Valued at around USD 1 billion in 2024, the global electric arc furnaces market is expected to grow at a robust CAGR of over 11% during the forecast period from 2025 to 2030. The market is experiencing significant growth as the global steel industry shifts toward more sustainable and energy-efficient production methods. Unlike traditional blast furnaces, EAFs use electricity to melt scrap steel or direct reduced iron (DRI), emitting up to 75–80% less CO₂. This makes them a preferred choice in regions implementing stringent emissions regulations and carbon neutrality goals. Key driving factors include increased demand for recycled steel, rising electricity-based steel production, and government incentives promoting green technologies.
Asia-Pacific dominates the global EAF market, fueled by rapid industrialization in China and India, abundant scrap availability, and supportive environmental policies. North America and Europe are also significant contributors, particularly due to technological advancements and modernization of steel manufacturing infrastructure. The market is segmented by furnace type (AC, DC, and hybrid), capacity range, and application, with AC EAFs holding the largest market share, while DC furnaces are witnessing faster adoption in high-performance applications. As steelmakers globally pivot to decarbonized operations, the EAF market is poised to play a central role in shaping the future of low-emission metal production.
Market Snapshot:
Benchmark Year | 2024 | ||
Market Size | ~ USD 1 Billion in 2024 | ||
Market Growth (CAGR) | > 11% (2025 – 2030) | ||
Largest Market Share | Asia Pacific | ||
Analysis Period | 2020-2030 | ||
Market Players | SMS Group GmbH, Danieli & C. Officine Meccaniche S.p.A., Primetals Technologies Limited, Tenova S.p.A., and Electrotherm (India) Ltd. |
Electric Arc Furnaces Market Key Drivers:
The global electric arc furnaces (EAF) market is primarily driven by the global push toward decarbonizing the steel industry. EAFs are significantly more energy-efficient and environmentally friendly than traditional blast furnaces, producing up to 80% fewer carbon emissions. With the increasing availability and use of scrap steel and direct reduced iron (DRI), many countries are encouraging the adoption of EAFs to align with climate goals. Additionally, rising electricity availability from renewable sources supports the transition to EAF technology, which relies on electric energy for smelting rather than coal. Growing concerns over environmental sustainability, alongside rising costs associated with carbon emissions, have made EAFs an attractive solution for modern steel production.
A notable example is ArcelorMittal’s €1.7 billion investment announced in February 2022 to decarbonize its French operations. The project aims to transform the company’s two major steelmaking sites in Dunkirk and Fos-sur-Mer by integrating electric arc furnace technology and is projected to cut CO₂ emissions by nearly 40%, or 7.8 million tonnes per year, by 2030. This initiative is supported by the French government and showcases how public-private partnerships are accelerating the shift to low-emission steel production. Such investments are reshaping the competitive landscape and signaling a long-term commitment to sustainable manufacturing, reinforcing the EAF market’s central role in the future of green steelmaking.
Emerging Trends Shaping the Electric Arc Furnaces Market Growth:
Shift Toward Low-Carbon Steel Production
One of the most significant trends in the EAF market is the global transition toward low-carbon steelmaking. Traditional blast furnaces are known for being carbon-intensive due to their reliance on coal and coke, which emit large amounts of CO₂. In contrast, electric arc furnaces can operate with considerably lower carbon emissions—up to 80% less—especially when powered by electricity from renewable sources like solar, wind, or hydropower. As governments and industries set ambitious net-zero goals, steel producers are increasingly investing in EAFs to meet stricter environmental regulations and improve their sustainability profiles. This shift is not just environmental but also strategic, as low-emission steel is expected to become a competitive advantage in global markets.
Increased Use of Scrap Steel and Direct Reduced Iron (DRI)
EAFs are particularly well-suited for processing steel scrap and direct reduced iron (DRI), making them integral to the development of a circular steel economy. With the increasing focus on recycling and resource efficiency, steelmakers are relying more heavily on scrap metal, which not only reduces raw material costs but also minimizes environmental impact. At the same time, the production of DRI—especially using hydrogen instead of natural gas—is emerging as a cleaner alternative to traditional ironmaking. This trend is evident in regions with significant renewable energy capacity, where green hydrogen is being developed as a fuel for DRI production. As more steelmakers commit to using scrap and DRI as primary feedstocks, EAF technology becomes the natural choice to enable this transformation.
Electrification and Integration with Renewable Energy
As the global energy sector moves toward cleaner power generation, the electrification of industrial processes like steelmaking is gaining momentum. EAFs, which depend entirely on electricity to melt and refine steel, are uniquely positioned to benefit from this transition. With declining costs and expanding capacity for solar, wind, and hydroelectric power, steelmakers are increasingly integrating EAF operations with renewable energy sources. This integration not only reduces operational emissions but also enhances the long-term economic viability of steel plants. In some cases, producers are establishing dedicated renewable energy assets—such as solar parks—to power EAF facilities, further reinforcing their green credentials.
