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Electric Arc Furnaces Market Size, Growth, 2020 to 2025 | Industry Research Report

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Maria Sealy
Electric Arc Furnaces Market Size, Growth, 2020 to 2025 | Industry Research Report

The statistical surveying report on the global Electric Arc Furnaces Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts. The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions. The statistical data derived from authentic resources and assisted by industry experts. It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.

The global electric arc furnaces market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform. The report further highlights the market drivers, restraints and the top manufacturers at the global and regional levels. For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.

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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 has led to the 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.

According to this study, over the next five years, the Electric Arc Furnaces market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 1420 million by 2025, from US$ 1030 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in the Electric Arc Furnaces business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Arc Furnaces market by type, application, key manufacturers and key regions and countries.

The key manufacturers covered in this report: Breakdown data in Chapter 3.

  • Danieli
  • Siemens
  • SMS
  • Electrotherm
  • TENOVA
  • Primetals Technologies
  • DongXong
  • Steel Plantech
  • TYMEC
  • IHI
  • Doshi
  • Sermak Metal
  • Others

View More about this Market @ Global Electric Arc Furnaces Industry Report

This study considers the Electric Arc Furnaces value and volume generated from the sales of the following segments:

Segmentation by type: breakdown data from 2015 to 2020, in Section 2.3; and forecast to 2025 in section 11.7.

  • Laser Printer
  • Inkjet Printer

Segmentation by application: breakdown data from 2015 to 2020, in Section 2.4; and forecast to 2025 in section 11.8.

  • Small and Medium-sized Enterprises
  • Large-scale Enterprise

This report also splits the market by region: Breakdown data in Chapters 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • .........

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Other Related Report Provide by DecisionDatabases.com is -

Global Electric Arc Furnaces Transformers (EAF) Market Growth 2020-2025

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