Electric Arc Furnaces Market | APAC Leads Market Growth

Authored By: Sarah
13 Oct 2021

Electric Arc Furnaces Market: Key Geographies that will Drive Growth

Geographical Segmentation and Growth Analysis

The electric arc furnaces market will grow by $ 555.36 mn, fragmented at a CAGR of over 11.10% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.

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Electric Arc Furnaces Market: APAC to lead market growth during the forecast period

67% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Arc Furnaces Market size.
Lower investment requirements of eaf route than bf-bof route will be a significant factor in driving the growth of the electric arc furnaces market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will thus enable clients to assess their play in the market and plan for growth opportunities.
The electric arc furnaces market is segmented by Technology (DC arc furnace and AC arc furnace) and Geography (APAC, Europe, North America, MEA, and South America). Each segment and sub-segment is analyzed at depth to derive market insights and forecast growth projections.

Electric Arc Furnaces Market: Vendor Landscape

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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The report provides insights into the following FAQs:

What is the market CAGR?
The market is accelerate at a CAGR of over 11.10%.
What is the incremental growth of the market?
The market is expected to grow by $ 555.36 mn through 2021-2025.
What is a key factor driving this market?
Lower investment requirements of EAF route than BF-BOF route will drive market growth over the forecast period.
What are the key regions covered in this market research report?
APAC, Europe, North America, MEA, and South America are the key regions featured in this research report.
Which is the leading geographic region for this market:
67% growth will originate from APAC
Who are the leading market vendors?
The leading vendors in this market are 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.
What are the market segments covered in this report?
The market is segmented by Technology (DC arc furnace and AC arc furnace) and Geography (APAC, Europe, North America, MEA, and South America).

Market Segmentation by Technology

- Electric Arc Furnaces Market Split by Technology
  - DC arc furnace
  - AC arc furnace
- Electric Arc Furnaces Market Split by Geography
  - APAC
  - Europe
  - North America
  - MEA
  - South America

Customer landscape