Electric Arc Furnace Market Size, Share & Trends Analysis Report By Furnace Type (AC (Alternating Current) EAF, DC (Direct Current) EAF), By Technology, By Application, By Capacity, By Region, And Segment Forecasts, 2025 - 2033

Publisher Grand View Research

Published Sep 19, 2025

Length 100 Pages

SKU # GV20471309

Description

Electric Arc Furnace Market Summary

The global electric arc furnace market size was estimated at USD 3,616.8 million in 2024 and is projected to reach USD 5,726.0 million by 2033, growing at a CAGR of 5.4% from 2025 to 2033. Rising demand for steel in the construction, automotive, and manufacturing industries is a key driver for the market growth.

Increasing focus on sustainable steel production and recycling of scrap metal has further boosted the adoption of electric arc furnace technology. Advancements in automation, digital monitoring, and energy-efficient furnace designs are enhancing operational performance and reducing production costs.

With governments and industries emphasizing decarbonization, electric arc furnaces are gaining preference over traditional blast furnaces due to their ability to utilize renewable electricity and recycled scrap as feedstock. This not only lowers greenhouse gas emissions but also aligns with circular economy initiatives, making electric arc furnaces a vital solution for sustainable steel production in the coming years.

Global Electric Arc Furnace Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electric arc furnace market report based on furnace type,technology, application, capacity, and region.

Furnace Type Outlook (Revenue, USD Million, 2021 - 2033)
AC (Alternating Current) EAF
DC (Direct Current) EAF
Technology Outlook (Revenue, USD Million, 2021 - 2033)
Standard EAF
Ultra-High Power (UHP) EAF
Energy-Efficient EAF
Application Outlook (Revenue, USD Million, 2021 - 2033)
Ferrous Metals
Non-Ferrous Metals
Capacity Outlook (Revenue, USD Million, 2021 - 2033)
Upto 50 Tons
50 to 150 Tons
Above 150 Tons
Regional Outlook (Revenue, USD Million, 2021 - 2033)
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Austria
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Brazil
Argentina
Middle East and Africa
Saudi Arabia
Egypt
South Africa

Please note The report will be delivered in 4-8 business days upon order notification.

