North America Electric Arc Furnace Market Size & Outlook
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North America electric arc furnace market highlights
- The North America electric arc furnace market generated a revenue of USD 646.2 million in 2024.
- The market is expected to grow at a CAGR of 5.3% from 2025 to 2033.
- In terms of segment, ac (alternating current) eaf was the largest revenue generating furnace type in 2024.
- DC (Direct Current) EAF is the most lucrative furnace type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 646.2 million |
| Market revenue in 2033 | USD 1,013.4 million |
| Growth rate | 5.3% (CAGR from 2025 to 2033) |
| Largest segment | Ac (alternating current) eaf |
| Fastest growing segment | DC (Direct Current) EAF |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | AC (Alternating Current) EAF, DC (Direct Current) EAF |
Other key industry trends
- In terms of revenue, North America region accounted for 17.9% of the global electric arc furnace market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,638.6 million by 2033.
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Electric Arc Furnace Market Scope
Electric Arc Furnace Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Rose Corporation | View profile | 51-100 | Reading, Pennsylvania, United States, North America | https://therosecorp.com |
| Xi'an Abundance Metallurgical Equipment Co. | View profile | 251-500 | Xian, Hunan, China, Asia | https://www.aeaxa.com |
| SARRALLE | View profile | 501-1000 | Azpeitia, Pais Vasco, Spain, Europe | https://www.sarralle.com/en |
| JP Steel Plantech Co. | View profile | 251-500 | Yokohama, Kanagawa, Japan, Asia | https://steelplantech.com |
| Daido Steel | View profile | 10001+ | Nagoya, Aichi, Japan, Asia | http://www.daido.co.jp/ |
| Electrotherm | View profile | 1001-5000 | Ahmedabad, Gujarat, India, Asia | http://www.electrotherm.com/ |
| Tenova | View profile | 1-10 | Oakton, Virginia, United States, North America | https://tenovallc.com |
| Paul-Wurth | View profile | 1001-5000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.paulwurth.com/ |
| Primetals Technologies | View profile | 5001-10000 | Chiswick, Hounslow, United Kingdom, Europe | https://primetals.com |
| Danieli & C. Officine Meccaniche SpA ADR | View profile | 9732 | Via Nazionale 41, Buttrio, Udine, Italy, 33042 | https://www.danieli.com |
North America electric arc furnace market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric arc furnace market will help companies and investors design strategic landscapes.
Ac (alternating current) eaf was the largest segment with a revenue share of 63.66% in 2024. Horizon Databook has segmented the North America electric arc furnace market based on ac (alternating current) eaf, dc (direct current) eaf covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of electric arc furnace market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America electric arc furnace market , including forecasts for subscribers. This continent databook contains high-level insights into North America electric arc furnace market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America electric arc furnace market size, by country, 2021-2033 (US$M)
North America Electric Arc Furnace Market Outlook Share, 2024 & 2033 (US$M)
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