EDM Wires Market Size, Share & Industry Analysis, By Wire Type (Non coated wire, Coated wire, Hybrid wire), By Application (Automotive, Aerospace, Medical, Energy, Die and Mold, Others) and Regional Forecast, 2024-2032

The increasing demand for highly secure and safe wiring systems in industrial application is projected to drive the growth of cables and wires market. The latest technology in EDM mahcines include computerized numerical control (CNC) and built-in sensing and intelligence which helps to get more precision in work. Industries such as aerospace, medical, automotive requires complex machines parts, precision in surface finishing which is opted through EDM wire machines.

In EDM wire, the conductive materials are mechanized  with a series of electrical discharges that are produced between an accurately positioned moving wire (the electrode) and the work piece.It helps to create sharp internal corners and high material utilization. EDM wire is a highly specialized technology which has an ability to cut very hard material at relatively high speed and ability to cut complex paths in cost-effective manner. EDM wire is applied for low volume production fo complex parts such as gears, splines, medical equipment/tools etc.

Key Players Covered:

Key players operating in the global EDM Wires market are Powerway Group, Oki Electric Cable Co.Ltd, THERMOCOMPACT, Sumitomo Electric Industries Ltd., Tamra Dhatu, Senor Metals Pvt. Ltd, YUANG HSIAN METAL INDUSTRIAL CORP., Novotec BV, J. G. Dahmen GmbH & Co. KG.

Regional Analysis:

Asia Pacific is experiencing a high growth in EDM wires market owing to the rapid urbanization and industrialization, development in transmission and distribution networks, large automobile production. Therefore, Asia Pacific is anticipated to be a dominant region in global EDM wires market in 2018.

North America is expected to have a substantial increase in EDM wire market owing to the governmental initiatives for expansion or upgrade of existing infrastructure, increased renewable energy production. For instance, U.S DOE announces USD 6.6 million through hydroelectric production incentive program.

Segmentation

Key Industry Developments

• April 2017: - Makino Inc. has announced its merger with global EDM Supplies in order to expand the company’s SST consumables business, serving customers with broader geographic reach, greater product diversity and increase accessibility to technical services and support.


• April 2017: - Sodick announced a new line of EDM wire consumables, in order to achieve greater cutting speed.