PUBLISHER: QYResearch | PRODUCT CODE: 1866874
PUBLISHER: QYResearch | PRODUCT CODE: 1866874
The global market for DC Electric Arc Furnaces was estimated to be worth US$ 133 million in 2024 and is forecast to a readjusted size of US$ 232 million by 2031 with a CAGR of 8.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on DC Electric Arc Furnaces cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
An electric arc furnace (EAF) is a low cylindrical vessel constructed of thick steel plate. It features a dish-shaped refractory hearth and three vertical electrodes extending downward through a dome-shaped, removable roof. Typical shell diameters for 10-ton, 100-ton, and 300-ton EAFs are approximately 2.5, 6, and 9 meters, respectively. Electric arc furnaces use graphite electrodes to input electrical energy into the furnace, using the arc generated between the electrode tips and the charge as the heat source. Using electricity as a heat source, the furnace atmosphere can be adjusted, making it particularly advantageous for melting steels containing high levels of easily oxidizable elements. Using high-temperature flue gas from the furnace, the raw materials can be preheated through technology and equipment, achieving high efficiency, energy conservation, environmental protection, and high yield.
A DC electric arc furnace is an electric arc furnace powered by direct current. Like an AC electric arc furnace, it utilizes the arc generated between the electrodes and the charge (or molten bath) to generate heat for melting. It can be used to melt steel, alloys, and non-ferrous metals. A DC arc furnace converts three-phase AC power into single-phase DC power via thyristor rectification. An arc is generated between a furnace bottom electrode (anode) and a graphite electrode (cathode) to generate a smelting arc. The main differences between DC and AC arc furnace equipment include the addition of a rectifier, a single graphite electrode at the top instead of three, and the addition of a furnace bottom electrode. The primary charge for electric arc steelmaking is scrap steel. Generally speaking, higher carbon, nitrogen, and residue contents make the electric arc process less attractive for producing low-carbon tough steel.
As the global steel industry transitions toward green, low-carbon, efficient, and intelligent development, direct current electric arc furnaces (DC EAFs) are becoming a key area of steelmaking process upgrades. Compared to traditional AC EAFs, DC EAFs offer significant advantages, including lower electrode consumption, improved arc stability, higher energy efficiency, and more precise molten steel quality control. They are particularly well-suited for the smelting of high-value-added products such as special steels and high-quality alloy steels. Their performance in energy conservation and consumption reduction, improved smelting efficiency, and lower production costs are attracting significant attention from major global steelmakers and companies that utilize recycled steel resources.
Globally, core DC EAF companies include Steel Plantech, SMS Group, Primetals, IHI, Nippon Steel Engineering, and Danieli, with the top five companies accounting for over 60% of the market share.
Driven by the goals of achieving carbon peak and carbon neutrality, the adoption of scrap-based mini-process steelmaking is accelerating globally. As a key component of this process, market demand for DC EAFs continues to rise. Especially under the background of policy promotion and capacity structure optimization in major steel countries such as China, India and Turkey, new and renovation projects of DC arc furnaces continue to emerge, giving rise to a huge market for equipment renewal and technology upgrades.
This report aims to provide a comprehensive presentation of the global market for DC Electric Arc Furnaces, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of DC Electric Arc Furnaces by region & country, by Type, and by Application.
The DC Electric Arc Furnaces market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding DC Electric Arc Furnaces.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of DC Electric Arc Furnaces manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of DC Electric Arc Furnaces in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of DC Electric Arc Furnaces in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.