Code: MTA6468 | Publication Date: Jul 2025 |
Mainly, the market is driven by rising use of scrap in steel recycling, stricter environmental rules, and investments in cleaner production technology. The lower carbon emissions of EAF which is up to 80% than conventional blast furnaces, makes them attractive for steelmakers pushed by regulatory pressure and carbon pricing.
Particularly from Asia-Pacific, the demand is huge which accounted for over half the market share in 2024, as countries rush to decarbonize rapidly growing steel industries. Other factors contributing in this trend include rising investments in manufacturing automation, integration with renewable power sources, and growing use of direct reduced iron (DRI) in combination with EAFs for higher steel quality.
Company Name | Electrotherm (India) Ltd. |
Establishment Year | 1983 |
Headquarters | Ahmedabad, Gujarat, India |
Official Website | Click Here |
Electrotherm is a leading Indian manufacturer of electric arc and induction furnaces. It supplies turnkey steelmaking solutions and caters to mini-steel plants and foundries across India and abroad.
Company Name | Primetals Technologies Limited |
Establishment Year | 2015 |
Headquarters | London, United Kingdom |
Official Website | Click Here |
Primetals, a joint venture of Mitsubishi Heavy Industries and partners, designs state-of-the-art electric arc furnaces. It focuses on decarbonization, advanced control systems, and integration with smart steel plants.
Company Name | Steel Plantech Co. |
Establishment Year | 2001 |
Headquarters | Yokohama, Japan |
Official Website | Click Here |
Steel Plantech provides innovative steel production equipment including EAFs with advanced environmental and energy-saving technologies. The company serves major steel producers across Asia and the Middle East.
Company Name | Doshi Technologies Pvt. Ltd. |
Establishment Year | 1996 |
Headquarters | Mumbai, Maharashtra, India |
Official Website | - |
Doshi Technologies manufactures electric arc and induction furnaces for steel, alloy, and non-ferrous metal industries. It offers customized designs and modern control systems for mid-sized steel plants.
Company Name | Mechatherm International Ltd. |
Establishment Year | 1973 |
Headquarters | Halesowen, United Kingdom |
Official Website | Click Here |
Mechatherm provides thermal engineering solutions including electric arc furnaces mainly for aluminum and non-ferrous applications. Its systems are used in recycling, billet casting, and secondary metal production.
Company Name | Inductotherm Corp. |
Establishment Year | 1953 |
Headquarters | Rancocas, New Jersey, USA |
Official Website | Click Here |
Inductotherm manufactures melting systems including arc and induction furnaces for metal producers. It operates globally through subsidiaries and offers tailored solutions for steel, copper, and aluminum melting.
Company Name | GHI Smart Furnaces |
Establishment Year | 1937 |
Headquarters | Bilbao, Spain |
Official Website | Click Here |
GHI designs and manufactures electric arc furnaces for ferrous and non-ferrous metallurgy. It specializes in energy-efficient, digitally monitored systems and offers full plant automation and maintenance solutions.
Company Name | Danieli & C. Officine Meccaniche S.p.A. |
Establishment Year | 1914 |
Headquarters | Buttrio, Italy |
Official Website | Click Here |
Danieli is one of the most prominent manufacturers of electric arc furnaces for steelmaking. The company offers a full range of EAFs with advanced automation, energy efficiency, and flexible scrap melting technology.
Company Name | SMS group GmbH |
Establishment Year | 1871 |
Headquarters | Düsseldorf, Germany |
Official Website | Click Here |
SMS group designs and supplies innovative EAFs for steel and alloy production. Its furnaces are known for high productivity, low energy consumption, and digital integration with steel plants worldwide.
Company Name | Tenova S.p.A. |
Establishment Year | 1988 |
Headquarters | Castellanza, Italy |
Official Website | Click Here |
Tenova, part of the Techint Group, provides electric arc furnaces and associated steelmaking equipment. It is known for its Consteel EAF technology that continuously feeds scrap for improved energy recovery and efficiency.