Global Wire Electrical Discharge Machine (EDM) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wire Electrical Discharge Machine (EDM) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wire Electrical Discharge Machines (WEDM) are a kind of electrical discharge machines which the basic working principle is to use a continuous moving thin metal wire (called electrode wire) as the electrode, and the work piece is subjected to pulsed spark discharge to remove metal and cut into shape. WEDM technology is a kind of special processing which is different from the traditional processing technology that requires the removal of mechanical and mechanical energy. It mainly uses electrical energy to realize the processing of materials. Therefore, the WEDM technology is not limited by the material properties and can process any material with hardness, strength, and brittleness, which occupies an important position in the machining process at this stage.

Market Overview:

The latest research study on the global Wire Electrical Discharge Machine (EDM) market finds that the global Wire Electrical Discharge Machine (EDM) market reached a value of USD 1292.21 million in 2022. It’s expected that the market will achieve USD 1897.24 million by 2028, exhibiting a CAGR of 6.61% during the forecast period.

Drivers

In developing market, with their development of economy, demanding for the more consumer electronics, automobiles, medical equipment, many local businesses emerged to the market, updating their technology and keep on product innovation, which increased the penetration of more productive and cost-effective, fuel-efficient and environmental-friendly wire electrical discharge machines.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for wire electrical discharge machines.

Opportunities

Improved performance, precision miniaturization, intelligence, personalization, environmental protection and high efficiency development trend.

In the future, the manufacturers tend to improve its machine productivity and create competitive advantage, such as more user friendly and field adjustable, giving the user more direct control, adjustability of performance parameters, increasing operator feedback, and achieving greater machine performance at a cost-effective price point.

Region Overview:

Japan had the highest growth rate of all regions.

Company Overview:

Sodick is one of the major players operating in the Wire Electrical Discharge Machine (EDM) market, holding a share of 10.80% in 2022.

Sodick Co., Ltd. develops, manufactures, and sells numerical control electric discharge machines (EDMs). It operates through Machine Tool, Industrial Machinery, Food Processing Machinery, and Other segments. The company offers machine tools, such as die-sinker, wire-cut, and small-hole drilling EDMs; milling centers; precision metal 3D printers; and CAD-CAM, nano, and electron beam PIKA finish machines.

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switches, switch control and display devices, surveillance-system control and security systems, locomotive and rolling stock electrical equipment, elevators, escalators, building security and management systems, particle therapy systems, and others. It also provides programmable logic and computerized numerical controllers, inverters, servomotors, human-machine interface, hoists, magnetic switches, time and power meters, uninterruptible power supply, industrial fans, electrical-discharge and laser processing machines, industrial robots, clutches, automotive electrical equipment, car electronics and mechatronics, and car multimedia.

Segmentation Overview:

Among different product types, High Speed Wire EDM segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Wire Electrical Discharge Machine (EDM) market covered in Chapter 3:

Mitsubishi Electric
CHMER
Suzhou Baoma Numerical Control Equipment
MAX SEE INDUSTRY
Suzhou Sanguang Science&Technology
AccuteX
Sodick
FANUC
Kent Industrial
GF Machining Solutions
Makino Milling Machine
Joemars
Aristech

In Chapter 4 and Chapter 14.2, on the basis of types, the Wire Electrical Discharge Machine (EDM) market from 2018 to 2029 is primarily split into:

Nano Sized Wire EDM
Micro Wire Wire EDM
High Speed Wire EDM

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wire Electrical Discharge Machine (EDM) market from 2018 to 2029 covers:

Automotive
Aerospace
Military Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)