The global electrical discharge machines (EDM) market is anticipated to expand at a considerable CAGR during the forecast period, 2020–2026.
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Electrical Discharge Machine (EDM) is a non-traditional machining and electro thermal process of removing desired material from any workpiece by using electrical sparks (discharges) in between electrodes and the workpiece. Electrical Discharge Machine (EDM) is an important process during metal fabrication. The electric discharge machine is used for removing those materials which have high strength temperature resistance. Some of the equipment used in EDM are dielectric reservoir, pump, circulating system, power generator and control unit, working tank with work holding devices, and tool holder and servo system to move the tool.
The EDMs are highly useful for various end-use industries such as military and defence, medical, and automotive, and hence the market for the same is developing rapidly.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in automation and evolution of industry 4.0 are some of the key trends driving the growth of the EDM market and thus fueling the growth of the market.
- Rise in demand for EDM machines in the automotive industry is projected to boost the demand for global electric discharge machines (EDM).
- Rise in production of light vehicles and increased demand for mechanical engineering products and computerized numerical control (CNC) machines are some of the major factors which are projected to propel the demand for electrical discharge machines during the forecast period.
- Rise in sales of electrical vehicles (EV) and integration of 3D printing technology with EDM is likely to augment the market expansion in the near future.
- Lack of awareness about the benefits and usage of EDM among end-users is expected to hinder the market.
- Designing robust EDM are the major challenge to the growth of this market.
- Lack of skilled labour and high power consumption, is a key restraint of the market.
- Evolution of 5G technology and commercialization of IOT are the market opportunities for the EDM market.
- Globally, the distribution channel is widening, which is one of the positive trends that is going to foster the growth of the market during the forecast period.
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Competitive Landscape:
Prominent players operating in the global electrical discharge machines (EDM) market includes Makino Milling Machine Co. Ltd, Mitsubishi Electric Corporation, Siemens AG, Sodick Co., Ltd, CHMER EDM, Kent Industrial USA, Inc., Accutex Technologies Co., Ltd, and JOEMARS MACHINERY & ELECTRIC INDUSTRIAL CO., LTD.
The global electrical discharge machines (EDM) market has been segmented on the basis of:
Type
- Die Sinking EDM
- Wire Cutting EDM
- Small Hole EDM
Application
- Machine Shop
- Automotive
- Aerospace and Defence
- Manufacturing
- Industrial
- Healthcare
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Electrical Discharge Machines (EDM) Market Overview
- Global Electrical Discharge Machines (EDM) Market Analysis and Forecast by Type
- Global Electrical Discharge Machines (EDM) Market Analysis and Forecast by Application
- Global Electrical Discharge Machines (EDM) Market Analysis and Forecast by Sales Channel
- Global Electrical Discharge Machines (EDM) Market Analysis and Forecast by Region
- North Electrical Discharge Machines (EDM) Market Analysis and Forecast
- Latin Electrical Discharge Machines (EDM) Market Analysis and Forecast
- Europe Electrical Discharge Machines (EDM) Market Analysis and Forecast
- Asia Pacific Electrical Discharge Machines (EDM) Market Analysis and Forecast
- Middle East & Africa Electrical Discharge Machines (EDM) Market Analysis and Forecast
- Competition Landscape
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