Electric Arc Furnace Market SWOT Analysis by 2031
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 EAF offers high efficiency and low operating cost. The electric arc furnace is mainly useful for melting non-ferrous metals. The global demand for electric arc furnace is likely to fuel, creating lucrative opportunities for market players during the forecast period.
MARKET DYNAMICS
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.
MARKET SCOPE
The "Global Electric Arc Furnace Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of electric arc furnace market with detailed market segmentation by type, application, and geography. The global electric arc furnace market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric arc furnace market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric arc furnace market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 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.
The report analyzes factors affecting electric arc furnace market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the electric arc furnace market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global electric arc furnace market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 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.
The report analyzes factors affecting electric arc furnace market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the electric arc furnace market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric arc furnace market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from electric arc furnace market are anticipated to lucrative growth opportunities in the future with the rising demand for electric arc furnace in the global market. Below mentioned is the list of few companies engaged in the electric arc furnace market.
The report also includes the profiles of key electric arc furnace companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Danieli & 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 Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Arc Furnace Market - By Type
1.3.2 Electric Arc Furnace Market - By Application
1.3.3 Electric Arc Furnace Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC ARC FURNACE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC ARC FURNACE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ELECTRIC ARC FURNACE MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC ARC FURNACE - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC ARC FURNACE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC ARC FURNACE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DC ELECTRIC ARC FURNACE
7.3.1. Overview
7.3.2. DC Electric Arc Furnace Market Forecast and Analysis
7.4. AC ELECTRIC ARC FURNACE
7.4.1. Overview
7.4.2. AC Electric Arc Furnace Market Forecast and Analysis
8. ELECTRIC ARC FURNACE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. METAL SMELTING
8.3.1. Overview
8.3.2. Metal smelting Market Forecast and Analysis
8.4. ORE SMELTING
8.4.1. Overview
8.4.2. Ore smelting Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. ELECTRIC ARC FURNACE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Arc Furnace Market Overview
9.1.2 North America Electric Arc Furnace Market Forecasts and Analysis
9.1.3 North America Electric Arc Furnace Market Forecasts and Analysis - By Type
9.1.4 North America Electric Arc Furnace Market Forecasts and Analysis - By Application
9.1.5 North America Electric Arc Furnace Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Arc Furnace Market
9.1.5.1.1 United States Electric Arc Furnace Market by Type
9.1.5.1.2 United States Electric Arc Furnace Market by Application
9.1.5.2 Canada Electric Arc Furnace Market
9.1.5.2.1 Canada Electric Arc Furnace Market by Type
9.1.5.2.2 Canada Electric Arc Furnace Market by Application
9.1.5.3 Mexico Electric Arc Furnace Market
9.1.5.3.1 Mexico Electric Arc Furnace Market by Type
9.1.5.3.2 Mexico Electric Arc Furnace Market by Application
9.2. EUROPE
9.2.1 Europe Electric Arc Furnace Market Overview
9.2.2 Europe Electric Arc Furnace Market Forecasts and Analysis
9.2.3 Europe Electric Arc Furnace Market Forecasts and Analysis - By Type
9.2.4 Europe Electric Arc Furnace Market Forecasts and Analysis - By Application
9.2.5 Europe Electric Arc Furnace Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Arc Furnace Market
9.2.5.1.1 Germany Electric Arc Furnace Market by Type
9.2.5.1.2 Germany Electric Arc Furnace Market by Application
9.2.5.2 France Electric Arc Furnace Market
9.2.5.2.1 France Electric Arc Furnace Market by Type
9.2.5.2.2 France Electric Arc Furnace Market by Application
9.2.5.3 Italy Electric Arc Furnace Market
9.2.5.3.1 Italy Electric Arc Furnace Market by Type
9.2.5.3.2 Italy Electric Arc Furnace Market by Application
9.2.5.4 United Kingdom Electric Arc Furnace Market
9.2.5.4.1 United Kingdom Electric Arc Furnace Market by Type
