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

Region :Global | Report ID: FBI101793 | Status : Ongoing

KEY INDUSTRY INSIGHTS

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.

Key Market Driver -

Key Market Driver – • Emerging demand of wide array of industrial activities such as construction projects, large industrial facilities, oil and gas fields and refineries. • Increasing pace of replacing traditional business models and machineries with new digitized machineries.

Key Market Restraint -

Key Market Restraint - • Fluctuations in the availability of raw materials poses threat to stable prices and production costs.

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.

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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

ATTRIBUTE	DETAILS
By Wire Type	Non coated wire Coated wire Hybrid wire
By Application	Automotive Aerospace Medical Energy Die and Mold Others
By Geography	North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa) Latin America (Brazil, Mexico and Rest of Latin America)

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.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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