Los Angeles, United State, September 11, 2019, – – The global Electric Arc Furnaces market is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the global Electric Arc Furnaces Market. The report equips players with useful information and suggests result-oriented ideas to gain a competitive edge in the global Electric Arc Furnaces market. It shows how different players are competing in the global Electric Arc Furnaces market and discusses about strategies they are using to distinguish themselves from other participants.
The global Electric Arc Furnaces market was 1030 million US$ in 2018 and is expected to 1570 million US$ by the end of 2025, growing at a CAGR of 6.3% between 2019 and 2025.
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An electric arc furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Electric arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary steelmaking.
Improvements in extraction and mining technologies have resulted in low prices of natural gas and non-coking coal. This have led to low production cost of DRI which is used with scrap steel to produce crude steel. Thus, the increasing production of DRI will be a key trend that will drive the growth of the electric arc furnaces market during the forecast period.
Key manufacturers cited in the report
The analysts authoring the report have segmented the global Electric Arc Furnaces market according to product, application, and region. All of the segments are deeply researched about with heavy emphasis on their CAGR, market size, growth potential, market share, and other vital factors. The segmental study provided in the report will help players to focus on lucrative areas of the global Electric Arc Furnaces market. The regional analysis will help players to strengthen their footing in key regional markets. It brings to light untapped growth opportunities in regional markets and how they can be capitalized on during the course of the forecast period.
Global Electric Arc Furnaces Market by Type Segments:
Global Electric Arc Furnaces Market by Application Segments:
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Table of Contents
Overview: Along with a broad overview of the global Electric Arc Furnaces market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Electric Arc Furnaces Market Dynamics: Here, the authors of the report have comprehensively discussed about key drivers, restraints, challenges, trends, and opportunities of the global Electric Arc Furnaces market.
Product Segments: This part of the report throws light on the Electric Arc Furnaces market growth of several types of products sold by leading companies.
Application Segments: The analysts authoring the report have deeply assessed the market potential of key applications and identified future opportunities they are expected to create in the global Electric Arc Furnaces market.
Geographical Segments: Each regional Electric Arc Furnaces market is carefully looked into for understanding its current and future growth scenarios.
Company Profiles: Top players of the global Electric Arc Furnaces market are thoroughly profiled in the report based on their market share, market served, products, applications, regional growth, and other factors.
The report also includes dedicated sections on production and consumption analysis, key findings, important suggestions and recommendations, and other aspects. On the whole, it offers complete analysis and research study on the global Electric Arc Furnaces market to help players to ensure strong growth in the coming years.
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