The global Electric Arc Furnaces market was valued at 1110.14 Million USD in 2021 and will grow with a CAGR of 5.61% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.According to types, the most proportion of the Electric Arc Furnaces is DC-EAF, taking about 60% sales share of global market in 2020. The most proportion of Electric Arc Furnaces is used for Metal Smelting and the proportion is about 58% in 2020. Asia-Pacific is the major consumption region of the global market, which takes about 61% market share.

By Market Verdors:

Danieli

SMS

ElectrOthersm

TENOVA

Primetals Technologies

Steel Plantech

IHI

Doshi

TYMEC

DongXong

Sermak Metal

XiYe Technology Group

By Types:

AC-EAF

DC-EAF

By Applications:

Metal Smelting

Ore Smelting

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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