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Global EDM Cutting Wire Market to Reach US$1439.87 mn, QY Research Predicts

Author: QYResearch  |   Published Date: 2019-11-12   |   Views: 150



Los Angeles, November 12, 2019 – The electrical discharge machining (EDM) is a primary method for cutting hard metals that otherwise are difficult to operate on with traditional techniques. EDM cutting wire does not need to pre soften the metal or metal alloys such as Inconel, kovar, hastelloy, and titanium and can cut intricate cavities or contours in them. This ability of the machine is driving the market in top gear. QY Research has recently added a report titled, “Global EDM Cutting Wire Market Research Report 2019”, predicting the market growth during the forecast period.

 

The global EDM cutting wire market was worth US$792.43 mn during 2018 and is likely to reach US$1439.87 mn by the end of 2025, registering CAGR of 8.75% during the forecast period of 2019 to 2025.

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Get PDF sample copy of this report: https://www.qyresearch.com/sample-form/form/1271904/global-edm-cutting-wire-market

 

EDM Cutting Wire Rising in Demand Due to its Non-Contact Machining Process

 

EDM cutting wire is rising in popularity as it can remove excess material without employing strong cutting force. The process is automated which makes it less likely to cause damage to the workpiece. The machine can function on hard materials by itself so it does not require post-machining secondary thermal treatments. This results in little to no heat stress on the commodity and fewer chances of distorted surface. These properties make it suitable to manufacture components and parts for electronics, aerospace, and automotive industries.

 

EDM is also widely demanded due to its ability to precisely work on very complex shapes and hard materials. It enables easy handling and provides smooth burr-free surface on intricate pieces. It also provides ready-made manufactured parts that can be immediately used. The resulting product is never compromised of the surface finishing. It diminishes the need for post processing procedures due to its non-contact machining process.

 

EDM machining process is computer numerical controlled thus it uses automated software to function programs and procedures that are repeatable, predictable, and accurate during every production run. It can accommodate small production runs in case of medical or aerospace equipment industries that require tight tolerances. It is considered to be time efficient and cost effective compared to other available processes. Hence, it is expected to rise in demand during the forecast period.

 

Aerospace Segment Expected to Rise as Precision is Demanded

 

The EDM cutting wire market is segmented into type and application. The type segment is divided into hybrid wire, coated wire, and no coated wire. The application segment is split into die and mold, mechanic, aerospace, and others.

 

The aerospace segment in global EDM cutting wire market is expected to rise in the coming years as in aerospace industry, there is no room for error or miscalculation. EDM machining is used for dimensional accuracy, producing parts to meet industry’s standards, and numerous applications. It has been used since decades to manufacture aerospace engine, high temperature parts, landing gear components, and fuel systems thus, paving way for market growth.

 

North America to Lead Due to Extensive Investment in Technological Advancement

 

North America is likely to lead the market as the key players of aerospace and mechanic industry are concentrated in this region. This region is also witnessing better facilities along with increased investment in research and development activities.

 

Europe is likely to follow the lead as it has convenience of shared currency that leads to stronger European cash flow in the region.

 

Key Players

 

The key players operating in the global market are Powerway Group, Novotec, Oki Electric Cable, Ningbo De-Shin Industrial Co., Ltd, Opecmade, Heinrich Stamm GmbH, THERMOCOMPACT, YUANG HSIAN METAL INDUSTRIAL, Hitachi Metals, Senor Metals, Sumitomo (SEI) Steel Wire Corp, Tamra Dhatu, and J.G. Dahmen & Co KG.

 

Competitive Landscape

 

Machine tool suppling companies such as Makino Inc. are presenting cutting edge industrial machinery that is operated by voice technology. The company built Athena, an EDM cutting wire machine that is operated by a voice controlled machine assistant. Athena was created by iTSPeeX, a manufacturing technology startup in Cincinnati.


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