Submerged Arc Furnace Market - Top Companies and Manufacturers

  • Report ID: 6765
  • Published Date: Dec 02, 2024
  • Report Format: PDF, PPT

Companies Dominating the Submerged Arc Furnace Landscape

    Key players in the submerged arc furnace market are employing strategies such as continuous technological innovations, strategic collaborations, regional expansions, and mergers & acquisitions to earn high profits. Leading companies are integrating advanced sensors, process control systems, and smart technologies to enhance the capabilities of their submerged arc furnace. By this move, they are expected to attract a wider consumer base leading to high revenue growth.

    Industry giants are collaborating with other players and tech firms to improve the design and features of submerged arc furnace. Strategic collaborations often aid in boosting submerged arc furnace market reach and in the introduction of advanced solutions. Furthermore, entering into high-potential markets is set to maximize their profits by tapping new opportunities.

    Some of the key players include in submerged arc furnace market:

    • Danieli Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • SMS Group GmbH
    • Tenova
    • Doshi Technologies Pvt. Ltd.
    • Electrotherm Limited
    • Hatch Ltd.
    • Metso Corporation
    • ArcelorMittal S.A.
    • Paul Wurth S.A.
    • Primetals Technologies Limited
    • Xi’an Abundance Electric Technology Co., Ltd.
    • CHNZBTECH
    • Dalian Huarui Heavy Industry Group Co., Ltd
    • Shanghai Electric Group Co., Ltd.
    • Thermtronix Corporation
    • Thyssenkrupp Industrial Solutions AG

Browse Key Market Insights with Data Illustration:

In the News

  • In July 2023, Tenova announced that it received a contract from ORI Martin to replace its Electric Arc Furnace at its mill in Italy. ORI Martin is enhancing its high-quality steel production through the use of Tenova’s arc furnace.
  • In June 2023, ArcelorMittal S.A. announced its plans to invest in a new electric arc furnace at its Belval plant in Luxembourg, Europe. This investment is part of an MOU signed by the company with the local government to get financial support.

Author Credits:  Richa Gupta


  • Report ID: 6765
  • Published Date: Dec 02, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global submerged arc furnace market will be valued at USD 1.2 billion in 2025.

Expanding at a CAGR of 4.6%, the global market is expected to increase from USD 1.1 billion in 2024 to USD 2.1 billion by 2037.

Some leading companies are Danieli Group, Siemens AG, SMS Group GmbH, Tenova, and Doshi Technologies Pvt. Ltd.

The AC submerged arc furnace segment is estimated to capture a high 71.4% of the market share through 2037.

Asia Pacific is anticipated to hold 47.6% of the global market share through 2037.
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