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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.
Scope of the Report:
This report focuses on the Electric Arc Furnaces in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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 worldwide market for Electric Arc Furnaces is expected to grow at a CAGR of roughly 8.0% over the next five years, will reach 1520 million US$ in 2023, from 960 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
- STEEL PLANTECH
- Nupro Corporation
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
- Metal smelting
- Ore smelting
There are 15 Chapters to deeply display the global Electric Arc Furnaces market.
Chapter 1, to describe Electric Arc Furnaces Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Electric Arc Furnaces, with sales, revenue, and price of Electric Arc Furnaces, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Electric Arc Furnaces, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Electric Arc Furnaces market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Electric Arc Furnaces sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source