Electric Arc Furnaces - v0 by Vercel

Here are the key takeaways from the Fortune Business Insights report on the Electric Arc Furnace (EAF) market:

Market size and outlook: USD 794.3M (2024) → USD 868.6M (2025) → USD 1,891.1M by 2032; CAGR 11.8% (2025–2032).
Regional leader: Asia Pacific held 52.47% share in 2024.
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, Non‑ferrous metals
Growth drivers: Rising steel demand (auto, construction, infrastructure) and shift to lower‑carbon production favoring EAF over blast furnaces.
Sustainability trend: Producers are replacing blast furnaces to cut Scope 1 & 2 emissions and address downstream Scope 3 pressures; EAFs consume less energy and emit fewer GHGs.
Technology tailwind: Increasing adoption of Direct Reduced Iron (DRI) in steelmaking supports EAF growth.
COVID-19 impact: 2020 disruptions hurt demand temporarily (supply chain and steel end‑markets), with recovery thereafter.
Report metadata: Last updated April 14, 2025; Report ID: FBI104745.

If you’d like, I can extract the regional breakdowns, competitive landscape, or build a one‑page briefing with charts and a forecast table.

Here are the key takeaways from the Fortune Business Insights report on the Electric Arc Furnace (EAF) market:

Market size and outlook: USD 794.3M (2024) → USD 868.6M (2025) → USD 1,891.1M by 2032; CAGR 11.8% (2025–2032).
Regional leader: Asia Pacific held 52.47% share in 2024.
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, Non‑ferrous metals
Growth drivers: Rising steel demand (auto, construction, infrastructure) and shift to lower‑carbon production favoring EAF over blast furnaces.
Sustainability trend: Producers are replacing blast furnaces to cut Scope 1 & 2 emissions and address downstream Scope 3 pressures; EAFs consume less energy and emit fewer GHGs.
Technology tailwind: Increasing adoption of Direct Reduced Iron (DRI) in steelmaking supports EAF growth.
COVID-19 impact: 2020 disruptions hurt demand temporarily (supply chain and steel end‑markets), with recovery thereafter.
Report metadata: Last updated April 14, 2025; Report ID: FBI104745.

If you’d like, I can extract the regional breakdowns, competitive landscape, or build a one‑page briefing with charts and a forecast table.