The Global Electric Arc Furnace Market
According to the latest study from USA-based company BCC Research LLC, the “Global Market for Electric Arc Furnace” is projected to reach 1.1 billion US-Dollar by the end of 2030, with a CAGR (compound annual growth rate) of 5.6 percent from 2025 to 2030.
The market researchers used 2024 as the base year, 2025 as the estimated year, and projected market values through 2030 in nominal US-Dollars. As reported, the international market is set to surge globally as the steel industry embraces green solutions. Key drivers would include the increasing use of EAF in steel production and the growing emphasis on scrap recycling. “Asia-Pacific is the leader in the global EAF market due to rapid urbanization, industrialization, and large-scale steel production in countries such as China, India, and Japan,” BCC Research informed. “The region’s strong manufacturing base, abundant scrap metal availability, and supportive government initiatives are expected to drive its growth.”
(Published in GLOBAL RECYCLING Magazine 1/2026, Page 37)
