Electric arc furnaces market: Growth opportunities led by ArcelorMittal SA and Berry Metal Co. - Technavio

NEW YORK, Dec. 19, 2022 /PRNewswire/ -- The electric arc furnaces market size is forecasted to increase by USD 659.73 million from 2022 to 2027, at a CAGR of 10.4%, according to the recent market study by Technavio. The growth of the market will be driven by low investment requirements of electric arc furnaces, new emission regulations in China, and increasing applications of steel scrap.

The market is segmented by type (DC arc furnace and AC arc furnace), capacity (100-200 tons, 200-300 tons, more than 300 tons, and up to 100 tons), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

Segmentation by type (inclusion/exclusion)

Inclusion:
- DC arc furnace: The DC arc furnace segment grew gradually from USD 435.55 million in 2017 to 2021. During the forecast period, the market share growth by the DC arc furnace segment will be significant. The growing popularity of steel minimills in developing countries and countries and the focus of the global steel industry on lowering production costs are some of the key factors that will drive the growth of this segment during the forecast period.

To get detailed insights about inclusions and exclusions, buy the report

Technavio categorizes the global electric arc furnaces market as a part of the global industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.

Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report

Technavio has extensively analyzed 15 major vendors, including ArcelorMittal SA, Berry Metal Co., Danieli & C. Officine Meccaniche Spa, DOSHI TECHNOLOGIES PVT LTD., Electrotherm Ltd, GHI HORNOS INDUSTRIALES SL, IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Nupro Corp., Primetals Technologies Ltd., Resco Products Inc., SARRALLE, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, Vesuvius Plc, Whiting Equipment Canada Inc., Wuxi Dongxong Heavy Arc Furnace Co. Ltd., and Xian Taoyuan Metallurgical Equipment Engineering Co. Ltd.

Key benefits for industry players and stakeholders –

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Customer landscape - Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
Furthermore, market adoption rates for all regions have been covered.

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What are the key data covered in this electric arc furnaces market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the electric arc furnaces market between 2023 and 2027
Precise estimation of the size of the electric arc furnaces market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the electric arc furnaces market across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of electric arc furnaces market vendors

Electric Arc Furnaces Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.4%
Market growth 2023-2027	USD 659.73 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	9.83
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 67%
Key countries	US, China, India, Germany, and Brazil
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	ArcelorMittal SA, Berry Metal Co., Danieli & C. Officine Meccaniche Spa, DOSHI TECHNOLOGIES PVT LTD., Electrotherm Ltd, GHI HORNOS INDUSTRIALES SL, IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Nupro Corp., Primetals Technologies Ltd., Resco Products Inc., SARRALLE, SMS group GmbH, Tam Celik Sanayi AS, Tenova Spa, Vesuvius Plc, Whiting Equipment Canada Inc., Wuxi Dongxong Heavy Arc Furnace Co. Ltd., and Xian Taoyuan Metallurgical Equipment Engineering Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Techanvio's industrials market reports

Table of contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Capacity
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global electric arc furnaces market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global electric arc furnaces market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Capacity Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Capacity Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 DC arc furnace - Market size and forecast 2022-2027
- Exhibit 34: Chart on DC arc furnace - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on DC arc furnace - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on DC arc furnace - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on DC arc furnace - Year-over-year growth 2022-2027 (%)

6.4 AC arc furnace - Market size and forecast 2022-2027
- Exhibit 38: Chart on AC arc furnace - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on AC arc furnace - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on AC arc furnace - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on AC arc furnace - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Capacity

7.1 Market segments
- Exhibit 43: Chart on Capacity - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Capacity - Market share 2022-2027 (%)

7.2 Comparison by Capacity
- Exhibit 45: Chart on Comparison by Capacity
- Exhibit 46: Data Table on Comparison by Capacity

7.3 100-200 tons - Market size and forecast 2022-2027
- Exhibit 47: Chart on 100-200 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on 100-200 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on 100-200 tons - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on 100-200 tons - Year-over-year growth 2022-2027 (%)

7.4 200-300 tons - Market size and forecast 2022-2027
- Exhibit 51: Chart on 200-300 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on 200-300 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on 200-300 tons - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on 200-300 tons - Year-over-year growth 2022-2027 (%)

7.5 More than 300 tons - Market size and forecast 2022-2027
- Exhibit 55: Chart on More than 300 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on More than 300 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on More than 300 tons - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on More than 300 tons - Year-over-year growth 2022-2027 (%)

7.6 Up to 100 tons - Market size and forecast 2022-2027
- Exhibit 59: Chart on Up to 100 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Up to 100 tons - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Up to 100 tons - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Up to 100 tons - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Capacity
- Exhibit 63: Market opportunity by Capacity ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 China - Market size and forecast 2022-2027
- Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

