Global Electric Arc Furnaces market is expected to reach 1404.00 million USD by 2022
The revenue of Electric Arc Furnaces increases from 699.49 million USD in 2012 to 886.96 million USD in 2016. The global Electric Arc Furnaces market is expected to reach 1404.00 million USD by 2022, posting a CAGR of 7.96%. https://www.qyresearch.com/index/detail/212531/global-electric-arc-furnaces-market
The revenue of Electric Arc Furnaces increases from 699.49 million USD in 2012 to 886.96 million USD in 2016. The global Electric Arc Furnaces market is expected to reach 1404.00 million USD by 2022, posting a CAGR of 7.96%. https://www.qyresearch.com/index/detail/212531/global-electric-arc-furnaces-market
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<strong>Global</strong> <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong><br />
<strong>market</strong> <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong><br />
<strong>1404.00</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>2022</strong><br />
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• The revenue of <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> increases from 699.49 <strong>million</strong> <strong>USD</strong> in<br />
2012 <strong>to</strong> 886.96 <strong>million</strong> <strong>USD</strong> in 2016. The global <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> <strong>market</strong><br />
<strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>1404.00</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>2022</strong>, posting a CAGR of 7.96%.<br />
<strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> are being integrated in steel making applications and<br />
are growing due <strong>to</strong> the <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> technology development and the<br />
demand of electric furnace steel.<br />
• Th<strong>is</strong> industry <strong>is</strong> centralized. Top 11 companies in the <strong>market</strong> occupies about<br />
49.76% of the Revenue <strong>market</strong> shares in 2016. The major manufacturers of<br />
<strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> are Danieli, Electrotherm, SMS, Siemens, TENOVA,<br />
STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation.<br />
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• In the past few years, as the main raw material price was not<br />
stable, with the addition of a sharp increase in production<br />
capacity, <strong>expected</strong> that the <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> raw material<br />
price will be relatively stable in the short term. However, the<br />
improvement of energy, transportation costs, and employee<br />
wages, will play a significant role in promoting the cost of<br />
<strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong>.<br />
• In China, <strong>Electric</strong> <strong>Arc</strong> <strong>Furnaces</strong> <strong>market</strong> <strong>is</strong> occupied <strong>by</strong> foreign<br />
banks <strong>to</strong> some degree, such as Danieli, Electrotherm, SMS,<br />
Siemens, China <strong>is</strong> the world’s largest consumption <strong>market</strong> of<br />
electric arc furnaces; as the same time, the production of<br />
electric arc furnaces in China grown gradually.<br />
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• The most important fac<strong>to</strong>r <strong>to</strong> Limit the development of the EAF<br />
steelmaking in China <strong>is</strong> the shortage of scrap materials. The current<br />
way <strong>to</strong> solve the problem mostly <strong>is</strong> adopting hot molten iron instead<br />
of the shortage of scrap steel <strong>to</strong> reduce energy consumption, but in<br />
th<strong>is</strong> method the <strong>to</strong>tal energy consumption <strong>is</strong> high carbon em<strong>is</strong>sions <strong>is</strong><br />
high. It can’t should not become the mainstream.<br />
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https://www.qyresearch.com/index/detail/212531/globalelectric-arc-furnaces-<strong>market</strong><br />
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