Prof Research published a new market report on electric arc furnaces. It presents the largest 12 manufacturers in the electric arc furnaces Market. The report is a professional and in-depth study of the current state of the global electric arc furnaces market. The report provides key statistics on the market for electric arc furnaces. It is a valuable source of guidance and direction for companies and individuals interested in the electric arc furnaces industry.

The global electric arc furnaces market was valued at 498.69 million USD in 2021. The electric arc furnaces production value is anticipated to have grown with a CAGR of 4.7% in the coming years to reach 656.80 million USD in 2027.

Danieli is the world's largest manufacturer of electric arc furnaces, and it has a market share of 23.9% in value.  Its portfolio includes mines; pellet production plants; blast furnaces; direct reduction equipment; machinery for the treatment of scrap metal; steelworks for the production of liquid steel; continuous casting machinery for blooms, billets and slabs; rolling mills for long products, seamless tubes and flat products; production lines for welded tubes and flat products; plants for secondary processing, such as peeling, rolling and drawing; forging presses and manipulators; extrusion presses for ferrous and non-ferrous metals; plants for longitudinal and transversal cutting; automation and control systems, and cranes and lifting equipment. It is also active in the production and sale of special steel.

SMS Group is the world's second largest manufacturer of electric arc furnaces, and it has a market share of 18.7% in value. With more than 100 locations, SMS group is well represented in the most important markets of the steel, aluminum and copper industries.

IHI Corporation is the third largest manufacturer of electric arc furnaces in the world, and it has a market share of 13.0% in value. It operates four segments: Resources, Energy and Environment segment, Social Infrastructure and Offshore Facilities segment, Industrial Systems and General-Purpose Machinery segment, and Aero Engine, Space and Defense segment.

JP Steel Plantech is the fourth largest manufacturer of electric arc furnaces in the world, and it has a market share of 9.0% in value. JP Steel Plantech Co. (Steel Plantech) is a leading Japanese steel plant engineering manufacturer. Their portfolio covers all stages of the steelmaking process, from strategic facilities planning to after-sales services.