Global Electric Discharge Machines Market: Overview
According to a new market report regarding the world Electric Discharge Machine (EDM) Market published by Transparency Market Research, the global electric discharge machine market is expected to reach a value of 6.1 billion USD through 2027. Electric Shock Machine Market is expected to grow at a CAGR of ~6% of 2019 at 2027, in terms of volume. The growth of the electric discharge machine market can be attributed to the growing need for EDM for the development of high-end machining designs in various industries. Asia-Pacific is expected to dominate the global electric discharge machine market followed by North America during the forecast period.
Electric Discharge Machines Market Expected to Grow Due to Future Industry 4.0 Dominance
Industry 4.0, widely known as the smart factory, is seen as the fourth era in the industry that fuses automation and IT, which may lead the manufacturing industry to switch from machine tools. to high quality assurance tools. Industry 4.0 includes cyber-physical systems, factory simulation, autonomous robots, cloud computing, Internet of Things (IoT), cognitive computing and additive manufacturing. Industry 4.0 can help simulate, design and support physical processes in manufacturing plants with electric discharge machines for greater cost-effectiveness. It also combines an array of modern automation, intelligence, manufacturing technologies and data exchange.
In addition, Electric Discharge Machines (EDM) are preferred in the manufacture of high efficiency machinery or equipment in manufacturing plants to reduce labor costs (compared to conventional machining practices) , while improving the quality of products, which can be used to meet the needs. in Industry 4.0 around the world.
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Electric Discharge Machines Market: Regional Outlook
In terms of region, the global electric discharge machine market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific has dominated the global electric discharge machine market, accounting for a substantial share of 2019with China and India being the main markets in the region. The Asia-Pacific Electric Discharge Machine Market is expected to grow at a CAGR of ~7%, in terms of volume, during the forecast period owing to well-established manufacturers of electric discharge machines, such as Mitsubishi Electric Corporation, Sodick Co., Ltd., FANUC Corporation and Sparkonix (India) Pvt. Ltd., in the region. The electric discharge machine market in Europe, Middle East & Africa and South America is also expected to grow at a moderate pace during the forecast period.
The report provides in-depth analysis of the global Electric Discharge Machines market segments, thereby providing valuable insights at both macro and micro level. The analysis of major countries, which offer growth opportunities or represent a significant market share, has also been included as part of the regional analysis of the Electric Discharge Machine Market.
Electric Discharge Machines Market: Competitive Dynamics
The research study includes profiles of major companies operating in the global Electric Discharge Machine market. The main players described in the report include Mitsubishi Electric Corporation, Sodick Co., Ltd., Makino Milling Machine Co. Ltd., Sparkonix (India) Pvt. Ltd., FANUC CORPORATION, Georg Fischer AG, Excetek Technologies Co., Ltd, AccuteX Technologies Co., Ltd., Astro Machine Works, Inc., KNUTH Werkzeugmaschinen GmbH and Ona Electroerosion, SA
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Electric Discharge Machines Market: Segmentation
- Electric Discharge Machines Market, By Product
- Die-sinking EDM
- Wire EDM
- Small hole drilling EDM
Electric Discharge Machines Market, By End Use Industry
- Aerospace and Defense
- Health care
- Consumer goods
- Electrical and electronic
Electric Discharge Machines Market, By Region
- North America
- The rest of europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of the Middle East and Africa
- Latin America
- Rest of Latin America
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