Global Electric Arc Furnaces Market 2019-2023 with Danieli, IHI, Primetals Technologies, Sinosteel, SMS Group & Tenova Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “Global Electric Arc Furnaces Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The global electric arc furnaces market to grow at a CAGR of 10.98% during the period 2019-2023.
Global Electric Arc Furnaces Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This market research report offers a comprehensive analysis of the market segmentation by technology (DC arc furnace, and AC arc furnace).
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.
According to the report, one of the major drivers for this market is the lower investment requirements of EAF route than BF-BOF route. Since, minimills use scrap iron to produce steel, the operating, material handling and processing cost is lesser than that of integrated steel plants. This leads to lower capital expenditure for EAF route than BF-BOF route for the same steel output, which in turn drives electric arc furnaces market growth.
Further, the report states that one of the major factors hindering the growth of this market is the downsizing of the Chinese steel industry to reduce the steel sector’s debt. The Chinese government is also shutting down several outdated and illegal steel plants to lower pollution levels in Chinese cities such as Beijing and Hebei. Since China is one of the largest producers, consumers and exporters of steel in the world, downsizing of the Chinese steel industry will negatively impact the growth of electric arc furnaces market.
Key vendorsDanieli IHI Primetals Technologies Sinosteel SMS Group Tenova (Techint Group)
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Market Landscape
Part 04: Market Sizing
Part 05: Five Forces Analysis
Part 06: Market Segmentation By Technology
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Vendor Landscape
Part 12: Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9pnpm3/global_electric?w=4
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Related Topics:Industrial Ovens
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 12:14 PM/DISC: 11/07/2018 12:14 PM