Electrical Discharge Machine (EDM) Market Industry Insights, Trends, and Forecasts to 2030
Data Bridge Market Research analyses that the electrical discharge machine (EDM) market which was USD 6.20 Billion in 2022, is expected to reach USD 9.73 Billion by 2030, growing at a CAGR of 5.80% during the forecast period of 2023 to 2030.
Industry Analysis
The essential factors contributing to the growth of global electrical discharge machine (EDM) market in the forecast period of 2023 are the rise in automation in the industries. Furthermore, the growth in technology such as cloud computing and the industrial internet of things is further anticipated to propel the growth of the global electrical discharge machine (EDM) market.
Data Bridge Market Research analyses that the electrical discharge machine (EDM) market which was USD 6.20 Billion in 2022, is expected to reach USD 9.73 Billion by 2030, growing at a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The electrical discharge machine can be referred to as an electrical device that is utilized to eliminate the metallic materials from a conductive workpiece utilizing electric sparks. The electrical discharge machine comprises machining of materials such as graphite, metals, alloys, and so forth. The components that are required for the machining are a conductive workpiece, an electrode, electricity, and dielectric fluid.
Global Electrical Discharge Machine (EDM) Market Scope
The global electrical discharge machine (EDM) market is segmented on the service, type, application and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
• Personalized Service
• Managed Service
• Others
Type
• Die Sinking Electrical Discharge Machine
• Wire Cutting Electrical Discharge Machine
• Small Hole Electrical Discharge Machine
Application
• Security
• Containers
• Portable Classrooms
• Others
Industry Vertical
• Automotive
• Aerospace and Defense
• Manufacturing
• Healthcare
• Others
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-electrical-discharge-machine-edm-market
Global Electrical Discharge Machine (EDM) Market Regional Analysis/Insights
The global electrical discharge machine (EDM) market is analyzed and market size insights and trends are provided by country, service, type, application and industry vertical as referenced above.
The countries covered in the global electrical discharge machine (EDM) market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa.
Europe dominates the global electrical discharge machine (EDM) market due to the occurrence of major key players. Furthermore, the rise in equipment and machinery will further boost the growth of the global electrical discharge machine (EDM) market in the region during the forecast period.
Asia-Pacific is projected to observe a significant amount of growth in the global electrical discharge machine (EDM) market due to the rise in the applications of electrical discharge machines.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electrical Discharge Machine (EDM) Market Share Analysis
The global electrical discharge machine (EDM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to conducting global electrical discharge machine (EDM) market.
Some of the major players operating in the global electrical discharge machine (EDM) market are:
• Mitsubishi Electric Corporation (Japan)
• Makino (Japan)
• Sodick Co., Ltd. (Japan)
• FANUC CORPORATION (Japan)
• GF Management SA (Switzerland)
• CHMER EDM (Taiwan)
• Seibu Electric & Machinery Co. (Japan)
• AgieCharmilles (Switzerland)
• ONA Electroerosión S.A. (Spain)
• Japan PROCESS DEVELOPMENT CO., LTD. (Japan)
• Mitsubishi Electric Automation, Inc. (U.S.)
• Brother Industries, Ltd. (Japan)
• Kent Industrial Co., Ltd. (Taiwan)
• FANUC America Corporation (U.S.)
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MAJOR TOC OF THE REPORT
➢ Chapter One: Introduction
➢ Chapter Two: Market Segmentation
➢ Chapter Three: Market Overview
➢ Chapter Four: Executive Summary
➢ Chapter Five: Premium Insights
➢ Chapter Six: Global Electrical Discharge Machine (EDM) Market by Product & Procedure type
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