The improvements in the extraction and mining technologies for natural gas and non-coking coal, respectively, have considerably increased their production. It has helped keep their prices at low levels. The low prices of natural gas and non-coking coal usually result in the increased production of DRI as the production cost declines. 

In addition, the US, India, and Egypt are also expected to increase their share of the DRI-electric arc furnace route in their respective steel industries. Supply-side factors such as the increasing exports of natural gas from the US, Qatar, and Australia are also encouraging DRI producers to invest in new DRI plants. Thus, the expected increase in the share of DRI and scrap steel in the global steel output will drive the growth of the market during the forecast period.

Challenge - Uncertainty in demand for steel and price of steel scraps

Steel output is drifting downward in various parts of the world, including Europe, and North America, which negatively impacted the growth of the global steel scrap market. Turkey, which is a major buyer of ferrous scrap exported from the US, made 4.6% less steel in the first half of 2022 as compared with the first half of 2021. Shredded scrap and prime grades are selling for below USD 400 per ton in parts of the US currently. Thus, the uncertainty in demand for steel will negatively impact the growth of the electric arc furnace (EAF) market. Owing to the Russian invasion of Ukraine, the economic conditions in numerous countries in the European region have deteriorated significantly, negatively affecting steel production worldwide.

However, in May 2022, the price of steel scrap declined.  Thus, the instances show that the price of steel scraps is very uncertain, as it depends on various factors, such as the production of steel products. Therefore, the uncertainty in the steel scrap prices will negatively impact the profit of companies operating in the electric arc furnace (EAF) market. Such factors are driving the market growth during the forecast period. 

Electric Arc Furnaces Market Segmentation by Type, Capacity and Geography

Type Segment Analysis:

The AC arc furnace segment is estimated to witness significant growth during the forecast period. The alternating current (AC) arc furnace segment will hold a major share of the electric arc furnace (EAF) market in 2023 and they utilize alternating current to produce intense heat through electric arcs, enabling the smelting and refining of steel and other alloys. One of the notable advantages of AC arc furnaces is their ability to efficiently melt a variety of raw materials, including scrap metal and direct reduced iron (DRI), to produce high-quality steel.

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The AC arc furnace was the largest segment and was valued at USD 493.65 million in 2018. The AC arc furnace segment continues to witness technological advancements, such as the implementation of innovative refractory materials and furnace lining designs aimed at enhancing durability and prolonging furnace lifespan. These developments contribute to reducing maintenance costs and downtime, increasing the overall competitiveness of steel producers who rely on AC arc furnaces. Thus, the above-mentioned advantages are expected to increase the adoption of AC arc furnaces, which will propel the growth of the AC arc furnace segment in the electric arc furnace market during the forecast period.

Capacity Segment Analysis:

Based on the capacity, the market has been segmented into 100 to 200 tons, 200 to 300 tons, more than 300 tons, and up to 100 tons. The 100 to 200 tons?segment will account for the largest share of this segment.?  As a productive melting tool, the EAF process has been created. The raw material may be up to 100% scrap or various mixes of hot metal, pig iron, DRI (hot and/or cold), and HBI, utilizing electrical and chemical energy according to unit costs and power grid characteristics. By implementing several technological packages to optimize the process, to be chosen on a case-by-case basis depending on the performance figures to be achieved, the operation of an EAF can be made completely automatic. Such factors are expected to drive the growth of the 100 to 200-ton segment of the electric arc furnace market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 67% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  APAC holds a prominent position in the electric arc furnace market in 2023, wielding considerable influence in the steel production industry through its extensive utilization of electric arc furnace technology. One of the primary drivers of APAC's prominence in the electric arc furnace market is its staggering steel production capacity. The region, especially countries such as China, Japan, and South Korea, accounts for a substantial portion of the world's total steel output, a significant proportion of which is facilitated by electric arc furnace technology. 

