Global Electric Arc Furnaces Market 2019-2023

About Electric Arc Furnaces
Electric arc furnaces (EAF) are an integral part of steel minimills and are used to produce crude steel using scrap iron or a mixture of scrap iron and direct reduced iron (DRI).

Analysts forecast the global electric arc furnaces market to grow at a CAGR of 10.98% during the period 2019-2023.

Covered in this report
The report covers the present scenario and the growth prospects of the global electric arc furnaces market for 2019-2023. This market research report offers a comprehensive analysis of the market segmentation by technology (DC arc furnace, and AC arc furnace).

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Report, Global Electric Arc Furnaces Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• DANIELI
• IHI
• Primetals Technologies
• Sinosteel
• SMS group
• Tenova (Techint Group)

Market driver
• Steel regulations in China forcing steel makers to follow EAF route for new capacity
• For a full, detailed list, view our report

Market challenge
• Overcapacity in the Chinese steel industry discouraging new investment
• For a full, detailed list, view our report

Market trend
• Increasing private ownership in the global steel industry
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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