The Global Market for Electrical Discharge Machines is Projected to Reach US$7.5 Billion by 2024
Technology Improvements and Improving Manufacturing Outlook
Drive the Global Electrical Discharge Machines Market, According to a New
Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Electrical Discharge Machines market. The global market for Electrical Discharge Machines is
projected to reach US$7.5 billion by 2024, driven by continuous technology innovations, rising plant capacity
utilization rates against the backdrop of improving manufacturing outlook.
Metal shaping and forming processes, comprising casting,
molding, forging, extrusion, particulate processing and metal removal; represent
the most basic processing activity widely common in virtually all manufacturing
processes. Metal removal is a machining process whereby layers of metal are
removed from the workpiece to improve the basic shape and ensure conformance to
the original prototype workpiece. Growing demand for complex geometric shapes
and sizes of components in various end-use sectors is spurring the importance
of modern metal removal technologies based on chemical, electrical, or thermal
energy. In this regard newer machining technologies like Electrical Discharge
Machines (EDM) have made a significant impact on the machine tools industry. Defined
as tooling equipment that utilizes electrical discharges or sparks that remove
metal by melting, EDM are widely popular in machining complex shapes. Key
advantages of EDM that have helped establish their use as a standard in
machining hard material include high levels of dimensional accuracy and good
surface finish, elimination of costs associated with tool wear, and compatibility
with all electrically conductive materials.
The
cautious and tempered optimism in global production output and capacity
utilization rates provide a fertile ground for short-term increase in new
orders for tooling and workholding equipment including EDM. Technology
developments in micro & nano EDM are also spurring opportunities for the
use of EDM in the microelectronics sector. The development of compact micro EDM
machine is helping expand applications in machining of both semiconductor and
non-semiconductor materials. Stringent
regulations and tougher compliance norms, technology advancements, quality
improvements and demand for low cost, value added products, are exerting
increased pressure on manufacturing excellence and quality. Technology
developments in medical prosthetic devices are creating machining and
manufacturing challenges, which are poised to benefit the EDM market. Continued
advancements in material science and engineering are opening new opportunities
for the use of EDM, as new materials like titanium and carbon fiber are
increasingly being used to make prosthetics lighter and aesthetically closer to
natural limbs and organs.
Mass production of automobiles and automation of assembly
line operations have over the last decades expanded the use of electrical
discharge machines, especially CNC EDM in auto production plants for
fabrication applications. The stable outlook for the automotive industry is
poised to spur gains for EDM in fabrication of automotive parts and components.
While EDM is
currently the machining technology of choice for modern generation of smaller
parts and components made from smarter materials, the disruptive evolution of
ultrafast laser micro machining is now emerging as a threat to EDM in
industrial applications. The need for flexible, reliable, high throughput
technologies for moldmaking and diecasting is also throwing the spotlight on
high speed milling (HSM) as an effective substitute for EDM.
As stated by the new market
research report on Electrical Discharge Machines, Asia-Pacific represents largest and the fastest growing market worldwide, exhibiting a CAGR of 8.3% over the analysis period. The Chinese EDM industry, the largest individual
market in the world, registered significant growth in recent years due to the
advancements in wire and RAM EDM equipment. Recent developments in CNC RAM EDM in China led to
remarkable capital as well labor cost savings. Despite the tough competitive
threat from newly emerging high-performance milling and rapid tooling
processes, EDM has managed to maintain a dominant position in the Chinese mold
making industry.
Major players in the market
include AAEDM
Corp., AccuteX Technologies Co. Ltd., Beaumont Machine, CHMER EDM, Excetek
Technologies Co. Ltd., GF Machining Solutions Management SA, Kent Industrial
USA Inc., KNUTH Machine Tools, Makino Milling Machine Co. Ltd., MC Machinery
Systems Inc., ONA Electroerosion S.A., and Sodick, Inc., among others.
The research report titled “Electrical Discharge Machines: A Global Strategic Business
Report” announced by Global Industry
Analysts Inc., provides a comprehensive
review of market trends, drivers, company profiles, mergers, acquisitions and
other strategic industry activities. The report provides market estimates and
projections in value (US$) for all major geographic markets such as the US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of
Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of
Latin America). The report additionally analyzes the US EDM Market by the
following types – RAM, and Others (Wire and Small Hole).
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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