Advancements in Digitalization and Automation
Technology is playing a critical role in improving the performance and efficiency of EAF systems. Recent innovations include smart furnace controls, real-time data analytics, and AI-driven process optimization, all of which enhance productivity and reduce energy consumption. Many EAF facilities are adopting Industry 4.0 practices, including the use of digital twins, machine learning algorithms for predictive maintenance, and automated temperature and chemistry monitoring systems. These advancements allow operators to make faster and more informed decisions, reduce downtime, and extend equipment life. As digital technologies become more accessible and cost-effective, their adoption in EAF operations is expected to accelerate significantly.
Rise of Mini-Mills and Modular EAF Installations
Another trend reshaping the EAF landscape is the growing popularity of mini-mills and modular steel plants. Unlike large, centralized blast furnace operations, mini-mills are smaller, more flexible, and often located closer to end-users or scrap sources. They offer a faster return on investment and can be scaled up or down based on market demand. Modular EAF systems are also gaining attention for their ease of installation and adaptability to different production needs. These setups are particularly attractive in emerging markets and regions lacking large-scale steel infrastructure, where decentralized and energy-efficient production can help meet growing steel demand with lower environmental and logistical costs.
Future Opportunities Reshaping the Electric Arc Furnaces Market’s Evolution:
The global electric arc furnaces (EAF) market presents substantial opportunities driven by the global steel industry’s transition toward environmentally sustainable manufacturing. EAFs are increasingly viewed as a key solution for reducing carbon emissions, especially as they enable efficient recycling of scrap steel and utilization of low-emission feedstocks like direct reduced iron (DRI). This shift is opening up new opportunities in developing regions such as Southeast Asia, the Middle East, and Latin America, where industrial growth and urbanization are driving steel demand. The ability of EAFs to support decentralized mini-mill setups also allows for rapid deployment and scalability, creating strong potential for localized, flexible, and sustainable steel production.
A major opportunity was underscored in March 2023 when thyssenkrupp Steel awarded a €1.8 billion contract to SMS group for the construction of a hydrogen-powered direct reduction plant at its Duisburg site in Germany. This project includes two innovative melters and auxiliary units, integrating Midrex technology, with a production capacity of 2.5 million metric tons of DRI annually. Expected to be operational by the end of 2026, the facility is set to cut over 3.5 million metric tons of CO₂ per year, marking one of the world’s largest industrial decarbonization efforts. Such large-scale transitions are creating extensive opportunities not only for EAF manufacturers, but also for automation providers, digital integration firms, and renewable energy partners aiming to play a role in the future of green steel.
Market Insights:
By Type: The AC Arc Furnaces Segment Dominated the Electric Arc Furnaces Market
The global electric arc furnaces market is bifurcated into type, capacity, application, and geography. On the basis of type, the AC arc furnaces dominate the global market in 2024 in terms of installed base and overall market share. AC furnaces are widely preferred due to their simpler design, lower initial investment, and operational flexibility, especially for steel plants that rely heavily on melting scrap metal. These furnaces use a three-phase power supply and are suitable for batch-type steelmaking processes, which makes them ideal for small to mid-sized mini-mills. Because of their robust performance, ease of maintenance, and adaptability, AC EAFs continue to be the standard for conventional steel recycling operations in regions such as North America, China, and Southeast Asia. They are especially favored in facilities producing carbon and low-alloy steels, which represent a large portion of global steel production.
Furthermore, AC Arc Furnaces have a strong presence in emerging economies due to their relatively lower cost and technological maturity. While DC Arc Furnaces offer benefits in energy efficiency and reduced electrode wear, they require higher capital investment and more complex power supply infrastructure, making AC furnaces more accessible to steelmakers in cost-sensitive markets. Additionally, the abundance of scrap steel in many regions has increased reliance on traditional AC EAFs to meet recycling and production needs. As many governments continue to push for scrap-based steelmaking to reduce emissions, the established role and widespread applicability of AC arc technology solidify its position as the dominant category in the EAF market.
By Application: Ferrous Metals Sub-category Holds the Largest Share of Electric Arc Furnaces Market
On the basis of application, the global electric arc furnaces market is further segmented into ferrous metals and non-ferrous metals. The Ferrous Metals segment is the dominant application in the global Electric Arc Furnaces (EAF) market, accounting for the majority of EAF installations worldwide. EAFs are extensively used in the production of various grades of steel—particularly carbon steel, alloy steel, and stainless steel—by melting scrap or direct reduced iron (DRI). This method not only lowers production costs but also aligns with environmental targets due to significantly reduced CO₂ emissions compared to traditional blast furnace routes. As global steelmakers increasingly adopt scrap-based steelmaking, EAFs have become essential, especially in mini-mills and integrated steel plants focused on ferrous metal production. Regions like North America, China, and the EU are leading this shift, where EAFs are now the preferred technology for sustainable steelmaking.
