Global Electric Arc Furnaces Market 2021-2025 The analyst has been monitoring the electric arc furnaces market and it is poised to grow by $ 555. 36 mn during 2021-2025, progressing at a CAGR of over 11% during the forecast period.
New York, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Electric Arc Furnaces Market 2021-2025" - https://www.reportlinker.com/p05608451/?utm_source=GNW
Our report on the electric arc furnaces market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by lower investment requirements of EAF route than BF-BOF route and new emission regulations in China. In addition, lower investment requirements of EAF route than BF-BOF route is anticipated to boost the growth of the market as well.
The electric arc furnaces market analysis includes the technology segment and geographic landscape.
The electric arc furnaces market is segmented as below:
• DC arc furnace
• AC arc furnace
By Geographical Landscape
• North America
• South America
This study identifies the increasing availability of scrap steel as one of the prime reasons driving the electric arc furnaces market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on electric arc furnaces market covers the following areas:
• Electric arc furnaces market sizing
• Electric arc furnaces market forecast
• Electric arc furnaces market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric arc furnaces market vendors that include Berry Metal Co., Danieli & C. Officine Meccaniche Spa, Electrotherm Ltd., IHI Corp., JP Steel Plantech Co., Nippon Steel Corp., Primetals Technologies Ltd., SMS group GmbH, Tenova Spa, and Whiting Equipment Canada Inc. Also, the electric arc furnaces market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05608451/?utm_source=GNW
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