In addition, the export prowess of APAC countries in the realm of steel products further exemplifies the region's formidable presence in the electric arc furnace market. This robust export activity not only accentuates APAC's influence in shaping the dynamics of the global steel industry through electric arc furnace manufacturing and trade but also highlights the region's pivotal role in meeting international steel requirements. Thus, the above-mentioned factors are expected to increase the adoption of electric arc furnaces in the region, which will propel the growth of the regional market during the forecast period.

Who are the Major Electric Arc Furnaces Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Daido Steel Co - The company offers electric arc furnaces such as 150-ton electric arc furnaces.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including Daido Steel Co. Ltd., Danieli and C. Officine Meccaniche Spa, Doshi Technologies Pvt. Ltd., Electrotherm Ltd., GHI HORNOS INDUSTRIALES SL, IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Nucor Corp., Nupro Corp., Primetals Technologies Ltd., Resco Products Inc., SARRALLE, Shougang Corp., Siemens AG, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, Vesuvius Plc, and TYMEC

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The electric arc furnaces market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • AC arc furnace
    • DC arc furnace
  • Capacity Outlook 
    • 100 to 200 tons
    • 200 to 300 tons
    • More than 300 tons
    • Upto 100 tons
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Electric Arc Furnaces Market Scope

Report Coverage

Details

Page number

172

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.7%

Market Growth 2024-2028

USD 749.23 million

Market structure

Fragmented

YoY growth 2023-2024(%)

10.09

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 67%

Key countries

US, China, India, Germany, and Brazil

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Daido Steel Co. Ltd., Danieli and C. Officine Meccaniche Spa, Doshi Technologies Pvt. Ltd., Electrotherm Ltd., GHI HORNOS INDUSTRIALES SL, IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Nucor Corp., Nupro Corp., Primetals Technologies Ltd., Resco Products Inc., SARRALLE, Shougang Corp., Siemens AG, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, Vesuvius Plc, and TYMEC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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.

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What are the Key Data Covered in this Electric Arc Furnaces Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the electric arc furnaces market between 2024 and 2028
  • Precise estimation of the electric arc furnaces market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of electric arc furnaces market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Capacity
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global electric arc furnace market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global electric arc furnace market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Capacity Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Capacity Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 AC arc furnace - Market size and forecast 2023-2028
      • Exhibit 34: Chart on AC arc furnace - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on AC arc furnace - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on AC arc furnace - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on AC arc furnace - Year-over-year growth 2023-2028 (%)
    • 6.4 DC arc furnace - Market size and forecast 2023-2028
      • Exhibit 38: Chart on DC arc furnace - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on DC arc furnace - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on DC arc furnace - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on DC arc furnace - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Capacity