Moreover, the steel industry’s growing demand—driven by infrastructure, construction, automotive, and machinery sectors—continues to boost the ferrous metals segment. The relatively simple furnace design, broad availability of scrap steel, and improved power supply infrastructure have made EAFs a reliable and cost-effective solution for ferrous applications. The introduction of hybrid EAFs, increased automation, and energy-efficient practices have further strengthened their relevance in large-scale steel operations. As the world’s focus intensifies on reducing carbon footprints, EAFs for ferrous metals will remain the backbone of modern and green steel production.
The electric arc furnaces market research report presents the analysis of each segment from 2020 to 2030 considering 2024 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2025 to 2030.
Historical & Forecast Period
- 2020-23 – Historical Year
- 2024 – Base Year
- 2025-2030 – Forecast Period
Electric Arc Furnaces Market Segmentation:
By Type:
- DC Arc Furnace
- AC Arc Furnace
By Capacity:
- Up to 100 Tons
- 100 – 300 Tons
- Above 300 Tons
By Application:
- Ferrous Metals
- Flat Carbon Steel Products
- Long Carbon Steel Products
- Alloyed Carbon Steel Products
- Stainless Steel Products
- Non-Ferrous Metals
By Feedstock Type:
- Scrap-Based EAFs
- Direct Reduced Iron (DRI)-Based EAFs
- Mixed Feedstock (Scrap + DRI)
By Power Configuration:
- Low-Power EAFs (Below 80 MW)
- Medium-Power EAFs (80–150 MW)
- High-Power EAFs (Above 150 MW)
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis: Asia Pacific Leads the Electric Arc Furnaces Market
Geographically, the Asia-Pacific region dominated the global electric arc furnaces (EAF) market in 2024, both in terms of volume and growth potential. This dominance is largely driven by China and India, two of the world’s largest steel-producing nations. In China, the government’s push to cut carbon emissions and reduce overcapacity in steel production has encouraged a shift from traditional blast furnace-based operations to EAF-based methods, particularly using recycled scrap steel and direct reduced iron (DRI). India, on the other hand, has seen a surge in mini-mill installations and scrap-based steelmaking capacity to meet its rapidly growing infrastructure and construction needs. The abundance of raw materials, availability of cost-effective labor, and supportive policy frameworks are further contributing to the expansion of EAF technology in the region.
Additionally, countries in Southeast Asia—such as Vietnam, Indonesia, and Thailand—are increasingly investing in EAFs to build local steel production capacity while aligning with global environmental standards. The region benefits from a growing industrial base, rising urbanization, and an increasing focus on green manufacturing. Furthermore, the integration of renewable energy and smart grid infrastructure is gradually making electricity more accessible and affordable for industrial use, enhancing the feasibility of EAF installations. With ongoing technological upgrades, expanding scrap metal availability, and government-backed initiatives for low-emission steelmaking, the Asia-Pacific region is expected to retain its leading position in the global EAF market over the coming years.
Competitive Landscape:
Some of the prominent market players operating in the global electric arc furnaces market are SMS Group GmbH, Danieli & C. Officine Meccaniche S.p.A., Primetals Technologies Limited, Tenova S.p.A., and Electrotherm (India) Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- SMS Group GmbH
- Danieli & C. Officine Meccaniche S.p.A.
- Primetals Technologies Limited
- Tenova S.p.A.
- Electrotherm (India) Ltd.
- Nippon Steel Corp.
- IHI Corporation
- Steel Plantech Co., Ltd.
- Siemens AG
- Sinosteel Midwest Group
- Whiting Equipment Canada, Inc.
