Electrical Discharge Machine Market Analysis, Drivers, Restraints, Threats & Growth Forecast To 2031
- March 17, 2023
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The global electrical discharge machine market was valued at nearly USD 5.91 billion in 2021 and is expected to increase to nearly USD 8.21 billion by 2028, with a CAGR of around 7.2 percent over the forecast period. The study examines the market’s drivers, constraints, and challenges, as well as the impact they have on the demand throughout the forecast period. In addition, the study looks into the new potential in the market for electrical discharge machines.
EDM is a thermal method that uses cyclic discharge sparks in the space between an electrode and a conductive surface to remove undesired material. This approach is commonly used to process refractory metals and composite materials that are difficult to machine using traditional machining methods. Only electrically conductive materials can be processed by EDM. EDM, for example, can remove metallic materials such as Ti alloys, hardened steel, and superalloys quickly and without the need for pretreatment like thermal softening. EDM is now used in the eroding of PCBN, ceramic materials, and PCD, which considerably boosts the material removal rates of these difficult-to-machine materials.
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Due to the government’s shutdown and poor demand from the electronics and automotive industries, demand for the electrical discharge machine declined in 2020. Also, due to the protracted lockdown in key worldwide countries, the COVID-19 pandemic halted the manufacture of a variety of automobile items. This has slowed the growth of the global electronic discharge machine market in the last two years. The large need for equipment and machinery was previously observed in big manufacturing nations such as the United States, Germany, Italy, the United Kingdom, and China, which has been badly affected by the spread of coronavirus, stopping the demand for equipment and machinery in 2020.
Market Growth Dynamics
Due to changing component quality requirements and changes in industry standards, the manufacturing sector is evolving at a rapid rate. This is pushing industry participants to adapt and employ electric discharge machines for production applications such as wire cutting, manufacturing of highly precise gears & components, and precision machining of particular parts. Over the projected period, this aspect will drive market expansion. Furthermore, the skill gap is developing among workers who want to expand and improve their technical knowledge by using high-durability, high-quality materials to produce a product that meets industry requirements. As a result, this aspect is also helping to fuel demand for this equipment, resulting in a boom in market growth. Moreover, market participants are active and engaging in the market by developing new and improved goods to meet the growing demand from various end-user industries, hence strengthening their market position and contributing to market growth. For instance, GF Machining Solutions, which manufactures and sells engineering solutions to a variety of end-user sectors, unveiled the debut of their new product, the “Agie Charmilles Cut P 500 Pro Wire-Cutting EDM,” in 2019.
Because the wire cut EDM technique eliminates material with electrical charges, it can only be used on workpieces that are electrically conductive. Due to this EDM cannot be utilized to machine composite or dielectric materials. When using wire EDM cutting with certain metals, a film of oxide can form on the cut surface, which needs to be wiped to retain optimal quality. Components and parts that cannot be held securely without sacrificing their form are also a challenge for electric discharge machining. Delicate tube sections, for example, might bend while being secured for EDM cutting, causing extra quality difficulties and disrupting production. These factors are likely to hamper the global electrical discharge machine market growth.
The Global Electrical Discharge Machine Market is Segmented on the basis of Product Type, Application, And Geography.
Electrical Discharge Machine Market, By Product Type
• Sinker EDM
• Wire EDM
Electrical Discharge Machine Market, By Application
• Die Making
• Mold Making
• Hole Drilling
Electrical Discharge Machine Market: Competitive Landscape
Major players operating in the global electrical discharge machine market include Adron Tool Corporation, AAEDM Corporation, Excetek Technologies Co., Ltd., Accutex Technologies Co., Ltd., GF Machining Solutions Management SA, OSCARMAX EDM, Mitsubishi Electric Corporation, and Kent Industrial USA, Inc.
Europe to lead the global market during the forecast period.
The global electrical discharge machine market is dominated by North America and Europe. The domination of the European market is mainly linked to the significant expansion of end-use sectors such as automotive and aerospace, as well as the resulting boost to the region’s tool-making industry. The tools and molding industry is undergoing a positive response in terms of revenue and exports, as per the Machining Association (ISTMA) and International Special Toolin, as companies in European countries such as Portugal invest heavily in new technologies to ensure flexible solutions to their clients. Asia Pacific on the other side is expected to offer more lucrative growth opportunities for the market expansion. This is due to the rising industrial base backed by the increased use of automation across various sectors in countries such as India, China, Japan, and Australia.
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● In October 2021, GF Machining Solutions promoted EDM technologies to assist manufacturers to boost productivity and precision. These EDM machines for die-sinking and wire-cutting, as well as strong solutions for the mold and die sector, provide operational accuracy, excellent component quality, and automated choices.
● In Oct 2021, Beaumont Machine offered Small Hole EDM to SpaceX. SpaceX, a new customer for Beaumont Machine, has a new Beaumont small hole machine with an eight-foot diameter and eight-foot height reach.
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