Electrical Discharge Machine (EDM) Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

The electrical discharge machine is an electrical device that is used to remove the metallic materials from a conductive workpiece using electric sparks. The electrical discharge machine includes machining of materials like metals, graphite, alloys, and others. The components that are needed for machining are an electrode, a conductive workpiece, a dielectric fluid, and electricity. This machine is categorized into three types, which include die sinker EDM, wire cutting EDM, and hole drilling EDM. Unlike the traditional process, EDM does not need any mechanical force for the removal of materials. In the making of hard substances like tools and mold, EDM is used as the desired shapes are very difficult to achieve through the traditional process.

COVID-19 scenario analysis:

• The demand for the electrical discharge machine is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from electronics and automotive industries.
• COVID-19 pandemic has halted the production of various products in the automotive industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of electronic discharge machine market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which is negatively affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The increase in automation in the industries has become a major growth driver for the EDM market. Further, the increase in technology like cloud computing, industrial internet of things, and others have a major contribution in driving the market of EDM. The hard metals like titanium that are very difficult to cut through the milling process are also increasing the demand for the electric discharge machine market. EDM is a multipurpose machine that can be used for eroding, milling, cutting, cleaning, and others simultaneously. The Asia Pacific is the emerging region and the high demand for industrial activities and the automation industry is considered to drive the EDM market. North America region having the largest market share in the Electrical discharge machine as there is significant growth in the manufacturing of hard tools which also drives the EDM market as EDM helps in cutting these hard tools into the desired shape. EDM machines are widely used in automotive industries as the demand for lightweight vehicles are also increasing rapidly. EDM can use its mechanized process and help in shaping the metals in the industries. 

However Electrical discharge machining is a slow method in comparison to the traditional milling which is a major factor that can hamper the growth of the market. Contrarily, the requirement for Electrical discharge machines in automotive industries, aerospace industries is providing new pathways for the EDM market.

The global Electrical discharge machine market trends are:

New product launches to flourish the market

The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. 

In July 2018, FANUC launched a new wire EDM machine α-C800iB which is compact and high-performance wire cutting EDM machine. It uses 0.1 mm - 0.3 mm diameter wire to process 300 mm thick workpiece. It is built in CORE- STITCH function which allows to users for high precision cutting of metals.

Growing demand from industrial applications 

Presently, manufacturers are producing new products based on new industry evolution 4.0. Growing demand for automated machines in the industries is also increasing the demand for EDM machines. For example in the aerospace industry, Electrical discharge machines are used for the production of aircraft. In the automotive industry, EDM are used for cutting metals that are used in the production process of light motor vehicles. Wired EDM machines are used in the jet engines for drilling of small holes that allow the gases to flow through this small holes, thus maintaining the heat of the engine. Thus, with growing demand in this industry, the growth of the electrical discharge machine market would pace up.

Key benefits of the report:

• This study presents the analytical depiction of the electrical discharge machine market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the electrical discharge machine market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the electrical discharge machine market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.  

 Key Market Segments

 
Key Market Players

• Eaton and Enico
• Abel Womack
• 360Connect
• LP.
• DEWALT.
• McGrath RentCorp.
• Mobile Mini Inc.
• Montel Inc.
• Nadler Modular
• Spacesaver Corporation.
• StoragePug
• TAB.
• Templestock Limited.
• WillScot.