Electrical Discharge Machine Market - Global Industry Analysis

Electrical Discharge Machine Market By Type (Sinker EDM, Wire EDM), By Application (Die Making, Mold Making, Hole Drilling, Others), By End-User Industry (Manufacturing, Energy & Power, Electrical & Electronics, Healthcare, Automotive), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Apr-2022 Category: Semiconductor & Electronics Report Format : PDF Pages: 140 Report Code: ZMR-3323 Status : Published

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.

Description

Industry Prospective:

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.

Electrical Discharge Machine Market: Overview

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.

COVID-19 Impact:

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.

Electrical Discharge Machine Market: Growth Drivers

Increasing need for precision in diverse component manufacturing may boost the market growth over the forecast period.

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.

Global Electrical Discharge Machine Market

Electrical Discharge Machine Market: Restraints

Disadvantages with the EDM may hamper the market growth.

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.

Electrical Discharge Machine Market: Opportunities

Increasing demand from medical device manufacturers offers a better growth opportunity for the expansion of the market.

The fact that the cutting wire never contacts the workpiece means that there are no stresses introduced into the component is a major benefit of the EDM process. As a consequence, medical device makers may utilize EDM to create slots, grooves, and eyelets in machined parts while putting the least amount of stress on them. EDM's high-quality finish is another advantage. Wire cutting produces smooth, burr-free surfaces while maintaining tight tolerances. Wire EDM may also be used to manufacture very tiny eyelets and through-slots in medical devices, which are impossible to machine with conventional centers. These factors are strongly supporting the use of EDM in the medical device manufacturing industry.

Electrical Discharge Machine Market: Challenges.

Electrical discharge machine is a more expensive process compared to turning or milling posing a challenge to market growth.

The overall EDM process adds extra cost to the product due to the slow rate of material removal and the additional cost and time used for producing electrodes for Sink or Ram EDM. Also, reproducing sharp corners on the workpiece is difficult due to electrode wear. These factors add extra cost to the process which poses a major challenge to the use of EDM in small-scale industries.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Electrical Discharge Machine Market: Segmentation

The global electrical discharge machine market is segregated based on type, application, end-user, and region. Based on type, the market is categorized into sinker EDM and wire EDM. By application the market is bifurcated into mold making, die making, hole drilling, and others. The end-User segment of the market is divided into energy & power, manufacturing, automotive, electrical & electronics, and healthcare.

Recent Developments

  • 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.

Electrical Discharge Machine Market: Regional Landscape

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.

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.

Global electrical discharge machine market is segmented as follows:

By Type

  • Sinker EDM
  • Wire EDM

By Application

  • Die Making
  • Mold Making
  • Hole Drilling
  • Others

By End-User

  • Manufacturing
  • Energy and Power
  • Electrical and Electronics
  • Healthcare
  • Automotive

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

Electrical discharge machining (EDM) is a process that removes material from a surface of the workpiece by local melting or vaporizing small areas. It is also known as arc machining spark eroding or spark machining. 

Benefits offered by EDM over any other heavy machine tools such as effective drilling and ability to design any complex shape are majorly driving the electrical discharge machine market. Die sinking electrical discharge machining (EDM), an existing manufacturing technology is widely disseminated in various industrial applications such as metal molding. By opting EDM process, featured accurate product design parameter allows the product to obtain the desired shape with quality. Continuous R&D in the technology has led to the formation of die sinking EDM machines that are specifically designed to assemble complex shape such as creating sharp edges inside corners. Additionally, milling the required shape is unachievable with CNC machines owing to which electrical discharge machines are highly preferred. 

Global Electrical Discharge Machine Market

High-energy consumption due to multiple stages involved in the procedure can outweigh the technical advancement of these machines, resulting in slowdown growth of electrical discharge machine market.  

Integration of EDM with PLC (Programmable Logic Controller) is anticipated to create broad avenues in the upcoming years. PLCs are used in the industrial sector for the enhancement of the production process. Integrating EDM with PLC will enhance the operational efficiency. In this system, existing tool position of die sinking EDM and the DC power supply from the capacitor would act as an input to PLC. Discharging the current for spark is the most influencing process parameter of the electric discharge machine.  Integration with PLC offers numerous advantages such as increased reliability, lower cost, more flexibility, and communication capability with other computers to perform functions such as data gathering, supervisory control, monitoring devices, and faster response time, and easy troubleshooting.

The global electrical discharge machine market is fragmented on the basis of product, end-user industry, and geography. Die sinking EDM, wire cutting EDM, and small-hole EDM are product segments in the market. Die sinking is projected to hold significant share during the forecast period. End-user industries involved in the market include aerospace and defense, manufacturing, automotive, healthcare, and others. Accelerating mining sector and industrial production have led end-user industry segment to account for the largest share comparatively. Based on regional analysis, the electrical discharge machine market is divided into five regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa along with further country-wise segmentation. High demand of automation industry and industrial production in developing countries like China and India has led Asia Pacific to be the largest shareholder. Manufacturers are focusing on technological developments and innovation for automotive application segment. 

Numerous renowned players are even investing in research and development to enhance their product quality. Major manufacturers involved in electrical discharge machine market are Aristech, CERATIZIT, CHMER, EchoENG, EXERON, GF Machining Solutions, Heun Funkenerosion GmbH, OEMARS, KAAST Machine Tools Inc., and Kent Industrial.

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FrequentlyAsked Questions

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 and 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.

 

According to the Zion Market Research report, the global electrical discharge machine market was worth about 5.91 (USD billion) in 2021 and is predicted to grow to around 8.21 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 7.2 percent.

The market for electrical discharge machines 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.

 

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.

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