    • 7.1 Market segments
      • Exhibit 44: Chart on Capacity - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Capacity - Market share 2023-2028 (%)
    • 7.2 Comparison by Capacity
      • Exhibit 46: Chart on Comparison by Capacity
      • Exhibit 47: Data Table on Comparison by Capacity
    • 7.3 100 to 200 tons - Market size and forecast 2023-2028
      • Exhibit 48: Chart on 100 to 200 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on 100 to 200 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on 100 to 200 tons - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on 100 to 200 tons - Year-over-year growth 2023-2028 (%)
    • 7.4 200 to 300 tons - Market size and forecast 2023-2028
      • Exhibit 52: Chart on 200 to 300 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on 200 to 300 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on 200 to 300 tons - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on 200 to 300 tons - Year-over-year growth 2023-2028 (%)
    • 7.5 More than 300 tons - Market size and forecast 2023-2028
      • Exhibit 56: Chart on More than 300 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on More than 300 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on More than 300 tons - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on More than 300 tons - Year-over-year growth 2023-2028 (%)
    • 7.6 Upto 100 tons - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Upto 100 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Upto 100 tons - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Upto 100 tons - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Upto 100 tons - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Capacity
      • Exhibit 64: Market opportunity by Capacity ($ million)
      • Exhibit 65: Data Table on Market opportunity by Capacity ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 India - Market size and forecast 2023-2028
      • Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.12 Brazil - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Brazil - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Brazil - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Daido Steel Co. Ltd.
              • Exhibit 119: Daido Steel Co. Ltd. - Overview
              • Exhibit 120: Daido Steel Co. Ltd. - Business segments
              • Exhibit 121: Daido Steel Co. Ltd. - Key offerings
              • Exhibit 122: Daido Steel Co. Ltd. - Segment focus
            • 12.4 Danieli and C. Officine Meccaniche Spa
              • Exhibit 123: Danieli and C. Officine Meccaniche Spa - Overview
              • Exhibit 124: Danieli and C. Officine Meccaniche Spa - Business segments
              • Exhibit 125: Danieli and C. Officine Meccaniche Spa - Key news
              • Exhibit 126: Danieli and C. Officine Meccaniche Spa - Key offerings
              • Exhibit 127: Danieli and C. Officine Meccaniche Spa - Segment focus
            • 12.5 Doshi Technologies Pvt. Ltd.
              • Exhibit 128: Doshi Technologies Pvt. Ltd. - Overview
              • Exhibit 129: Doshi Technologies Pvt. Ltd. - Product / Service
              • Exhibit 130: Doshi Technologies Pvt. Ltd. - Key offerings
            • 12.6 Electrotherm Ltd.
              • Exhibit 131: Electrotherm Ltd. - Overview
              • Exhibit 132: Electrotherm Ltd. - Business segments
              • Exhibit 133: Electrotherm Ltd. - Key offerings
              • Exhibit 134: Electrotherm Ltd. - Segment focus
            • 12.7 IHI Corp.
              • Exhibit 135: IHI Corp. - Overview
              • Exhibit 136: IHI Corp. - Business segments
              • Exhibit 137: IHI Corp. - Key news
              • Exhibit 138: IHI Corp. - Key offerings
              • Exhibit 139: IHI Corp. - Segment focus
            • 12.8 JP Steel Plantech Co.
              • Exhibit 140: JP Steel Plantech Co. - Overview
              • Exhibit 141: JP Steel Plantech Co. - Product / Service
              • Exhibit 142: JP Steel Plantech Co. - Key offerings
            • 12.9 Nippon Steel Corp.
              • Exhibit 143: Nippon Steel Corp. - Overview
              • Exhibit 144: Nippon Steel Corp. - Business segments
              • Exhibit 145: Nippon Steel Corp. - Key offerings
              • Exhibit 146: Nippon Steel Corp. - Segment focus
            • 12.10 Nucor Corp.
              • Exhibit 147: Nucor Corp. - Overview
              • Exhibit 148: Nucor Corp. - Business segments
              • Exhibit 149: Nucor Corp. - Key news
              • Exhibit 150: Nucor Corp. - Key offerings
              • Exhibit 151: Nucor Corp. - Segment focus
            • 12.11 Nupro Corp.
              • Exhibit 152: Nupro Corp. - Overview
              • Exhibit 153: Nupro Corp. - Product / Service
              • Exhibit 154: Nupro Corp. - Key offerings
            • 12.12 Primetals Technologies Ltd.
              • Exhibit 155: Primetals Technologies Ltd. - Overview
              • Exhibit 156: Primetals Technologies Ltd. - Product / Service
              • Exhibit 157: Primetals Technologies Ltd. - Key offerings
            • 12.13 Resco Products Inc.
              • Exhibit 158: Resco Products Inc. - Overview
              • Exhibit 159: Resco Products Inc. - Product / Service
              • Exhibit 160: Resco Products Inc. - Key offerings
            • 12.14 Shougang Corp.
              • Exhibit 161: Shougang Corp. - Overview
              • Exhibit 162: Shougang Corp. - Product / Service
              • Exhibit 163: Shougang Corp. - Key offerings
            • 12.15 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.16 SMS group GmbH
              • Exhibit 169: SMS group GmbH - Overview
              • Exhibit 170: SMS group GmbH - Product / Service
              • Exhibit 171: SMS group GmbH - Key offerings
            • 12.17 Tenova Spa
              • Exhibit 172: Tenova Spa - Overview
              • Exhibit 173: Tenova Spa - Product / Service
              • Exhibit 174: Tenova Spa - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis