Global Electric Arc Furnace for Steelmaking Market Growth 2025-2031

The global Electric Arc Furnace for Steelmaking market size is predicted to grow from US$ 725 million in 2025 to US$ 1326 million in 2031; it is expected to grow at a CAGR of 10.6% from 2025 to 2031.

Electric arc furnaces for steelmaking use the high temperature generated by the electrode arc to melt ores and metals. When the gas discharge forms an arc, the energy is very concentrated, and the temperature in the arc zone is above 3000℃. For melting metal, electric arc furnaces have greater process flexibility than other steelmaking furnaces, can effectively remove impurities such as sulfur and phosphorus, the furnace temperature is easy to control, and the equipment occupies a small area, which is suitable for the melting of high-quality alloy steel.

United States market for Electric Arc Furnace for Steelmaking is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Electric Arc Furnace for Steelmaking is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Electric Arc Furnace for Steelmaking is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Electric Arc Furnace for Steelmaking players cover Danieli, SARRALLE, Electrotherm, Primetals Technologies, INTECO, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Electric Arc Furnace for Steelmaking Industry Forecast” looks at past sales and reviews total world Electric Arc Furnace for Steelmaking sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Arc Furnace for Steelmaking sales for 2025 through 2031. With Electric Arc Furnace for Steelmaking sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Arc Furnace for Steelmaking industry.

This Insight Report provides a comprehensive analysis of the global Electric Arc Furnace for Steelmaking landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Arc Furnace for Steelmaking portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Arc Furnace for Steelmaking market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Arc Furnace for Steelmaking and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Arc Furnace for Steelmaking.

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

Segmentation by Type:
AC Arc Furnace
DC Arc Furnace

Segmentation by Application:
Large Steel Mills
Small and Medium Steel Mills

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Danieli
SARRALLE
Electrotherm
Primetals Technologies
INTECO
SMS group
TENOVA
Xi'an Sanrui Electric Furnace
Huachang
FS Metallurgy
Xi`an Taoyuan Metallurgical Equipment Engineering Co.,Ltd
SHAANXI CHENGDA INDUSTRY FURNACE MAKE CO.,LTD

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Arc Furnace for Steelmaking market?

What factors are driving Electric Arc Furnace for Steelmaking market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Arc Furnace for Steelmaking market opportunities vary by end market size?

How does Electric Arc Furnace for Steelmaking break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.