Electric Arc Furnaces Market will register a CAGR of 6% during 2020-2024. The market’s growth momentum will Accelerate.
lower investment requirements of EAF route than BF-BOF route will be one of the major factors driving the growth of this market. Additionally, key Electric Arc Furnaces Market trends such as the New emission regulations in China will also influence market growth during the forecast period.
Electric Arc Furnaces Market Size
During the forecast period, the Electric Arc Furnaces Market size will grow by $ 526.50 mn.
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Electric Arc Furnaces Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Electric Arc Furnaces Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the downsizing of the Chinese steel industry will also challenge the growth of the companies.
Danieli & C. Officine Meccaniche Spa | Electrotherm (India) Ltd. | IHI Corp. | JP Steel Plantech Co. | Nippon Steel Corp. | Primetals Technologies Ltd. | Siemens AG | Sinosteel Corp. | SMS group GmbH | Tenova Spa.list
are some of the companies covered in Technavio’s Electric Arc Furnaces Market report for 2020-2024.
Electric Arc Furnaces Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Electric Arc Furnaces Market.
The APAC will account for the largest Electric Arc Furnaces Market share and during 2020-2024, the region will contribute to 67% of the market’s growth.
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