Los Angeles, CA -- (SBWire) -- 03/20/2019 --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.
Improvements in extraction and mining technologies have resulted in low prices of natural gas and non-coking coal. This have led to low production cost of DRI which is used with scrap steel to produce crude steel. Thus, the increasing production of DRI will be a key trend that will drive the growth of the electric arc furnaces market during the forecast period.
The global Electric Arc Furnaces market was 1030 million US$ in 2018 and is expected to 1570 million US$ by the end of 2025, growing at a CAGR of 6.3% between 2019 and 2025.
Get PDF report template @ https://www.qyresearch.com/sample-form/form/1026703/global-electric-arc-furnaces-market
This report studies the Electric Arc Furnaces market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Electric Arc Furnaces in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Danieli
Siemens
SMS
Electrotherm
TENOVA
Primetals Technologies
DongXong
Steel Plantech
TYMEC
IHI
Doshi
Sermak Metal
By the product type, the market is primarily split into
AC-EAF
DC-EAF
By the end users/application, this report covers the following segments
Metal Smelting
Ore Smelting
Others
Benefits of Purchasing QY Research Report
- Analyst Support: Get you query resolved from our expert analysts before and after purchasing the report
-Customer's Satisfaction: Our expert team will assist with all your research needs and customize the report
- Inimitable Expertise: Analysts will provide deep insights about the reports
- Assured Quality: We focus on the quality and accuracy of the report
Get Complete Report in your Inbox within 24 hours @ https://www.qyresearch.com/settlement/pre/a085790f9f8eaf04d7141ae0606c036f,0,1,Global%20Electric%20Arc%20Furnaces%20Market%20Report,%20History%20and%20Forecast%202014-2025,%20Breakdown%20Data%20by%20Manufacturers,%20Key%20Regions,%20Types%20and%20Application
About QYResearch
QYResearch is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics. QYResearch is the comprehensive collection of market intelligence products and services available on air. QYResearch also carries the capability to assist you with your customized market research requirements including in-depth market surveys, primary interviews, competitive landscaping, and company profiles.
Electric Arc Furnaces Market Research Report and Outlook by QYResearch 2025
Electric Arc Furnaces Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.