Increasing use of complex materials in production spurs demand for electrical discharge machines.
The global market for EDMs is projected to reach €8.0 billion by 2020, driven by the increasing use of complex materials in production such as alloys, composites, and ceramics.
Defined as a production and tooling equipment for metal removal, EDM is forecast to witness strong growth. Metal shaping represents the most basic processing activity, widely common in all manufacturing processes. Growing demand for complex geometric shapes and sizes of components in various end-use sectors is spurring the importance of modern metal removal technologies based on chemical, electrical, and thermal energy. In the medical device industry, the growing popularity of minimally invasive surgical tools is resulting in unique and complex device shapes that create machining challenges that make traditional technologies unsuitable. EDM-ing, throughout the last decade, has made a significant impact on the machine tools industry. Rising cost of tooling & machining and increased pressure to remain competitive, represent factors fueling interest in efficient, and effective metal removal technologies like EDM.
In contrast to conventional cutting tools, the low wear and tear of EDM is driving its adoption across diverse industry verticals including medicine and aerospace. In the medical device manufacturing end-use sector, use of EDM based machining is benefitting from the growing demand for bio-implants in the field of orthopedics, cardiology, dentistry, and ophthalmology. Also, aerospace component manufacturers are increasingly relying on EDM hole drilling technologies to manufacture complex precision parts in complex shapes. In the coming years, steady automobile production is poised to spur demand for EDM, especially computer numerical control (CNC) EDM in fabrication of automotive parts and components. The global shortage of skilled labor is driving demand for automated CNC EDM, which are computer assisted machines that automatically control the machining process for greater accuracy and precision, while simultaneously reducing human intervention. Despite the opportunities for growth, the market will continue to witness challenges such as growing threat of substitution from high speed milling (HSM) and ultrafast laser micro machining.
Asia-Pacific represents the largest and the fastest growing market worldwide, with a CAGR of 11.4% over the analysis period. The growth in the region is led by broad economic factors such as rapid industrialization, increasing government focus on infrastructure development, expanding manufacturing base, rising income levels, and strong consumer demand for goods and services.
UHMC machines are equipment comprising of electrical discharge machining (EDM) and laser cutting machines, which are used to cut ultra-hard materials (whose hardness value exceeds 40 gigapascals), such as polycrystalline diamond or polycrystalline cubic boron nitride. The manufacturing industry has experienced radical changes in processes that are used for fabricating and engineering products. Earlier, goods were produced manually. Subsequently, with advances in technology, machines were used to build goods.
Industry analysts forecast the global ultra hard material cutting machine Market to grow at a CAGR of 10.07% during the period 2018-2022.
Of course, many organizations are looking even further ahead into the next decade. For example, a recent report by Transparency Market Research (TMR) predicts that the ultra-hard material cutting machine USA market will be worth USD $1.81 billion by 2024. The global ultra-hard material cutting machine market primarily encompasses electrical discharge machines (EDM) and laser cutting machines.
The market was valued at $730 million in 2015, meaning that it is expected to expand at a compound annual growth rate of 10.8 percent from 2016 to 2024. In terms of volume, the market is expected to reach 6,661 units by the end of 2024.
Electrical discharge machines (EDM) market is projected to witness a compound annual growth rate of 7.20% during the forecast period, reaching a total market size of US$6.077 billion in 2023 from US$4.005 billion in 2017.
Rising demand for medical implants is driving the use of EDM-based machining, thus, boosting the growth of EDM market. Growing production of light-weight vehicles also contributes to the growth of EDM market. Increasing use of complex materials and components including alloys and ceramics augments the demand for electrical discharge machining across manufacturing sector which bolsters the growth of global EDM market.
Geographically, APAC (Asian-Pacific) will witness the fastest regional market growth during the forecast period owing to expanding manufacturing base and production capacity of EDM manufacturers in countries like China.
2018 marks the 40 year anniversary of the discovery of spark erosion for the efficient forming of polycrystalline diamonds (PCD) by Horst Lach (Lach Diamant). The discovery in 1978 marks a milestone in the history of polycrystalline cutting tools .
This idea sparked the awareness and increasing use of PCD, a newly launched cutting material, on a previously inconceivable scale. Today, in 2018, PCD tools are firmly established within the industry.
Polycrystalline tools are an integral part of aluminium machining in the automobile and accessories industry, in wood and composite machining in the furniture, flooring, and laminate manufacturing industries, as well as in plastic and circuit board manufacturing and other industries.
SAN FRANCISCO, June 25, 2018 /PRNewswire/ --
Global Electrical Discharge Machines Market is expected to grow at a significant CAGR in the upcoming years as the scope, Product Types, and its applications are increasing across the globe. Electric discharge machines (EDM) are characterized Spark eroding, or spark machining, or wire burning, or burning, or die to sink. With the help of electrical discharges (sparks), the desired shape of the material is obtained. The two electrodes are separated by a dielectric liquid and subject to an electric voltage. One of these electrodes is referred to as tool-electrode or imply electrode; while the other one is termed as a workpiece - electrode. Furthermore, Electrical Discharge Machining (EDM) is a measured procedure of metal-removal that is used to eliminate metal by means of electric spark corrosion. When potential difference occurs between the two electrodes, the intensity of the electric field in the volume between the electrodes becomes greater than the strength of the dielectric. When the dielectric breaks down, the current can flow. Electrical Discharge Machines Market is segmented By Product into Wire EDM, RAM EDM, Small-hole EDM. Electrical Discharge Machines Market is segmented By End Users into Aerospace and defense, Automotive, Machine shop, Medical. Electrical Discharge Machines Market is segmented, By Geographical Region into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Wire cut Electric Discharge Machine Market: Market Dynamics
The rise in automation is one of the major factor driving the growth of the wire cut electric discharge machine market. The companies are seeking the rise in demand from the market when they are accepting the automation as the work criteria during manufacturing. This led the automation to be the driver for the market. The demand for the improved quality products and machines is another factor to be driving the growth in the wire cut electric discharge machine market. The product to the consumer must be precise in shape which will bring the rise in demand from the market. The wire cut electric discharge machine is made so to complete the process in such a way that the cutting and shaping are done and alongside protecting the exact shape of the work piece. The increase in demand for the products used in mechanical engineering has also grown the demand for the wire cut electric discharge machine in the market. The trend in the market to use the light weight products and the tools used in the machines has deliberately come from the wire cut electric discharge machine market.
Wire cut Electric Discharge Machine Market: Regional Outlook
The wire cut electric discharge machine market can be segmented on the basis of geography into seven regions as North America, Eastern Europe, Latin America, Japan, APAC (Asian-Pacific), Western Europe and MEA (Middle-East and Africa). APAC market is the dominating market in the wire cut electric discharge machine market globally. China is expected to rise in the forecast period surpassing the North America region. The North America is the leading region in the market with the highest number of sales. The APAC market demand is rising and is expected to be the leading vendor in the forecast period. The European market is also expected to rise from its current economic condition and the demand will increase in Germany and Italy later in the forecast period.
With the slowdown in world economic growth, the EDM industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, EDM market size to maintain the average annual growth rate of 3.83% from 670 million $ in 2014 to 750 million $ in 2017, BisReport analysts believe that in the next few years, EDM market size will be further expanded, we expect that by 2022, The market size of the EDM will reach 885 million $.