QYR Market Research Global Electric Arc Furnaces market research | Page 3

QYResearch
• 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%.
Electric Arc Furnaces are being integrated in steel making applications and
are growing due to the Electric Arc Furnaces technology development and the
demand of electric furnace steel.
• This industry is centralized. Top 11 companies in the market occupies about
49.76% of the Revenue market shares in 2016. The major manufacturers of
Electric Arc Furnaces are Danieli, Electrotherm, SMS, Siemens, TENOVA,
STEEL PLANTECH, Doshi, IHI, DongXong, YUEDA, Nupro Corporation.
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