Global Electrical Discharge Machining System Market Growth 2023-2029

Global Electrical Discharge Machining System Market Growth 2023-2029

Electrical discharge machining (EDM), also known as spark machining, spark eroding, burning, die sinking, wire burning or wire erosion, is a manufacturing process whereby a desired shape is obtained by using electrical discharges (sparks). Material is removed from the work piece by a series of rapidly recurring current discharges between two electrodes, separated by a dielectric liquid and subject to an electric voltage. One of the electrodes is called the tool-electrode, or simply the "tool" or "electrode," while the other is called the workpiece-electrode, or "work piece." The process depends upon the tool and work piece not making actual contact.

LPI (LP Information)' newest research report, the “Electrical Discharge Machining System Industry Forecast” looks at past sales and reviews total world Electrical Discharge Machining System sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical Discharge Machining System sales for 2023 through 2029. With Electrical Discharge Machining System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Discharge Machining System industry.

This Insight Report provides a comprehensive analysis of the global Electrical Discharge Machining System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical Discharge Machining System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electrical Discharge Machining System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Discharge Machining System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical Discharge Machining System.

The global Electrical Discharge Machining System market size is projected to grow from US$ 2132.6 million in 2022 to US$ 2914.7 million in 2029; it is expected to grow at a CAGR of 2914.7 from 2023 to 2029.

Global Electrical Discharge Machining (EDM) key players include Mitsubishi Electric, Sodick, GF Machining, Makino, FANUC, etc. Global top five manufacturers hold a revenue sales market share over 50%. Asia-Pacific accounts for the most market share, which have a share over 40%, followed by Europe. In terms of product, Sinker EDM is the largest segment, with a share over 55%. And in terms of application, the largest application is Automotive and Production Machinery, followed by Military and Aerospace.

This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Discharge Machining System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Wire-cut EDM
Forming EDM

Segmentation by application
Automotive
Military and Aerospace
Electronics
Medical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
Sodick
GF Machining
Makino
FANUC
Seibu
CHMER EDM
ONA Electroerosion
OPS Ingesoll
Exeron
Zimmer & Kreim
Excetek
Beaumont Machine
Accutex Technologies

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electrical Discharge Machining System market?

What factors are driving Electrical Discharge Machining System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electrical Discharge Machining System market opportunities vary by end market size?

How does Electrical Discharge Machining System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.