Electric arc furnace is used for high melting point alloys such as steel, brass, zinc, or tin. The furnace is heated by electricity generated by means of electrode up to 1800 degrees centigrade.
The electric arc furnace market is anticipated to grow in the forecast period owing to driving factors such as increasing private ownership in the global steel industry and favorable steel regulations in countries such as China. However, overcapacity in the Chinese industry may discourage new investment and hinder the market growth during the forecast period. Nonetheless, improvements in energy and transportation cost are likely to showcase significant growth opportunities for key players of the electric arc furnace market over the coming years.
The Electric Arc Furnace Market report also puts forward the current and future market scenario derived precisely from a thorough analysis of the market.The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario
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Some of the major players operating in the market are Danieli and C. Officine Meccaniche S.p.A., Doshi Technologies Pvt. Ltd, IHI Corporation, JP Steel Plantech Co., Primetals Technologies (Mitsubishi-Hitachi Metals Machinery, Inc.), Siemens AG, SMS group GmbH, Tenova S.p.A., The Electrotherm Group, Inc., Wuxi Dongxong Heavy Arc Furnace Co., Ltd.
The global electric arc furnace market is segmented on the basis of type and application. Based on type, the market is segmented as DC Electric Arc Furnace and AC Electric Arc Furnace. On the basis of the application, the market is segmented as metal smelting, ore smelting, and others.
It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The electric arc furnace market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Table of Contents
- Key Takeaways
- Electric Arc Furnace Market Landscape
- Market – Key Industry Dynamics
- Electric Arc Furnace Market Analysis- Global Analysis
- Electric Arc Furnace Market Revenue And Forecasts To 2027 – Type
- Electric Arc Furnace Market Revenue And Forecasts To 2027 – Application
- Market Revenue And Forecasts To 2027 – Geographical Analysis
- Market Revenue And Forecasts To 2027 – Industry Landscape
- Competitive Landscape
- Electric Arc Furnace Market, Key Company Profiles
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