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Market Research Report

Global Blast Furnaces Market 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 743345
Published Content info 109 Pages
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Global Blast Furnaces Market 2019-2023
Published: November 6, 2018 Content info: 109 Pages
Description

About this market

The operational efficiency of an integrated steel plant is largely determined by the performance of blast furnaces. This have resulted in steel producers entering into performance-based contracts with blast furnace manufacturers. These contracts require the equipment vendors to provide hardware and services and bear most of the equipment and services fixed cost. Vendors are paid according to the financial performance of the steel plant. These performance-based contracts help the steel producers achieve improved operational efficiency and profitability. Thus, by providing equipment as a service, blast furnace vendors will be able to increase their market share and thereby boost market growth. Technavio's analysts have predicted that the blast furnaces market will register a CAGR of over 4% by 2023.

Market Overview

Large installed base of blast furnaces driving the replacement market

Approximately 70% of the world's crude steel is produced by following the BF-BOF route in integrated steel plants. Owing to the high capital investment, integrated steel plants have to carry out production on a large scale to achieve economies of scale. This makes the exit barriers very high for integrated steel plant operators which leads to the creation of a large installed base thereby driving blast furnace replacement market growth.

Increasing popularity of steel mini mills

The production of pig iron which is a raw material in BOF is a costly process. Moreover, blast furnaces require frequent shutdown for relining and the process of starting up the furnace is also costly and time consuming. The low fixed costs and investment requirement of steel mini mills is making it a preferable option for steel production. Thus, the increasing popularity of steel mini mills is hampering the growth of blast furnaces market.

For the detailed list of factors that will drive and challenge the growth of the blast furnaces market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fairly concentrated and with the presence of companies such as DANIELI, and LARSEN & TOUBRO the competitive environment is intense. Factors such as the large installed base of blast furnaces, will provide considerable growth opportunities to blast furnace manufacturers. DANIELI, LARSEN & TOUBRO, MCC Group, NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group), Primetals Technologies, and SMS group are some of the major companies covered in this report.

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Table of Contents
Product Code: IRTNTR30153

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Capacity additions - Market size and forecast 2018-2023
  • Revamping projects - Market size and forecast 2018-2023
  • Market opportunity

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • DANIELI
  • LARSEN & TOUBRO
  • MCC Group
  • NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group)
  • Primetals Technologies
  • SMS group

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

List of Exhibits

  • Exhibit 01: Global integrated steel plant market
  • Exhibit 02: Segments of the global integrated steel plant market
  • Exhibit 03: Market characteristics
  • Exhibit 04: Market segments
  • Exhibit 05: Market definition - Inclusions and exclusions checklist
  • Exhibit 06: Market size 2018
  • Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 09: Five forces analysis 2018
  • Exhibit 10: Five forces analysis 2023
  • Exhibit 11: Bargaining power of buyers
  • Exhibit 12: Bargaining power of suppliers
  • Exhibit 13: Threat of new entrants
  • Exhibit 14: Threat of substitutes
  • Exhibit 15: Threat of rivalry
  • Exhibit 16: Market condition - Five forces 2018
  • Exhibit 17: Application - Market share 2018-2023 (%)
  • Exhibit 18: Comparison by application
  • Exhibit 19: Capacity additions - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 20: Capacity additions - Year-over-year growth 2019-2023 (%)
  • Exhibit 21: Revamping projects - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 22: Revamping projects - Year-over-year growth 2019-2023 (%)
  • Exhibit 23: Market opportunity
  • Exhibit 24: Customer landscape
  • Exhibit 25: Market share by geography 2018-2023 (%)
  • Exhibit 26: Geographic comparison
  • Exhibit 27: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 29: EMEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 30: EMEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 31: Americas - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 32: Americas - Year-over-year growth 2019-2023 (%)
  • Exhibit 33: Key leading countries
  • Exhibit 34: Market opportunity
  • Exhibit 35: Impact of drivers and challenges
  • Exhibit 36: Vendor landscape
  • Exhibit 37: Landscape disruption
  • Exhibit 38: Vendors covered
  • Exhibit 39: Vendor classification
  • Exhibit 40: Market positioning of vendors
  • Exhibit 41: DANIELI - Vendor overview
  • Exhibit 42: DANIELI - Business segments
  • Exhibit 43: DANIELI - Organizational developments
  • Exhibit 44: DANIELI - Geographic focus
  • Exhibit 45: DANIELI - Segment focus
  • Exhibit 46: DANIELI - Key offerings
  • Exhibit 47: LARSEN & TOUBRO - Vendor overview
  • Exhibit 48: LARSEN & TOUBRO - Business segments
  • Exhibit 49: LARSEN & TOUBRO - Organizational developments
  • Exhibit 50: LARSEN & TOUBRO - Geographic focus
  • Exhibit 51: LARSEN & TOUBRO - Segment focus
  • Exhibit 52: LARSEN & TOUBRO - Key offerings
  • Exhibit 53: MCC Group - Vendor overview
  • Exhibit 54: MCC Group - Business segments
  • Exhibit 55: MCC Group - Geographic focus
  • Exhibit 56: MCC Group - Segment focus
  • Exhibit 57: MCC Group - Key offerings
  • Exhibit 58: NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group) - Vendor overview
  • Exhibit 59: NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group) - Business segments
  • Exhibit 60: NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group) - Organizational developments
  • Exhibit 61: NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group) - Segment focus
  • Exhibit 62: NIPPON STEEL AND SUMIKIN ENGINEERING (NSSMC Group) - Key offerings
  • Exhibit 63: Primetals Technologies - Vendor overview
  • Exhibit 64: Primetals Technologies - Organizational developments
  • Exhibit 65: Primetals Technologies - Key offerings
  • Exhibit 66: SMS group - Vendor overview
  • Exhibit 67: SMS group - Organizational developments
  • Exhibit 68: SMS group - Geographic focus
  • Exhibit 69: SMS group - Key offerings
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