Decarbonization in the steel industry is a critical focus area for reducing greenhouse gas emissions and transitioning towards more sustainable production processes. To achieve decarbonization goals, various steel-related equipment, including electric furnaces and direct reduction furnaces, play essential roles in implementing low-carbon or carbon-neutral steelmaking technologies.
According to our (Global Info Research) latest study, the global Electric Furnace for Steel Decarbonization market size was valued at US$ 845 million in 2023 and is forecast to a readjusted size of USD 1510 million by 2030 with a CAGR of 8.5% during review period.
This report is a detailed and comprehensive analysis for global Electric Furnace for Steel Decarbonization market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Electric Furnace for Steel Decarbonization market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030
Global Electric Furnace for Steel Decarbonization market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030
Global Electric Furnace for Steel Decarbonization market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2019-2030
Global Electric Furnace for Steel Decarbonization market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K US$/Unit), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electric Furnace for Steel Decarbonization
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electric Furnace for Steel Decarbonization market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Danieli, SMS, Electrotherm, TENOVA, Primetals Technologies, Steel Plantech, IHI, Doshi, TYMEC, DongXong, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Electric Furnace for Steel Decarbonization market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Electric Arc Furnace (EAF)
Submerged Arc Furnace (SAF)
Open Slag Bath Furnace (OSBF)
Market segment by Application
Direct Reduced Iron Independent Plant
Direct Reduced Iron + Electric Furnace Comprehensive Plant
Major players covered
Danieli
SMS
Electrotherm
TENOVA
Primetals Technologies
Steel Plantech
IHI
Doshi
TYMEC
DongXong
Sermak Metal
XiYe Technology Group
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Electric Furnace for Steel Decarbonization product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Electric Furnace for Steel Decarbonization, with price, sales quantity, revenue, and global market share of Electric Furnace for Steel Decarbonization from 2019 to 2024.
Chapter 3, the Electric Furnace for Steel Decarbonization competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Electric Furnace for Steel Decarbonization breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Electric Furnace for Steel Decarbonization market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Furnace for Steel Decarbonization.
Chapter 14 and 15, to describe Electric Furnace for Steel Decarbonization sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Electric Furnace for Steel Decarbonization. Industry analysis & Market Report on Electric Furnace for Steel Decarbonization is a syndicated market report, published as Global Electric Furnace for Steel Decarbonization Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Electric Furnace for Steel Decarbonization market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.