9.2.5.4.2 United Kingdom Electric Arc Furnace Market by Application
9.2.5.5 Russia Electric Arc Furnace Market
9.2.5.5.1 Russia Electric Arc Furnace Market by Type
9.2.5.5.2 Russia Electric Arc Furnace Market by Application
9.2.5.6 Rest of Europe Electric Arc Furnace Market
9.2.5.6.1 Rest of Europe Electric Arc Furnace Market by Type
9.2.5.6.2 Rest of Europe Electric Arc Furnace Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Arc Furnace Market Overview
9.3.2 Asia-Pacific Electric Arc Furnace Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Arc Furnace Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Electric Arc Furnace Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electric Arc Furnace Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Arc Furnace Market
9.3.5.1.1 Australia Electric Arc Furnace Market by Type
9.3.5.1.2 Australia Electric Arc Furnace Market by Application
9.3.5.2 China Electric Arc Furnace Market
9.3.5.2.1 China Electric Arc Furnace Market by Type
9.3.5.2.2 China Electric Arc Furnace Market by Application
9.3.5.3 India Electric Arc Furnace Market
9.3.5.3.1 India Electric Arc Furnace Market by Type
9.3.5.3.2 India Electric Arc Furnace Market by Application
9.3.5.4 Japan Electric Arc Furnace Market
9.3.5.4.1 Japan Electric Arc Furnace Market by Type
9.3.5.4.2 Japan Electric Arc Furnace Market by Application
9.3.5.5 South Korea Electric Arc Furnace Market
9.3.5.5.1 South Korea Electric Arc Furnace Market by Type
9.3.5.5.2 South Korea Electric Arc Furnace Market by Application
9.3.5.6 Rest of Asia-Pacific Electric Arc Furnace Market
9.3.5.6.1 Rest of Asia-Pacific Electric Arc Furnace Market by Type
9.3.5.6.2 Rest of Asia-Pacific Electric Arc Furnace Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Arc Furnace Market Overview
9.4.2 Middle East and Africa Electric Arc Furnace Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Arc Furnace Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Electric Arc Furnace Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electric Arc Furnace Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Arc Furnace Market
9.4.5.1.1 South Africa Electric Arc Furnace Market by Type
9.4.5.1.2 South Africa Electric Arc Furnace Market by Application
9.4.5.2 Saudi Arabia Electric Arc Furnace Market
9.4.5.2.1 Saudi Arabia Electric Arc Furnace Market by Type
9.4.5.2.2 Saudi Arabia Electric Arc Furnace Market by Application
9.4.5.3 U.A.E Electric Arc Furnace Market
9.4.5.3.1 U.A.E Electric Arc Furnace Market by Type
9.4.5.3.2 U.A.E Electric Arc Furnace Market by Application
9.4.5.4 Rest of Middle East and Africa Electric Arc Furnace Market
9.4.5.4.1 Rest of Middle East and Africa Electric Arc Furnace Market by Type
9.4.5.4.2 Rest of Middle East and Africa Electric Arc Furnace Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Arc Furnace Market Overview
9.5.2 South and Central America Electric Arc Furnace Market Forecasts and Analysis
9.5.3 South and Central America Electric Arc Furnace Market Forecasts and Analysis - By Type
9.5.4 South and Central America Electric Arc Furnace Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electric Arc Furnace Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Arc Furnace Market
9.5.5.1.1 Brazil Electric Arc Furnace Market by Type
9.5.5.1.2 Brazil Electric Arc Furnace Market by Application
9.5.5.2 Argentina Electric Arc Furnace Market
9.5.5.2.1 Argentina Electric Arc Furnace Market by Type
9.5.5.2.2 Argentina Electric Arc Furnace Market by Application
9.5.5.3 Rest of South and Central America Electric Arc Furnace Market
9.5.5.3.1 Rest of South and Central America Electric Arc Furnace Market by Type
9.5.5.3.2 Rest of South and Central America Electric Arc Furnace Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC ARC FURNACE MARKET, KEY COMPANY PROFILES
11.1. DANIELI AND C. OFFICINE MECCANICHE S.P.A.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DOSHI TECHNOLOGIES PVT. LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. IHI CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JP STEEL PLANTECH CO.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PRIMETALS TECHNOLOGIES (MITSUBISHI-HITACHI METALS MACHINERY, INC.)
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SIEMENS AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SMS GROUP GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TENOVA S.P.A.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE ELECTROTHERM GROUP, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WUXI DONGXONG HEAVY ARC FURNACE CO., LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Danieli and C. Officine Meccaniche S.p.A.
2. Doshi Technologies Pvt. Ltd
3. IHI Corporation
4. JP Steel Plantech Co.
5. Primetals Technologies (Mitsubishi-Hitachi Metals Machinery, Inc.)
6. Siemens AG
7. SMS group GmbH
8. Tenova S.p.A.
9. The Electrotherm Group, Inc.
10. Wuxi Dongxong Heavy Arc Furnace Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For