Los Angeles, CA -- (SBWIRE) -- 04/15/2019 -- 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.

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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)

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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

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