Global Industrial Arc Furnaces Market Growth 2025-2031

The global Industrial Arc Furnaces market size is predicted to grow from US$ 968 million in 2025 to US$ 1366 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

A Industrial Arc Furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products.

Rising investment in direct reduced iron (DRl) production coupled with rising demand for recycled metal parts is likely to spur electric arc furnace market growth over the next few years. The global steel industry is seeking new ways to tackle CO2 emissions.

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

This Insight Report provides a comprehensive analysis of the global Industrial Arc Furnaces 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 Industrial Arc Furnaces portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Arc Furnaces market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Arc Furnaces 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 Industrial Arc Furnaces.

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

Segmentation by Type:
AC-EAF
DC-EAF

Segmentation by Application:
Metal Smelting
Ore Smelting
Others

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Arc Furnaces market?

What factors are driving Industrial Arc Furnaces market growth, globally and by region?

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

How do Industrial Arc Furnaces market opportunities vary by end market size?

How does Industrial Arc Furnaces break out by Type, by Application?

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