9.9 India - Market size and forecast 2022-2027
- Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 US - Market size and forecast 2022-2027
- Exhibit 101: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)

9.12 Brazil - Market size and forecast 2022-2027
- Exhibit 105: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Brazil - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Brazil - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption

11.4 Industry risks
- Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 114: Vendors covered

12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification

12.3 ArcelorMittal SA
- Exhibit 116: ArcelorMittal SA - Overview
- Exhibit 117: ArcelorMittal SA - Business segments
- Exhibit 118: ArcelorMittal SA - Key offerings
- Exhibit 119: ArcelorMittal SA - Segment focus

12.4 Berry Metal Co.
- Exhibit 120: Berry Metal Co. - Overview
- Exhibit 121: Berry Metal Co. - Product / Service
- Exhibit 122: Berry Metal Co. - Key offerings

12.5 Danieli C. Officine Meccaniche Spa
- Exhibit 123: Danieli C. Officine Meccaniche Spa - Overview
- Exhibit 124: Danieli C. Officine Meccaniche Spa - Business segments
- Exhibit 125: Danieli C. Officine Meccaniche Spa - Key news
- Exhibit 126: Danieli C. Officine Meccaniche Spa - Key offerings
- Exhibit 127: Danieli C. Officine Meccaniche Spa - Segment focus

12.6 Electrotherm Ltd
- Exhibit 128: Electrotherm Ltd - Overview
- Exhibit 129: Electrotherm Ltd - Business segments
- Exhibit 130: Electrotherm Ltd - Key offerings
- Exhibit 131: Electrotherm Ltd - Segment focus

12.7 IHI Corp.
- Exhibit 132: IHI Corp. - Overview
- Exhibit 133: IHI Corp. - Business segments
- Exhibit 134: IHI Corp. - Key news
- Exhibit 135: IHI Corp. - Key offerings
- Exhibit 136: IHI Corp. - Segment focus

12.8 JP Steel Plantech Co.
- Exhibit 137: JP Steel Plantech Co. - Overview
- Exhibit 138: JP Steel Plantech Co. - Product / Service
- Exhibit 139: JP Steel Plantech Co. - Key offerings

12.9 Nippon Steel Corp.
- Exhibit 140: Nippon Steel Corp. - Overview
- Exhibit 141: Nippon Steel Corp. - Business segments
- Exhibit 142: Nippon Steel Corp. - Key offerings
- Exhibit 143: Nippon Steel Corp. - Segment focus

12.10 Nupro Corp.
- Exhibit 144: Nupro Corp. - Overview
- Exhibit 145: Nupro Corp. - Product / Service
- Exhibit 146: Nupro Corp. - Key offerings

12.11 Primetals Technologies Ltd.
- Exhibit 147: Primetals Technologies Ltd. - Overview
- Exhibit 148: Primetals Technologies Ltd. - Product / Service
- Exhibit 149: Primetals Technologies Ltd. - Key offerings

12.12 Resco Products Inc.
- Exhibit 150: Resco Products Inc. - Overview
- Exhibit 151: Resco Products Inc. - Product / Service
- Exhibit 152: Resco Products Inc. - Key offerings

12.13 SMS group GmbH
- Exhibit 153: SMS group GmbH - Overview
- Exhibit 154: SMS group GmbH - Product / Service
- Exhibit 155: SMS group GmbH - Key offerings

12.14 Tam Celik Sanayi AS
- Exhibit 156: Tam Celik Sanayi AS - Overview
- Exhibit 157: Tam Celik Sanayi AS - Product / Service
- Exhibit 158: Tam Celik Sanayi AS - Key offerings

12.15 Tenova Spa
- Exhibit 159: Tenova Spa - Overview
- Exhibit 160: Tenova Spa - Product / Service
- Exhibit 161: Tenova Spa - Key offerings

12.16 Whiting Equipment Canada Inc.
- Exhibit 162: Whiting Equipment Canada Inc. - Overview
- Exhibit 163: Whiting Equipment Canada Inc. - Product / Service
- Exhibit 164: Whiting Equipment Canada Inc. - Key offerings

12.17 Wuxi Dongxong Heavy Arc Furnace Co. Ltd.
- Exhibit 165: Wuxi Dongxong Heavy Arc Furnace Co. Ltd. - Overview
- Exhibit 166: Wuxi Dongxong Heavy Arc Furnace Co. Ltd. - Product / Service
- Exhibit 167: Wuxi Dongxong Heavy Arc Furnace Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources

13.5 List of abbreviations
- Exhibit 174: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com

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