The global AC (Alternative Current) Electric Arc Furnace (EAF) market size is predicted to grow from US$ 546 million in 2025 to US$ 771 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

An electric arc furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Electric arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary steelmaking.

According to our Construction Machinery research center, sales of construction machinery in Europe increased by 24% in 2021, and in 2022 the construction machinery revenue in Europe was about US$ 22 billion, while the US market sold about $36 billion in construction machinery in 2022. Chinas construction machinery has complete categories and outstanding advantages, with 20 categories, 109 groups, 450 models, 1090 series and tens of thousands of models of product equipment. By the end of 2021, the number of major products of construction machinery in China was about 5.61 million to 6.08 million units. According to our Construction Machinery research center, the total sales of the top 50 global construction machinery manufacturers in 2022 reached US$ 220 billion. And Asian companies occupied an absolute advantage, accounting for 50% of revenue, followed by Europe and North America, accounting for 26% and 23%.

Infinity Market Research newest research report, the AC (Alternative Current) Electric Arc Furnace (EAF) Industry Forecast looks at past sales and reviews total world AC (Alternative Current) Electric Arc Furnace (EAF) sales in 2024, providing a comprehensive analysis by region and market sector of projected AC (Alternative Current) Electric Arc Furnace (EAF) sales for 2025 through 2031. With AC (Alternative Current) Electric Arc Furnace (EAF) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AC (Alternative Current) Electric Arc Furnace (EAF) industry.

This Insight Report provides a comprehensive analysis of the global AC (Alternative Current) Electric Arc Furnace (EAF) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AC (Alternative Current) Electric Arc Furnace (EAF) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global AC (Alternative Current) Electric Arc Furnace (EAF) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AC (Alternative Current) Electric Arc Furnace (EAF) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AC (Alternative Current) Electric Arc Furnace (EAF).

This report presents a comprehensive overview, market shares, and growth opportunities of AC (Alternative Current) Electric Arc Furnace (EAF) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    High-voltage AC
    Low-voltage AC

Segmentation by Application:

    Metal Smelting
    Ore Smelting
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Danieli
    Electrotherm
    SMS
    Siemens
    TENOVA
    STEEL PLANTECH
    Doshi
    IHI
    DongXong
    YUEDA
    Nupro Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global AC (Alternative Current) Electric Arc Furnace (EAF) market?
What factors are driving AC (Alternative Current) Electric Arc Furnace (EAF) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do AC (Alternative Current) Electric Arc Furnace (EAF) market opportunities vary by end market size?
How does AC (Alternative Current) Electric Arc Furnace (EAF) break out by Type, by Application?