Chapter 1. Methodology and Scope: 1.1. Market Segmentation & Scope; 1.2. Market Definition; 1.3. Information Procurement; 1.3.1. Purchased Database; 1.3.2. GVR’s Internal Database; 1.3.3. Secondary Sources & Third-Party Perspectives; 1.3.4. Primary Research; 1.4. Information Analysis; 1.4.1. Data Analysis Models; 1.5. Market Formulation & Data Visualization; 1.6. Data Validation & Publishing
Chapter 2. Executive Summary: 2.1. Market Snapshot; 2.2. Segment Snapshot; 2.3. Competitive Landscape Snapshot
Chapter 3. Global Electric Arc Furnace Market Variables, Trends & Scope: 3.1. Market Concentration & Growth Prospect Mapping; 3.2. Industry Value Chain Analysis; 3.2.1. Raw Furnace Type/Component Outlook; 3.2.2. Manufacturer Outlook; 3.2.3. Distribution Outlook; 3.2.4. Application Outlook; 3.3. Regulatory Framework; 3.4. Technology Overview; 3.5. Market Dynamics; 3.5.1. Market Driver Analysis; 3.5.2. Market Restraint Analysis; 3.5.3. Market Challenges Analysis; 3.5.4. Market Opportunity Analysis; 3.6. Economic Mega-Trend Analysis; 3.7. Industry Analysis Tools; 3.7.1. Porter’s Five Forces Analysis; 3.7.2. Macro-environmental Analysis
Chapter 4. Global Electric Arc Furnace Market: Furnace Type Estimates & Trend Analysis: 4.1. Furnace Type Movement Analysis & Market Share, 2024 & 2033; 4.2. Global Electric Arc Furnace Market Estimates & Forecast, By Furnace Type, 2021 to 2033 (USD Million); 4.3. AC (Alternating Current) EAF; 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 4.4. DC (Direct Current) EAF; 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. Global Electric Arc Furnace Market: Technology Estimates & Trend Analysis: 5.1. Technology Movement Analysis & Market Share, 2024 & 2033; 5.2. Global Electric Arc Furnace Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million); 5.3. Standard EAF; 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 5.4. Ultra-High Power (UHP) EAF; 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 5.5. Energy-Efficient EAF; 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. Global Electric Arc Furnace Market: Application Estimates & Trend Analysis: 6.1. Application Movement Analysis & Market Share, 2024 & 2033; 6.2. Global Electric Arc Furnace Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million); 6.3. Ferrous Metals; 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 6.4. Non-Ferrous Metals; 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7. Global Electric Arc Furnace Market: Technology Estimates & Trend Analysis: 7.1. Technology Movement Analysis & Market Share, 2024 & 2033; 7.2. Global Electric Arc Furnace Market Estimates & Forecast, By Distribution Channel, 2021 to 2033 (USD Million); 7.3. Upto 50 Tons; 7.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 7.4. 50 to 150 Tons; 7.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million); 7.5. Above 150 Tons; 7.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 8. Global Electric Arc Furnace Market: Regional Estimates & Trend Analysis: 8.1. Regional Movement Analysis & Market Share, 2024 & 2033; 8.2. North America; 8.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.2.2. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.2.3. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.2.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million); 8.2.5. U.S.; 8.2.5.1. Key country dynamics; 8.2.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.2.5.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.2.5.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.2.5.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.2.5.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.2.6. Canada; 8.2.6.1. Key country dynamics; 8.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.2.6.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.2.6.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.2.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.2.6.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.2.7. Mexico; 8.2.7.1. Key country dynamics; 8.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.2.7.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.2.7.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.2.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.2.7.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3. Europe; 8.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.2. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.3. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.6. Germany; 8.3.6.1. Key country dynamics; 8.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.6.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.6.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.6.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.7. France; 8.3.7.1. Key country dynamics; 8.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.7.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.7.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.7.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.8. UK; 8.3.8.1. Key country dynamics; 8.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.8.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.8.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.8.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.9. Italy; 8.3.9.1. Key country dynamics; 8.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.9.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.9.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.9.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.10. Spain; 8.3.10.1. Key country dynamics; 8.3.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.10.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.10.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.10.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.10.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.3.11. Austria; 8.3.11.1. Key country dynamics; 8.3.11.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.3.11.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.3.11.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.3.11.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.3.11.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.4. Asia Pacific; 8.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.2. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.3. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.4.6. China; 8.4.6.1. Key country dynamics; 8.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.6.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.6.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.6.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.4.7. India; 8.4.7.1. Key country dynamics; 8.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.7.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.7.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.7.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.4.8. Japan; 8.4.8.1. Key country dynamics; 8.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.8.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.8.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.8.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.4.9. Australia; 8.4.9.1. Key country dynamics; 8.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.9.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.9.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.9.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.10. South Korea; 8.4.10.1. Key country dynamics; 8.4.10.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.4.10.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.4.10.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.4.10.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.4.10.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.5. Latin America; 8.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.5.2. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.5.3. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.5.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.5.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.5.6. Brazil; 8.5.6.1. Key country dynamics; 8.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.5.6.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.5.6.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.5.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.5.6.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.5.7. Argentina; 8.5.7.1. Key country dynamics; 8.5.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.5.7.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.5.7.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.5.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.5.7.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.6. Middle East & Africa; 8.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.6.2. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.6.3. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.6.4. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.6.5. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.6.6. Saudi Arabia; 8.6.6.1. Key country dynamics; 8.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.6.6.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.6.6.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.6.6.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.6.6.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.6.7. Egypt; 8.6.7.1. Key country dynamics; 8.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.6.7.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.6.7.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.6.7.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.6.7.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million); 8.6.8. South Africa; 8.6.8.1. Key country dynamics; 8.6.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million); 8.6.8.3. Market estimates & forecast, by furnace type, 2021 - 2033 (USD Million); 8.6.8.4. Market estimates & forecast, by technology, 2021 - 2033 (USD Million); 8.6.8.5. Market estimates & forecast, by application, 2021 - 2033 (USD Million); 8.6.8.6. Market estimates & forecast, by capacity, 2021 - 2033 (USD Million)
Chapter 9. Global Electric Arc Furnace Market - Competitive Landscape: 9.1. Recent Developments & Impact Analysis, By Key Market Participants; 9.2. Company Categorization; 9.3. Company Dashboard Analysis; 9.4. Vendor Landscape; 9.5. Company Market Share Analysis, 2024; 9.6. Company Positioning Analysis, 2024; 9.7. Company Heat Map Analysis, 2024; 9.8. Strategy Mapping; 9.9. Company Profiles; 9.9.1. Danieli & C. S.p.A; 9.9.1.1. Participant’s overview; 9.9.1.2. Financial performance; 9.9.1.3. Product benchmarking; 9.9.1.4. Recent developments; 9.9.2. SMS group GmbH; 9.9.2.1. Participant’s overview; 9.9.2.2. Financial performance; 9.9.2.3. Product benchmarking; 9.9.2.4. Recent developments; 9.9.3. Primetals Technologies; 9.9.3.1. Participant’s overview; 9.9.3.2. Financial performance; 9.9.3.3. Product benchmarking; 9.9.3.4. Recent developments; 9.9.4. Tenova S.p.A.; 9.9.4.1. Participant’s overview; 9.9.4.2. Financial performance; 9.9.4.3. Product benchmarking; 9.9.4.4. Recent developments; 9.9.5. Electrotherm; 9.9.5.1. Participant’s overview; 9.9.5.2. Financial performance; 9.9.5.3. Product benchmarking; 9.9.5.4. Recent developments; 9.9.6. JP Steel Plantech Co.; 9.9.6.1. Participant’s overview; 9.9.6.2. Financial performance; 9.9.6.3. Product benchmarking; 9.9.6.4. Recent developments; 9.9.7. Paul Wurth IHI Co., Ltd. (IHI Corporation); 9.9.7.1. Participant’s overview; 9.9.7.2. Financial performance; 9.9.7.3. Product benchmarking; 9.9.7.4. Recent developments; 9.9.8. SARRALLE; 9.9.8.1. Participant’s overview; 9.9.8.2. Financial performance; 9.9.8.3. Product benchmarking; 9.9.8.4. Recent developments; 9.9.9. Xiye; 9.9.9.1. Participant’s overview; 9.9.9.2. Financial performance; 9.9.9.3. Product benchmarking; 9.9.9.4. Recent developments; 9.9.10. CHNZBTECH Co. Ltd; 9.9.10.1. Participant’s overview; 9.9.10.2. Financial performance; 9.9.10.3. Product benchmarking; 9.9.10.4. Recent developments; 9.9.11. Xi'an Taoyuan Metallurgical Equipment Engineering Co., Ltd; 9.9.11.1. Participant’s overview; 9.9.11.2. Financial performance; 9.9.11.3. Product benchmarking; 9.9.11.4. Recent developments; 9.9.12. Daido Steel Co., Ltd; 9.9.12.1. Participant’s overview; 9.9.12.2. Financial performance; 9.9.12.3. Product benchmarking; 9.9.12.4. Recent developments; 9.9.13. Rose Corporation; 9.9.13.1. Participant’s overview; 9.9.13.2. Financial performance; 9.9.13.3. Product benchmarking; 9.9.13.4. Recent developments

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