Key Questions Answered by Electric Arc Furnaces Market Report
- Global electric arc furnaces market forecasts from 2025-2030
- Regional market forecasts from 2025-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2025-2030 covering 15 major countries from the regions as mentioned above
- Electric arc furnaces submarket forecasts from 2025-2030 covering the market by type, capacity, application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level electric arc furnaces markets from 2025-2030
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Electric Arc Furnaces Market Portraiture
2.2. Global Electric Arc Furnaces Market, by Type, 2024 (USD Mn)
2.3. Global Electric Arc Furnaces Market, by Capacity, 2024 (USD Mn)
2.4. Global Electric Arc Furnaces Market, by Application, 2024 (USD Mn)
2.5. Global Electric Arc Furnaces Market, by Geography, 2024 (USD Mn)
3. Global Electric Arc Furnaces Market Analysis
3.1. Electric Arc Furnaces Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Market Trends
3.5. Attractive Investment Proposition
3.6. Competitive Analysis
3.7. Porter’s Five Force Analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrants
3.7.4. Threat of Substitutes
3.7.5. Degree of Competition
3.8. PESTLE Analysis
4. Global Electric Arc Furnaces Market by Type, 2020 – 2030 (USD Mn)
4.1. Overview
4.2. DC Arc Furnace
4.3. AC Arc Furnace
5. Global Electric Arc Furnaces Market by Capacity, 2020 – 2030 (USD Mn)
5.1. Overview
5.2. Up to 100 Tons
5.3. 100 – 300 Tons
5.4. Above 300 Tons
6. Global Electric Arc Furnaces Market by Application, 2020 – 2030 (USD Mn)
6.1. Overview
6.2. Ferrous Metals
6.3. Non-Ferrous Metals
7. North America Electric Arc Furnaces Market Analysis and Forecast, 2020 – 2030 (USD Mn)
7.1. Overview
7.2. North America Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
7.3. North America Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
7.4. North America Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
7.5. North America Electric Arc Furnaces Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
7.5.1.2. U.S. Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
7.5.1.3. U.S. Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
7.5.2.2. Canada Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
7.5.2.3. Canada Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
7.5.3. Mexico
7.5.3.1. Mexico Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
7.5.3.2. Mexico Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
7.5.3.3. Mexico Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8. Europe Electric Arc Furnaces Market Analysis and Forecast, 2020 - 2030 (USD Mn)
8.1. Overview
8.2. Europe Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.3. Europe Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.4. Europe Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5. Europe Electric Arc Furnaces Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.1.2. Germany Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.1.3. Germany Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.2.2. U.K. Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.2.3. U.K. Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.3.2. France Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.3.3. France Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.4.2. Spain Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.4.3. Spain Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.5.2. Italy Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.5.3. Italy Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9. Asia Pacific Electric Arc Furnaces Market Analysis and Forecast, 2020 - 2030 (USD Mn)
9.1. Overview
9.2. Asia Pacific Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.3. Asia Pacific Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.4. Asia Pacific Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9.5. Asia Pacific Electric Arc Furnaces Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.5.1.2. China Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.5.1.3. China Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.5.2.2. Japan Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.5.2.3. Japan Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.5.3.2. India Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.5.3.3. India Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9.5.4. South Korea
9.5.4.1. South Korea Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.5.4.2. South Korea Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.5.4.3. South Korea Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
9.5.5. Rest of Asia Pacific
9.5.5.1. Rest of Asia Pacific Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
9.5.5.2. Rest of Asia Pacific Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
9.5.5.3. Rest of Asia Pacific Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
10. Latin America (LATAM) Electric Arc Furnaces Market Analysis and Forecast, 2020 - 2030 (USD Mn)
10.1. Overview
10.2. Latin America Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
10.3. Latin America Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
10.4. Latin America Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
10.5. Latin America Electric Arc Furnaces Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
10.5.1.2. Brazil Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
10.5.1.3. Brazil Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
10.5.2. Argentina
10.5.2.1. Argentina Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
10.5.2.2. Argentina Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
10.5.2.3. Argentina Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
11. Middle East and Africa Electric Arc Furnaces Market Analysis and Forecast, 2020 - 2030 (USD Mn)
11.1. Overview
11.2. MEA Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
11.3. MEA Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
11.4. MEA Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
11.5. Middle East and Africa Electric Arc Furnaces Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
11.5.1.2. GCC Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
11.5.1.3. GCC Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
11.5.2.2. South Africa Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
11.5.2.3. South Africa Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Electric Arc Furnaces Market by Type, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Electric Arc Furnaces Market by Capacity, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Electric Arc Furnaces Market by Application, (2020-2030 USD Mn)
12. Competitive Landscape
12.1. Company Market Share Analysis, 2023
12.2. Competitive Dashboard
12.3. Competitive Benchmarking
12.4. Geographic Presence Heatmap Analysis
12.5. Company Evolution Matrix
12.5.1. Star
12.5.2. Pervasive
12.5.3. Emerging Leader
12.5.4. Participant
12.6. Strategic Analysis Heatmap Analysis
12.7. Key Developments and Growth Strategies
12.7.1. Mergers and Acquisitions
12.7.2. New Product Launch
12.7.3. Joint Ventures
12.7.4. Others
13. Company Profiles
13.1. SMS Group GmbH
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Danieli & C. Officine Meccaniche S.p.A.
13.3. Primetals Technologies Limited
13.4. Tenova S.p.A.
13.5. Electrotherm (India) Ltd.
13.6. Nippon Steel Corp.
13.7. IHI Corporation
13.8. Steel Plantech Co., Ltd.
13.9. Siemens AG
13.10. Sinosteel Midwest Group
13.11. Whiting Equipment Canada, Inc.

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